Editor's Picks
Sunday tips round-up: Zambeef, Electrocomponents, Compass
Monday 02 Apr 2012
AIM-listed Zambeef Products is perfectly positioned to benefit from Africa's growing wealth and could double profits this year.Last month, however, it received a nasty surprise when the Zambian tax authorities said it owed the equivalent of £6.7m relating to Zamanita, an edible oils business acquired in 2008. A new government was elected last September and reopened a tax dispute that Zambeef
Europe close: Traders wave buy buy to Friday
Friday 30 Mar 2012
- Euro firewall boosted to 700bn - US Consumer figures better than expected - Stocks rise
Sunday tips round-up: Zambeef, Electrocomponents, Compass
Friday 30 Mar 2012
AIM-listed Zambeef Products is perfectly positioned to benefit from Africa's growing wealth and could double profits this year.Last month, however, it received a nasty surprise when the Zambian tax authorities said it owed the equivalent of £6.7m relating to Zamanita, an edible oils business acquired in 2008. A new government was elected last September and reopened a tax dispute that Zambeef
Shire drops after drug trial failure
Friday 30 Mar 2012
Shire, the specialty biopharmaceutical group, dropped into the bottom spot on the FTSE 100 on Friday after one of its drugs missed the main target during a recent clinical trial.
Vodafone falls on potential Indian tax
Friday 30 Mar 2012
Telecoms giant Vodafone is in a delicate situation regarding its Indian business. The company says that it will urgently take action to prevent the Indian government from imposing a tax of more than two billion dollars over the 2007 purchase of local company Hutchison Whampao.
API considers selling itself in third quarter
Friday 30 Mar 2012
Laminate and foil manufacturer API says sales will come in ahead of 2010’s full-year numbers as it prepares to put itself up for sale.
Sunday newspaper round-up: Falklands, Spain, Horizon
Friday 30 Mar 2012
A group of British and American banks have been threatened with legal action by the Argentine government for advising and writing research reports about companies involved in the Falkland Islands’ £1.6bn oil industry. Argentina has warned those banks - understood to include the Royal Bank of Scotland, Barclays Capital and Goldman Sachs - that they face criminal and civil action in the Argentine
London midday: Stocks rise as eyes turn to Eurozone meeting
Friday 30 Mar 2012
- Investors keep a close eye on meeting in Copenhagen - Eurozone inflation falls but still high - Miners lead the rise by lunchtime
Consumer confidence figures bad news for retailers
Friday 30 Mar 2012
A closely watched poll of consumer confidence in the UK suggests the recovery in January and February may be more fragile than first hoped.
Broker snap: ENRC too expensive given headwinds, says Nomura
Friday 30 Mar 2012
Nomura has slashed its forecasts for Eurasian Natural Resources Corp (ENRC) and says that the stock to undeservedly trading at a premium to its peers.
Eurogroup expected to haggle over firewall funds
Friday 30 Mar 2012
While finance ministers from the 27-member European Union gather as Ecofin in Copenhagen, the smaller Eurogroup (consisting of only those finance members pertaining to the Eurozone) is pulling up its sleeves to get down to business and make a “final” decision on the amount of firepower it will finally provide to European bailout fund.
Not even the Greek PM rules out the possibility of third bailout
Friday 30 Mar 2012
Just one day after S&P’s Moritz Kraemer said that the rating held by the agency on Greece implied a significant possibility of a future restructuring, the Hellenic Republic’s Prime Minister Lucas Papademos admitted that not even he could rule out the need for a third bailout package in the future.
London open: Stocks rise ahead of Ecofin
Friday 30 Mar 2012
- Stocks rise ahead as finance ministers meet - Greek PM doesn't rule out third bailout - Miners rise strongly after recent fall
Friday tips round-up: Bwin.Party, Centamin Egypt, International Power
Friday 30 Mar 2012
Tempus in the Times peers behind the marital curtain of Austrian firm Bwin and British outfit PartyGaming. When they merged and became Bwin.Party last year it was supposed to create an online gaming goliath. Instead regulatory changes in Germany have led to a goodwill write-off of 390m euros.
Rio joins Asian iron ore trading platform
Friday 30 Mar 2012
MIning giant Rio Tinto has joined the China Beijing Metals Exchange (CBMX), a new electronic trading platform providing additional iron ore trading channels in the Chinese market.
More of the same from Tate and Lyle
Friday 30 Mar 2012
Sweeteners giant Tate and Lyle said trading in the final quarter of its financial year has been in line with expectations, consolidating a good performance for the year.
US court sides with Astra on SEROQUEL
Friday 30 Mar 2012
Drugs giant AstraZeneca has had a bad run of late so news that a US District Court has ruled that the formulation patent protecting its SEROQUEL XR blockbuster drug is valid will be most welcome.
London close: Eurozone worries dampen UK stocks
Thursday 29 Mar 2012
- Stocks dragged down by Eurozone concerns - International Power receives approach from GDF Suez - FirstGroup plummets after gloomy update
Broker snap: TUI's valuation is 'far too low', says Jefferies
Thursday 29 Mar 2012
Jefferies has reiterated its buy rating and 300p target price for travel operator TUI Travel following this morning's pre-close trading update, saying that the group is continuing to 'pull away from its rivals'.
GDF looks to buy remaining stake in Int'l Power
Thursday 29 Mar 2012
UK utility giant International Power has confirmed that it has received a non-binding indicative proposal from French electricity giant GDF Suez to buy-up the remaining stake in the firm.
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