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  • Ocean Wilsons shares drop as profits halve

    Monday 26 Mar 2012

    Ocean Wilsons Holdings, a Bermuda based investment holding company, saw pre-tax profits halve for the year ended December 31st, despite a rise in revenues.

  • LFL growth tapers off a touch at Wolseley

    Monday 26 Mar 2012

    Plumbers' merchant Wolseley, no longer drowning in a sea of debt, felt confident enough to ramp up its interim dividend by a third on the back of strong profits growth, though like-for-like sales growth has tapered off a tad in the last couple of months.

  • London midday: German Ifo survey lifts the mood

    Monday 26 Mar 2012

    - Germany's IFO index rises for fifth straight month - Concerns about Spain still on investors' minds - Aberdeen leads rise on FTSE 100, Ophir surges on FTSE 250

  • Resource stocks round-up: Stellar, Bowleven, Ithaca

    Monday 26 Mar 2012

    Other stocks included in this round-up are: Faroe Petroleum and Baobab Resources.

  • Broker snap: Great upside momentum at easyJet, says Prime Markets

    Monday 26 Mar 2012

    Prime Markets recommends to buy shares of budget airline easyJet, saying that today's first-half guidance upgrade provides 'great upside momentum'.

  • BP eyes asset sale after Osborne's oil budget

    Monday 26 Mar 2012

    It looks like BP could be trying to cash in on some UK government largesse.

  • Monday broker round-up

    Monday 26 Mar 2012

    Amlin, BT, Catlin, Diploma, Imperial, ITV, Premier Foods, Randgold

  • London open: Eurozone worries hold back stocks

    Monday 26 Mar 2012

    - European markets cautious, Spanish index drops - Germany may back an increased firewall - Abderdeen advances after pre-close trading update

  • Astra's injunction against the FDA denied by US court

    Monday 26 Mar 2012

    A US court has dismissed AstraZeneca's lawsuit against the Food and Drug Administration (FDA) which sought to delay the marketing approval of genetic copies of a quetiapine drug.

  • Aggreko to buy Brazilian firm

    Monday 26 Mar 2012

    Temporary power solutions provider Aggreko is to buy Brazilian firm Poit Energia as it continues to expand into fast growing economies.

  • Commodities: Bernanke fuels modest crude gains

    Monday 26 Mar 2012

    US crude oil futures eked out a modest gain on Monday as Federal Reserve Chairman Ben Bernanke increased expectations of more monetary stimulus in the US and as traders looked ahead to this week's inventory data.

  • easyJet to beat first half predictions

    Monday 26 Mar 2012

    Low cost airline easyJet said its financial performance in the first half of the year would exceed guidance it gave in january.

  • Analysts wonder 'where are markets headed?´

    Friday 23 Mar 2012

    The strength of the current five-month rally in equity markets was steep enough to make some analysts question its sustainability. However, one day of losses is not enough to kill this rally.

  • Monday newspaper round-up: BoE, Budget neutrality, IAG

    Friday 23 Mar 2012

    Sir Mervyn King, the head of the Bank of England, said the central bank knows "absolutely nothing" about how the policy instruments its new watchdog has asked for to combat systemic financial risks will work in practice, and that it will need to win a battle of hearts and minds when it starts using them. The bank's Financial Policy Committee (FPC), established last year to spot emerging bubbles

  • Broker snap: BT now has scope to increase divi, says Jefferies

    Friday 23 Mar 2012

    Jefferies has maintained its positive view on telecoms giant BT, saying that the group's agreement with its pension scheme trustee 'crystallises' dividend upside.

  • Resource round-up: Bellzone, Uranium Resources, African Potash

    Friday 23 Mar 2012

    Bellzone Mining has announced that iron ore production and product stockpiling for the Forécariah joint venture project in the Republic of Guinea, West Africa, has begun. The maiden blast consisted of 213 holes and the firm anticipates that this will provide more than 30,000 tonnes of run of mine ore for processing through the installed crushing and screening plants. Production operations will be

  • FTSE 250 movers: Essar Energy in pole position after upgrade from Morgan Stanley

    Friday 23 Mar 2012

    India-focused energy company Essar Energy was given a boost after Morgan Stanley upgraded the stock from equal weight to overweight and raised the target price from 160p to 225p. The stock has lost more than two-thirds of its value over the last year as it has been embroiled in a tax dispute with the Indian authorities.

  • London midday: Miners drag Footsie lower

    Friday 23 Mar 2012

    - Footsie on track for worst performance YTD - Miners fall, Randgold still hampered by Malian concerns - BT rises on pension deficit arrangement

  • Week Ahead: Food, drink, a bet and a ciggie

    Friday 23 Mar 2012

    Next week has a bit of a food and drink theme, with updates expected from caterer Compass, pizza deliverer Domino's, food groups Hilton and Finsbury plus fizzy drink maker AG Barr.

  • Finance costs tip Phoenix into the red

    Friday 23 Mar 2012

    Phoenix Group, the insurance consolidation company which has attracted the interest of private equity, reckons it is doing just fine as an independent company after a year of 'considerable progress' in 2011, though the group's finance costs remain a concern.

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