Editor's Picks
Lagarde sees signs of stabilisation in global economy
Monday 19 Mar 2012
International Monetary Fund (IMF) Managing Director, Christine Lagarde, said yesterday in Beijing that she saw promising signs of stabilisation in the global economy.
Broker snap: Merchant keeps hold of Misys after Vista offer
Monday 19 Mar 2012
Merchant Securities has reiterated its hold rating for Misys after Vista 'came up with the goods' and announced a 350p-a-share offer for the financial software provider this morning.
London midday: Losses pared but Footsie still down
Monday 19 Mar 2012
- Greece 'more than halfway' along path to recovery - Vodafone up on tax benefit reports from CWW takeover - Misys jumps on recommended bid from Vista
Lagarde sees signs of stabilisation in global economy
Monday 19 Mar 2012
International Monetary Fund (IMF) Managing Director, Christine Lagarde, said yesterday in Beijing that she saw promising signs of stabilisation in the global economy.
Exillon pushes back production target
Monday 19 Mar 2012
Northern Russia-focused oil producer Exillon Energy has delayed its short-term output target whilst reporting that losses widened significantly in 2011 due to higher operating costs and selling expenses.
Misys receives 350p-a-share offer from Vista
Friday 16 Mar 2012
Financial software developer Misys has announced that it has reached agreement on the terms of a recommended 350p-per-share cash offer by Magic Bidco Limited, an investment vehicle indirectly owned by Vista Funds.
FX round-up: Soft data weakens dollar
Friday 16 Mar 2012
The dollar's trajectory turned lower on Friday after weaker than expected US inflation data reduced the view that US policy makers would introduce more monetary easing measures.
Commodities: Crude settles above $107
Friday 16 Mar 2012
US crude oil futures rose above $107 a barrel on Friday, finding support from the weaker dollar, but registered a weekly loss.
Monday newspaper round-up: 50p, Toll roads, Bumi
Friday 16 Mar 2012
The 50p top rate of income tax will be scrapped next year under plans to be unveiled in this week’s Budget, The Daily Telegraph can disclose. George Osborne, the Chancellor, will say that the tax is undermining the British economy by deterring investors and entrepreneurs. It will be replaced with a 45p rate from April 2013, which Treasury officials believe will raise more money because fewer
Berkeley topping up the land bank
Friday 16 Mar 2012
Berkeley Group, the house builder focused on London and surrounding areas, said demand for its residential property in 2012 has remained resilient, encouraging it to selectively invest further in stocking up its land bank in the area.
Rising energy prices lift US inflation
Friday 16 Mar 2012
The US Consumer Price Index (CPI) for February rose by 0.4% month-on-month and by 2.9% on an annual basis, according to the latest data from the Bureau of Labor Statistics.
US open: Stocks turn slightly lower on confidence data
Friday 16 Mar 2012
The major US equity benchmarks are now trading mixed (Dow Jones: -0.03%, Nasdaq Comp.: -0.10%; S&P 500: 0.03%). That following better than expected inflation and manufacturing sector data out in the pre-open along with what, at first glance, looks like a slightly softer than expected reading on consumer confidence. Not coincidentally, that is precisely the indicator which usually has the biggest
Greece needs to crack down on tax evasion, bribes and red tape
Friday 16 Mar 2012
After Greece finally received approval for a second 130bn euro rescue from both the International Monetary Fund and the European Union, the European Commission’s task force has begun making suggestions on how the Hellenic Republic can bring down its deficit.
Broker snap: Investec, UBS upgrade RBS to buy
Friday 16 Mar 2012
Royal Bank of Scotland had its rating upgraded by both UBS and Investec on Friday morning, lifting the shares up nearly three per cent early on.
Lloyds makes bonus raid on former execs
Friday 16 Mar 2012
It seems as if some former directors of Lloyds will be putting the champagne firmly back on ice.
US, UK to release oil reserves
Friday 16 Mar 2012
The US and the UK are expected to agree on a release of oil stockpiles in the next few months in an attempt to put a lid on surging fuel prices.
London open: Financials gains, US data eyed
Friday 16 Mar 2012
- Financials stock, Tullow oil lead the rise on the Footsie - Barroso sees improvement in the Eurozone - Oil prices rebound
US rate hike could be necessary in 2013, says Fed official
Friday 16 Mar 2012
Richmond Federal Reserve President Jeffery Lacker thinks the Federal Reserve will probably have to raise interest rates in 2013, contrary to the 'at least through late 2014' statement promised in the latest report by the US central bank.
London pre-open: Flat start for FTSE
Wednesday 14 Mar 2012
City sources predict the FTSE 100 will open down two points from yesterday's close of 5,941, ignoring strong gains in the US last night and holding onto gains made in recent months.
FTSE 250 movers: Yule Catto leaps after profits double
Wednesday 14 Mar 2012
Shares in Yule Catto soared into the top spot on the FTSE 250 leader-board after the Essex headquartered polymer business announced it had doubled profits in 2011. Underlying profit before tax at the firm was up 99% to £84.8m in 2011, largely due to its PolymerLatex acquisition in March, which doubled the size of the business.
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