Editor's Picks
FTSE 100 movers: Antofagasta digs itself to the bottom of the pile
Tuesday 13 Mar 2012
Antofagasta was in the bottom spot despite boasting of another year of record revenues, profits and output in 2011. However, the market was largely unimpressed by the figures from the Chilean copper miner which parted company earlier this month with its Chief Executive Officer.
Broker snap: Panmure downgrades Standard Life, sees better value elsewhere
Tuesday 13 Mar 2012
While Panmure Gordon says that Standard Life's full-year results were good and ahead of expectations, the broker had downgraded its rating on the insurance giant from buy to hold.
Essar Energy primed to grow diesel revenues
Tuesday 13 Mar 2012
Essar Energy, the FTSE 100 India focused energy company, says it has completed one of the new units at a major refinery upgrade.
Earnings disappoint at Antofagasta
Tuesday 13 Mar 2012
Antofagasta boasted of another year of record revenues, profits and output in 2011 but the market was largely unimpressed by the figures from the Chilean copper miner which parted company earlier this month with its Chief Executive Officer.
AT&T sold out of iPads already - and it is not even on sale yet
Tuesday 13 Mar 2012
AT&T said orders for the new model of the Apple iPad, which the US telecoms network will start selling from Friday, March 16th, have already exhausted its initial inventories.
Unite Union opposes banking cuts at RBS and Lloyds
Tuesday 13 Mar 2012
Unite, the trade union for bank workers, has criticised new plans that will see Lloyds and Royal Bank of Scotland (RBS) slash a total of 1,764 jobs across the UK.
London midday: Stocks extends gains after ZEW survey
Tuesday 13 Mar 2012
- German ZEW reaches highest level in over a year - Spain to accept Eurogroup's fiscal consolidation request - Miners, banks lead the rise on the Footsie
Broker snap: Buy on NewBuy - Credit Suisse stays positive on house builders
Tuesday 13 Mar 2012
The house builders were performing well on Tuesday morning, a day after NewBuy was launched. Credit Suisse has maintained its positive view on the sector today despite its recent strong performance, saying that the government's scheme is an 'incremental positive' to its investment thesis.
The Fed and the fine art of doing nothing
Tuesday 13 Mar 2012
While Europe is busy scurrying around approving each day the same 130 billion euro rescue package for Greece that they’ve been approving for months, most market experts expect the US Federal Reserve to do the exact opposite and simply stand pat. 'This is really the occasion for (the Fed) to do absolutely nothing,' IHS Global Insight said.
FSA warns of biggest risks to consumers
Tuesday 13 Mar 2012
City watchdog, the Financial Services Authority (FSA), has warned finance firms they need to up their game to make sure consumers aren't sold the wrong products.
Greek newspaper round-up: Restructuring, Privatisation, Kouvelis
Tuesday 13 Mar 2012
The markets are not convinced about the viability of the Greek sovereign debt, as the price, yields and spreads of the new bonds indicate. The numbers show that not only has the Greek issue not been solved, but the possibility of a default is still looming. Prices of new Greek bonds range between 23 and 25.6 cents on the euro (£0.19-£0.21), while the coupon is set at 2%. Meanwhile, ISDA’s
Standard Life on track
Tuesday 13 Mar 2012
Life assurance firm Standard Life delivered an increase in operating profits and cash flow in 2011 against an uncertain economic backdrop.
Astra sues FDA over generic versions of SEROQUEL
Tuesday 13 Mar 2012
Drugs giant AstraZeneca has filed a lawsuit against US regulators to overturn last week's denial of petitions with regard to generic versions of its SEROQUEL and SEROQUEL XR tablets.
UK employment 'turning a corner' says research
Tuesday 13 Mar 2012
UK employers are taking tentative steps to start creating jobs again, according to a survey of over 2,000 firms.
Records profits and revenues at Antofagasta
Tuesday 13 Mar 2012
Chilean copper miner Antofagasta increased revenues and earnings by just under a third in 2011 on the back of record levels of output.
Tuesday newspaper round-up: HSBC, Greece, IAG
Monday 12 Mar 2012
HSBC is set to scale back its Asian operations as it considers the sale or closure of seven Asian retail businesses from Pakistan to New Zealand, where it has decided to no longer focus investment, The Financial Times says.
Broker snap: Volvo Aero a good fit for GKN, says Investec
Monday 12 Mar 2012
Investec believes that GKN's rumoured potential takeover of Volvo Aero would be a good fit for the engineering group to expand its aerospace business, 'specifically in the area of aero propulsion'.
FX round-up: Dollar relinquishes some of Friday's gains
Monday 12 Mar 2012
After an all-conquering day on Friday in the wake of encouraging payrolls data it was a more lacklustre day on Monday for the dollar, which lost ground against both the Japanese yen and the euro.
FTSE 250 movers: Computacenter in top spot ahead of results
Monday 12 Mar 2012
Computacenter was in the top spot ahead of its results due out tomorrow. which are set to show the sixth consecutive year of double digit adjusted earnings per share (EPS) growth and adjusted profit before tax for full year 2011, in line with the board's expectations.
US newspaper round-up: Oil, Stress tests, PepsiCo...
Monday 12 Mar 2012
"The Obama administration will release a report Monday that shows the United States cut foreign oil imports by 1m barrels a day in 2011, a 10% reduction that the White House said illustrates progress toward achieving greater energy independence. The 19-page status report lays out steps that six federal agencies have taken to meet President Obama’s call for a 'secure, affordable energy future'
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