Editor's Picks
Misys confirms joint approach from CVC and ValueAct
Monday 05 Mar 2012
Funds advised by CVC Capital Partners and ValueAct Capital Master Fund, the largest shareholder in Misys, are working together on a making a joint cash offer for the financial software provider.
Sunday tip round-up: Molins, Essar, Elementis
Monday 05 Mar 2012
Engineering group IMI posted an excellent set of full-year numbers on Friday, as its strategy of focusing on "sweet spot" products with high margins bears fruit. The majority of the company's business is comprised of fluid control systems – such as valves for liquefied natural gas (LNG) plants and power stations, as well as air conditioning units. Just over half of IMI's operations are now
BP puts oil spill behind it with 7.8bn dollar settlement
Monday 05 Mar 2012
BP has finally reached a settlement to resolve the majority of claims stemming from the Deepwater Horizon oil spill in April 2010.
Monday newspaper round-up: Peak oil, Greece, BCC
Friday 02 Mar 2012
Investors in Greek debt have just four days to sign up to the largest debt restructuring in history and save the country from default. The heavily-indebted country needs 75% of its private bondholders to accept a £172bn bond swap deal by Thursday evening so it can secure a €130bn (£108bn) international bail-out package. If too few agree to exchange their bonds for a package of new debt and cash
Trading places: Spanish bond yields overtake Italian peers’
Friday 02 Mar 2012
Credibility is an important thing, particularly in the eyes of creditors. It is for this reason that, at one point in today’s session, yields on Italian 10 year bonds have moved below those on their Spanish peers’.
London midday: Eurozone concerns continue to weigh on stock
Friday 02 Mar 2012
- Eurogroup releases 58bn euros but delays full Greek bailout. - Banks park record amount in ECB overnight. - International Power rises on Indonesian deal. - Goldman upgrades banks, utilities.
First day of trading for Papua Mining
Friday 02 Mar 2012
Papua Mining, a company focussed on the exploration of gold and copper deposits in Papua New Guinea, began trading shares on AIM on Friday.
FTSE 100 movers: Int'l Power up on Indonesian agreement
Friday 02 Mar 2012
Electricity group International Power (IPR) raced into the top spot after itself and French utilities firm GDF SUEZ (which owns 70 percent of IPR) announced that IPR-GDF SUEZ Asia has signed 30-year power purchase agreements (PPAs) for two 220MW geothermal projects with the Indonesia state-owned utility, PLN.
ECB 'reasonably satisfied' with LTRO results
Friday 02 Mar 2012
President of the European Central Bank (ECB) Mario Draghi said the monetary authority is 'reasonably satisfied' with the results of Wednesday's long-term refinancing operation (known as LTRO).
Commodities: Oil drops 2%
Friday 02 Mar 2012
Crude oil futures fell 2% on Friday, following the previous day's rally, as concern about supply disruptions from Iran faded.
Commodities: Burst pipe reports spark rise in oil futures
Thursday 01 Mar 2012
Reports of a burst pipe sent crude oil futures racing past the 110 dollars mark last night, despite the claims being denied by Saudi Arabia, where the pipe was alleged to have occurred.
Friday newspaper round-up: Greece, Vauxhall, BoE
Thursday 01 Mar 2012
European powers approved the release of funds for Greece's international creditors but delayed the decision to bail out Athens until March 12 - perilously close to the country's default deadline. Ministers released €58bn (£48bn) of cash designated to smooth the €206bn bond restructuring but withheld the remaining €71.5bn allocated to help the Greek government. Eurozone finance ministers, who met
FTSE 250 movers: CWW talks send shares soaring
Thursday 01 Mar 2012
Indian outfit Tata Communications said it is in talks with UK telecoms firm Cable and Wireless Worldwide (CWW) regarding an offer - confirming earlier speculation - stepping on the toes of Vodafone which last month revealed its interest in the company.
FTSE 250 movers: CWW talks send shares soaring
Thursday 01 Mar 2012
Indian outfit Tata Communications said it is in talks with UK telecoms firm Cable and Wireless Worldwide (CWW) regarding an offer - confirming earlier speculation - stepping on the toes of Vodafone which last month revealed its interest in the company.
Week ahead: Glencore and Admiral
Thursday 01 Mar 2012
Monday will see the full-year results from Swiss commodities giants Glencore.
Commodities: Burst pipe reports spark rise in oil futures
Thursday 01 Mar 2012
Reports of a burst pipe sent crude oil futures racing past the 110 dollars mark last night, despite the claims being denied by Saudi Arabia, where the pipe was alleged to have occurred.
UK house prices rose more than expected in February, Nationwide says
Thursday 01 Mar 2012
House prices in the UK rose by 0.6% month-on-month (0.9% year-on-year) in February, to £162,712, according to the results of the latest survey carried out by mortgage lender Nationwide.
Kazakhmys's growth projects proceeding well
Thursday 01 Mar 2012
The benefits of improved copper prices were offset by lower copper sales in 2011, mining giant Kazakhmys revealed, adding that improving the efficiency of its current operations is a key focus of the group.
FX round-up: Dollar gains against the euro after Greek debt ruling
Thursday 01 Mar 2012
The dollar made gains against the euro last night after the International Swaps and Derivatives Association panel ruled that Greece's privately owned debt restructing does not meet the requirements of a 'credit event'.
Thursday newspaper round-up: BoE, Schaeuble, BSkyB
Wednesday 29 Feb 2012
German finance minister Wolfgang Schaeuble has sought to lower expectations ahead of Thursday's EU leaders' summit in Brussels, insisting the scale of the permanent Eurozone bail-out fund will not be decided at the meeting. Mr Schaeuble said the size of the new European Stability Mechanism (ESM) would be "considered throughout March". Germany has signalled that it could pay half of its
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