Editor's Picks
London open: Banks, miners provide a lift early on
Tuesday 28 Feb 2012
- Banks, miners rise strongly. - GKN drops after full-year results. - Persimmon surges after handing back cash to shareholders.
GKN hikes divi, as sales grow 13 percent
Tuesday 28 Feb 2012
Automotive and aerospace engineer GKN hiked its total dividend by a fifth after seeing double-digit growth in both sales and profits in 2011.
Solid Serco excels
Tuesday 28 Feb 2012
Outsourcing giant Serco is becoming more international in its outlook with 44% of group revenue now generated outside of the UK.
Tuesday tips round-up: Bunzl, Staffline, Microgen...
Tuesday 28 Feb 2012
In the Times, Tempus is tempted by a scoop of non-food products goliath, Bunzl, whose plastic spoons, bags and cleaning products are in high demand in the US, Brazil and Australia.
Rotork firing on all cylinders
Tuesday 28 Feb 2012
Last year was a record breaking year in many fronts for Rotork with the valve engineering group setting new highs for revenue, profit and order intake in each of its divisions.
Decade-long dividend bonanza in prospect at Persimmon -UPDATE
Tuesday 28 Feb 2012
Persimmon is the latest housebuilder to post results this week and its strategy of improving margins, investing in quality land and paying down debt, has proved successful in the face of difficult housing market conditions.
US close: Losses trimmed after German vote, pending home sales
Monday 27 Feb 2012
- Losses pared late on, stocks little changed by the finish. - Germany approves Greek bailout. - S&P downgrades Greece to selective default.
London close: Stocks rally after Germany approves Greek bailout
Monday 27 Feb 2012
- Germany approves Greek bailout. - Oil prices threaten to derail economic recovery. - Essar drops 15% after full-year results.
German parliament approves Greek bailout package -UPDATE
Monday 27 Feb 2012
The German parliament approved the second Greek bailout package on Monday afternoon. It was passed by a wide majority with 496 votes in favor and only 90 opposed.
Vedanta confirms merger of Indian subsidiaries
Monday 27 Feb 2012
Following weeks of speculation, Vedanta Resources has confirmed that it will be merging its Indian iron ore and copper divisions, Sesa Goa and Sterlite, respectively, to create a new multi-metal mining giant - Sesa Sterlite.
FTSE 100 movers: Essar Energy drops on results
Monday 27 Feb 2012
Leading the way lower was India-focused power generation and oil and gas group Essar Energy, after reporting a sharp drop in profits in the 12 months ended December 31st. When accounting for the reversal of a sales tax benefit - due to the Indian Supreme Court ruling against a sales tax deferment - the group fell to a pre-tax loss of $881.1m, from a profit of $365.5m the year before.
FTSE 100 movers: Essar Energy drops on results
Monday 27 Feb 2012
Leading the way lower was India-focused power generation and oil and gas group Essar Energy, after reporting a sharp drop in profits in the 12 months ended December 31st. When accounting for the reversal of a sales tax benefit - due to the Indian Supreme Court ruling against a sales tax deferment - the group fell to a pre-tax loss of $881.1m, from a profit of $365.5m the year before.
Germany to vote on Greek rescue amidst open opposition
Monday 27 Feb 2012
The German Parliament is to meet this afternoon to give the go-ahead on the recently approved €130bn rescue package for Greece. Lawmakers will begin their debate at 15:00 (14:00 London time) with a formal vote expected later this evening.
London midday: Essar, HSBC drag Footsie down 0.85pc
Monday 27 Feb 2012
- Essar, HSBC provide a drag in London. - G20 urges Europe to take action first - Vedanta among the few risers after consolidation plans.
Broker snap: UBS upgrades M&S, takes more positive stance on retailers
Monday 27 Feb 2012
UBS has upgraded its rating on high street giant Marks & Spencer and taken a more positive stance on the European general retail sector.
Monday broker round-up
Monday 27 Feb 2012
HSBC, Vedanta, M&S, Pearson, BATS, Smiths Group, Berendsen, Genel, Hiscox, William Hill, Rightmove, Max Petroleum...
World Bank: China needs reforms…so does Italy, Spain, Portugal…
Monday 27 Feb 2012
A joint research report by Chinese investigators and the World Bank that will be published in full later today calls for “a shift of China’s development and growth model” in order to deal with risks facing the Asian country during the next 20 years.
Pearson's earnings ahead of expectations
Monday 27 Feb 2012
Pearson, publisher of Penguin books and the Financial Times, says it expects revenues from digital and services businesses to exceed turnover from traditional businesses in 2012.
Vedanta confirms merger of Indian subsidiaries
Monday 27 Feb 2012
Following weeks of speculation, Vedanta Resources has confirmed that it will be merging its Indian iron ore and copper divisions, Sesa Goa and Sterlite, respectively, to create a new multi-metal mining giant - Sesa Sterlite.
BP court hearing delayed by one week
Monday 27 Feb 2012
The court hearing regarding the Macondo oil well explosion which was due to start on Monday, February 27th has been delayed by one week.
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