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  • Sunday share tip round-up: James Fisher, Reckitt Benckiser

    Friday 10 Feb 2012

    The shipping industry has been in the headlines recently as freight rates have plunged, but James Fisher's specialist expertise is in demand. Last week, Fisher unveiled a new five-year contract with BP Angola to provide export tanker support services off the coast of the West African country. Fisher will operate three anchor handling tugs, which it will charter, and provide diving services for

  • Italian Treasury auctions €12bn in T-bills

    Friday 10 Feb 2012

    The Italian Treasury has just released the results of this morning´s auctions. It has sold:

  • Small caps round-up: Arena, RedHot Media, Vp...

    Friday 10 Feb 2012

    Gene-based biopharmaceutical company Oxford Biomedia has announced that its Chief Financial Officer (CFO), Andrew Wood, has stepped down and will be replaced by Tim Watts with immediate effect. Watts has over 30 years' experience in leading multinational businesses and was most recently CFO at Archimedes Pharma, an international specialty pharmaceutical company.

  • Market overview: Two more Greek ministers resign

    Friday 10 Feb 2012

    1620: The Greek deputy foreign minister has just tendered his resignation as has, apparently, the agriculture minister, according to Bloomberg TV. FTSE 100 down 35 to 5,860.

  • London midday: Achtung! Greece missing debt-cutting targets. Full stop.

    Friday 10 Feb 2012

    - German Finance Minister says Greece missing targets-Bloomberg - Barclays rises after cutting bonuses, but profits fall. - Eurogroup fails to approve Greek package. - C&W Comms drops after profit warning.

  • Commodities: Greece nerves dent appetite for oil, gold

    Friday 10 Feb 2012

    Crude oil futures ended the week lower on Friday on nerves ahead of Greece cementing a deal on its debt and as the International Energy Agency reduced its outlook for global oil demand.

  • FTSE 100 movers: Barclays rises despite falling profits

    Friday 10 Feb 2012

    Barclays was topping the risers despite reporting falling profits and revenues in 2011. Of note, the bonus pool at Barclays Capital, its underperforming investment banking arm, was cut by 32%. Critically, however, the lender raised its dividend. That may have raised confidence in the lender´s ability to eventually return to its 13% target for return on equity, although on the conference call

  • Phoenix and CVC will not tie the knot

    Friday 10 Feb 2012

    The protracted courtship of closed life fund consolidator Phoenix Group by private equity firm CVC Capital Partners has ended with both parties agreeing it is best to go their separate ways.

  • Barclays cuts BarCap bonuses as group income drops 8% - UPDATE

    Friday 10 Feb 2012

    UK lender Barclays slashed its Barclays Capital (BarCap) bonus pool in 2011, after the investment banking unit helped push down full-year group income by 8%.

  • FX round-up: Euro rises on Greek deal

    Thursday 09 Feb 2012

    The euro leapt on Thursday following news of the Greek deal which saw political leaders come to a long-awaited agreement over austerity measures to put to its creditors in a bid to side-step defaulting on its debts in March.

  • Friday newspaper round-up: Greece, QE, Xstrata

    Thursday 09 Feb 2012

    The agreement between Greek politicians was initially heralded as the breakthrough to unlock a €130bn (£109bn) international bail-out package to avoid Greek bankruptcy. However, the chairman of a meeting of the 17 Eurozone finance ministers last night said fresh conditions will have to be met before the bail-out is endorsed. Jean-Claude Juncker, head of the eurogroup, said an extra €325m (£273m)

  • FTSE 100 Movers: Tate and Lyle leaves sour taste

    Thursday 09 Feb 2012

    It has been a busy day for results from FTSE 100 heavyweights and the reception for most of them was far from warm.

  • Friday preview: BarCap and bonuses in focus (as usual) at Barclays

    Thursday 09 Feb 2012

    The waiving of executive bonuses has suddenly become fashionable but no one is holding their breath for Bob Diamond, Chief Executive Officer of Barclays, to announce he is forgoing his bonus when the bank announces its fourth quarter results on Friday.

  • Broker snap: Vodafone's a must-have for telecoms investors, says Nomura

    Thursday 09 Feb 2012

    Nomura has reiterated its buy recommendation and 230p target price for telecoms giant Vodafone despite the firm's second quarter organic revenue growth coming in below expectations.

  • UK industrial production trounces expectations in December

    Thursday 09 Feb 2012

    Industrial production in the United Kingdom grew by 0.5% on the month (-3.3% on the year) during the month of December, according to the latest data from the Office for National Statistics.

  • Emerging markets boost first half sales at Diageo

    Thursday 09 Feb 2012

    Drinks giant Diageo saw net sales rise 8% in the first half ended December 31st, as strong growth in emerging markets helped offset a more subdued performance in Europe and North America.

  • London pre-open: Greek draft deal to boost FTSE 100

    Thursday 09 Feb 2012

    City sources predict the FTSE 100 will open up 19 points from yesterday's close of 5,876, after a draft financing deal from Athens was leaked to the press which detailed tough austerity measures including a 20% reduction in the Greek minimum wage.

  • Thursday newspaper round-up: Greece, Xstrata, Icap

    Wednesday 08 Feb 2012

    “Workers at one of Britain's largest car plants are facing new concerns about their future as General Motors considers restructuring its loss-making European arm with "everything on the table". Sources close to GM Europe say the company is suffering from "overcapacity" as carmakers endure a slowdown in European sales. (…) Nonetheless, Karl-Friedrich Stracke, the chief executive of Opel and

  • London close: Stocks slip as Greek talks commence

    Wednesday 08 Feb 2012

    - Greek talks now underway in Athens. - Investors await policy decision by BoE tomorrow. - Reckitt leads risers after full-year results.

  • Broker tips: Reckitt, SuperGroup, HomeServe

    Wednesday 08 Feb 2012

    Cillit Bang maker Reckitt Benckiser reported better-than-expected headline earnings per share (EPS) and good top-line growth momentum in its full-year results today, according to Nomura which reiterated its buy recommendation on the consumer products giant.

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