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  • Greece drags its feet through another day of talks

    Tuesday 07 Feb 2012

    Another day of delays in Greece, though the end “may” be near. The Guardian’s correspondent in Athens has cited government officials as saying that “there is a deal on the table and in all probability the (political) leaders will accept it”.

  • London open: Miners tank in early trade

    Tuesday 07 Feb 2012

    A fall in the mining sector outweighed a strong showing by oil stocks as the Footsie slipped in early trading.

  • Glencore and Xstrata tie the knot

    Monday 06 Feb 2012

    Having announced their engagement Anglo-Swiss commodities firms Glencore and Xstrata have finalised terms of the dowry of their marriage of equals.

  • FTSE 250 movers: Bumi tumbles as shareholder moves to oust Rothschild

    Monday 06 Feb 2012

    Mining group Bumi was out of favour following Friday’s announcement that a major shareholder, Borneo Bumi Energi, had demanded a meeting to vote on numerous boardroom changes including the removal the firm’s co-founders Nathaniel Rothschild. Today the shake-up was described as “purely” about making the board as strong and manageable as possible, according to Chris Fong, a spokesman for Borneo

  • FTSE 100 Movers: Glencore leads the way down

    Monday 06 Feb 2012

    Glencore International was the worst performer, followed not far behind by Xstrata, both of which were pulling back after last week’s strong rise - the two commodities giants are currently in talks regarding a merger.

  • Small caps round-up: Aminex, Solo, Firestone Diamonds ...

    Monday 06 Feb 2012

    Oil and gas companies Aminex and Solo Oil took a hit on Tuesday morning after the first stab at drilling their shared Ntorya-1 exploration well in the Ruvuma Basin onshore in Tanzania proved disappointing.

  • Tuesday broker round-up - UPDATE

    Monday 06 Feb 2012

    BP: Nomura maintains neutral rating and 500p target.

  • BP hikes divi as profits jump - UPDATE

    Monday 06 Feb 2012

    Oil titan BP has announced a 14% increase in its quarterly dividend, the first rise since the company resumed payouts a year ago, in the hope that it can put the 2010 Gulf of Mexico (GoM) oil spill behind them.

  • Broker snap: 888 is 'inexpensive', says Panmure

    Monday 06 Feb 2012

    Panmure Gordon has maintained its buy rating and 63p target price for online gaming group 888 Holdings ahead of its fourth quarter statement due tomorrow.

  • London midday: Miners drag Footsie lower as Greek crisis continues

    Monday 06 Feb 2012

    Losses were pared by midday, but London’s blue chip index remained firmly in the red with Greek talks continuing to weigh on sentiment. Meanwhile, US stock futures were pointing to a weak start on Wall Street.

  • Eurozone crisis threatens to cut China’s growth in half

    Monday 06 Feb 2012

    In a report released today from its Beijing office, the International Monetary Fund (IMF) warns that the European debt crisis could cut China’s growth in half.

  • Anglo Pacific looks to tap into Aussie iron ore project

    Monday 06 Feb 2012

    FTSE 250 natural resources royalties company Anglo Pacific has agreed to a proposal to buy 50% of Red Rock Resources' Mount Ida iron ore royalty for $14m.

  • Retail sales signal a tough year ahead, BRC says

    Monday 06 Feb 2012

    In value terms UK retail sales in January were down 0.3% on a like-for-like basis from the same month of 2011, when sales rose 2.3%, picking up after December 2010's snow disruption, according to the British Retail Consortium´s (BRC) monthly retail sales monitor.

  • London pre-open: Greece continues to worry investors

    Monday 06 Feb 2012

    City sources predict the FTSE 100 will open down 6 points from Friday's close of 5,901, ahead of the impending deadline for talks on Greece which will decide whether the country is to default on its debts or accept a new bailout.

  • Passenger numbers fall at easyJet

    Saturday 04 Feb 2012

    Budget airline easyJet saw passenger numbers nudge 0.4% lower last month, but the load factory saw a slightly improvement.

  • US pre-open: Stocks to open slightly down

    Friday 03 Feb 2012

    -Bullard says ok with low Fed rates for year or two.

  • Papademos threatens to resign if not backed by parties

    Friday 03 Feb 2012

    Greek daily Ekathimerini reports that Greek Prime Minister Lucas Papademos has threatened to resign if the country's political parties do not support the new fiscal austerity measures requested by the "troika" (European Union, European Central Bank, and International Monetary Fund).

  • FTSE 250 movers: Bumi lands on its derriere

    Friday 03 Feb 2012

    Bumi, the Indonesian coal miner, hit a bum note with shareholders who have demanded a meeting to request a meeting to persuade their fellow shareholders to boot out co-Chairman Nathaniel Rothschild along with a number of other members of the board.

  • FTSE 100 movers: Admiral leads the way higher

    Friday 03 Feb 2012

    Insurance group Admiral jumped into the top spot after extending its existing UK car insurance reinsurance partnerships with Hannover Re, Mapfre Re, New Re and Swiss Re until 2014. "Reinsurance has been at the core of Admiral's successful business model since 2000 and we look forward to continuing our mutually beneficial relationships with our partners for many years to come," said Chief

  • Market overview: Footsie goes vertical after US jobs data

    Friday 03 Feb 2012

    1346: Reaction to the better than expected US jobs data has predictably been favourable, with the FTSE 100 shooting up to 5,856, up 60 points on the day.

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