Editor's Picks
AstraZeneca to cut 7,300 jobs, predicts lower earnings in 2012 - UPDATE
Thursday 02 Feb 2012
Pharmaceuticals giant AstraZeneca has reported a strong rise in earnings in 2011 but, in an attempt to "enhance productivity" and reduce costs, the company has revealed it will by making 7,300 job cuts.
Compass has a 'good' start, guidance unchanged
Thursday 02 Feb 2012
Food and support services firm Compass says that is has had a good first quarter and its expectations for the full-year remain unchanged, despite experiencing a continuing challenging macroeconomic environment in Europe.
AstraZeneca to cut 7,300 jobs, predicts tough 2012
Thursday 02 Feb 2012
Pharmaceuticals giant AstraZeneca has reported a strong rise in earnings in 2011 but, in an attempt to "enhance productivity" and reduce costs, the company has revealed it will by making 7,300 job cuts.
Sector movers: ICAP, Brewing Dolphin lift financial services
Wednesday 01 Feb 2012
The financial services sector was given a lift today by well-received statements from inter-dealer broker ICAP and stockbroker and wealth manager Brewin Dolphin.
Thursday newspaper round-up: Retail sector, Austerity, Lloyds
Wednesday 01 Feb 2012
The former chairman of the fashion retailer New Look has said the high street is in an "death spiral" and has recommended re-classing empty shops for residential use. Phil Wrigley, the chairman of the retailer Majestic Wine, also criticised the recent report on the high street by Mary Portas, the self-styled Queen of Shops, as the "right diagnosis, wrong prescription". His views, based on nearly
Sector movers: ICAP, Brewing Dolphin lift financial services
Wednesday 01 Feb 2012
The financial services sector was given a lift today by well-received statements from inter-dealer broker ICAP and stockbroker and wealth manager Brewin Dolphin.
Small caps round-up: Caza, Tower Resources, Noventa...
Wednesday 01 Feb 2012
Mining firm Noventa says that operations have suffered from a "plague" of beetles as a result of tropical storms which have hit the firm's Marropino site in Mozambique over the past 10 days. The Rove Beetle is very poisonous and around 30% of the workforce at Marropino have been affected by the severe skin and eye irritations caused by coming into contact with the insects. The firm was keen to
London midday: Stocks rise after Eurozone manufacturing data
Wednesday 01 Feb 2012
Gains were extended by lunchtime after Eurozone manufacturing data suggested that the region may escape a recession. Financials were putting in a strong performance in London, led by ICAP which was rising over 7% at the midday mark.
Broker snap: BSkyB's focus now on football, says Nomura
Wednesday 01 Feb 2012
Nomura has maintained its buy rating on pay-TV and broadband supplier British Sky Broadcasting (BSkyB) after yesterday's results showed strong growth in products and higher-than-expected earnings.
Home Retail throws Argos ball to US retail veteran
Wednesday 01 Feb 2012
US industry veteran John Walden has been given the tough task of turning around the fortunes of Argos, the struggling retail brand owned by Home Retail Group.
Home Retail throws Argos ball to US retail veteran
Tuesday 31 Jan 2012
US industry veteran John Walden has been given the tough task of turning around the fortunes of Argos, the struggling retail brand owned by Home Retail Group.
FTSE 100 movers: ARM hits the bottom spot, ICAP soars
Tuesday 31 Jan 2012
Chip designer ARM Holdings proved to be the day's big faller, pulling back after yesterday's well-received results. The Financial Times' Lex column is today singing the virtues of ARM's "strong fundamentals", but adds that the company's valuation, at 47 times expected earnings, is "through the roof."
Margin recovers at Smith and Nephew
Tuesday 31 Jan 2012
Trading profit margin recovered at Smith and Nephew in the fourth quarter as the medical devices maker boosted revenue and cut costs.
Chinese January manufacturing PMI ahead of forecasts, as rumoured
Tuesday 31 Jan 2012
-Output and new business both decline for a third month in succession -HSBC
FTSE 250 movers: Ocado leads the risers, Aquarius falls after downgrade
Tuesday 31 Jan 2012
Groceries delivery firm Ocado soared into pole position, extending gains made yesterday when it reported that gross sales, which include revenue plus value added tax (VAT) and marketing vouchers, rose 16.6% in the 52 weeks to November 27th to £642.8m from £551.1m the year before.
US pre-open: Stocks to bounce back on EU compact
Tuesday 31 Jan 2012
US equities are now being called to rise slightly following the announcement of the European Union’s ‘fiscal compact’ last night, and despite some mixed company earnings reports this morning.
Broker snap: Cautious outlook at ARM, says Nomura
Tuesday 31 Jan 2012
Nomura has maintained its neutral rating and 580p target price for chip designer ARM Holdings, but acknowledged that the group's fourth quarter results indicated a "strong beat".
Tesco's market share drops as shoppers cut back further
Tuesday 31 Jan 2012
A fall in sales at supermarket giant Tesco has seen the company's market share fall below 30% for the first time in almost seven years, according to data unveiled on Tuesday.
UK mortgage lending at 2 year high, but below historical average -UPDATE
Tuesday 31 Jan 2012
Mortgage approvals rose to a 24-month high in December, according to the Bank of England, but experts were quick to point out lending remains historically low.
FTSE 250 movers: Ocado delivers in 2011, shares jump
Tuesday 31 Jan 2012
Groceries delivery firm Ocado rose strongly after saying its sales growth in 2011 outdid others in the sector, while top-line growth in 2012 should accelerate once its sorts out its capacity constraints. The group reported today that gross sales, which include revenue plus value added tax and marketing vouchers, rose 16.6% in the 52 weeks to November 27th to £642.8m from £551.1m the year before.
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