Editor's Picks
US open: Economic data comes in lower than forecast
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.
Tuesday tips round-up: SThree, M&S, Ryanair
Tuesday 31 Jan 2012
The Times’s Tempus column weighs up recruitment firm SThree, which has had a pretty rough time as of late, falling 35% in the last 12 months.
ARM sees full-year revenues rise 21%
Tuesday 31 Jan 2012
Chip designer ARM Holdings saw full-year revenues rise 21% from £406.6m to £491.8m in the 12 months ended December 31st.
Tuesday newspaper round-up: Eurozone, US savings, pork,IPOs
Monday 30 Jan 2012
European leaders agreed on a permanent rescue fund for the Eurozone, and 25 out of 27 EU states backed a fiscal pact for stricter budget discipline in the Eurozone, while a deal on Greek debt is expected in "days". Only Britain and the Czech Republic refused to agree to the fiscal compact, due to be signed in March, that will impose quasi-automatic sanctions on countries that breach European
London close: Euro worries drag Footsie down 1.1%
Monday 30 Jan 2012
Just nine stocks in the FTSE 100 finished above water on Monday as the Eurozone crisis weighed heavily on sentiment. With the borrowing rate of Portuguese debt surging, Greek talks still unresolved and an EU summit taking place, a risk-off attitude swept across the market today with resource stocks and banks being sold off.
FTSE 100 movers: Banks and miners weigh footsie down
Monday 30 Jan 2012
The banks were in the red as the euro crisis drags on, with Lloyds, Standard Chartered and Royal Bank of Scotland (RBS) among the worst performers. Lloyds is rumoured to be shaking up its management structure, according to the Financial Times. Sources quoted by Reuters indicate that an announcement should be made in the next week or so.
London midday: Stocks fall ahead of EU summit
Monday 30 Jan 2012
London's blue chip index had fallen close to its lowest levels of the day by lunchtime ahead of the EU summit in Brussels. Meanwhile, markets were still digesting the downgrade of five Eurozone nations on Friday and the talks between the Greek government and private creditors that are still ongoing.
Small caps round-up: Aer Lingus, Gold Oil, IndigoVision...
Monday 30 Jan 2012
Airline Aer Lingus has confirmed that it is in talks with parties involved with the firm's pension scheme, which is said to be 400 million euros short, equivalent to $525m. The Irish Airlines Superannuation Scheme (IASS) is holding thetaljks with trade unions and Dublin Airport Authority and its union.
Broker snap: Nomura ups target for ARM, but sees no catalyst
Monday 30 Jan 2012
Nomura has raised its target price from 570p to 580p for chip designer ARM Holdings but maintained its neutral view of the stock, saying that while the fourth quarter is expected to be 'in-line', there is no real catalyst in the short-term.
Stelios attacks easyJet management yet again
Monday 30 Jan 2012
easyJet founder Sir Stelios Haji-Ioannou has opened a new front in his ongoing war with the airline, this time denouncing "fat cat bonuses" for its executives.
Commodities: Crude dips below $99
Monday 30 Jan 2012
Crude oil futures settled lower for the second consecutive session as progress on Greece debt talks made little progress and as Iran gave permission for the UN's chief nuclear inspector to start a three day visit to discuss the nation's nuclear programme.
FX round-up: Dollar, yen in demand as EU leaders meet
Monday 30 Jan 2012
The dollar firmed against major currencies on Monday, recouping some of the previous week's losses, as frustration over the lack of progress on Greek debt talks sapped buyer confidence.
London pre-open: FTSE down as Greek deal is a no show
Monday 30 Jan 2012
City sources predict the FTSE 100 will open down 30 points from yesterday's close of 5,734 after the weekend failed to bring news of a debt solution in Greece.
British Land's Broadgate project gets green light
Monday 30 Jan 2012
Real estate investment trust British Land said development of the 700,000 square foot building at 5 Broadgate, close to Liverpool Street station in the heart of London's financial district, can now go ahead, after the remaining outstanding conditions on the pre-let agreement with future tenant UBS were satisfied.
Mitie trading in line with expectations
Monday 30 Jan 2012
Outsourcing and energy services company Mitie said revenues and earnings had come in in line with expectations from 1 October 2011 to date.
Sunday share tips: Chime, 3i Infrastructure, Secure Trust
Friday 27 Jan 2012
"Another share that has caught my eye is Chime Communications, a media agency with interests in public relations, advertising and sports marketing. Whereas the company´s profits have grown steadily for several years, the share price is similar to where it stood in October 2009. This puts the shares on a projected price-to-earnings (p/e) ratio of 7 for 2012, versus an industry average of 9.4. A
US mid-morning: Stocks lower after GDP data, Ford tumbles
Friday 27 Jan 2012
US stocks opened lower on Friday morning the economy grew less than expected in the fourth quarter. Meanwhile, talks are still ongoing in Greece with private-sector holders of the nation's bonds reportedly now willing to accept a 70% haircut on its debt.
Richmond Fed president disagrees with Fed decision
Friday 27 Jan 2012
Federal Reserve Bank of Richmond PresidentJeffrey Lacker, the only member on the Federal Reserve's Open Market Committee (FOMC) that voted against Wednesday's Fed decision, explained his stance today.
Sunday newspaper round-up: Tesco, Royal Dutch, Boeing
Friday 27 Jan 2012
The richest college at the University of Cambridge, Trinity, has invested in the UK's largest retailer by acquiring a 50% stake in a portfolio of Tesco stores worth £440m. It is understood to be the first time the college has invested in supermarkets, although it has a property portfolio worth more than £800m. Trinity uses endowment funds to invest in property and provide extra income for
Monday newspaper round-up: RBS, mining companies, taxes
Friday 27 Jan 2012
The chief executive of Royal Bank of Scotland last night bowed to mounting public anger and agreed to give up a £1m bonus. Stephen Hester’s move emerged last night hours after it had been announced that Labour was to trigger a Commons vote on his controversial award. Ministers welcomed the decision, which may help contain the Coalition’s growing political embarrassment over executive pay at
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