Editor's Picks
FX round-up: Euro jumps to six-week high against dollar
Friday 27 Jan 2012
The dollar weakened against major currencies on Friday as data showed the US economy grew at a slower than expected rate in the fourth quarter.
London midday: Losses pared on talks of progress in Greece
Friday 27 Jan 2012
Gains pared by midday. Talks of progress in Greece. BP falls after Transocean spat.
Capita buys specialist insurance business
Friday 27 Jan 2012
Outsourcing specialist Capita has acquired Fish Administration from private equity firm Inflexion.
Spanish unemployment tops five million
Friday 27 Jan 2012
The fourth quarter unemployment rate rose to 22.85% from 21.52% in Spain according to the Economically Active Population Survey realized by the country’s national statistics office.
Busy end to 2011 for LSE, 2012 a bit quieter so far
Friday 27 Jan 2012
Bourses operator London Stock Exchange (LSE) finished 2011 with a flourish, with only the Capital Markets division failing to increase revenues from the year before.
Broker snap: Nomura wary of rising competition for Smith & Nephew
Friday 27 Jan 2012
Nomura has maintained its neutral rating on medical devices marker Smith & Nephew (S&N) after assessing the read-across from US sector peers in the orthopaedic industry.
African Barrick Gold raises resources estimates in Tanzania
Friday 27 Jan 2012
FTSE 250 gold miner African Barrick Gold (ABG) has hiked its previous resource estimate for the Tusker deposit at the Nyanzaga Project in Tanzania.
BP obliged to indemnify Transocean on some claims
Friday 27 Jan 2012
The dispute between integrated oil giant BP and oilfield services firm Transocean over the Gulf of Mexico oil rig tragedy rumbles on, after a US court ruling on Thursday offered judgements that both sides could claim as supporting their views.
US pre-open: Apple regains top spot in handset shipments
Friday 27 Jan 2012
The main US equity benchmarks are now being called to open 0.2% higher on average. That despite what looks like an initially somewhat negative reaction to results just out from the likes of Procter&Gamble, Honeywell and Ford.
BP obliged to indemnify Transocean on some claims
Friday 27 Jan 2012
The dispute between integrated oil giant BP and oilfield services firm Transocean over the Gulf of Mexico oil rig tragedy rumbles on, after a US court ruling on Thursday offered judgements that both sides could claim as supporting their views.
Busy end to 2011 for LSE, 2012 a bit quieter so far
Friday 27 Jan 2012
Bourses operator London Stock Exchange (LSE) finished 2011 with a flourish, with only the Capital Markets division failing to increase revenues from the year before.
Davos World Economic Forum, Day 3: Geithner, Draghi, and Roubini
Friday 27 Jan 2012
Today, Friday, is the third day of the Davos World Economic Forum. Some big names will make appearances today, such as European Central Bank (ECB) president Mario Draghi, US Treasury Secretary Timothy Geithner, and New York University professor Nouriel Roubini-
BP asks Transocean: Now will you pay?
Thursday 26 Jan 2012
Integrated oil giant BP has again called on US oil services company Transocean to put its hand in its pocket to pay its share of the clean-up costs for the Macondo oil spill after a US court ruling on Thursday relating to the Deepwater Horizon tragedy.
FTSE 100 movers: Kazakhmys leads miners higher
Thursday 26 Jan 2012
With the Federal Reserve pledging to do its best to strengthen the US economy last night, the dollar weakened against the euro, sending metals prices higher. As such, the miners were dominating the risers on Thursday afternoon.
London midday: Miners gain after Fed, Polymetal rises on merger rumours
Thursday 26 Jan 2012
Miners surge as Fed pledges low rates. IIF willing to accept coupon rate of below 4%. Ireland returns to international bond markets.
Europe open: Some investors are now worrying over Portugal
Thursday 26 Jan 2012
-IIF’s Dallara says “some progress” made last night on Greece.
Commodities: Crude falls in late trading, gold soars
Thursday 26 Jan 2012
The continued threats from Iran to stop selling oil to the European Union sent oil prices temporarily above $101 a barrel on Thursday, although the commodity eventually settled to end the day below the $100 mark.
Misys preparing to tighten belt as customers dither
Thursday 26 Jan 2012
Misys's customers in Western Europe are dithering over purchasing decisions but the financial software provider is winning plenty of orders from other regions.
Serco wins £55m MoD contract
Wednesday 25 Jan 2012
Public sector services group Serco has signed a contract with the UK Ministry of Defence (MoD) to provide training and support to the British Army prior to deployment on operations around the world. The contract will begin in April 2012 and has a total value to Serco of £55m through to December 2014.
Thursday newspaper round-up: Portugal, Facebook, Taxes
Wednesday 25 Jan 2012
The threat posed to the British economy from the Eurozone crisis was underlined on Wednesday when Portugal saw its borrowing costs soar to a record high amid market fears that the bailed-out country will not be able to break free of its financial crisis in the near future. The yield, or interest rate, on three-year bonds reached 19.4%, while the rate on 10-year bonds was 14.6%, figures that
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