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  • Gold output surges at Petropavlovsk in 2011

    Wednesday 25 Jan 2012

    Petropavlovsk, the Russian gold miner, saw production over the whole of 2011 up by almost a quarter from 2010's levels.

  • United Tech sees earnings rise 10.5%

    Wednesday 25 Jan 2012

    US industrial technology firm United Technologies (UTC) has reported 10.5% earnings growth for the fourth quarter due to greater sales for its Otis elevators and at its airplane unit Hamilton Sundstrand.

  • London close: Banks fall after GDP data, markets await Fed

    Wednesday 25 Jan 2012

    UK GDP figures disappoint. Markets await FOMC statement and Bernanke.

  • Broker snap: Brokers divided over Britvic

    Wednesday 25 Jan 2012

    Britvic's first quarter trading statement seems to have pleased investors today with shares trading around 2% higher in mid-morning trade; but two brokers seem divided with Nomura staying a buyer and Collins Stewart maintaining its sell rating.

  • Broker snap: UBS cuts target for Glencore but stays optimistic

    Wednesday 25 Jan 2012

    UBS has cut its target price for commodities producer and marketer Glencore but has maintained its buy rating, saying it "still expects strong momentum into 2012".

  • Kazakhmys sees continued strong demand for copper

    Wednesday 25 Jan 2012

    Kazakhstan-based copper miner Kazakhmys met all of its major production targets in 2011, and expects to maintain similar levels of copper output in 2012. The group's sales contracts for the coming year have all been completed.

  • Both sides see progress in Greek talks

    Wednesday 25 Jan 2012

    -Both sides see progress in Greek PSI talks.

  • Milder December weather a boon to WH Smith

    Wednesday 25 Jan 2012

    Like-for-like (LFL) sales are still on the decline at newsagent WH Smith, but at least the rate of decline is easing as sales in the final month of 2011 were not hit by fierce weather conditions like they were in 2010.

  • Renishaw measuring strong revenues but weak profits

    Wednesday 25 Jan 2012

    Renishaw, the measurement and medical device manufacturer, saw revenues grow in the six months to the end of December but profits were significantly down on the same period of 2010.

  • Full year profit warning from Colefax

    Wednesday 25 Jan 2012

    Upmarket furnishing, fabrics and wallpapers designer Colefax warned this year's pre-tax profit will be significantly below current market expectations after a weak performance from its decorating division and a slower than expected recovery in its core US market.

  • Full year profit warning from Colefax

    Wednesday 25 Jan 2012

    Upmarket furnishing, fabrics and wallpapers designer Colefax warned this year's pre-tax profit will be significantly below current market expectations after a weak performance from its decorating division and a slower than expected recovery in its core US market.

  • FTSE 100 movers: Ashmore rises on Barclays upgrade

    Wednesday 25 Jan 2012

    Investment manager Ashmore was the best performer, rising over 5%, bouncing back after a poor performance yesterday on the back of a downgrade from Royal Bank of Scotland. Today, however, the stock was given a boost after Barclays upgraded it to overweight from neutral.

  • Broker snap: WH Smith's fair value, Peel Hunt keeps at hold

    Tuesday 24 Jan 2012

    Peel Hunt has maintained is hold rating on high street retailer WH Smith after Christmas trading was "in line with subdued like-for-like [LFL] expectations."

  • London pre-open: Stocks to rise on Apple results

    Tuesday 24 Jan 2012

    City sources predict the FTSE 100 will open up 15 points from yesterday's close of 5,752, boosted by an excellent quarterly report from technology giant Apple, announced after last night's trading close.

  • Sector movers: GKN drops on military spending concerns

    Tuesday 24 Jan 2012

    The automobiles and parts sector was the worst performer of the day, with sector giant GKN providing a drag in afternoon trading.

  • FTSE 250 movers: Chemring in bottom spot

    Tuesday 24 Jan 2012

    Military equipment maker Chemring was the biggest faller after saying that its traditional markets "will not be any easier this year". Investors seemed to focus more on what finnCap called a "lacklustre" outlook statement and less on the 25% rise in revenue and 6% improvement in underlying pre-tax profits.

  • FTSE 100 movers: Banks dip lower

    Tuesday 24 Jan 2012

    Banks were leading the way lower as investors felt the waves of worry over the ongoing Greek talks and the impact of the downgrades of three French banks. Lloyds became the biggest faller after losing more than 5%, closely followed by RBS and Barclays.

  • Petroplus prepares to file for insolvency, shares plunge 82%

    Tuesday 24 Jan 2012

    Swiss oil refiner Petroplus announced today that it is preparing to file for insolvency after being unable to reach an agreement with lenders.

  • FTSE 250 movers: Chemring in bottom spot

    Tuesday 24 Jan 2012

    Military equipment maker Chemring was the biggest faller after saying that its traditional markets "will not be any easier this year". Investors seemed to focus more on what finnCap called a "lacklustre" outlook statement and less on the 25% rise in revenue and 6% improvement in underlying pre-tax profits.

  • Commodities: Crude settles below $99 a barrel

    Tuesday 24 Jan 2012

    Crude oil futures closed Tuesday's session below $99 a barrel as the US said it would impose new sanctions on Iran over its alleged nuclear programme and as markets digested the European Union's decision to implement its own ban on Iranian imports from July.

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