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  • Afren to ramp up production in 2012 after strong fourth quarter

    Monday 23 Jan 2012

    Oil firm Afren said production increased sharply in the fourth quarter, with the exit rate hitting 53,200 barrels of oil equivalents per day (bopped), well above the 2011 net working interest average of 19,200boepd.

  • Monday newspaper round-up: Iran, Tesco, boardroom pay

    Friday 20 Jan 2012

    Britain, America and France delivered a pointed signal to Iran, sending six warships led by a 100,000 ton aircraft carrier through the highly sensitive waters of the Strait of Hormuz. This deployment defied explicit Iranian threats to close the waterway. It coincided with an escalation in the West's confrontation with Iran over the country's nuclear ambitions. European Union foreign ministers are

  • FTSE 250 movers: Kentz Corp drops after CEO change

    Friday 20 Jan 2012

    Engineering and construction group Kentz Corporation became the third biggest faller despite revealing that revenues and profits were "marginally" ahead of consensus expectations in 2011.

  • IAG's Iberia Express will be ready for takeoff in March

    Friday 20 Jan 2012

    International Consolidated Airline Group (IAG) said the first flight of its new low cost airline, Iberia Express, will take off on March 25.

  • London midday: Footsie unchanged, RBS leads risers

    Friday 20 Jan 2012

    - Greek talks still in progress - RBS taps ECB emergency facility - Vodafone up on Indian tax ruling

  • FTSE 100 movers: RBS up on news of ECB loan

    Friday 20 Jan 2012

    Shares in RBS rose on news the part-nationalised lender, which is 84% owned by taxpayers, last month borrowed emergency funds offered by the European Central Bank through its long-term refinancing operations (LTRO). It means that the lender can avoid the need to sell-off assets to meet heightened short-term obligations.

  • Friday tips round-up: AB Foods and Cluff Gold

    Friday 20 Jan 2012

    The Tempus column in the Times leads with Associated British Foods (ABF), the owner of the Primark chain of discount shops and also a major sugar producer.

  • BoE’s Broadbent waves off concerns over speed of asset purchases

    Friday 20 Jan 2012

    The Bank of England’s (BoE) Michael Broadbent has indicated today that the UK economy’s degree of spare capacity is growing, while at the same time apparently waving off some of his peers’ concerns as regards the speed of the Bank’s asset repurchase programme, Market News International (MNI) reports.

  • US open: Stocks rise, with S&P nearing resistance

    Friday 20 Jan 2012

    -Economists at Goldman Sachs think US data may overstate recovery in growth.

  • Revenues and profit to beat forecasts at Kentz

    Friday 20 Jan 2012

    Engineering and construction group Kentz Corporation has revealed that revenues and profits were "marginally" ahead of consensus expectations in 2011, while it achieved a record backlog of $2.4bn at the end of the year, a 50% increase on December 2010. Meanwhile, the firm announced that Chief Operating Officer Christian Brown will succeed Chief Executive Hugh O'Donnell at the start of February.

  • FX round-up: Euro breaks $1.30

    Thursday 19 Jan 2012

    The euro rose above $1.30 despite ongoing uncertainty over Greece reaching a deal with its creditors.

  • Economists now see UK inflation falling a tad quicker

    Thursday 19 Jan 2012

    Economists have slightly refined their forecasts for the United Kingdom’s economic performance in 2012.

  • London pre-open: FTSE 100 holding on to yesterday's gains

    Thursday 19 Jan 2012

    City sources predict the FTSE 100 will open up 4 points from yesterday's close of 5,741, holding on to yesterday's last minute gains which came after investors got a boost on news of better-than-expected economic data from the US, talks of progress between the Greek government and private creditors, and strong demand in Spanish and French auctions.

  • FTSE 250 movers: Dixons soars and Kesa dives

    Thursday 19 Jan 2012

    As Comet-owner Kesa plummeted into the bottom spot on further news of on-going struggles, shares in rival company Dixons soared into pole position.

  • US pre-open: Morgan Stanley and Bank of America snap higher

    Thursday 19 Jan 2012

    The main US equity benchmarks are being called to open 0.5% higher today, on the back of sharp gains, of over 6%, in shares of Bank of America and Morgan Stanley following their latest quarterly results.

  • Ocado CFO off to Michael Page

    Thursday 19 Jan 2012

    There is to be a small shake-up at the top at groceries deliverer Ocado after the group's Chief Financial Officer, Andrew Bracey, announced his intention to turn over a new leaf at Michael Page, the recruitment firm.

  • Broker tips: Pearson, KESA, ASOS

    Thursday 19 Jan 2012

    Nomura has maintained its reduce rating and 1,130p target price on Pearson, despite the publishing giant raising earnings guidance on Thursday.

  • Broker snap: KESA's Darty under pressure, says Investec

    Thursday 19 Jan 2012

    Investec says that the third quarter performance from Darty, KESA Electricals' key profit earner, was weaker than expected and has put pressure on the broker's forecasts, which are now placed under review.

  • FDA wants more data from AstraZeneca on diabetes drug

    Thursday 19 Jan 2012

    AstraZeneca says the US Food and Drug Administration (FDA) wants more clinical data on its dapagliflozin treatment for type 2 diabetes in adults.

  • FTSE 100 movers: Banks move higher

    Thursday 19 Jan 2012

    Bankings stocks were providing a lift at midday with Barclays, RBS, Lloyds and HSBC all among the best performers, aided by euro optimism which has given a boost to sentiment.

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