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  • Test results de-risk Cove's Mozambique's resource estimates

    Tuesday 17 Jan 2012

    Cove Energy, the east Africa-focused oil and gas company that recently put itself up for sale, said the Lagosta 2 appraisal well off the coast of Mozambique has shown the thickest gas pay to date of its current drilling campaign.

  • UK Inflation falls to 4.2% in December

    Tuesday 17 Jan 2012

    Prices rose at a rate of 4.2% last month, down from 4.8% in November and the largest fall between two months since April 2009.

  • Greece and private bondholders come back to the table

    Tuesday 17 Jan 2012

    Greece returns to the headlines and, yet again, there’s talk of the bailed-out country being “close” to an agreement with private bondholders. This time it’s Bloomberg citing the chief executive of Marathon Asset Management, a hedge fund on the committee of 32 private creditors involved in the negotiations.

  • Burberry sees slowdown in third quarter

    Tuesday 17 Jan 2012

    Iconic British luxury brand Burberry was out of favour on Tuesday morning after seeing revenue growth slow down in the third quarter.

  • UK price rises continue to slow - Alert

    Tuesday 17 Jan 2012

    The Consumer Prices Index, the government's preferred measure of inflation, was 4.2% in December, down from 4.8% in November; the largest fall between 2 months since Dec 2008.

  • Europe open: Stocks rise at the start, EFSF auction eyed

    Tuesday 17 Jan 2012

    -Spanish and Greek bill auction results awaited this morning.

  • Wednesday preview: Man and Wetherspoon

    Tuesday 17 Jan 2012

    Pubs group JD Wetherspoon gives an update on Wednesday for the second quarter of its financial year, which will cover the hyper-busy Christmas and New year trading period.

  • WPP buys Chinese social media agency

    Tuesday 17 Jan 2012

    Acquisitive advertising conglomerate WPP is to acquire CIC, a social media research and consulting agency in China.

  • Burberry sees slowdown in third quarter

    Tuesday 17 Jan 2012

    Iconic British luxury brand Burberry has reported a 21% underlying growth in total revenue in the three months to December 31st (fiscal third quarter), a significant slowdown from the 30% underlying growth seen in the first half.

  • RBS Announces Sale of RBS Aviation Capital

    Monday 16 Jan 2012

    Nationalised lender Royal Bank of Scotland (RBS) is to sell its aviation capital business to Sumitomo Mitsui Banking for around $7.3bn (£4.7bn). Future order commitments of $3.7bn (£2.4bn) will transfer with the business. The risk weighted assets associated with the Aviation Capital business are $2.5bn, (£1.6bn), the company said.

  • Tuesday newspaper round-up: UK construction, Peacock, RBS

    Monday 16 Jan 2012

    Confidence within the UK’s construction industry has “collapsed” with just 5% of small businesses operating in the sector expecting their workloads to increase this year, according to a new report. The Federation of Master Builders’ “state of trade survey” found workloads have fallen in each of the past 16 quarters and confidence in the repair, maintenance and improvement (RM&I) market is

  • Intermediate Capital seeing European banks "retrench"

    Monday 16 Jan 2012

    Intermediate Capital (ICP), the specialist investment firm with €12bn under management, says it saw depressed levels of private equity activity in Europe in the final quarter of 2011.

  • Bonds: France lives to fight another day

    Monday 16 Jan 2012

    International bond markets were dominated by the successful sale of French short term debt this morning despite the country’s ratings downgrade on Friday. These were the yields and movements on some of the most watched 10 year bonds:

  • FTSE 250 movers: Inmarsat plummets on LightSquared issues

    Monday 16 Jan 2012

    Satellite group Inmarsat headed the fallers on the FTSE 250 on Monday after a government agency highlighted potential GPS-interference issues in its partner’s (LightSquared) high-speed wireless network in the US.

  • FTSE 100 movers: Carnival falls after cruise ship crash

    Monday 16 Jan 2012

    Big news on the FTSE 100 today was cruise operator Carnival, which fell 17% after one of its ships grounded off the coast of Italy at the weekend. The company said that the cost of not having the Costa Concordia in service will be between $85m and $95m. The stock was not helped by a downgrade from Morgan Stanley.

  • France's AAA rating at risk if debt-to-GDP continues to rise, says Moody's

    Monday 16 Jan 2012

    Credit rating agency Moody's announced that its "AAA" for France, which currently holds a stable outlook, will be at risk if the country's debt-to-gross domestic product (GDP) does not stabilise at sustainable levels.

  • Broker tips: Carnival, Meggitt, Rockhopper

    Monday 16 Jan 2012

    Credit Suisse has reassessed its view on cruise ship operator Carnival following the news that one of its luxury liners grounded off the coast of Italy at the weekend.

  • Policy makers rush to downplay S&P downgrades

    Monday 16 Jan 2012

    After ratings agency Standard & Poor’s (S&P) cut the ratings of nine European nations while stripping both France and Austria of their coveted triple-A rating, old world policy makers have been quick in their moves to calm the credit markets.

  • Commodities: Crude hovers below $100 a barrel

    Monday 16 Jan 2012

    Oil prices rose on Monday in electronic trading as concern about supply pressures from Iran and Nigeria drove modest demand.

  • Lloyds injects €80m into Spanish subsidiary

    Monday 16 Jan 2012

    British banking giant Lloyds has injected €80m into its Spanish subsidiary in order to strengthen its solvency, reports Spanish daily Cinco Dias.

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