Editor's Picks
Ebook boom at Harry Potter publisher Bloomsbury
Monday 16 Jan 2012
Harry Potter publisher Bloomsbury is coping with life after the finish of the wildly successful teen-aged wizard series, with demand for its electronic books (ebooks) growing especially fast.
London midday: Footsie flat as markets digest S&P move
Monday 16 Jan 2012
After a stint in the blue, and the red, the Footsie was trading flat by midday on Monday, as the markets digested the S&P move to downgrade nine Eurozone countries on Friday evening. Eyes are on France as the nation looks to issued €8.7bn in government debt today.
ITEM Club slashes UK GDP forecast, still sees recovery in 2013
Monday 16 Jan 2012
-Doubts are increasing about the ability of China and other emerging markets to drive the global recovery.
Müller scoops up Robert Wiseman
Monday 16 Jan 2012
Milk producer Robert Wiseman Dairies has agreed to a cash offer from European dairy giant Müller.
Broker snap: UBS upgrades Meggitt to neutral
Monday 16 Jan 2012
UBS has upgraded aerospace, defence and energy market engineer Meggitt from sell to neutral on the back of improving foreign exchange movements and a nascent business jet recovery in North America.
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.
Monday broker round-up
Monday 16 Jan 2012
Meggitt: UBS upgrades from sell to neutral, target upped from 330p to 365p.
London open: Footsie slips after S&P move, Carnival drops
Monday 16 Jan 2012
The Footsie slipped 0.2% in the opening minutes, following Friday's move by S&P to downgrade nine Eurozone nations. Meanwhile, cruise ship operator Carnival saw shares drop early on after releasing a statement relating to the grounding of a luxury liner off the Italian coast.
London open: Footsie slips after S&P move, Carnival drops
Monday 16 Jan 2012
The Footsie slipped 0.2% in the opening minutes, following Friday's move by S&P to downgrade nine Eurozone nations. Meanwhile, cruise ship operator Carnival saw shares drop early on after releasing a statement relating to the grounding of a luxury liner off the Italian coast.
Monday newspaper round-up: China, Peacocks, S&P
Friday 13 Jan 2012
China can maintain an annual growth rate of 8% for the next two decades, the World Bank has said, raising hopes that the powerhouse economy will help lead other countries back to growth. Justin Lin, the World Bank's chief economist used a wide-ranging speech in Beijing to issue the upbeat prognosis for the Chinese economy. Economists remain split over whether China can avoid a hard landing in the
Broker snap: Buy Rockhopper on Cairn takeover rumours
Friday 13 Jan 2012
Merchant Securities remains a buyer of oil and gas firm Rockhopper Exploration following speculation that sector peer Cairn Energy could launch a takeover bid.
FTSE 100 Movers: RBS in top spot for a second day running
Friday 13 Jan 2012
Royal Bank of Scotland (RBS) led the way higher on Friday morning, extending gains from yesterday, when the shares bounced after the lender revealed a massive shake-up to its investment banking and wholesale businesses, including a mass job cull of 3,500. Seymour Pierce fuelled gains after upgrading the stock from reduce to buy.
UK producer prices come in below forecasts for December -UPDATE
Friday 13 Jan 2012
The output price index for home sales of manufactured products fell by 0.2% on the month (4.8% on the year) during the month of December, according to the latest data out this morning from the Office for National Statistics (ONS).
Commodities: Crude oil below $100 a barrel
Friday 13 Jan 2012
Crude oil futures slipped under $100 a barrel on Friday after reports that France and Austria had lost their triple A credit rating.
Network Rail gigs for Balfour and Atkins
Friday 13 Jan 2012
Balfour Beatty, the international infrastructure group, said its 50/50 joint venture with Alstom, has been successful in the tendering process for the new signalling frameworks on behalf of Network Rail.
Friday newspaper round-up: UK recession, Gas, Tesco, LNG, Delta
Thursday 12 Jan 2012
On a black day for the UK High Street today, which saw Tesco issue a profit warning that sent its shares plummeting, fears grew that battened-down household spending could already be tipping the UK economy into recession. (…) Shares in Tesco plunged 15%, dragging down with it supermarket rivals Morrisons, J Sainsbury and Marks & Spencer. The dismal outlook was compounded by grim sales
Sector movers: Sharp fall for retailers, Tesco drops 15%
Thursday 12 Jan 2012
Food and drug retailers fell by an average 12% on Thursday as a number of trading updates and results failed to impress.
Carnival counts the cost of cruise ship crash -UPDATE
Thursday 12 Jan 2012
Carnival (CCL), the FTSE 100 company which owns the Costa Concordia, the cruise ship which grounded off the coast of Italy at the weekend, says the cost of not having the boat in service will be between $85m and $95m.
FX round-up: Dollar falls after Draghi's speech
Thursday 12 Jan 2012
The dollar fell further against the euro on Thursday evening, hitting its lowest level in a week.
Thursday broker round-up - UPDATE
Thursday 12 Jan 2012
Tesco: Nomura reiterates buy rating and 500p target; Panmure Gordon cuts target from 500p to 440p, buy rating unchanged.
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