Editor's Picks
Thursday broker round-up
Thursday 12 Jan 2012
Tesco: Nomura reiterates buy rating and 500p target.
Commodities: Oil plunges below $100
Thursday 12 Jan 2012
There was a last minute fall for crude oil futures on Thursday evening, which saw the price for West Texas sweet light crude settle below $100 a barrel after a report said Europe will postpone an embargo on Iranian oil importation.
Profits in line at Bovis Homes
Thursday 12 Jan 2012
FTSE 250 house builder Bovis Homes says it expects pre-tax profits for the year ended 31 December 2011 to be in line with market consensus and says that it is well positioned to improve returns further in 2012 and beyond.
RBS to cut 3,500 jobs
Thursday 12 Jan 2012
As expected, part nationalised lender Royal Bank of Scotland (RBS) has revealed a massive shake-up to its investment banking and wholesale businesses, including a mass employment reduction of 3,500.
Thursday newspaper round-up: ECJ, Italian debt, IAG, China
Wednesday 11 Jan 2012
A leaked draft of the Eurozone’s new treaty shows that members will have to commit to keeping their deficits below 0.5% of GDP or face the European Court of Justice (ECJ). But they will also be allowed to "temporarily deviate" from the rules "in case of an usual event" or in "periods of severe economic downturn." The role of the ECJ has also been weakened in the draft. Rather than having the
FTSE 250 Movers: Fenner leads the way higher
Wednesday 11 Jan 2012
Leaping into the top spot was Fenner, the polymers company, which has gained 4.5% after announcing that first quarter profitability is significantly better than the comparable period of 2010.
Cape confident in the year ahead
Wednesday 11 Jan 2012
Industrial services provider Cape has given a confident year-end trading update, saying that the strong revenue growth seen in the third quarter continued through to the end of the year, with higher levels of activity being seen across the majority of its geographies.
US pre-open: Europe to cast a shadow
Wednesday 11 Jan 2012
US stocks are set to open easier on balance ahead of the release of the Federal Reserve's Beige Book, the central bank's survey of economic conditions.
London midday: Stocks retreat, Unilever drops after downgrade
Wednesday 11 Jan 2012
After trading within a narrow 20-point range for most of the morning, it seems if the Footsie has found its direction, dropping around 40 points by midday, with Eurozone concerns once again in the spotlight.
UK overseas trade deficit worsened slightly in November
Wednesday 11 Jan 2012
The United Kingdom’s trade deficit with non-EU countries increased to £4.7bn during the month of November, according to the latest data out from the Office for National Statistics (ONS).
Broker snap: Confidence in SuperGroup still low, says Collins Stewart
Wednesday 11 Jan 2012
Collins Stewart has reiterated its sell rating on trendy fashion chain SuperGroup despite the firm's Christmas trading update being well-received by the market this morning.
Greece can’t convince private investors to make more concessions
Wednesday 11 Jan 2012
Negotiations between Greece and its private sector creditors are not progressing adequately, according to a report from Reuters which cites senior European bankers and IMF sources. According to the latter private bondholders are unwilling to make more concessions which could mean that Eurozone governments will have to increase their own contribution to the bailout package.
Broker snap: Sainsbury still a hold, says Panmure
Wednesday 11 Jan 2012
Panmure Gordon has retained its hold recommendation on supermarket giant Sainsbury but has highlighted some positive takeaways from the firm's upbeat Christmas trading update today.
Wednesday broker round-up
Wednesday 11 Jan 2012
AMEC: Nomura maintains buy rating and 1,130p target.
RBS may be preparing another round of cuts at Ulster Bank
Wednesday 11 Jan 2012
Royal Bank of Scotland Group’s (RBS) Irish unit is preparing its second round of job cuts in four years as part of an effort to save about €50m ($63.9m), according to two people with knowledge of the plan, Bloomberg News reports.
Growth speeds back up at Moneysupermarket
Wednesday 11 Jan 2012
Moneysupermarket.com was able to accelerate revenue growth in the fourth quarter with the board now expecting year-on-year sales to rise by 20%.
Chinese December CPI comes in slightly above forecasts
Wednesday 11 Jan 2012
China’s consumer price index (CPI) for the month of December rose at a 4.1% on year pace, according to the latest data out today from the country’s National Bureau of Statistics.
Wednesday tips round-up: WS Atkins and Centamin Egypt
Wednesday 11 Jan 2012
Engineering consultancy WS Atkins is flush from winning a £70m contract to help Qatar develop its transport and infrastructure, The Times's Tempus column notes.
Best Christmas ever for Sainsbury
Tuesday 10 Jan 2012
Supermarket chain Sainsbury was widely expected to have had the best Christmas of the major UK players, and it appears to have set a high benchmark with a record-breaking festive performance.
AMEC extends National Grid power line contract
Tuesday 10 Jan 2012
AMEC's five-year Electricity Alliance West contract with National Grid has been extended by a further five years, the company announced today.
You are here: news > editors picks
10 Lower Thames St,
London EC3R 6EN