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  • Wednesday newspaper round-up: RBS, Labour, Gilts, BoE

    Tuesday 10 Jan 2012

    The Royal Bank of Scotland executive charged with ensuring the Edinburgh bank has enough money to back its loans has warned the banking sector faces a funding gap but is "confident" RBS can meet its needs. Group treasurer John Cummins said short-term funding requirements are banks' "Achilles heel" as concerns about the Eurozone sovereign debt crisis have caused investors to shy away from bank

  • FTSE 100 Movers: Miners lead index higher

    Tuesday 10 Jan 2012

    Miners were leading the rise on Tuesday, with Vedanta Resources, Kazakhmys and Antofagasta gaining ground after some positive economic data from China boosted sentiment. China's trade balance widened from $145.3bn to $165.2bn in December and while import growth on the whole had slowed, imports for copper and aluminium accelerated.

  • FTSE 250 movers: Debenhams in top spot

    Tuesday 10 Jan 2012

    Debenhams raced into pole position after its Christmas trading statement showed a better-than-expected like-for-like (LFL) sales performance in the 18 weeks to January 7th. Shares jumped over 11% after LFL sales (excluding VAT) came in flat, compared with expectations of a decline.

  • FTSE 100 Movers: Tesco on the bottom shelf

    Tuesday 10 Jan 2012

    Tesco's Christmas trading statement plunged the UK's leading supermarket chain into the bottom spot after reporting that its sales performance in the home market fell below expectations, prompting the company to advise full-year trading profit growth will be around the low end of the range of analysts' expectations.

  • US open: Stocks up before New Hampshire primaries

    Tuesday 10 Jan 2012

    The major market averages have opened comfortably higher on a bevy of factors, including positive underlying Chinese trade data and comments from Fitch on France’s debt rating.

  • Broker snap: Profit forecasts unchanged for M&S

    Tuesday 10 Jan 2012

    Panmure Gordon and Peel Hunt seem reasonably pleased with the latest statement from high street titan Marks & Spencer (M&S), but both brokers have maintained their hold ratings on the stock after leaving their profit forecasts unchanged.

  • Tuesday broker round-up

    Tuesday 10 Jan 2012

    Marks & Spencer: Panmure Gordon reiterates hold and 307p target; Peel Hunt maintains hold and 350p target.

  • Game warns of loan covenant troubles ahead

    Tuesday 10 Jan 2012

    The release of the next generation of games consoles cannot come soon enough for computer gaming specialist Game Group, which is struggling with some of its bank loan covenants after a tough Christmas trading period.

  • Commodities: Iran nerves keep crude at $102, gold rallies

    Tuesday 10 Jan 2012

    Crude oil futures settled above $102 a barrel on Tuesday as US equities made headway and anxiety about Iran's nuclear programme bubbled to the surface.

  • Centamin enjoys strong end to the year

    Tuesday 10 Jan 2012

    FTSE 250 gold miner Centamin produced 10% more gold in the fourth quarter from its flagship Sukari project in Egypt.

  • Ireland needs more assistance, Citi chief economist says

    Tuesday 10 Jan 2012

    Ireland needs further financial assistance on “non-market terms”, Citigroup chief economist, Willem Buiter, said yesterday at the Citigroup Global Research Day conference in Dublin.

  • Subdued confidence apparent in latest BRC retail sales data

    Tuesday 10 Jan 2012

    The British Retail Consortium (BRC) has today said that December retail sales rose by a stronger than expected rate of 2.2% on the year.

  • Fees climb 8% at Hays

    Tuesday 10 Jan 2012

    despite increasingly difficult market conditions and heightened global macro-economic uncertainty.

  • Diageo expands in fast-growing African market

    Tuesday 10 Jan 2012

    Drinks giant Diageo has stepped up its expansion in a high growth market with the $225m acquisition of African brewery Meta Abo Brewery.

  • Diageo expands in fast-growing African market

    Tuesday 10 Jan 2012

    Drinks giant Diageo has stepped up its expansion in a high growth market with the $225m acquisition of African brewery Meta Abo Brewery.

  • Diageo expands in fast-growing African market

    Tuesday 10 Jan 2012

    Drinks giant Diageo has stepped up its expansion in a high growth market with the $225m acquisition of African brewery Meta Abo Brewery.

  • M&S boosted by festive food sales

    Monday 09 Jan 2012

    Shares in retail giant Marks and Spencer rose more than 2.5% on Tuesday morning after the seller saw group sales, excluding value added tax (VAT), rise 2.4% from a year earlier in the final 13 weeks of 2011.

  • FTSE 100 Movers: InterContinental rises after upgrade

    Monday 09 Jan 2012

    InterContinental Hotels was rising after Deutsche Bank upgraded its rating from hold to buy.

  • Tuesday newspaper round-up: Greece, FTT, Detroit

    Monday 09 Jan 2012

    Angela Merkel has warned that German support for the financial transaction tax (FTT) is not guaranteed, in a move that could open up a rift with France just days before the next European summit. The German Chancellor said she supported French President Nicolas Sarkozy's demand to introduce the controversial tax but that her government was split. "We don't have an agreement on this within the

  • Tuesday tips round-up: Persimmon and EnQuest

    Monday 09 Jan 2012

    The Times’s Tempus column looks at house builder Persimmon. In its latest trading update the company said it expects a 50% increase in full year pre tax profits.

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