Editor's Picks
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.
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.
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.
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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