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  • London close: Footsie hits nine-day high after economic data

    Thursday 22 Dec 2011

    The Footsie held on to gains by the close, helped by some helpful economic data at home and abroad. It seems as if the ‘Santa rally’ that many had put on their Christmas lists has finally started to bear fruit with London’s blue chip index finished at the highest level since last Tuesday.

  • FTSE 100 Movers: GDP data boosts Lloyds into top spot

    Thursday 22 Dec 2011

    Better-than-expected GDP data helped to boost financials into the top ten. Lloyds led the way, followed closely by RBS and Old Mutual as stocks rallied on news that the UK gross domestic product (GDP) grew by 0.6% in the third quarter in volume terms versus the previous three months, according to the latest data released this morning by the Office for National Statistics (ONS). Market consensus

  • UK current account deficit at highest since 1990, weighs on growth

    Thursday 22 Dec 2011

    The United Kingdom´s current account deficit for the third quarter of 2011 has come in at £15.2bn, the highest on record, according to the latest data available from the Office for National Statistics (ONS).

  • Monti's austerity undergoes final confidence vote

    Thursday 22 Dec 2011

    Italian Prime Minister Mario Monti's austerity measures will undergo a final confidence vote later today.

  • US midday: Strong gains in US stocks

    Thursday 22 Dec 2011

    DJI: +0.53% to 12,171

  • UK GDP grew 0.6% in quarter three, with large contribution from inventories

    Thursday 22 Dec 2011

    The United Kingdom´s gross domestic product (GDP) grew by 0.6% in the third quarter in volume terms versus the previous three months, according to the latest data released this morning by the Office for National Statistics (ONS).

  • Broker snap: Investec downgrades European Goldfields after $2.5bn offer

    Thursday 22 Dec 2011

    Investec has downgraded AIM-listed miner European Goldfields (EGU) from buy to hold, saying that the current pricing reflects Eldorado's offer.

  • Thursday broker round-up

    Thursday 22 Dec 2011

    Centrica: Investec reiterates buy recommendation and 423p target.

  • Cash generation picking up speed at Empyrean

    Thursday 22 Dec 2011

    Oil and gas firm Empyrean Energy is few people's idea of a cash-generating machine but the AIM-listed tiddler's revenue continues to remain on an impressively upward trajectory.

  • London midday: Stocks higher after GDP data

    Thursday 22 Dec 2011

    Gains were bolstered by midday on the FTSE 100 with some better-than-expected GDP data helping to boost sentiment. Financials were among the high risers of the day, with Schroders, Lloyds, RBS and Old Mutual among the best performers.

  • FTSE 250 Movers: Retailers boosted by Credit Suisse forecast

    Thursday 22 Dec 2011

    Ocado and Carpetright were in the top spots after Credit Suisse reassessed its forecasts across the European General Retail sector ahead of the January 2012 trading statement season.

  • US close: Late jump but stocks finish mixed

    Wednesday 21 Dec 2011

    DOW: +4 at 12,108

  • IAG lands bmi

    Wednesday 21 Dec 2011

    International Airlines Group (IAG) has managed to land the British Midland airline after protracted negotiations with current owner, Deutsche Lufthansa.

  • Thursday newspaper round-up: Deficit, Pensions, Solar

    Wednesday 21 Dec 2011

    George Osborne was given a boost yesterday after public sector borrowing fell by more than expected last month on the back of the bank levy and the 20% VAT rate. The Office for National Statistics said that public sector net borrowing had fallen to £18.1bn, compared with £20.5bn in November last year. Analysts had expected a figure of £19.7 bn. However, Olivier Blanchard, the chief economist of

  • Broker snap: Thorntons' dividend at risk after profit warning

    Wednesday 21 Dec 2011

    Shares in high street chocolate chain Thorntons plummeted on Wednesday following the group's full-year profit warning. Things were not helped by a number of downbeat broker comments early on.

  • Wednesday broker round-up

    Wednesday 21 Dec 2011

    HSBC: Investec reiterates buy with 800p target.

  • MPC votes unanimously to do nothing

    Wednesday 21 Dec 2011

    The Bank of England's Monetary Policy Committee (MPC) voted 9-0 to keep interest rates at record lows at its December meeting.

  • Demand for new ECB loans smashes expectations

    Wednesday 21 Dec 2011

    European banks have asked to borrow €489bn from the European Central Bank’s new three-year loan facility.

  • London midday: Footsie laid low by Unicredit and rumours of French downgrade?

    Wednesday 21 Dec 2011

    The banks were providing a lift at midday, but the Footsie was registering only slight gains with trading likely to be light just a few days before Christmas. Hopes of a ‘Santa rally’ seem to have been dampened towards midday by the suspension from trading of shares of Unicredit 'limit-down'. They have since resumed trading and appear to have stabilised a bit, allowing the London equity benchmark to bounce back into the blue, even if only just. The are also said to be rumours of a French downgrade making the rounds. Worth noting, the top share index is still trading under levels seen earlier this month.

  • Wednesday tips round-up: Smith & Nephew, AstraZeneca

    Wednesday 21 Dec 2011

    The Times’s Tempus column looks at medical supplies firm Smith and Nephew which was once a perennial takeover target.

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