Editor's Picks
FTSE 100 movers: Banks weighed down by ICB report
Monday 19 Dec 2011
The banks were among the worst performers of the day on Monday as they awaited a the government's response to proposed changes to the sector by the Independent Commission on Banking (ICB).
Commodities: Crude snaps losing streak, gold below $1,600
Monday 19 Dec 2011
Crude oil futures rose for the first time in four sessions on Monday as markets mulled news of Kim Jong-il’s death and as euro zone finance ministers discussed new ways to shore up debt markets.
London midday: Banks fall, Footsie flat
Monday 19 Dec 2011
The Footsie pared gains and was trading flat by midday with banking stocks providing a drag ahead of the government's response to Sir John Vickers' report into banking.
London midday: Banks fall, Footsie flat
Monday 19 Dec 2011
The Footsie pared gains and was trading flat by midday with banking stocks providing a drag ahead of the government's response to Sir John Vickers' report into banking.
Broker snap: Evolution ups forecasts for 888
Monday 19 Dec 2011
Evolution Securities has raised its forecasts for online gaming group 888 Holdings after the firm said it expects to beat earnings forecasts in 2011.
Bank of England says recovery slowed by worried households
Monday 19 Dec 2011
Britain’s recovery from the recession of 2009 has been slowed by falling consumption “reflecting the challenging environment facing households”.
Tough times continue at HMV
Monday 19 Dec 2011
Sales and profits continued to fall at HMV as the firm puts its faith in gadgetry to turn fortunes around.
UK consumer confidence moved higher in November
Monday 19 Dec 2011
The Nationwide consumer confidence index rose to the 40 point level in November, from 36 the month before.
Segro buys logistics business
Monday 19 Dec 2011
Industrial property company Segro said it is to buy 14 warehouse units and a one development site.
HICL buys 26 PFI/PPP projects
Monday 19 Dec 2011
Infrastructure investment firm HICL Infrastructure has acquired investments in 26 PFI/PPP (private finance initiative/public-private partnership) projects from two infrastructure funds managed by Barclays Infrastructure Funds Management Limited for around £143.4 m. All of the 26 projects are operational and, apart from two investments in The Republic of Ireland (the Cork School of Music and a
Rolls-Royce wins French nuclear power contract
Friday 16 Dec 2011
Rolls-Royce, the global power systems company, has won a €250m contract with nuclear power firm AREVA to supply safety instrumentation and control technologies and systems for the French nuclear reactor modernisation programme. The systems will be installed in the twenty-strong French fleet of 1300 MW nuclear reactors operated by Electricité de France (EDF).
UK house prices drop sharply in December
Friday 16 Dec 2011
UK home sellers in England and Wales cut their asking prices during the month of December by 2.7% on month, to 225.776 pounds, according to the latest data from Rightmove.
FTSE 250 movers: Sports Direct jumps, Shanks down after downgrade
Friday 16 Dec 2011
Sports clothing firm Sports Direct was the high riser of the day after announcing that it has withdrawn its offer for Blacks Leisure after the outdoor leisurewear and equipment chain put itself up for sale earlier this month. Sports Direct's decision to pull out of the transaction has, however, been greeted warmly by investors, perhaps betting it can now acquire Black's assets at bargain prices.
Ocado hit by capacity constraints at Hatfield depot
Friday 16 Dec 2011
Groceries delivery firm Ocado said gross sales in the year to the end of November were around £643m, up by around one-sixth on the £551.1m achieved last year. Earnings before interest, tax, depreciation and amortisation for the year is expected to be in the range of £27.5m to £28.5m, up from £22.0m. The group said it continued to operate under capacity constraints at its Hatfield distribution
Sector movers: Kazakhmys leads miners higher after securing funding
Friday 16 Dec 2011
The miners were the best performers on Friday afternoon, with stocks averaging gains of nearly 2% by 13:50.
Aggreko to beat expectatations
Friday 16 Dec 2011
Temporary power provider Aggreko said it has had a strong fourth quarter, with underlying revenues set to be up 22% on the final quarter of last year. Profit before Tax and amortisation for 2011 is expected to be around £324m. Market consensus for Aggreko's full-year profit before tax was £320m before this trading update.
Spirit Pub on track
Friday 16 Dec 2011
Shares in Spirit Pub Company rose after the firm announced that it is on track to meet full year expectations.
FTSE 250 movers: Sports Direct jumps, Shanks down after downgrade
Friday 16 Dec 2011
Sports clothing firm Sports Direct was the high riser of the day after announcing that it has withdrawn its offer for Blacks Leisure after the outdoor leisurewear and equipment chain put itself up for sale earlier this month. Sports Direct's decision to pull out of the transaction has, however, been greeted warmly by investors, perhaps betting it can now acquire Black's assets at bargain prices.
Baroin: It's better to be French than British
Friday 16 Dec 2011
Finance Minister Francois Baroin has declared that it's economically "better to be French than British", amid a surge of criticism on the UK economy from the French.
London midday: Footsie up 0.5% as miners rise
Friday 16 Dec 2011
The Footsie extended gains by midday, with miners leading the advance, despite some gloomy comments by leaders in the Eurozone. The blue chip index was trading just 27 points higher by lunchtime, up 0.5% at 5,427, while bourses in Europe edged lower.
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