Editor's Picks
Old Mutual to sell Skandia for £2.1bn
Thursday 15 Dec 2011
Old Mutual, the FTSE 100 savings and investment group is to sell its Nordic business Skandia AB for £2.1bn in an effort to “reduce complexity” and pay down debt.
Sport Direct sales rise 8.4% in first half, debt reduced
Thursday 15 Dec 2011
Sports Direct, the high street sports retailer, has seen group revenue rise 8.4% in the first half, helped by a strong second quarter and significant growth in online sales.
FSA’s Turner warns of Wall Street’s resistance to reform
Thursday 15 Dec 2011
In an interview with Prospect magazine Financial Services Authority chairman Adair Turner signalled his worry that the US financial industry is persuading lawmakers to row back a sweeping reform of Wall Street known as the Dodd-Frank Act, Reuters reports.
Weir completes Seaboard acquisition
Thursday 15 Dec 2011
The Weir Group, a FTSE 100 listed industrial engineer, has completed the acquisition of the wellhead solutions provider Seaboard Holdings for $675m.
London pre-open: Flat start expected after yesterday's sell-off
Thursday 15 Dec 2011
The FTSE 100 index is expected to open just a few points higher, following yesterday's mass sell-off which saw London's blue chip lose an average of 2.25% each.
Thursday newspaper round-up: China, UK recession, Vodafone, Admiral
Wednesday 14 Dec 2011
China's credit bubble has finally popped. The property market is swinging wildly from boom to bust, the cautionary exhibit of a BRIC's dream that is at last coming down to earth with a thud. It is hard to obtain good data in China, but something is wrong when the country's Homelink property website can report that new home prices in Beijing fell 35% in November from the month before. If this is
Thursday tips round-up: Super Group and Centrica
Wednesday 14 Dec 2011
The Telegraph’s Questor column looks at Centrica, the owners of British Gas.
FTSE 100 Movers: Miners drag index down
Wednesday 14 Dec 2011
Miners were among the worst performers. Dollar-denominated metals prices were on the decline as the greenback strengthened following the Federal Open Market Committee (FOMC) statement. Fresnillo, Rio Tinto, ENRC and Antofagasta were all registering steep falls.
FX round-up: Euro falls below $1.30 on debt woes
Wednesday 14 Dec 2011
The euro fell 1% to below $1.30 on Wednesday, for the first time in nearly a year, as renewed concern about the eurozone engulfed currency markets.
Wednesday broker round-up
Wednesday 14 Dec 2011
BG Group: Nomura keeps buy rating and 1,850p target.
Europe open: Weaker start today for risk assets
Tuesday 13 Dec 2011
The main European equity benchmarks are now registering slight falls (FTSE-100: -0.40%, Euro Stoxx 50: -0.57%, Dax-30: -0.12%, SMI: -0.13%), with market commentary ascribing the losses to a new batch of negative comments or policy statements out from authorities worldwide over the last 24 hours.
Worldlink demands £8m for patent breach
Tuesday 13 Dec 2011
Worldlink, which provides real-time financial data for mobile phones, said it had started legal action against a firm it says owes £8m for patent infringement.
Thursday preview: Sports Direct, Moss Bros, UK retail sales
Tuesday 13 Dec 2011
Retailers will be in focus on Thursday, with retail sales data for November due out at 9:30, and at least two High Street chains set to report.
Stocks trade up following debt auctions, then come off
Tuesday 13 Dec 2011
Equities traded up following the results of the latest debt auctions in Italy and Germany, but have since moved down a tad.
Broker snap: UBS warns of macro challenges for UK house-builders
Tuesday 13 Dec 2011
In its assessment of the UK house-building sector, UBS hails has warned that the upcoming year will be tough on stocks given the more challenging macro-economic outlook.
FTSE 100 Movers: Petrofac leads the way
Tuesday 13 Dec 2011
Oilfield services firm Petrofac soared into the top spot after announcing that it expects to deliver like-for-like (LFL) profit growth in 2011 of at least 20%, the company announced this morning.
Broker snap: Panmure upgrades Carpetright to hold
Tuesday 13 Dec 2011
Panmure Gordon has upgraded its rating on flooring specialist Carpetright from sell to hold following the recent slump in the stock which has seen its share price more than halve over the last 12 months.
Sirius' shares fall 7% after delay announced
Tuesday 13 Dec 2011
Shares in miner Sirius Minerals fell heavily today, despite the firm saying the quality of minerals found at its York Potash Plant had exceeded expectations.
Whitbread running out of steam
Tuesday 13 Dec 2011
Shares in Costa Coffee and Premier Inn owner Whitbread dived on news that like-for-like sales (LFL) growth has slowed.
Commodities: Oil slides 1.7%, gold at 7-week low
Tuesday 13 Dec 2011
Crude oil futures fell nearly 2% on Monday as investors were left unimpressed with measures announced at the end of the EU summit on Friday.
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