Editor's Picks
S&P warns of mass Eurozone downgrade
Tuesday 06 Dec 2011
Reports of a impending credit rating agency action on the Eurozone were confirmed last night as Standard & Poor’s (S&P) announced that it placed the rating of 15 of the area’s sovereigns on CreditWatch with a negative outlook.
FTSE 250 Movers: Electra soars on NAV rise
Tuesday 06 Dec 2011
Electra Private Equity, the investment trust that invests in private equity ventures, was the biggest riser after it saw an 8.5% rise in net asset value (NAV) per share after a strong portfolio performance during the year ended 30 September.
London pre-open: Stocks seen lower as S&P spreads fear
Tuesday 06 Dec 2011
UK stocks are set for a sharp fall on Tuesday morning, according to city sources, tracking Asian indices lower as a warning from Standard & Poor's rattled sentiment overnight.
Tuesday tips round-up: Lonmin and Vodafone
Tuesday 06 Dec 2011
"Investors were rightly cheered by Lonmin's announcement of a pay and benefit agreement with its staff yesterday," writes the Investments column in the Independent. However, the paper notes that Lonmin's shares haven't performed well this year, partly because platinum prices have dropped 12% in the year-to-date. "At the same time, Lonmin has been hit by the broader resources boom in South Africa,
S&P could place France and Germany on ratings watch negative tonight
Monday 05 Dec 2011
Ratings agency Standard and Poor’s (S&P) may warn Germany and the five other triple A members of the eurozone (France, the Netherlands, Austria, Finland, and Luxembourg) that they risk having their top-notch ratings downgraded as a result of deepening economic and political turmoil in the single currency bloc, The Financial Times reports.
Tuesday newspaper round-up: Iran, FTSE 100, Bonus schemes
Monday 05 Dec 2011
An order from Gen Mohammed Ali Jaafari, the commander of the guards, raised the operational readiness status of the country’s forces, initiating preparations for potential external strikes and covert attacks. Western intelligence officials said the Islamic Republic had initiated plans to disperse long-range missiles, high explosives, artillery and guards units to key defensive positions. (…)
Europe close: Euro debt storm calms, stocks rise
Monday 05 Dec 2011
Europe’s major stockmarkets have all traded up through Monday as the perception of a euro cataclysm appears to be receding.
Commodities: Crude's rally runs out of steam
Monday 05 Dec 2011
Crude oil futures cruised past $102 a barrel on Monday, but later lost momentum, after reports of a possible downgrade of European sovereign debt.
FX round-up: Ratings warning hurts euro
Monday 05 Dec 2011
The euro lost its grip on earlier gains after a report said Standard & Poor’s may warn six AAA rated members of the euro zone that their credit ratings may be cut.
Europe close: Euro debt storm calms, stocks rise
Monday 05 Dec 2011
Europe’s major stockmarkets have all traded up through Monday as the perception of a euro cataclysm appears to be receding.
London close: Gains pared after 'Merkozy' meeting
Monday 05 Dec 2011
Gains for the FTSE 100 were trimmed late on after earlier optimism surrounding the key Franco-German meeting faded, but the index still finished modestly higher, up 0.28%. Investors will likely be cautious ahead of a pivotal EU summit to take place on Friday.
Monday broker round-up - UPDATE
Monday 05 Dec 2011
Kingfisher: Credit Suisse raises price target to 310p from 295p, outperform rating kept.
US open: Stocks up after 'Merkozy' comments
Monday 05 Dec 2011
US stocks made solid gains from the off as details emerged of the Franco-German meeting in Paris today. The Dow was gaining 144 early on to reach 12,163, the Nasdaq rose 39 to 2,666, while the S&P 500 was 19 higher at 1,264.
Broker tips: TUI Travel, Michael Page, ASOS
Monday 05 Dec 2011
Despite hitting an intraday high of 185.57p in the opening minutes, gains for TUI Travel have been pared in morning trade. Evolution Securities has released its analysis of the travel company's full-year results, in which it maintained its sell rating.
Broker snap: Investec still positive for Michael Page despite profit warning
Monday 05 Dec 2011
Investec has maintained its buy rating on recruitment firm Michael Page International, despite the group confirming a slow-down in profit growth across the board.
Monday broker round-up
Monday 05 Dec 2011
Vodafone: Investec reiterates buy rating and 230p target.
Sarkozy says European Court of Justice will have a say
Monday 05 Dec 2011
Speaking after this afternoon’s meeting with the German chancellor, the French President, Nicholas Sarkozy, has stated that the European Court of Justice will have a say when countries break the legally established limit for public debt of 3% of GDP.
Michael Page issues profit warning
Monday 05 Dec 2011
Michael Page International (MPI), the FTSE 250 recruitment firm, has issued a profit warning for the fourth quarter claiming the Eurozone crisis has “reduced client and candidate confidence”.
Exillon finds oil in Timan-Pechora
Monday 05 Dec 2011
Russia-focused oil producer Exillon Energy has found oil from well 76 on the ETP III field, the first well to be drilled in the Timan-Pechora region in two years.
Italy announces spending cut proposal worth €12bn, yields fall
Monday 05 Dec 2011
The Italian Prime Minister Mario Monti announced yesterday that his government has approved a new package of austerity measures through 2014 worth €24bn. The plan includes more than €12bn euros in spending cuts.
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