Editor's Picks
UK Construction PMI comes in slightly ahead of forecasts
Friday 02 Dec 2011
The Markit/CIPS purchasing managers’ index for the construction sector, in the month of November, fell to 52.3 points, from 53.9 in the previous month.
IMF set to cut global growth forecasts in January
Friday 02 Dec 2011
The International Monetary Fund (IMF) will probably be forced to cut growth forecasts in January due to the market turbulence and slower production caused by the European sovereign debt crisis, according to IMF spokesman Gerry Rice.
Fall in short-term funding costs behind euro debt rally?
Friday 02 Dec 2011
An interesting report today in Reuters explains how central bankers have been keeping track of events in short-term money markets throughout the last few months. As was to be expected, their concern grew as it became clear that banks worldwide were being forced to sell eurozone debt at a rapid pace and in a sort of downwards spiral so as to protect their balance sheets and capital levels.
Friday newspaper round-up; BoE, Lloyds, London house prices
Thursday 01 Dec 2011
Extraordinarily serious and threatening...perilous – these are not the sort of words a central banker normally uses, yet every time the Governor of the Bank of England, Sir Mervyn King, appears in public these days, he ramps up the language of crisis still further. Regrettably, he's only telling it as it is. We stand on the brink, apparently incapable of pulling back. Events on the Continent have
Sarkozy and Merkel prepare joint proposals for the EU summit
Thursday 01 Dec 2011
The French president Nicolas Sarkozy and the German Chancellor Angela Merkel plan to meet next Monday to prepare their game plan for the European Union summit on Friday, December 9th. In a press conference held yesterday, Sarkozy declared that the “crisis wasn’t over” and that it was necessary to “put an end to all doubts”.
FTSE 100 Movers: Resolution continues on the up
Thursday 01 Dec 2011
Resolution continued to rise following yesterday's news that the High Court has approved its scheme to transfer certain parts of its businesses to Friends Provident Life and Pensions Limited, the main UK life assurance company owned by the company's subsidiary, Friends Life Group.
Commodities: Falls seen across the board on a mixed bag of data
Thursday 01 Dec 2011
A mixed bag of data reports left commodities lower on Thursday, weakened by news of jobless claims in the US. Despite US manufacturing expanding, investors were clearly taking few chances ahead of employment figures due out today.
UK manufacturing contracts again in November - UPDATE
Thursday 01 Dec 2011
UK manufacturing output fell for the second month in a row in November, reaching its lowest levels since June 2009.
Europe close: stocks down as investors take profits
Thursday 01 Dec 2011
European markets closed down on Thursday afternoon as traders looked to take profits after the significant gains made yesterday.
Yahoo: The M&A rumours continue
Thursday 01 Dec 2011
Blackstone Group and Bain Capital are negotiating with Asian partners a bid for Yahoo that would value the company at approximately $25bn ($20 a share), according to sources cited by Reuters.
Broker snap: Bleak midwinter trading for retailers, predicts Investec
Thursday 01 Dec 2011
Investec has reiterated its underweight stance on the UK retail sector due to the cautious attitudes of cash-strapped consumers and ahead of an uncertain key trading period at Christmas
UK manufacturing contracts again in November - UPDATE
Thursday 01 Dec 2011
UK manufacturing output fell for the second month in a row in November, reaching its lowest levels since June 2009.
US close: Stocks mixed, markets awaits jobs report
Thursday 01 Dec 2011
US indices swung between gains and losses for most of the day Thursday, but finished broadly mixed following the largest three-day rally in over two and a half years. Markets are likely to be cautious ahead of a key jobs report due out tomorrow.
Brazil cuts key rate by 50bp again
Thursday 01 Dec 2011
The Central Bank of Brazil decided to lower its Selic rate by 50 basis points to 11.00% from 11.5%.
Broker snap: Investec keeps hold of Kingfisher
Thursday 01 Dec 2011
While B&Q and Screwfix owner Kingfisher reported third quarter profits ahead of Investec’s forecasts, the broker has reiterated its hold rating given the “undemanding valuation metrics”.
Morning broker round-up
Thursday 01 Dec 2011
Marks & Spencer: Investec downgrades from buy to hold.
UK manufacturing contracts again in November
Thursday 01 Dec 2011
UK manufacturing output fell for the second month in a row in November, reaching its lowest levels since June 2009.
Thursday tips round-up: Shaftesbury, Cineworld, Christmas shares
Thursday 01 Dec 2011
The Tempus column in The Times ponders which stocks would fit into a share portfolio consisting of stocks exposed to London and the South East only, and suggests that one would be Shaftesbury, the property company whose assets consist almost entirely of shops, restaurants and bars in the West End. Its full-year figures yesterday contained one startling table. Over the past five years, gross
Solid results seen at Spanish and French debt auctions
Thursday 01 Dec 2011
Today’s French and Spanish Treasury debt auctions have both seen solid demand, particularly France’s. Buyer interest appears to have been quite solid in fact (at least by recent standards); even if only after yesterday’s concerted actions by central banks worldwide.
London open: Equities becalmed
Thursday 01 Dec 2011
Footsie has been bobbing above and below the 5,500 level this morning as the market takes a pause for breath after yesterday's mad rush higher.
You are here: news > editors picks
10 Lower Thames St,
London EC3R 6EN