Editor's Picks
FX round-up: Hope for Europe bolsters single currency
Tuesday 29 Nov 2011
Optimism that European leaders are stitching together a new pact to resolve the region's debt crisis fuelled demand for the euro on Monday.
Banks boosted lending in October but gloom remains - UPDATE
Tuesday 29 Nov 2011
Mortgage lending in October came in ahead of expectations as banks approved almost 53,000 new home loans, well above the six month average.
Bonds: rumour of Euro solution calms markets
Monday 28 Nov 2011
The Eurozone’s distressed economies appeared to mount a mini fightback on Monday as rumours of a solution to the region’s debt crisis swirled through markets. The aforementioned on the first day of a week which is expected to see heavy debt issuance and few redemptions.
Double deal for African Barrick Gold
Monday 28 Nov 2011
A round-up of the biggest director deals today so far.
Tuesday preview: Autumn statement, ITE, Topps Tiles
Monday 28 Nov 2011
The Chancellor of the Exchequer, George Osborne, makes his Autumn statement on Tuesday and, as usual, he will have had no shortage of lobbyists offering him advice on how to kick-start the UK economy and, while he is at it, get the Tories re-elected.
Delays rain down on Randgold
Monday 28 Nov 2011
Gold digger Randgold Resources had suffered a series of setbacks at its Tongon mine in Côte d'Ivoire which will have a negative impact on its production for the fourth quarter of this year.
Moody's: Rising Severity of the Sovereign Crisis Threatens EU Ratings
Monday 28 Nov 2011
Moody’s Investors Services issued a warning to the EU member states this morning that its sovereign ratings are at risk due to the “rising severity” of the Euro Zone crisis. “The continued rapid escalation of the euro area sovereign and banking credit crisis is threatening the credit standing of all European sovereigns,” the agency comments.
£200m lifeline for Thomas Cook
Monday 28 Nov 2011
Confirming the statement it made late on Friday, Thomas Cook said it has reached an agreement with its banking group to provide the company with a new lending facility.
FX round-up: Euro falls as talks disappoint
Monday 28 Nov 2011
The euro's early rally fizzled out on Friday as French, German and Italian leaders met in Strasbourg to discuss proposals to bolster fiscal ties in the euro zone.
Commodities: Crude ekes out gains
Monday 28 Nov 2011
Crude oil futures settled the day 0.6% higher, after a volatile session, as the stronger dollar and a weak performance among US stocks evaporated demand for oil.
Tuesday newspaper round-up: Virgin, new airport, Unilever
Friday 25 Nov 2011
George Osborne will raise hopes of a new multi-runway airport in the Thames Estuary today when he commits the Government to a global hub in the South East. The proposal, championed by Boris Johnson, the Mayor of London, and the architect Lord Foster of Thames Bank, will receive full consideration next year, the Chancellor will say, as he vows to lay the foundations for Britain’s future beyond the
Thomas Cook may get £100m backing from banks
Friday 25 Nov 2011
Potless package tour operator Thomas Cook is reportedly close to getting another dollop of cash to tide it over the bleak mid-winter period.
US open: Clouds lift over Wall Street
Friday 25 Nov 2011
In defiance of expectations, the US equity markets have opened higher, though whether anyone is around to notice on 'Black Friday' - traditionally the biggest shopping day of the year in the US - is open to question.
Europe Midday: Only slight falls in stocks despite debt woes
Friday 25 Nov 2011
The main European benchmarks are trading slightly down now (Euro Stoxx 50: 0.22%, Dax-30: 0.12%, Cac-40: 0.29%), following the very poor results seen in today´s 6 month Italian debt auction, which saw yields rise to a worryingly high 6.5%.
Sunday newspaper round-up: Strike, Rail fares, Thomas Cook
Friday 25 Nov 2011
“Lloyd’s Banking Group is steeling itself for a heavy loss as it prepares to offload a £1bn package of rotten property loans to private equity. On Wednesday, Lloyds will take final bids for Project Royal, a selection of loans made against unloved industrial sites and commercial buildings across Britain. The Cube, a distinctive block of flats and shops in Birmingham, is one of the better
US pre-open: Slight falls expected on day after Thanksgiving
Friday 25 Nov 2011
The main US equity benchmarks are being called to open down by 0.2% on average on a day which is almost devoid of news of any relevance Stateside. Investors will however be following reports on retail sales over the weekend to try and gauge consumer spending patterns heading into the all important Christmas holiday period.
Market overview: Footsie takes a dip
Friday 25 Nov 2011
0819: Footsie has forgotten where forward gear is, as it opens lower following yesterday's Strasbourg mini-summit meeting, which did not yield the outcome the markets were looking for. The markets had hoped the meeting would produce some kind of plan to reduce the pressure on bond debt yields but what it got, by and large, was the leaders of Germany, France and Italy reiterating well-rehearsed
Severn Trent's Services division still faces challenges
Friday 25 Nov 2011
Water firm Severn Trent has declared an interim dividend of 28.04p, up 7.7% on last year in line with its policy of increasing payments by three percentage points above retail price inflation.
US Close: Bounce in banks cut short after Eurozone news
Friday 25 Nov 2011
In defiance of expectations, the US equity markets opened higher but only to dash investors´ hopes at the close, with another finish in negative territory. Having said that, whether anyone was around to notice on 'Black Friday' - traditionally the biggest shopping day of the year in the US - is open to question.
Compass acquires South African cleaning company
Friday 25 Nov 2011
Contract caterer Compass is looking to clean up in South Africa after agreeing to acquire Supercare Services Group, a South African cleaning company.
You are here: news > editors picks
10 Lower Thames St,
London EC3R 6EN