Editor's Picks
New finance director for Premier Foods
Friday 25 Nov 2011
Cash-strapped food manufacturer Premier Foods is to get a new chief financial officer. Mark Moran, previously finance director at Durex condoms maker SSL International, will replace Jim Smart early next month, though Smart will hang around for a month to enable a smooth hand-over.
London pre-open: Strasbourg hangover
Friday 25 Nov 2011
Residual disappointment with the outcome of yesterday's meeting of German, French and Italian leaders in Strasbourg is set to dampen sentiment at the outset, with City sources predicting the FTSE 100 will open down 21 points from yesterday's close of 5,128.
Friday preview: Fuller's seeks to raise the bar
Thursday 24 Nov 2011
Pubs owner and brewer Fuller, Smith and Turner is set to release interim figures on Friday and if the performance of rival Young’s is anything to go by, the company’s focus on London and the South-East should mean that the Chiswick-based firm’s shareholders will be able to raise a glass of London Pride to a resilient performance.
Friday newspaper round-up: Euro crisis and Marks and Spencer
Thursday 24 Nov 2011
The Telegraph leads with what one of its correspondents describes as the “eurogeddon”, the ongoing catastrophe of the eurozone’s debt crisis. The paper reports on yesterday’s meeting in Strasbourg between Germany, Italy and France, which markets had hoped would produce some kind of plan to reduce the pressure on debt yields. No such plan was forthcoming, with Germany refusing absolutely to allow
Heritage down on Ugandan ruling
Thursday 24 Nov 2011
Oil and gas firm Heritage Oil took a tumble on Thursday after a Ugandan tribunal ruled against it in its tax dispute with the Ugandan government.
Sector movers: Pharmaceuticals fall, GKN drives autos higher
Thursday 24 Nov 2011
Pharmaceutical companies, typically defensive stocks, were the worst performers of the day on Thursday.
Commodities: Crude hit by reduction in petroleum inventories
Thursday 24 Nov 2011
Crude oil prices were hit on Thursday by news that petroleum inventories had suffered an unexpected reduction in crude stockpiles.
FTSE 100 movers: Miners recover, Vedanta tops the risers
Thursday 24 Nov 2011
With metals prices recovering on Thursday after yesterday’s falls – on the back of ongoing worries in the Eurozone and some disappointing Chinese manufacturing data – the miners were in demand.
ECB considering longer-term bank loans
Thursday 24 Nov 2011
The European Central Bank (ECB) could be considering new two- and three-year liquidity operations amid concerns of a new credit cruch, reports Reuters.
ECB considering longer-term bank loans
Thursday 24 Nov 2011
The European Central Bank (ECB) could be considering new two- and three-year liquidity operations amid concerns of a new credit cruch, reports Reuters.
Young's raises glass to London and South-East
Thursday 24 Nov 2011
Young & Co.'s Brewery said it has made a very positive start to the second half of the financial year after it saw revenues rise strongly in the first half.
FX round-up: Euro remains resilient
Thursday 24 Nov 2011
The euro demonstrated surprising resilience following yesterday's conference between the three most powerful European leaders who met to discuss the economic crisis.
Europe afternoon: Stocks shrug off Portuguese downgrade
Thursday 24 Nov 2011
European markets shrugged off a Portuguese downgrade on Thursday afternoon with benchmarks across the continent making solid gains of between 1.5% and 2%. Helping to cement gains were a better-than-expected German business confidence survey and in-line growth data, easing fears over the nation’s economy following yesterday’s underwhelming bond auction.
Broker snap: Peel Hunt upgrades Weir to buy after Seaboard acquisition
Thursday 24 Nov 2011
Peel Hunt has upgraded FTSE 100 industrial engineer Weir from hold to buy following yesterday’s acquisition of Seaboard Holdings.
German business confidence rises unexpectedly
Thursday 24 Nov 2011
The IFO Institute´s German business confidence index for the month of November has come in at 106.6 points compared to 106.4 for the previous month.
London midday: Stocks seeking direction
Thursday 24 Nov 2011
As was the case yesterday morning (before it all went downhill in the afternoon session), equities have endured a dull session in London.
Thursday tips round-up: QinetiQ, United Utilities, Johnson Matthey
Thursday 24 Nov 2011
In May 2010 QinetiQ started a two-year turnaround programme that would see the UK workforce cut by 10-15%, but contract delays in the British and US defence markets have continued since then, writes the Tempus column in the Times. "Yesterday’s halfway figures, though sharply ahead of market expectations, managed to coincide with the stalemate on Capitol Hill over the US budget deficit that could
Commodities: Oil down nearly 2% on eco worries
Thursday 24 Nov 2011
Crude oil futures settled nearly 2% lower on Wednesday, despite a bigger than expected draw on weekly US stockpiles, as investors winced at weaker than expected Chinese data and surprisingly lacklustre demand for German bunds.
Thursday newspaper round-up: Germany, Cameron, BoE...
Thursday 24 Nov 2011
"The worst-received bond sale by Germany since the launch of the euro fuelled market fears that the continent’s debt crisis was now affecting Berlin, the region’s biggest economy and key to the survival of the single currency," according to the Financial Times. Yesterday's bond auction raised just two-thirds of the target amount, the paper writes.
Spanish jobless rate could reach 27% next year
Wednesday 23 Nov 2011
Spain's unemployment rate could reach 27% by the end of 2012, the equivalent of six million unemployed people, according to a report by JP Morgan
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