Editor's Picks
US midday: Stocks steady at lower levels
Wednesday 23 Nov 2011
After a shake-out at the opening in the wake of a worryingly lukewarm response to a German bond auction, shares stablised at lower levels heading into the lunch-time session.
London close: German bond auction response unnerves investors
Wednesday 23 Nov 2011
After an uneventful morning session that came as a relief after the turbulent events of recent days, shares turtned sharply lower in the afternoon session, as US markets took a bath.
Antofagasta's profits pared by mark-to-market adjustments
Wednesday 23 Nov 2011
Higher copper prices and increased output was a winning combination for Chilean copper miner Antofagasta in the first nine months of 2011.
Wednesday broker round-up - UPDATE
Wednesday 23 Nov 2011
Compass: Seymour Pierce reiterates buy rating and 650p target.
Merchants Trust sees fall in NAV
Wednesday 23 Nov 2011
The Merchant's Trust saw a small reduction in its net asset value (NAV) during the between from 1 August to 31 October, alongside a number of other falls.
Merchants Trust sees fall in NAV
Wednesday 23 Nov 2011
The Merchant's Trust saw a small reduction in its net asset value (NAV) during the between from 1 August to 31 October, alongside a number of other falls.
The Greek economy could contract another 5.5% in 2011
Wednesday 23 Nov 2011
More negative headlines arrive from Greece as the country’s central bank announced that the Greek economy could fall 5.5% or more this year.
Broker snap: TUI hit by Thomas Cook's woes, Peel Hunt cuts target
Wednesday 23 Nov 2011
Peel Hunt has assessed the impact that Thomas Cook’s travails have had on sector peer TUI Travel, which dropped 9% yesterday on the back of concerns surrounding its rival.
US open: Sharp falls following German auction results
Wednesday 23 Nov 2011
The main U.S. equity benchmarks are now registering very sharp falls (Dow Jones: -171, Nasdaq Comp.: -49, S&P 500: -21). The above due to the heightened nervousness amongst investors as regards the situation in the Eurozone periphery; following what market commentary is generally describing as poor German long-term bond auction results this morning.
James Murdoch resigns from boards of Sun and Times
Wednesday 23 Nov 2011
James Murdoch has resigned from the boards of the two News International businesses that publish The Sun and The Times, according to London’s Evening Standard.
Broker snap: UBS downgrades Meggitt to sell
Wednesday 23 Nov 2011
UBS has downgraded Meggitt from neutral to sell after cutting back its earnings forecasts for this year and the next.
Europe Midday: Equities steady but Euro betrays underlying weakness
Wednesday 23 Nov 2011
The main European equity benchmarks are now registering little changes (FTSE-100: -0.54%, Dax-30: 0.62%, Cac-40: 0.02%, SMI: -0.13%, Euro Stoxx 50: 0.12%).
German economy 'stagnant'
Wednesday 23 Nov 2011
Production in the German manufacturing sector have fallen for the second month running, with November's rate of decline was the fastest since June 2009.
London open: Chinese data weighs on stocks
Wednesday 23 Nov 2011
The Footsie fell below the 5,200 level early on, as some gloomy data from China dampened the mood.
Market overview: FTSE 100 down 21
Wednesday 23 Nov 2011
0832: The Footsie has sunk below the 5,200 level as some gloomy Chinese industrial data weighs on sentiment. Caterer Compass was a high riser after underlying pre-tax profits broker through the £1bn barrier. Meggitt, however, continues to be dragged lower by worries that cuts to US defence spending could hit demand. Chemicals firm Johnson Matthey rose after raises its interim dividend as profits
Anglo-American sees first production from expanded Chile mine
Wednesday 23 Nov 2011
Anglo-American, the FTSE 100 mining company, has completed the first copper production from the huge expansion project at its Los Bronces mine in central Chile.
Piedmont could launch offer for Mitchells & Butlers
Wednesday 23 Nov 2011
The largest shareholder in pub group Mitchells&Butlers, Piedmont, has not ruled out launching a fresh takeover offer for the company despite ongoing concerns about its business, the Financial Times says.
Premier Oil to focus on UK North Sea
Wednesday 23 Nov 2011
Oil and gas firm Premier Oil said it had abandoned a well off the coast of Norway and would now move its focus onto UK waters.
Cosalt in dire straits
Wednesday 23 Nov 2011
Cosalt, the struggling Grimsby-based safety company for the oil and gas sector, has said that the firm's cash flow position has continued to deteriorate.
Compass breaks through billion pound barrier
Wednesday 23 Nov 2011
Contract caterer Compass saw its underlying profits before tax burst through the billion pounds barrier for the full year ended 30 September.
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