Editor's Picks
Rio Tinto gets the all-clear for Hathor acquisition
Wednesday 23 Nov 2011
Mining giant Rio Tinto has received clearance for its offer to purchase uranium developer Hathor Exploration for C$4.70 a share, in a bid which values Hathor at around C$654m (£402m) on a fully-diluted basis.
LFL sales slow at JD Sports
Wednesday 23 Nov 2011
High street sports retailer JD Sports Fashion has seen the growth of like-for-like (LFL) sales slow down in the sixteen weeks ended 19 November due to the ongoing troubles facing the everyday consumer.
Weir Group to pay $675m for Texas firm Seaboard
Wednesday 23 Nov 2011
Weir Group, the FTSE 100 engineering company servicing the oil, gas and power sectors, is to pay $675m for the US wellhead specialist Seaboard.
Rio Tinto gets the all-clear for Hathor acquisition
Wednesday 23 Nov 2011
Mining giant Rio Tinto has received clearance for its offer to purchase uranium developer Hathor Exploration for C$4.70 a share, in a bid which values Hathor at around C$654m (£402m) on a fully-diluted basis.
Rio Tinto gets the all-clear for Hathor acquisition
Wednesday 23 Nov 2011
Mining giant Rio Tinto has received clearance for its offer to purchase uranium developer Hathor Exploration for C$4.70 a share, in a bid which values Hathor at around C$654m (£402m) on a fully-diluted basis.
London pre-open: Chinese data to dampen the mood
Wednesday 23 Nov 2011
The Footsie is expected to be hit by another wave of selling on Wednesday, its eighth in a row, with City sources predicting the index to open at around 5,156, almost 1% down from yesterday's close of 5,207. The blue chips have lost an average of 6% since Friday 11 November when the FTSE 100 stood at 5,545.
London pre-open: Chinese data to dampen the mood
Wednesday 23 Nov 2011
The Footsie is expected to be hit by another wave of selling on Wednesday, its eighth in a row, with City sources predicting the index to open at around 5,156, almost 1% down from yesterday's close of 5,207. The blue chips have lost an average of 6% since Friday 11 November when the FTSE 100 stood at 5,545.
Wednesday tips round-up: Big Yellow, Electrocomponents, Telecom Plus
Wednesday 23 Nov 2011
The Times' Tempus column highlights Big Yellow's plans to halt further capital spending to improve debt. "If the capital spending tap is turned off, clearly there is potential for cash-flow…to rise considerably from the near-£30m each year at present," Martin Waller writes. Furthermore, while the company's performance is partly linked to the housing market, seeing as though almost three quarter
FX round-up: Euro claws back above $1.35 after IMF news
Wednesday 23 Nov 2011
The euro perked up against the dollar on Tuesday, clawing back above $1.35, as the International Monetary Fund outlined new lending facilities to help contain contagion of Europe’s debt crisis.
China manufacturing PMI falls below expectations
Wednesday 23 Nov 2011
The HSBC ´flash´ China manufacturing sector purchasing managers’ Index (PMI) for the month of November has come in at 48.0, versus 51.0 the month before, to a 32 month low.
Wednesday newspaper round-up: Thomas Cook, Stress tests, Nokia...
Wednesday 23 Nov 2011
Thomas Cook customers must make sure that they have "robust financial protection" following yesterday's news that the travel firm is in talks with its banks about funding, reports the Times. "Travel experts warned holidaymakers to ensure that they had a “triple lock” of protection in place to ensure they were not out of pocket or stranded abroad if the company went bust," the paper says.
Wednesday newspaper round-up: Thomas Cook, Stress tests, Nokia...
Wednesday 23 Nov 2011
Thomas Cook customers must make sure that they have "robust financial protection" following yesterday's news that the travel firm is in talks with its banks about funding, reports the Times. "Travel experts warned holidaymakers to ensure that they had a “triple lock” of protection in place to ensure they were not out of pocket or stranded abroad if the company went bust," the paper says.
Plus ça change as European bonds tank
Tuesday 22 Nov 2011
It is a moot question how many times observers of the euro area bond market can say 'things have taken a turn for the worse'. Logically, there has to be an end to it.
Merkel to leave bazooka in her handbag
Tuesday 22 Nov 2011
“We don’t have any new bazooka to pull out of the bag," said the finance spokesman for German Chancellor Angela Merkel’s Christian Democratic bloc.
Wednesday preview: Compass, Johnson Matthey, BoE minutes ...
Tuesday 22 Nov 2011
Contract caterer Compass brings out full-year figures on Wednesday, with the market expecting profits before tax to burst through the billion pounds barrier.
London close: Footsie extends losing streak
Tuesday 22 Nov 2011
After spending almost all of the day in the blue and threatening to end a six-day losing streak, Footsie tumbled at the death to extend its miserable sequence.
US pre-open: Futures down on GDP data
Tuesday 22 Nov 2011
Earlier gains in European markets have been pared and stock futures on Wall Street are pointing to average losses of between 0.3% and 0.6% following some gloomy economic data.
Broker tips: Standard Chartered, Thomas Cook, Mitchells & Butlers
Tuesday 22 Nov 2011
Following their attendance at a set of recent company presentations, analysts at Nomura were writing today that, “Overall, we came back from the trip thinking Standard Chartered´s (STAN) target of double-digit revenue growth for 2011 and beyond is achievable.”
FTSE 250 Movers: Thomas Cook plummets nearly 70%
Tuesday 22 Nov 2011
Shares in travel firm Thomas Cook continued their downward spiral after the firm said it was in talks with its banks about borrowing more money. Shares dropped over 50% from the outset and were trading nearly 70% lower in the afternoon.
Spain needs to apply additional measures, says Fitch
Tuesday 22 Nov 2011
Spain’s new government will need to apply additional measures if it wants to meet the deficit targets established in its existing Stability Programme, according to Fitch Ratings.
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