Editor's Picks
London midday: Global concerns spark mass sell-off
Monday 21 Nov 2011
After a steep sell-off early on, the FTSE 100 traded sideways in the morning session and remained firmly below the 5,300 level, registering triple-digit losses, as of midday. Stocks markets across Europe suffered falls of between 2% and 3%, while US futures were also pointing to sharp decline, as negative economic news from all corners of the globe continued to weigh on sentiment.
Broker snap: Investec rates Centrica as a buy
Monday 21 Nov 2011
Investec has reiterated its buy rating on British Gas owner Centrica after the energy giant’s announcement of “major moves in the gas market”.
Doubts raised over Lloyds' leader's recovery
Monday 21 Nov 2011
Though Lloyds Banking says that its chief executive, António Horta-Osório, is making good progress after being ordered by his medical advisors to take a rest, the part-nationalised lender has made contingency plans just in case he does not return to the role by the end of the year as originally planned.
Deadlock feared once again on Capitol Hill over budget cuts
Monday 21 Nov 2011
U.S. lawmakers have reached an impasse on budget cuts. The U.S.´s deficit-cutting congressional super-committee likely will announce today that it has failed to reach agreement on at least $1.2tn in federal budget savings, a Democratic aide said, according to Bloomberg News.
US close: Stocks drop on global debt fears
Monday 21 Nov 2011
With US and European debt fears taking their tolls, stocks dropped by an average 2% on Monday. While the Dow clawed back from its earlier +300-point fall, the index still closed down 249 (-2.11%) at 11,547. Meanwhile, the Nasdaq dropped 49 (-1.92%) to 2,523 and the S&P 500 fell 23 (-1.86%) to 1,193.
Morning broker round-up
Monday 21 Nov 2011
Capital Shopping Centres: Seymour Pierce maintains reduce stance and 324p target.
Phoenix now in talks with CVC Capital Partners
Monday 21 Nov 2011
Resolution may have called an end to its talks with Phoenix Group, but the FTSE 250 company has assured that it has received a number of approaches from other parties, most notably private equity firm CVC Capital Partners.
Local analysts´ reactions to Spain´s 2011 election results
Monday 21 Nov 2011
The polls have proved accurate. People´s Party (PP) leader Mariano Rajoy won the presidential elections in Spain yesterday with 186 MPs, an absolute majority, and by the second widest margin ever. How are the markets reacting to this? For now, the Ibex35 is trading lower but by slightly less than its European peers.
London open: Footsie sinks to 5,300 early on
Monday 21 Nov 2011
The Footsie sunk towards the 5,300 level in early trading with worrying economic news from Asia weighing on sentiment. London's blue chip index now trades at levels not seen since early October.
Morning broker round-up
Monday 21 Nov 2011
Capital Shopping Centres: Seymour Pierce maintains reduce stance and 324p target.
London open: Footsie sinks to 5,300 early on
Monday 21 Nov 2011
The Footsie sunk towards the 5,300 level in early trading with worrying economic news from Asia weighing on sentiment. London's blue chip index now trades at levels not seen since early October.
Morning broker round-up
Monday 21 Nov 2011
Capital Shopping Centres: Seymour Pierce maintains reduce stance and 324p target.
Centrica in £13bn tie up with Statoil
Monday 21 Nov 2011
Centrica, the company which owns British Gas, has signed a deal with the Norwegian company Statoil to buy £13bn worth of gas over ten years.
Phoenix now in talks with CVC Capital Partners
Monday 21 Nov 2011
Resolution may have called an end to its talks with Phoenix Group, but the FTSE 250 company has assured that it has received a number of approaches from other parties, most notably private equity firm CVC Capital Partners.
Centrica in £13bn tie up with Statoil
Monday 21 Nov 2011
Centrica, the company which owns British Gas, has signed a deal with the Norwegian company Statoil to buy £13bn worth of gas over ten years.
Phoenix now in talks with CVC Capital Partners
Monday 21 Nov 2011
Resolution may have called an end to its talks with Phoenix Group, but the FTSE 250 company has assured that it has received a number of approaches from other parties, most notably private equity firm CVC Capital Partners.
A democratic mandate for reforms in Spain?
Monday 21 Nov 2011
The centre right People´s Party last night obtained a majority of seats in the Spanish Parliament (186 seats out of 350), its best results ever, but against a back-drop of severe economic uncertainty.
A democratic mandate for reforms in Spain?
Monday 21 Nov 2011
The centre right People´s Party last night obtained a majority of seats in the Spanish Parliament (186 seats out of 350), its best results ever, but against a back-drop of severe economic uncertainty.
Deadlock feared once again on Capitol Hill over budget cuts
Monday 21 Nov 2011
U.S. lawmakers have reached an impasse on budget cuts. The U.S.´s deficit-cutting congressional super-committee likely will announce today that it has failed to reach agreement on at least $1.2tn in federal budget savings, a Democratic aide said, according to Bloomberg News.
Phoenix now in talks with CVC Capital Partners
Monday 21 Nov 2011
Resolution may have called an end to its talks with Phoenix Group, but the FTSE 250 company has assured that it has received a number of approaches from other parties, most notably private equity firm CVC Capital Partners.
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