Editor's Picks
Mitie revenues up 6% in first half
Monday 21 Nov 2011
MITIE, the facilities management company, has seen revenues grow 5.8% in the six months to the end of September, compared to the equivalent period of 2010.
Capital Shopping signs new finance deal with banks
Monday 21 Nov 2011
Capital Shopping Centres (CSC), the FTSE 100 real estate investment trust focused on the retail sector, has put in place a £375m revolving credit facility which will be used to "provide general group liquidity".
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.
London pre-open: Asian fears to prompt early sell-off
Monday 21 Nov 2011
City sources are expecting the FTSE 100 to open down 42 points this morning from Friday's close of 5,363, as fears over the global economy are fueled by worrying news from Singapore and Japan.
Pearson expands in fast-growing Chinese market
Monday 21 Nov 2011
Financial Times publisher Pearson Group is expanding its presence in China with the acquisition of educational exam preparation services provider, Global Education and Technology.
Deadlock 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 is expected to 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.
Commodities: Crude oil dips under $98 a barrel
Monday 21 Nov 2011
Crude oil futures settled 1.4% lower, after a volatile session on Friday, as fears about European sovereign debt tightened its grip on markets and as investors took profit after recent gains past $102 a barrel.
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.
Morning broker round-up
Friday 18 Nov 2011
Capital Shopping Centres: Seymour Pierce maintains reduce stance and 324p target.
ARM drops on cautious 2012 outlook - UPDATE
Friday 18 Nov 2011
ARM Holdings was among the worst performers on the FTSE 100 on Friday after the firm’s president yesterday gave a cautious outlook for 2012.
Sunday newspaper round-up: Virgin Money, Eurozone bonds, Resolution
Friday 18 Nov 2011
The big danger for some investors and strategists is that Eurozone bond markets might be broken beyond repair. Matt King, a credit Strategist at Citi, thinks the point of no return was passed long ago. He compares the situation to the triple A U.S. collateralized debt obligation market in 2008 when investors rushed to sell at almost any cost. But the scale of the problem is bigger than in 2008.
ARM drops on cautious 2012 outlook - UPDATE
Friday 18 Nov 2011
ARM Holdings was among the worst performers on the FTSE 100 on Friday after the firm’s president yesterday gave a cautious outlook for 2012.
US open: Leading economic indicators come in ahead of forecasts
Friday 18 Nov 2011
The main US equity benchmarks are now trading mixed (Dow Jones Industrial: 38, Nasdaq Comp.: -4, S&P 500: 3), despite futures markets having indicated a higher open earlier on, with many observers having attributed those gains to a Dow Jones Newswire report that there is a growing acceptance in Europe of a plan for the European Central Bank to lend funds directly to the International Monetary
CBI warning ahead of Chancellor's Autumn statement
Friday 18 Nov 2011
The head of the British employers’ organisation, the CBI, has told the Financial Times he doesn’t see the UK government focused on growth.
Week Ahead: Diploma, Compass, central bank minutes
Friday 18 Nov 2011
Next week’s batch of expected trading updates is light on FTSE 100 heavyweights and heavy on the second-liners. A number of utilities are due to declare, while there is also a boozy feel to the week with pub groups Enterprise Inns and Mitchells & Butlers going head to head on Tuesday, while London-focused pubs owners Young's and Fuller's update on Thursday and Friday, respectively.
US pre-open: Economists revise the GDP projections higher
Friday 18 Nov 2011
The main US equity benchmarks are now being called to open higher, with average gains of 0.9%, and with many observers attributing the gains to a Dow Jones Newswires report that there is a growing acceptance in Europe on a plan for the European Central Bank to lend funds directly to the International Monetary Fund to finance a periphery rescue and reform package.
Other countries willing to support Europe?
Friday 18 Nov 2011
Countries from China to the US may be willing to support Europe through the International Monetary Fund if the region’s policy makers agree on a plan to stem their debt crisis, World Bank President Robert Zoellick said on Bloomberg Television’s “Conversations with Judy Woodruff,” which is to air this weekend.
Market overview: Capita leads the market lower
Friday 18 Nov 2011
0824: Stocks are stuck in reverse gear again today as concerns persist about the Eurozone debt crisis. Essar, ICAP and Schroders non-voting shares form the select band of stocks heading north in early trading. Leading the fallers is Capita, which said it has seen no reversal in the second half of the trading year of the downward trend in revenue seen in the first half. Despite a 14% contribution
London midday: Five-day fall for Footsie
Friday 18 Nov 2011
With Eurozone troubles continuing to provide a drag, the Footsie had tumbled 1% by midday on Friday to 5,366, an intraday level not seen since last Thursday. This is now the fifth consecutive day of falls for London's blue chip index, which has steadily declined from last Friday's closing price of 5,545 (-3.2%).
Germany tries to bridge the gap with the UK
Friday 18 Nov 2011
Eurozone sovereign bond markets are still very stressed, extremely so, with some investors trying to anticipate what policy makers’ next move might be while a few have long since simply ‘headed for the hills’, but not all of the news-flow is negative.
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