Editor's Picks
London pre-open: Centrica not enjoying warm spell
Thursday 17 Nov 2011
Stocks are set to drift lower at the outset as the market absorbs yesterday's gloomy report from the Bank of England. City sources predict the FTSE 100 will open down 24 points from yesterday's close of 5,509.
Thursday preview: SABMiller, Glencore, UK retail sales
Thursday 17 Nov 2011
Thursday will see the first half results of drinks giant SABMiller, the company behind brands such as Pilsner Urquell, Grolsch, Miller Lite and, more recently, Foster's.
Thursday newspaper round-up: City jobs, Retail sales, British Gas
Wednesday 16 Nov 2011
BNP Paribas, Merrill Lynch and Nomura became the latest major banks to announce job cuts on Wednesday as falling revenues forced them to follow several rivals and shed staff.(…) BNP Paribas said it would cut about 1,400 jobs in its investment banking division, which employs several thousand staff in London, while Bank of America Merrill Lynch (BoAML) has begun cutting broking employees, with
London close: Footsie finishes off lows, but still down
Wednesday 16 Nov 2011
After sinking down to its intraday low of 5,453 in morning trade, the Footsie partly recovered slightly to 5,509 by the end of trade, despite some negative comments from the Bank of England. Unfortunately, the unemployment report did little to settle investors’ nerves as the Footsie still finished in the red.
Royal Bank of Scotland Director buys 300,000 shares
Wednesday 16 Nov 2011
A round-up of the biggest director buys today so far.
Broker snap: Credit Suisse optimistic at easyJet
Wednesday 16 Nov 2011
Credit Suisse has reiterated its outperform rating on budget airline easyJet, saying that the “capacity outlook inspires winter confidence”.
Market overview: FTSE 100 sprints higher into the close
Wednesday 16 Nov 2011
1621: Another day of tensions in the Eurozone periphery, another session of better than expected economic data in the US and another sprint higher into the close today. FTSE 100 up 4 to 5,521.
US Stocks turn down on comments from Fitch
Wednesday 16 Nov 2011
The main US equity benchmarks have turned sharply lower in late evening trading (Dow Jones: -110, Nasdaq Comp.: -19, S&P 500: -10), with average falls of nearly 0.8%, on the back of more tensions in the Eurozone and despite positive economic data this afternoon (equities were earlier trading in the green).
FTSE 100 Movers: Intertek leads the way up
Wednesday 16 Nov 2011
Intertek, the testing and quality assurance company, rose to pole position after it said year-on-year organic revenue growth for the ten months to the end of October was 8%, in line with the figure published in the half year update in August.
Reed Elsevier sees revenues up
Wednesday 16 Nov 2011
Reed Elsevier, the business information and data company, said the overall improvement in its trading performance seen in the first half of the year has continued into the second half.
Speedy Hire recovery continues
Wednesday 16 Nov 2011
Plant hire specialist Speedy Hire said it narrowed half yearly pre-tax losses and is confident of meeting expectations for the full year.
BHP invests £822m in new Australia mine
Wednesday 16 Nov 2011
Mining giant BHP Billiton said it had approved an $822m investment for the development of a new mine in Western Australia.
Unite 99% sold for year
Wednesday 16 Nov 2011
Student accommodation manager Unite Group enjoyed a very strong sales performance for 2011/12 with 99% of rooms sold compared to 97% for the year before.
ICAP banking on traditionally strong fourth quarter
Wednesday 16 Nov 2011
Inter-dealer broker ICAP reckons full-year pre-tax profits should be within the range of market expectations but added the caveat that this projection is based on the assumption that markets normalise in the last quarter.
Thurssday tips round-up: LSE, Speedy Hire, Barratt
Wednesday 16 Nov 2011
The Telegraph’s Questor column sizes up the house builder Barratt Developments which announced a 25.9% rise in new reservations in an update yesterday. The key metric though was that its average selling price has risen to £207,000, up 7%. This is a result, says Questor, of the firm building bigger homes for people who already have one foot on the property ladder, as banks continue to be wary of
Double contract win for Meggitt
Wednesday 16 Nov 2011
Aerospace and defence engineering firm Meggitt has been awarded two separate contracts, one of which is worth £13m.
Commodities: Crude steps up a gear, nears $100
Wednesday 16 Nov 2011
Crude cruised towards $100 a barrel on Tuesday after better than expected US retail sales and manufacturing data.
FX round-up: Euro tumbles to 1-month low against dollar
Wednesday 16 Nov 2011
The euro turned sharply lower against the dollar on Tuesday, skidding to a fresh one-month low, as European bond yields surged.
London close: Footsie stages late recovery
Tuesday 15 Nov 2011
London’s FTSE 100 index bucked the trend in global markets on Tuesday to trade broadly flat by the close despite some heavy falls for Burberry and the banks. Some slightly better-than-expected domestic economic news seemed to lift sentiment in the UK during the day.
Wednesday preview: Barratt Developments, Inflation Report
Tuesday 15 Nov 2011
House builder Barratt Developments is expected to issue a trading update at its annual general meeting on Wednesday.
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