Editor's Picks
Bank of England ready to (re)act accordingly, Governor says?
Tuesday 15 Nov 2011
As per its monetary policy remit when inflation, as measured by the consumer price index, deviates from its 2.0% target by over one percentage point, the Bank of England has today published the letter sent by its Governor, Sir Mervyn King, to the Chancellor, George Osborne.
Wednesday Newspapers: Brussels, ratings agencies, Eurozone break-up
Tuesday 15 Nov 2011
David Cameron faced a deepening rift with Germany over the future of Europe last night, while at home Nick Clegg scorned the Prime Minister for his hopes of looser links with Brussels. (…) Mr Cameron plans to visit Brussels as well as Berlin on Friday to argue the case for new protections for the City from EU directives. He will seek clarity from Herman Van Rompuy, the European Council President,
Broker snap: Nomura expects significant growth at Burberry
Tuesday 15 Nov 2011
Despite the market’s cool reaction to Burberry’s first half results on Tuesday morning, Nomura has upped its full-year numbers, saying it sees “significant growth potential ahead”.
Investors shift away from Eurozone, says BofA - UPDATE
Tuesday 15 Nov 2011
Investors bought into US and emerging market equities over the last month, as they sought refuge from the unpredictable events in the Eurozone, according to the latest Fund Manager Survey (FMS) put together by Bank of America Merrill Lynch (BofA ML).
Bank of England ready to (re)act accordingly, Governor says?
Tuesday 15 Nov 2011
As per its monetary policy remit when inflation, as measured by the consumer price index, deviates from its 2.0% target by over one percentage point, the Bank of England has today published the letter sent by its Governor, Sir Mervyn King, to the Chancellor, George Osborne.
Market overview: London stocks near day's lows
Tuesday 15 Nov 2011
1213: London stocks are still down sharply, on the back of news reports that Italian Prime Minister designate, Mario Monti, may have run into some resistance when trying to form a new Cabinet. Also worth mention, Moody's published a negative research report on the Polish banking system this morning. Further fanning the flames in the Eurozone's periphery, the leader of the main Greek opposition
London open: Burberry finds market hard to please
Tuesday 15 Nov 2011
London has made a hesitant start, with banks and miners a drag on the index in the early going.
UPDATE: UK inflation driven down by supermarket price war
Tuesday 15 Nov 2011
CPI, the government's preferred measure of inflation, stood at 5% in October 2011, down from 5.2% in September - a bigger fall than expected.
FX round-up: Euro down as nerves bubble to the surface
Tuesday 15 Nov 2011
The euro traded lower against major rivals on Monday as investors once again fretted about the daunting task of steering Italy away from the European debt crisis.
Commodities: Crude retreats as eurozone fears flare up again
Tuesday 15 Nov 2011
Crude oil futures shifted direction on Monday as concern about Europe's debt problems returned and sent the dollar higher.
Vodafone gets boost from US stock pickers
Monday 14 Nov 2011
Vodafone, one of Britain’s biggest companies, has been given a boost today after a positive assessment from the respected US business journal Barron's.
Government ponders scrapping planned rise in petrol duty
Monday 14 Nov 2011
Downing Street is considering scrapping January’s planned rise of 3p a litre in petrol duty to avoid imposing another crippling burden on motorists and damaging growth prospects. However, cancelling it entirely would leave a £1.5bn hole in the public finances, reports The Times this morning.
Tuesday newspaper round-up: Petrol duty, RBS, Britain, carbon floor
Monday 14 Nov 2011
Downing Street is considering scrapping January’s planned rise of 3p a litre in petrol duty to avoid imposing another crippling burden on motorists and damaging growth prospects. The Government is worried that the rise will hurt the economy, but cancelling it entirely would leave a £1.5bn hole in the public finances. The AA said that the Government must go farther than reverse the January rise,
FTSE 100 Movers: Smith & Nephew, ITV lead the risers
Monday 14 Nov 2011
Medical equipment manufacturer Smith & Nephew was the high riser helped by Exane BNP Paribas which upped its recommendation on the stock from neutral to outperform.
FX round-up: Euro down as nerves bubble to the surface
Monday 14 Nov 2011
The euro traded lower against major rivals on Monday as investors once again fretted about the daunting task of steering Italy away from the European debt crisis.
New CEO for C&W Worldwide as profits plunge
Monday 14 Nov 2011
The announcement of a new chief executive at embattled telecoms firm Cable & Wireless Worldwide (C&WW) wasn't enough to stop shares plunging as it announced a big fall in profits.
Monday broker round-up
Monday 14 Nov 2011
BG Group: Evolution Securities keeps buy recommendation and 1,800p target.
FTSE 250 Movers: Premier Foods drops... again
Monday 14 Nov 2011
Premier Foods was leading the way lower after UBS downgraded the stock from neutral to sell, and slashed its target from 21p to 2p, saying it’s “difficult to see a way back from here”.
Market overview: Banks buoy Footsie
Monday 14 Nov 2011
0835: After Friday's triple-digit advance, the top-share index is making more sedate progress this morning. Banks are wanted in the early going, while a trading update from ITV has been well received. FTSE 100 is up 22 at 5,567.
US mid-afternoon: US recession risk now over 50%, says SF Fed
Monday 14 Nov 2011
The main US equity benchmarks are now attempting to bounce back from the day’s lows (Dow Jones: -66, Nasdaq Comp.: -21, S&P 500: -11), but are being weighed down by tensions in the Eurozone. More specifically, investors have been put off by a very critical report out from Moody’s on the EFSF’s current effectiveness and some rather poor news out from the likes of Greece and Spain. Yet perhaps the
You are here: news > editors picks
10 Lower Thames St,
London EC3R 6EN