Editor's Picks
US mid-morning: Stocks up as Italian fears ease
Friday 11 Nov 2011
US stocks opened sharply higher on Friday morning after Italy’s Senate approved its austerity measures, easing fears over the Eurozone’s escalating debt crisis. Meanwhile some economic data closer to home helped cement gains.
Britain facing banking exodus as HSBC and RBS slash jobs
Friday 11 Nov 2011
The Euro debt crisis appears to be forcing banks to accelerate efficiency savings as profits from investment banking dwindles.
Monday newspaper round-up: Iraq, CBI, Easy Jet, France
Friday 11 Nov 2011
The British government and former BP boss Tony Hayward yesterday waded into the legal battle over control of the oil in Kurdistan, calling on Baghdad to stop obstructing the development of the region's hydrocarbon reserves. The calls came as Baghdad renewed its threat to throw Exxon Mobil out of the country after the US giant cut a deal to explore for oil and gas in the rocks of its arch
Broker tips: HSBC, AMEC, IMI
Friday 11 Nov 2011
In a stark research note issued this morning, Evolution Securities has reiterated its sell recommendation for banking giant HSBC, saying simply, "HSBC isn't working!"
US consumer confidence edged up in November
Friday 11 Nov 2011
The University of Michigan’s preliminary consumer confidence index for the month of November has come in at 64.2, following on a reading of 60.9 the month before, according to Reuters.
US consumer confidence edged up in November
Friday 11 Nov 2011
The University of Michigan’s preliminary consumer confidence index for the month of November has come in at 64.2, following on a reading of 60.9 the month before, according to Reuters.
US mid-morning: Stocks up as Italian fears ease
Friday 11 Nov 2011
US stocks opened sharply higher on Friday morning after Italy’s Senate approved its austerity measures, easing fears over the Eurozone’s escalating debt crisis. Meanwhile some economic data closer to home helped cement gains.
Premier Foods director spoons up more shares
Friday 11 Nov 2011
A round-up of the biggest director buys today so far.
Europe mid-day: Italy approves measures, French bonds still near highs
Friday 11 Nov 2011
The main European equity benchmarks are now registering strong rises (FTSE-100: 0.88%, Euro Stoxx 50: 1.23%, Dax-30: 1.32%, SMI: 0.69%). The above following news that the Italian parliament may well vote this same weekend on an austerity bill and that a new government may even be announced as early as this next Sunday. In fact, the country’s Senate has just approved that piece of legislation and
Market overview: Stocks spike higher again on US data
Friday 11 Nov 2011
1507: Shares are again spiking higher after the release of the latest University of Michigan confidence numbers state-side this afternoon. Schroders has slipped into the top spot on the London equity benchmark, trading ahead now of IAG, and followed by RBS. On the downside, ITV is off over 2% and BG is falling 1%. The latter may be suffering collateral damage after its peer GALP Energia came out
FTSE 100 Movers: Working progress
Friday 11 Nov 2011
Schroders was the top riser after Deutsche Bank upgraded the stock to hold from sell, and even though Credit Suisse cut its target to 1,390p from 1,450p.
A new Italian government could come as early as Sunday
Friday 11 Nov 2011
Italian President Giorgio Napolitano has asked former EU commissioner Mario Monti to remain in Rome during the weekend, according to news reports, with markets speculating that the motive behind this decision is the need for Mr.Monti to be present at the meetings now underway to form a national unity cabinet.
US consumer confidence edged up in November
Friday 11 Nov 2011
The University of Michigan’s preliminary consumer confidence index for the month of November has come in at 64.2, following on a reading of 60.9 the month before, according to Reuters.
A new Italian government could come as early as Sunday
Friday 11 Nov 2011
Italian President Giorgio Napolitano has asked former EU commissioner Mario Monti to remain in Rome during the weekend, according to news reports, with markets speculating that the motive behind this decision is the need for Mr.Monti to be present at the meetings now underway to form a national unity cabinet.
Rolls-Royce on track to meet targets
Friday 11 Nov 2011
Power systems giant Rolls-Royce has assured that trading since the end of the first half has been in line with the guidance given in July - double digit growth in engine deliveries in all sectors and 20-25% growth in group profit.
Barclays to sell Barclays Private Equity to management for £45m
Friday 11 Nov 2011
Barclays Bank is to sell the management company and associated companies which form Barclays Capital's management buy-out business, Barclays Private Equity, to its management team.
Friday tips round-up: Cookson and EnQuest
Friday 11 Nov 2011
The Times Tempus column looks at Cookson Group, the material manufacturers. It got walloped yesterday after issuing a trading update saying an exit from its North American business was possible on falling sales of precious metals to customers like Wal Mart. Additional weakeness in solar power materials stateside means the end may be nigh for Cookson in America
London pre-open: Moderate gains expected
Friday 11 Nov 2011
The Footsie is expected to open up moderately higher following on from moderate gains seen on Wall Street last night and in Asian markets this morning.
London pre-open: Moderate gains expected
Friday 11 Nov 2011
The Footsie is expected to open up moderately higher following on from moderate gains seen on Wall Street last night and in Asian markets this morning.
Friday newspaper round-up: UK contingency plans, manufacturing, house prices
Friday 11 Nov 2011
The Treasury and Bank of England are making contingency plans for an "economic Armageddon" if the euro falls apart, business secretary Vince Cable said on Thursday as the European commission slashed its growth forecasts and predicted that the continent could be plunged back into recession next year. With David Cameron warning that the moment of truth was approaching for the eurozone, ministers
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