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  • Commodities: Crude rises on US unemployment report

    Thursday 10 Nov 2011

    Crude oil rose 2.13% on Thursday to settle around $97.78 per barrel for the December contract on the New York Mercantile stock exchange, buoyed by reports from the US Labor Department which said that initial unemployment claims for the last week fell by 10,000 to 390,000, better than expectations of 400,000.

  • FX round-up: Dollar falls and Euro recovers

    Thursday 10 Nov 2011

    The dollar fell late on Thursday after the Euro made a recovery from Wednesday's turbulence, buoyed by hopes that Italian leaders will act fast to bring about economic reform in Greece by forming a new government.

  • London close: Late fall pushes Footsie into the red

    Thursday 10 Nov 2011

    The Footsie swung between gains and losses on Thursday, but finished slightly in the red after US stocks retreated in mid-morning trade on Wall Street.

  • Tesco director makes a return

    Thursday 10 Nov 2011

    A round-up of the biggest director buys today so far.

  • Robust performance for Halfords

    Thursday 10 Nov 2011

    Halfords, the leisure, cycling and automotive specialist, saw its share price rise despite falls in revenue and profit in the 26 weeks to 30 September.

  • Market overview: Top share down, reports on France may be weighing

    Thursday 10 Nov 2011

    1618: The top share index is now seeing added selling pressure with some observers calling attention to the fact that CDS prices on French sovereign debt have briefly moved above the record high of 202 basis points reached on the 22nd of September. To be had in account, the European Commission this morning lowered its growth forecast for the Eurozone's second largest economy. FTSE 100 down 22 to

  • London midday: Italian yields fall, Experian leads recovery

    Thursday 10 Nov 2011

    London’s blue chip index has erased earlier losses to trade flat around lunchtime as Italian 10-year bond yields fell back below the critical 7% after the country’s debt auction. Meanwhile, the Bank of England revealed at midday that it had kept interest rates at the record low level of 0.5%.

  • Sector movers: HomeServe lifts support services sector

    Thursday 10 Nov 2011

    A massive leap in the share price of HomeServe gave the support services sector a boost today.

  • Broker snap: Prime Markets expects new 52-week high for Experian

    Thursday 10 Nov 2011

    Prime Markets sees significant upside to Experian’s current share price, saying that the group is “very much at the forefront of the global credit service boom”.

  • Morning broker round-up - UPDATE

    Thursday 10 Nov 2011

    Meggitt: Citi downgrades to neutral from buy.

  • Market overview: Italian 10 year debt yields at 6.95% after auction

    Thursday 10 Nov 2011

    1011: The Italian debt auction has seen the country's Treasury sell 1 year debt at a yield of 6.98%, the highest since 1997. 10 year Italian Treasury bond yields however are nonetheless are at the day's lows, at 6.95%, after having hit an intra-session high of 6.95%. The Treasury sold €5bn as expected with a bid to cover of approximately 2 times. HSBC has gotten hit by downgrades from several

  • S&P attributes France rating error to a computer glitch…

    Thursday 10 Nov 2011

    Ratings agency Standard&Poor’s (S&P) has this evening clarified that, “As a result of a technical error, a message was automatically disseminated today to some subscribers of S&P’s Global Credit Portal suggesting that France’s credit rating had been changed. This is not the case: the ratings on Republic of France remain ‘AAA/A-1+’ with a stable outlook, and this incident is not related to any

  • IMI revenues rise 6%, severe service orders 2%

    Thursday 10 Nov 2011

    Global engineering group IMI has this morning provided a trading update for the first ten months of the year. In its own words, ”current trading remains broadly unchanged from that set out in the interim results announcement in August.”

  • Cookson warns of subdued second half

    Thursday 10 Nov 2011

    Industrial materials science firm Cookson fell lower on Thursday after it said it expects the overall performance in the second half to be lower than the first.

  • For now there is still confidence in Italy, some say

    Thursday 10 Nov 2011

    Judging by market commentary and some analysts’ opinions institutional investors still seem to have faith in Italy’s ability to surmount the current situation. No less important, some such as at IHS Global Insight, believe that Italy has the ability to withstand elevated interest rates on its debt stock for several quarters even.

  • Land Securities ups 1H profits and dividend

    Thursday 10 Nov 2011

    Property giant Land Securities saw profits rise in the first half, driven mainly by increased rental income.

  • BHP Billiton agrees to up W. Australia royalty rates

    Thursday 10 Nov 2011

    BHP Billiton and the Western Australian government have reached agreement on an increase on the royalty rate the mining giant pays the state on its iron ore Fines product.

  • London pre-open: A lot riding on the Italian job

    Thursday 10 Nov 2011

    The top-share index looks set to open with a triple-digit decline as investors continue to fret about the Italian debt situation.

  • Commodities: Italy mess drags on oil and gold

    Thursday 10 Nov 2011

    Crude oil futures settled lower for the first time in six days as stock markets across the globe turned sharply lower on fears over Italy's financial situation as 10 year bonds topped 7%.

  • Steady flow of customers at Restaurant Group

    Thursday 10 Nov 2011

    The Restaurant Group, owner of the Frankie & Benny’s restaurant chain, said sales rose 6.5% in the 44 weeks to 6 November 2011 despite a tough economic backdrop.

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