Editor's Picks
FX round-up: Euro pummelled by Italian bond surge
Thursday 10 Nov 2011
The euro continued its downward march on Wednesday as Italy's increasingly dire debt and political situation rattled investor confidence.
FTSE 100 Movers: Admiral dives more than 28%
Wednesday 09 Nov 2011
Shares in insurance firm Admiral tanked by more than 28% this morning after it warned 2011 profits would be at the lower end of expectations due to a jump in personal injury claims.
Italian Senate rushes to pass measures, Greece flounders
Wednesday 09 Nov 2011
The Italian Senate is expected to rush passage of new legislation aimed at stopping the current crisis in Italian debt markets from snow-balling.
Footsie set to open with triple-digit fall
Wednesday 09 Nov 2011
London open
London midday: Financials take a hit as Italian bond yields jump
Wednesday 09 Nov 2011
Despite a modest start, the Footsie took a tumble during morning trade and stood at its lowest levels of the day by lunchtime, as the focus turned to Italy’s soaring borrowing costs. Financials were leading the decline on the blue chip index.
Asia: Gains as Berlusconi agrees to throw in the towel
Wednesday 09 Nov 2011
The Nikkei advanced 1.15% on Wednesday as investors cheered Italian Prime Minister Silvio Berlusconi’s offer to step down once parliament has approved the annual budget.
Broker snap: Admiral 'not immune from market forces', says Investec
Wednesday 09 Nov 2011
Investec says that “dark clouds [are] forming” at insurance giant Admiral, as it reiterates its sell rating and 843p target.
Wednesday broker round-up
Wednesday 09 Nov 2011
Regus: Credit Suisse upgrades from neutral to outperform, target raised from 80p to 100p.
UPDATE: Admiral shares plunge on profit warning
Wednesday 09 Nov 2011
Shares in insurance firm Admiral tanked by 25% this morning after it warned 2011 profits would be at the lower end of expectations due to a jump in personal injury claims.
Commodities: Italy mess drags on oil and gold
Wednesday 09 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%.
High street inflation hit 2011 low in October
Wednesday 09 Nov 2011
Hopes have been boosted that inflation might have peaked after new figures showed overall shop price inflation fell back markedly to a 2011 low in October.
FirstGroup bolstered by strong UK rail growth
Wednesday 09 Nov 2011
Rail and bus company FirstGroup said overall trading for the first half of the current financial year was in line with company expectations.
Europe midday: A new proposal for a Euro rescue fund?
Wednesday 09 Nov 2011
What looked like it was going to be a very placid day has been turned on its head by the rise seen in Italian long-term bond yields and some apparently minor snags in Greece (FTSE 100: -1.70%, Eurostoxx 50: -2.76%, Dax-30: -2.56%, SMI: -1.47%).
Tullow Oil cuts production target again
Wednesday 09 Nov 2011
FTSE 100 explorer Tullow Oil released a bullish update for the third quarter, but said that slower than expected production in Ghana had forced it to cut targets again.
Large claims put dampener on record year at Admiral
Wednesday 09 Nov 2011
Insurance firm Admiral announced it expected record profits this year but warned they would still be at the lower end of expectations due to a jump in personal injury claims.
FX round-up: Euro perks up as Berlusconi plans resignation
Wednesday 09 Nov 2011
The euro rallied on Tuesday, with gains underpinned by news that Italian Prime Minister Silvio Berlusconi would resign after parliament passes the austerity package required by the European Union.
Chinese inflation cools in October
Wednesday 09 Nov 2011
The rate of increase in the Chinese consumer price index fell 0.6 percentage points during the month of October, to a yearly rate of 5.5%; for the biggest fall since February 2009 and from the 3 year peak hit in July of this year.
Commodities: Crude rises for fifth straight session
Wednesday 09 Nov 2011
Crude oil futures settled higher for the fifth consecutive session on Tuesday ahead of an expected drop in weekly supplies.
Wednesday newspaper round-up: Italy, pensions, CBI, BoE
Tuesday 08 Nov 2011
Silvio Berlusconi has announced that he will resign, bringing to an end one of the most flamboyant but controversial political careers of modern times. However, the embattled Italian prime minister said he would not step down until after he has pushed through a package of economic reforms which have been demanded by the European Union to save Italy from a deepening debt crisis. Mr Berlusconi, 75,
Wednesday preview: HSBC, Sainsbury
Tuesday 08 Nov 2011
It is another frantically busy day for company results on Wednesday, with Britain's second biggest company by market value, HSBC, keeping the banking results season ticking over while supermarket chain Sainsbury provides another opportunity to take the temperature of the UK high street.
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