Editor's Picks
Friday newspaper round-up: Interest rates, referendum, pensions, BT
Thursday 03 Nov 2011
In a speech on Thursday, Mr Diamond gave his strongest endorsement yet of the Government's economic policy, saying it had saved Britain from having to pay far higher rates to borrow on international markets."I know it's oversimplified, but if the UK government had to pay 6% interest on its current outstanding debt, it would cost all of us in the UK another £40bn a year. That's about half the
ECB cuts interest rates in suprise move
Thursday 03 Nov 2011
In a surprise move the European Central Bank has lowered its benchmark interest rate by 0.25% to 1.25%.
Tate & Lyle reports sweet first half
Thursday 03 Nov 2011
Tate & Lyle reported stronger than expected first half results with adjusted pre-tax profits of £180m.
Market overview: ECB cuts interest rate to 1.25%
Thursday 03 Nov 2011
1258: The Footsie - along with all the major benchmarks in Europe - is extending gains following the Mario Draghi's surprise decision to lower European Central Bank (ECB) interest rates in his first week after taking over from Jean-Claude Trichet as president. Interest rates now stand at 1.25%, from 1.5% previously. Most had expected Draghi to keep rates on hold in his first few months as
Broker snap: Peel Hunt slashes Homeserve target, as investigation looms
Thursday 03 Nov 2011
Three days after downgrading Homeserve's rating from hold to sell, Pell Hunt has slashed its target price for the emergency repair services firm from 450p to 280p, saying that an "FSA investigation looms".
ASOS reports 66% profit surge
Thursday 03 Nov 2011
Online clothing firm ASOS posted a 66% rise in half year profit and enviable sales growth as strong overseas demand overshadowed weaker UK progress.
Old Mutual life sales up 8% in Q3
Thursday 03 Nov 2011
Savings, investments and insurance group Old Mutual saw life sales grow by 8% in the three months to 30 September, helped by strong growth in emerging markets.
UK service sector weaker than expected -UPDATE
Thursday 03 Nov 2011
Growth in the UK's dominant service sector slowed at a faster pace than expected in October increasing fears the country could be heading back into recession.
Broker snap: UBS downgrades St James's Place on cautious outlook
Thursday 03 Nov 2011
UBS has downgraded FTSE 250 wealth management group St James's Place from buy to neutral, saying that yesterday's solid quarterly update is overshadowed by an cautious outlook.
ING to cut 2,700 jobs despite Q3 profits beat
Thursday 03 Nov 2011
Dutch financial group ING has announced that it will cut 2,700 jobs on the same day it beat profit expectations in the third quarter.
More heads to roll in the Eurozone periphery? -UPDATE
Thursday 03 Nov 2011
Evangelos Venizelos will be Greece's representative at the G-20 (Group of 20) summit today. He will receive plenty of pressure from other European members. Yet although Venizelos will likely be the center of attention, Italian president Silvio Berlusconi is not expected to have an easy time either.
London open: Footsie heads lower as G20 heats up
Thursday 03 Nov 2011
BThe Footsie fell lower on Thursday morning, with investors keeping a cautious eye on developments in the Eurozone, as the G20 Summit begins to heat up in Cannes.
Sanderson feeling upbeat
Thursday 03 Nov 2011
Software and IT business Sanderson said it expected its full year results, due in late November, to be in line with market expectations.
RSA sees growth in all regions
Thursday 03 Nov 2011
Ireland popped up as an unexpected bright spot in the interim management statement of insurance behemoth RSA, which appears to be firing on all cylinders.
Global Services revival continues at BT
Thursday 03 Nov 2011
Telecoms titan BT kept its full-year outlook unchanged after a second quarter performance that reinforced its confidence of hitting its targets.
US close: Stocks hold gains as Fed sticks to script
Wednesday 02 Nov 2011
US stocks held on to gains in the afternoon despite a muted reaction to a statement from the Federal Reserve, after a strong morning session sparked by some encouraging private sector employment data.
Europe close: Bourses rally on US jobs data
Wednesday 02 Nov 2011
European markets closed near to their highest levels of the day, as a US jobs reports boosted optimism and briefly drew investors’ attentions away from Greece.
London close: US jobs data fuels rally
Wednesday 02 Nov 2011
UK equities finished near their highest levels on the day after better-than-expected jobs data in the US gave a boost to markets this side of the Atlantic. The Footsie finished over 1% higher, despite falling into the red before midday, as investors continue to keep an eye on ongoing developments in the Eurozone.
UPDATE: Fed keeps rate unchanged, warns of "downside risks"
Wednesday 02 Nov 2011
The Federal Reserve has reiterated its plans to keep rates close to zero for the time being, saying that while growth had "strengthened somewhat", there are still "significant downside risks" to the economic outlook.
Thursday tips round-up: Randgold, Inmarsat, Legal and General
Wednesday 02 Nov 2011
The Independent looks at Randgold Resources which issued a management statement yesterday and was one of the FTSE 100's biggest climbers. The numbers for the third quarter were impressive with a huge rise in revenues and profits over the equivalent period of 2010. That said, there are a few dark clouds on the horizon, notably the cost to extract each ounce of gold which had reached $747 per ounce
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