Editor's Picks
Sales dip but cash generation strong at Legal and General
Tuesday 01 Nov 2011
Legal and General saw sales drop slightly in the third quarter but the company preferred to focus on its cash generation, which is said remains strong.
G4S gives up on purchase of ISS
Tuesday 01 Nov 2011
G4S, the security firm is pulling out of its attempt to buy the Danish cleaning company ISS for £1.5bn after shareholders blocked the deal.
ARM acquires Prolific firm
Tuesday 01 Nov 2011
ARM Holdings, the FTSE 100 computer chip design company, has acquired Prolific, a firm which develops design optimisation software tools.
Market overview: Triple digit fall for Footsie
Tuesday 01 Nov 2011
0843: The decision by George Papandreou, the Greek Prime Minister, to hold a referendum on the details of the Greek bailout tortuously negotiated by Eurozone leaders, has sent London sharply into reverse. Just one Footsie constituent is rising, and that is G4S, as investors celebrate the security solutions firm's decision to abandon its controversial acquisition of Danish cleaning firm ISS. The
10 possible factors behind today´s fall in markets -OPINION
Tuesday 01 Nov 2011
Barely four days after the last Eurozone summit markets again seem to be jittery. Nervousness ahead of a barrage of important events this week (Fed meeting on Wednesday, ECB rate meeting on Thursday, US employment report on Friday and G20 summit, not to mention MF Global´s travails and some negative newsflow out of Asia today)? Certainly, the desire to take some profits or to hedge risks may have
FX round-up: Dollar rallies after Japan intervention
Tuesday 01 Nov 2011
The dollar surged against the yen on Monday after Japan's massive intervention in the currency markets.
Commodities: Retreat as Japan intervenes, MF Global throws in the towel
Tuesday 01 Nov 2011
Crude oil futures retreated slightly on Monday, in lighter than usual trading, as news that commodity brokers MF Global's bankruptcy sparked concern about traders liquidising positions.
Commodities: Retreat as Japan intervenes, MF Global throws in the towel
Monday 31 Oct 2011
Crude oil futures retreated slightly on Monday, in lighter than usual trading, as news that commodity brokers MF Global's bankruptcy sparked concern about traders liquidising positions.
Premium broker snap: Resilient performance by Barclays
Monday 31 Oct 2011
Credit Suisse, Evolution Securities and Nomura maintained their positive ratings on UK lender Barclays, following its third quarter results released on Monday.
Yahoo! could sell Asian assets instead of entire company
Monday 31 Oct 2011
Shares of Yahoo fell sharply after nes agency Bloomberg reported that the company could look to sell Asian assets instead of the entire company. The stock has risen in recent weeks on hopes it would put itself up for sale.
UPDATE: Monday broker round-up
Monday 31 Oct 2011
Homeserve: Citi retains sell, cuts target to 400p from 430p.
Tuesday newspaper round-up: Greece referendum, UK banks, recession
Monday 31 Oct 2011
“Greece threw the Eurozone into fresh turmoil last night by announcing that it would allow voters the chance to reject the emergency bailout package agreed in Brussels last week. George Papandreou, the Greek Prime Minister, stunned European capitals by saying that he would hold a referendum on the details tortuously negotiated by Eurozone leaders. The announcement, made after European financial
Tuesday newspaper round-up: Greece referendum, UK banks, recession
Monday 31 Oct 2011
“Greece threw the Eurozone into fresh turmoil last night by announcing that it would allow voters the chance to reject the emergency bailout package agreed in Brussels last week. George Papandreou, the Greek Prime Minister, stunned European capitals by saying that he would hold a referendum on the details tortuously negotiated by Eurozone leaders. The announcement, made after European financial
Humana raises outlook after strong Q3
Monday 31 Oct 2011
US health insurance plan firm Humana rose on Monday morning in New York after reporting a 13% increase in third quarter earnings and raising its outlook for the full year.
10 possible factors behind today´s fall in markets
Monday 31 Oct 2011
Barely four days after the last Eurozone summit markets again seem to be jittery. Nervousness ahead of a barrage of important events this week (Fed meeting on Wednesday, ECB rate meeting on Thursday, US employment report on Friday and G20 summit, not to mention MF Global´s travails and some negative newsflow out of Asia today)? Certainly, the desire to take some profits or hedge risks has been a
NAPM Chicago comes in slightly below forecasts
Monday 31 Oct 2011
The NAPM Chicago´s regional manufacturing sector survey fell to 58.4 points in October from 60.4 the month before.
UK consumer credit rose more than expected, but mortgage approvals fall
Monday 31 Oct 2011
Consumer credit grew by £0.6bn in September according to the latest data out today from the Bank of England, between £100m and £200mn faster than in the previous three months. The twelve month rate of change increased to 2.5% from 2.3%.
Broker snap: Peel Hunt downgrades Homeserve after telesales suspension
Monday 31 Oct 2011
Peel Hunt downgraded emergency repair services firm Homeserve from hold to sell, after the group announced that it is to suspend its telesales operation after an independent review.
UPDATE: Monday broker round-up
Monday 31 Oct 2011
Barclays: Nomura keeps buy rating and 268p target unchanged.
MF Global files for bankruptcy but may have found buyer
Monday 31 Oct 2011
The future of derivatives broker MF Global is in doubt after the company, once a subsidiary of Man Group, filed for bankruptcy this Monday morning.
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