Editor's Picks
Mondi builds on profit
Monday 31 Oct 2011
Paper and packaging firm Mondi pushed through underlying profit of €136m in the third quarter, well above the same period a year earlier but down from €175m in the previous quarter.
London open: Miners weigh down Footsie
Monday 31 Oct 2011
Banking giant Barclays is a rare bright spot in London after a better than expected third quarter update, as stocks head lower.
More woe on the way for house sellers
Monday 31 Oct 2011
House prices in the UK fell by 0.2% in October, according to property analytics firm Hometrack.
London open: Miners weigh down Footsie
Monday 31 Oct 2011
Banking giant Barclays is a rare bright spot in London after a better than expected third quarter update, as stocks head lower.
Barclays reduces exposure to periphery debt by 31%
Monday 31 Oct 2011
Bob Diamond, the chief executive of Barclays, assured the market that the company has no intention of raising new equity capital as he unveiled a 5% year-on-year increase in underlying profits before tax.
Hunting buys Texas firm Speciality
Monday 31 Oct 2011
Hunting, the FTSE 250 energy services company, has completed its acquisition of the Texas firm Speciality Supply for $31m in cash.
Banks shall have to increase writedowns as balance sheets are shrunk, Item Club says
Monday 31 Oct 2011
The UK's banks will have to write off £3bn more in bad loans than currently expected because of disappointing economic growth, the Ernst & Young Item club claims, according to a report carried in today´s edition of The Independent.
Japan intervenes in FX market, Yen falls 4%
Monday 31 Oct 2011
Japanese authorities have this morning decided to intervene unilaterally in foreign exchange markets so as to weaken their currency ahead of this week´s G-20 summit. The result has been a 4.2% drop in the Yen, to 78.92 in its cross versus the US dollar. Before today´s action the Yen had been trading at close to a post World War II record high, near 75 Yen to the dollar.
London open: Miners weigh down Footsie
Monday 31 Oct 2011
Banking giant Barclays is a rare bright spot in London after a better than expected third quarter update, as stocks head lower.
Allied Gold runs into trouble at Simberi mine
Monday 31 Oct 2011
Allied Gold Mining saw a rise in gold production for the quarter ended 30 September compared to the previous three months.
Banks shall have to increase writedowns as balance sheets are shrunk, Item Club says
Monday 31 Oct 2011
The UK's banks will have to write off £3bn more in bad loans than currently expected because of disappointing economic growth, the Ernst & Young Item club claims, according to a report carried in today´s edition of The Independent.
Market overview: Footsie dips despite Barclays boost
Monday 31 Oct 2011
0823: London has started the week on the back foot, with the FTSE 100 index down 38 at 5,664. Banking giant Barclays said its statutory profit before tax jumped to £2,422m from £327m the year before in the third quarter. Analysts had been expecting a figure of around £1.7bn. Adjusted profit before tax, which excludes exceptional items such as the impact of the bank's own credit and the impairment
JJB Sports battles on as sales deteriorate
Monday 31 Oct 2011
Half year losses widened at sports retailer JJB Sports and revenue plunged nearly 23% as UK retail conditions deteriorated towards the end of its second quarter.
Japan intervenes in FX market, Yen falls 4%
Monday 31 Oct 2011
Japanese authorities have this morning decided to intervene unilaterally in foreign exchange markets so as to weaken their currency ahead of this week´s G-20 summit. The result has been a 4.2% drop in the Yen, to 78.92 in its cross versus the US dollar. Before today´s action the Yen had been trading at close to a post World War II record high, near 75 Yen to the dollar.
Barclays reduces exposure to periphery debt by 31%
Monday 31 Oct 2011
Bob Diamond, the chief executive of Barclays, assured the market that the company has no intention of raising new equity capital as he unveiled a 5% year-on-year increase in underlying profits before tax.
BG announces new Chairman
Monday 31 Oct 2011
BG Group, the FTSE 100 natural gas company, has announced its plans for the succession of current chairman Sir Robert Wilson.
London pre-open: Stocks set for dull start
Monday 31 Oct 2011
After all the excitement of last week, investors seem in the mood to take a pause for breath, with City sources predicting the FTSE 100 will open down 50 points from yesterday's close of 5,702.
Commodities: Oil and gold retreat
Friday 28 Oct 2011
Crude oil prices drifted lower on Friday as investors reflected on the details of the euro zone rescue talks, a day after fervent applause over sweeping plans to handle to the euro zone’s sovereign-debt crisis.
Uk house prices falls may accelerate in coming months, Hometrack says
Friday 28 Oct 2011
House prices in the Uk fell by 0.2% on month in October, according to the latest data out last night from property analytics firm Hometrack.
FX round-up: Euro down as elation fades
Friday 28 Oct 2011
The euro eased against major currencies on Friday as jubilation over the previous session's deal on the EU debt crisis started to wane after the bond auction yield on Italian debt hit soared.
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