Editor's Picks
Spanish unemployment hits 5m
Friday 28 Oct 2011
Spain’s unemployment rate as measured by the Economically Active Population Survey (EAP) rose to 21.52% in the third quarter from 20.89% in the previous quarter, the country’s National Statistics Institute said.
Broker snap: UBS cuts target for Aquarius Platinum
Friday 28 Oct 2011
With Aquarius Platinum’s South African mine issues continuing into the new financial year, UBS has reduced its target price on the stock from 235p to 210p.
London midday: Pause for breath after euro boost
Friday 28 Oct 2011
Shares are still flat amid a quiet day on the company news front, giving traders a chance to sit back and appraise the latest developments in the Eurozone saga.
Morning broker round-up
Friday 28 Oct 2011
Barclays: Investec reiterates buy rating and 330p target.
Market overview: FTSE 100 positive, Rogoff sceptical on Euroland
Friday 28 Oct 2011
1110: The top share index remains modestly in the blue, holding onto recent gains on the back of measures to sort out the Eurozone crisis. Oil group Essar Energy currently leads the risers, closely followed by the bank HSBC. J.P.Morgan has upgraded shares of Barclays to overweight from neutral, even if it has also shaved its price targets for several Uk listed banks. Acting as a backdrop, one
Market overview: FTSE 100 down 12
Friday 28 Oct 2011
0836: Despite the banks continuing to rise on the back of the Eurozone deal, heavyweight resource-related stocks were out of favour, dragging the Footsie into the red, as brent crude, copper and gold prices edged lower following yesterday's strong rise. RBS, Barclays, Lloyds and HSBC were among the top risers early on, while Glencore, Shell and BHP Billiton fell lower. FTSE 100 down 12 at 5,702.
UK consumer confidence enters recession territory?
Friday 28 Oct 2011
The consumer confidence index for the month of October, from market research firm GfK NOP, fell to -32 points from -30 the month before.
US close: Whirlpool's figures provoke sharp falls
Friday 28 Oct 2011
It was a mixed end to a strong week for US markets in which shares enjoyed a Eurozone bounce.
Hammerson sells further stake in French shopping centre
Friday 28 Oct 2011
Hammerson, the FTSE 100 retail-focused real estate firm, has sold off a further interest in the O'Parinor shopping centre in France for €106m, following the disposal of a majority interest last year.
Rio Tinto rail access row rumbles on
Friday 28 Oct 2011
The dispute over whether Rio Tinto should allow third-party access to its rail lines serving its Pilbara iron ore asset rumbles on, with the granting of an appeal against the Federal Court of Australia's verdict that Rio could exclude others from using it.
Commodities: Eurozone deal sparks rises across the board
Friday 28 Oct 2011
After falling almost $3 a barrel on Wednesday, the most widely traded crude oil future contract for West Texas sweet light crude (December) soared 4.2% yesterday, closing at $93.96 a barrel, its highest price in almost three months, following the agreement on how to solve the Greek debt problem.
WPP ups margin forecasts while sales accelerate
Friday 28 Oct 2011
WPP, the highly acquisitive advertising firm led by Sir Martin Sorrell, said that revenue growth accelerated in the third quarter as strong growth in the emerging markets outweighed slowing growth in North America.
WPP ups margin forecast as sales accelerate
Friday 28 Oct 2011
WPP, the highly acquisitive advertising firm led by Sir Martin Sorrell, said that revenue growth accelerated in the third quarter as strong growth in the emerging markets outweighed slowing growth in North America.
London pre-open: Advance to continue at more sedate pace
Friday 28 Oct 2011
There is still a bullish outlook in London following the Brussels summit meeting announcement on Wednesday night, but gains are expected to be modest at the outset with the FTSE 100 tipped to open around 28 points up from yesterday's close of 5,714.
Friday preview: Shire, WPP
Friday 28 Oct 2011
Up-and-coming drug group Shire may have a little more excitement to offer than its bigger peers who have already reported this week. Credit Suisse is looking for strong sales of the hyperactivity treatment Vyvanse and an update on the US regulatory filing for Replagal, a treatment for Fabry’s disease, a rare condition that causes full-body pain.
Friday tips round-up: Astra, Croda, Clinton Cards...
Friday 28 Oct 2011
AstraZeneca faces an upcoming threat in the form of generic copies of Pfizer's Lipitor cholesterol treatment in the US, notes the Investment Column in the Independent. This will present a challenge for Astra's Crestor cholesterol drug, which has been selling well. Yesterday's results showed its sales had climbed 14 per cent in the third quarter. But Crestor could lose some steam as the generic
Friday newspaper round-up: China/Eurozone, Sarkozy, Drax...
Friday 28 Oct 2011
China is very likely to contribute to the eurozone’s bail-out fund but the scope of its involvement will depend on European leaders satisfying some key conditions, two senior advisers to the Chinese government have told the Financial Times. Any Chinese support would depend on contributions from other countries and Beijing must be given strong guarantees on the safety of its investment, according
London close: Big gains on Euro hopes
Thursday 27 Oct 2011
Stocks posted big gains amid optimism following the agreements reached on the Eurozone situation last night. Banks in particular are on the attack, with Barclays and RBS posting double-digit gains.
Avanti rises on BT deal
Thursday 27 Oct 2011
Avanti's share price rose more than 3% after it announced an agreement with BT around the provision of its Business Internet Continuity product.
US third quarter GDP is in line with estimates
Thursday 27 Oct 2011
The preliminary estimate for Q3 GDP in the United States showed a 2.5% quarterly rate of increase compared to 1.3% in Q2, according to the latest data out today from the U.S Bureau of Economic Analysis (BEA).
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