Editor's Picks
Thursday newspaper round-up: Greece, BG Group, Posen...
Thursday 27 Oct 2011
European leaders reached a deal with Greek debtholders on Thursday morning that would see private investors take a 50 per cent cut in the face value of their bonds, a deep haircut that officials believe will reduce Greek debt levels to 120 per cent of gross domestic product by the end of the decade. The agreement, made just before 4am after nearly 11 hours of talks at a summit of eurozone
Thursday tips round-up: BATs, CSR, Lidco...
Thursday 27 Oct 2011
British American Tobacco, the world's second-biggest maker of cigarettes, yesterday delivered a smoking set of results for the first nine months of this year, writes the Investment Column in the Independent. The volume of cigarettes sold by the group slipped by 0.4 per cent but BAT's ability to push through hefty price rises enabled it to register a 7 per cent uplift in organic revenues. BAT
Eurozone reaches agreement on crisis response
Wednesday 26 Oct 2011
Working past midnight Eurozone officials seem to have reached agreements on a host of issues. At first glance details seem to be lacking in some regards, but there do seem to be firm agreements in place on many key issues; that may well be what matters most to markets (credible structural reforms aside) given that they can still count on the European Central Bank for an effective ‘backstop’ for
Lights out for Luminar
Wednesday 26 Oct 2011
After a valiant struggle to stay afloat amid a backdrop of tough economic conditions and high youth unemployment, nightclub operator Luminar has finally decided to hang up its dancing shoes.
London close: Nervy FTSE 100 closes higher
Wednesday 26 Oct 2011
It was another see-saw day for the FTSE 100 amid continued wrangling over the Eurozone crisis, but the top share index closed higher in line with a broadly higher showing on Wall Street.
Premium broker snap: BP attempts to win back investors with new strategy
Wednesday 26 Oct 2011
BP’s third quarter statement was welcomed by the markets yesterday as chief executive officer Bob Dudley asserted his confidence that the firm has reached a “clear turning point” and issues surrounding the Macondo well disaster can now be put to rest.
'If the euro fails, Europe fails', says Merkel
Wednesday 26 Oct 2011
German Chancellor Angela Merkel’s appearance at the Bundestag lasted around 40 minutes during which she tried to gain support from Parliament members for measures that will be discussed at today’s EU summit.
Nighthawk spreads its wings
Wednesday 26 Oct 2011
Nighthawk, the US-focused oil development and production company, has raised around £1.97m through the placing of 78,892,000 new ordinary shares at 2.5p per share.
FTSE 100 Movers: Next takes a tumble
Wednesday 26 Oct 2011
Next was one of the worst performing stocks on the FTSE 100 on Wednesday after Deutsche Bank downgraded the high street giant from buy to hold, saying that it expects share price upside to remain muted until after Christmas.
Gilts in demand in mixed bond market
Wednesday 26 Oct 2011
A sharp deterioration in industrial sentiment helped stoke demand for UK gilts.
Broker tips: Next, Stobart, Informa
Wednesday 26 Oct 2011
Next was one of the worst performing stocks on the FTSE 100 on Wednesday after Deutsche Bank downgraded the high street giant from buy to hold, saying that it expects share price upside to remain muted until after Christmas.
Premium broker snap: BP attempts to win back investors with new strategy
Wednesday 26 Oct 2011
BP’s third quarter statement was welcomed by the markets yesterday as chief executive officer Bob Dudley asserted his confidence that the firm has reached a “clear turning point” and issues surrounding the Macondo well disaster can now be put to rest.
Premium broker snap: BP attempts to win back investors with new strategy
Wednesday 26 Oct 2011
BP’s third quarter statement was welcomed by the markets yesterday as chief executive officer Bob Dudley asserted his confidence that the firm has reached a “clear turning point” and issues surrounding the Macondo well disaster can now be put to rest.
US pre-open: Stocks bounce back on better than expected data
Wednesday 26 Oct 2011
The main US equity benchmarks are being called to open higher by 1.0% on average today, bouncing back a bit from yesterday´s falls.
Broker snap: Next falls after Deutsche Bank downgrade
Wednesday 26 Oct 2011
Next was one of the worst performing stocks on the FTSE 100 on Wednesday after Deutsche Bank downgraded the high street giant from buy to hold, saying that it expects share price upside to remain muted now until after Christmas.
Aegis goes Dutch
Wednesday 26 Oct 2011
Aegis, the media marketing company, has agreed to buy the Dutch firm Kobalt Media at a fee believed to be around €18.9m.
GlaxoSmithKline beats expectations, but shares still come off initially
Wednesday 26 Oct 2011
Drug giant GlaxoSmithKline beat expectations with a rise in revenues in the third quarter.
Sharp deterioration in CBI industrial trends
Wednesday 26 Oct 2011
UK Industrial sentiment deteriorated sharply in the month of October, according to the latest quarterly survey results out from the Confederation of British Industry (CBI) this morning. Falls are to be seen in all the major sub-indexes for the three months to October, such as in those linked to orders (both domestic and for export), average unit costs (to 24 from 34), domestic prices or in
Market overview: Broker downgrades weigh on Next and Reckitt
Wednesday 26 Oct 2011
1141: Equities are still close to unchanged, ahead of this evening´s Eurozone summit and the start of a speech by the German Chancellor Angela Merkel, at noon. Not to be lost sight of either, a barrage of economic indicators is expected out stateside this afternoon. Back in London, Next and Reckitt Benckiser have both taken a knock from negative broker notes. Deutsche Bank has downgraded Next to
Volumes edge 0.6% lower at BATs
Wednesday 26 Oct 2011
British American Tobacco (BATs), the maker of Lucky Strike and Benson & Hedges cigarettes, said that overall volumes edged 0.6% down in the nine months to 30 September, but assured that there are signs that this is improving.
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