Editor's Picks
Balfour Beatty to tackle Bristol bottlenecks
Wednesday 26 Oct 2011
Infrastructure firm Balfour Beatty is hitting the road - two roads, in fact - after being awarded a contract for work on the M4 and M5 motorways near Bristol by the Highways Agency.
London pre-open: Footsie set to dip below 5,500
Wednesday 26 Oct 2011
After yesterday's sharp reversal on Wall Street, London's top-share index is in danger of sliding below the 5,000 level this morning, with City sources predicting the FTSE 100 will open down 27 points from yesterday's close of 5,526.
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.
Commodities: Crude vaults to highest level since August
Wednesday 26 Oct 2011
Crude oil futures bolted over 2% higher on Tuesday following several weeks of falling inventory levels in the US.
China´s Jiabao promises ‘fine-tuning’
Wednesday 26 Oct 2011
In a statement last night Chinese Prime Minister Wen Jiabao indicated that economic policy will be ‘fine-tuned’ as needed, Bloomberg writes this morning. Significantly, some economists seem to have already seized on this as indicating that those restrictive monetary policy moves made to date could be loosened should economic growth slacken. As well, Mr. Jiabao has indicated that support could be
Wednesday tips round-up: ARM, BG, FCAM...
Wednesday 26 Oct 2011
A year ago, ARM Holdings forecast that about six billion of its chips would be sold in 2010, having just clocked up 1.5 billion in the third quarter, notes the Tempus column in the Times. This time around, ARM has done 1.9 billion and expects the year’s total to fall a bit short of 8 billion. These figures are worth bearing in mind when you read of tough times in the semiconductor industry and
Wednesday newspaper round-up: Italy, UK banks, ECOFIN...
Wednesday 26 Oct 2011
Italy’s prime minister was fighting on Tuesday night to stave off a collapse of his centre-right coalition government over European Union demands for more concrete economic reform measures in time for Wednesday’s highly anticipated summit of eurozone leaders. The demand came as European officials attempted to reach a final agreement on giving the eurozone’s €440bn rescue fund more firepower so
US close: Steep fall ahead of EU summit
Tuesday 25 Oct 2011
US markets took a tumble on Tuesday while investors cautiously awaited a crucial European summit on Wednesday, which hopes to implement a plan to deal with the ongoing debt crisis.
China´s Jiabao promises ‘fine-tuning’
Tuesday 25 Oct 2011
In a statement last night Chinese Prime Minister Wen Jiabao indicated that economic policy will be ‘fine-tuned’ as needed, Bloomberg writes this morning. Significantly, some economists seem to have already seized on this as indicating that those restrictive monetary policy moves made to date could be loosened should economic growth slacken. As well, Mr. Jiabao has indicated that support could be
Reckitt sales growth to slow in Q4
Tuesday 25 Oct 2011
Shares in Cillit Bang, Clearasil and Strepsils maker Reckitt Benckiser took a tumble on Tuesday after its chief executive warned of slower growth in its pharmaceuticals division.
BG raises full-year LNG profit guidance
Tuesday 25 Oct 2011
Oil and gas giant BG Group has raised its liquefied natural gas (LNG) operating profit guidance for 2011 after the division outperformed its expectations in the third quarter.
Market overview: FTSE 100 down 55, Reckitt takes a tumble
Tuesday 25 Oct 2011
1516: European equities have sunk following a poor start on Wall Street, which has seen the three US benchmarks fall by over 1%. Economic data for the month of October has knocked sentiment stateside after the Conference Board reported that the its consumer confidence index fell from 46.4 to just 39.8, a level not seen since March 2009. There are also reports that tomorrow´s Ecofin meeting has
Europe midday: Traders in mood to wait and see
Tuesday 25 Oct 2011
European markets are out of step with each other today, with the German and UK markets firmer, while France, Italy, Spain and Switzerland take the low road, as markets wait for the next chapter of the Eurozone debt crisis management story.
Main Italian parties reach agreement on pension reform, WSJ says
Tuesday 25 Oct 2011
Angelino Alfano, secretary of Mr Berlusconi’s party, was quoted Tuesday night as saying that an agreement on reform measures had been reached.
UPDATE: Tuesday broker round-up
Tuesday 25 Oct 2011
BP: Evolution Securities reiterates buy rating and target of 510p.
UBS smashes estimates, profits still drop 39%
Tuesday 25 Oct 2011
Although banking activity has dropped, Swiss bank UBS was able to beat market consensus by a significant margin in its third quarter results, despite the massive one-off charge associated with a well-publicised unauthorised trading loss.
Market overview: Sky falling as Murdoch is summoned again
Tuesday 25 Oct 2011
1144: The Footsie is scaling heights not seen since the early days of August, but today's advance is by no means across-the-board, with almost as many fallers as there are risers among the top share index's constituent list. ICAP is the worst performer, closely followed by British Sky Broadcasting. The latter is lower after the UK parliament said yesterday that the pay TV firm's chairman, James
Cineworld revenue up 0.9%
Tuesday 25 Oct 2011
Cinema chain Cineworld said it had maintained a solid performance since the end of June with total revenues up 0.9% for the 42 weeks to 20 October.
Bunzl still reliant on overseas growth
Tuesday 25 Oct 2011
Bunzl, the outsourcing group that provides procurement and delivery services, said trading has remained strong and in line with expectations in the second half of 2011.
No respite for Carpetright
Tuesday 25 Oct 2011
Retail gloom continued at flooring specialist Carpetright as group sales fell 5.2% in the second quarter.
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