Editor's Picks
US pre-open: Strong results from McDonalds
Friday 21 Oct 2011
The main US equity benchmarks are now being called to open higher by almost 1% on average. The above on the back of better than expected results from companies such as McDonalds (at new 52 week highs in the pre-open), Verizon and Sandisk.Quarterly figures out from the likes of Compuware, Maxim Integrated and Schlumberger, however, have come in weaker than expected.
Domino's Pizza shares fall as directors pocket £12m
Friday 21 Oct 2011
A round-up of the biggest director buys today so far.
Broker tips: Ocado, Thomas Cook, Colt
Friday 21 Oct 2011
Analysts at Bank of America-Merrill Lynch have been running the rule over Ocado’s distribution centre and have concluded that the grocery delivers recent problems have been due to supply issues that can be overcome rather than a downturn in demand.
Europe midday: Stocks rise ahead of weekend meeting
Friday 21 Oct 2011
Stocks are buoyant as investors look ahead with optimism to a weekend meeting of European leaders.
Domino's Pizza shares fall as directors pocket £12m
Friday 21 Oct 2011
A round-up of the biggest director buys today so far.
London midday: Thomas Cook and Ocado lead the advance
Friday 21 Oct 2011
Stocks have are in the blue as some strong performances from individual stocks provide a welcome distraction from the Eurozone crisis.
Eurozone to merge both rescue funds?
Friday 21 Oct 2011
Instead of substituting the €440bn European Financial Stability Fund in mid-2013 with the €500bn European Stability Mechasnism a consensus is emerging on merging the two funds, according to Bloomberg News.
France could be downgraded under a stressed scenario
Friday 21 Oct 2011
Under a 'stressed' economic scenario France could be among those Eurozone sovereigns whose ratings would be cut, indicated Standard&Poor´s in a report published this morning.
France could be downgraded under a stressed scenario
Friday 21 Oct 2011
Under a 'stressed' economic scenario France could be among those Eurozone sovereigns whose ratings would be cut, indicated Standard&Poor´s in a report published this morning.
Europe open: Banks in demand ahead of EU summit
Friday 21 Oct 2011
The banking sector gave European markets a lift on Friday, as investors look ahead with optimism to a weekend meeting of European leaders.
Pressure Tech profits to miss target
Friday 21 Oct 2011
Shares in high pressure systems engineer Pressure Technologies tumbled on Friday morning after revealing that results for the year ended 1 October will be under market expectations.
HSBC is weighing a bid for Denizbank, FT says
Friday 21 Oct 2011
HSBC is this morning being reported by the Financial Times as being one of three financial institutions that are weighing a bid for franco-belgian investment bank Dexia´s Turkish retail operations, under the Denizbank brand.
No European decision until Wednesday at the earliest. Enter the IMF?
Friday 21 Oct 2011
European leaders have confirmed that the high stakes summit on Sunday, aimed at drafting a comprehensive plan to deal with the crisis which has provoked upheavals in periphery debt markets, will finally go through. However, no solution is expected to be reached at the same.
Banking agreement boosts Thomas Cook
Friday 21 Oct 2011
Shares in Thomas Cook took off after the troubled travel group said it had reached agreement with its bankers to amend the terms of its existing facilities while securing an extra £100m of headroom.
Market overview: FTSE 100 up 43
Friday 21 Oct 2011
1046:Stocks are now at the day´s highs, possibly on the back of the news-flow regarding different possible proposals for Eurozone rescue efforts. Of interest, reports in today´s FT that HSBC might be interested in bidding for Dexia´s retail assets in Turkey and that Anglo American could incur in a $1bn pound tax hit if the Chilean government follows through on plans to buy some of its
Market overview: Thomas Cook takes off after bank deal
Friday 21 Oct 2011
0820: Shares in Thomas Cook have roared higher after the travel group agreed an amendment to its banking facilities that could help it to recover following a string of profit warnings. In other company news today, Agrekko is lower despite the temporary power supplier upping its profit expectations. FTSE 100 up 15 at 5,400.
Aurelian ups stake in Polish concessions
Friday 21 Oct 2011
Europe-focused exploration and production company Aurelian Oil & Gas has raised its stake in two Polish concessions in the west of the country.
London pre-open: Stocks seen higher before EU summit
Friday 21 Oct 2011
The FTSE 100 in London is expected to climb back above the 5,400 mark in the opening minutes on Friday, as investors look ahead with optimism to the weekend's crucial summit in European. City sources predict that the blue chip index will open up 37 points or so from yesterday's close of 5,385.
Aggreko raises profit guidance
Friday 21 Oct 2011
Aggreko, the provider of temporary power for events such as sports contests and concerts, has raised its profit guidance for the full year after a strong performance in the third quarter.
Friday newspaper round-up: Euro, G4S, William Hill, stamps
Friday 21 Oct 2011
Hopes of a “big bang” deal on Sunday to save the euro were fading last night as Germany and France failed to bridge differences on boosting the zone’s €440bn rescue fund and Angela Merkel cancelled a scheduled speech to Parliament before the weekend EU summit. After talking down expectations all week, the Germans said they expected the Sunday session in Brussels to produce no deal on increasing
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