Editor's Picks
London pre-open: BP and Anadarko reach agreement
Monday 17 Oct 2011
London looks set to start the week on the front foot, with City sources predicting a near 50 point rise at the outset.
"The only thing we have to fear is fear itself" Franklin D Roosevelt, 1933
Monday 17 Oct 2011
So just how frightened are we? I am sure many will recall Clint Eastwood’s memorable line as Inspector Harry Callahan points a huge magnum (revolver, not ice cream) at a flailing and failing bank robber - “Do you feel lucky, punk?” Now just replace punk with the term “punter” and I can almost hear a similar intonation as the stock traders and bookies urge the would-be investor back into the
FX round-up: Euro surges against dollar
Monday 17 Oct 2011
The euro rose strongly against the dollar on Friday as investors took a more upbeat view of how European leaders are going to tackle the eurozone debt crisis.
Commodities: Crude bounces 3%
Monday 17 Oct 2011
Hopes that Eurozone leaders may be able to resolve the sovereign debt crisis sent crude prices soaring 3.1% on Friday, a three-week high.
Monday newspaper round-up: G20, Deutsche Bank, BHP Billiton...
Monday 17 Oct 2011
Top officials from the US Treasury and the International Monetary Fund are privately worried that Europe’s `Grand Plan’ to overcome the debt crisis is fundamentally deficient and may fail to restore market confidence. G20 finance ministers praised Europe’s efforts to “maximise the impact” of the EU’s €440bn bail-out fund (EFSF) and ensure that the region’s banks are “adequately capitalised”, but
Sunday newspaper tips round-up: Unilever, African Barrick, 4imprint
Sunday 16 Oct 2011
Anglo-Dutch consumer goods giant Unilever is often seen as an undynamic company but Questor in the Telegraph notes that its shares hit an all-time high on Friday, after it unveiled a deal to buy Russian personal-care company Concern Kalina. The price looks good, at 11.7 times earnings before interest, taxes, depreciation and amortisation, with the consumer products giant paying an average
Sunday newspapers round-up: Murdoch, UK GDP has 'stalled', BP ...
Sunday 16 Oct 2011
America's two largest public pension funds have increased the pressure on Rupert and James Murdoch to step down from the board of News Corporation just days before the billionaire family faces a showdown with shareholders at the company’s annual meeting, informs the Sunday Telegraph. The call to action from the $146.6bn California State Teachers’ Retirement System and the $226bn California Public
US close: Google helps power strong gains
Friday 14 Oct 2011
Heartening economic and corporate news and optimism over the Eurozone crisis sent stocks higher heading into the weekend.
London close: Higher finish amid euro optimism
Friday 14 Oct 2011
The top share index closed off earlier highs but still buoyant ahead of the weekend amid optimism after Thursday's vote by Slovakia to expand the Eurozone' rescue fund lifted sentiment.
Premium broker snap: Brokers slash estimates for Renishaw
Friday 14 Oct 2011
Following Thursday’s revelation by Renishaw that first quarter revenue growth was below expectations, three brokers have reviewed their forecasts for the precision tools maker, cutting their respective target prices by a significant amount.
Broker snap: RBS doesn't need to raise capital, says Evolution
Friday 14 Oct 2011
Evolution Securities has reiterated its buy rating and 40p target for part-nationalised lender Royal Bank of Scotland (RBS), saying “don’t let the facts get in the way of a good story”.
UPDATE: Tuesday broker round-up
Friday 14 Oct 2011
Renishaw: finnCap downgrades from buy to hold, cuts target from 1,775p to 940p.
Market overview: FTSE 100 up 67
Friday 14 Oct 2011
1600: Stocks are going strong after a bright start on Wall Street. Automotive and aerospace engineer GKN leads the way now. FTSE 100 up 67 at 5,470.
Broker snap: Evolution ups target for Rolls-Royce after $3bn+ deal
Friday 14 Oct 2011
After putting its forecasts under review yesterday, Evolution Securities has upped its numbers for power systems giant Rolls-Royce following the firm’s disposal of its stake in International Aero Engines (IAE), a deal which the broker estimates has a net present value above $3bn.
Bowleven finds oil off Cameroon
Friday 14 Oct 2011
West Africa-focused oil and gas group Bowleven has made a big discovery off Cameroon.
IMF mission will head to Spain next week
Friday 14 Oct 2011
Next week a technical mission from the International Monetary Fund´s Capital Markets Department will arrive in the Spanish capital, Madrid, for meetings at the central bank, according to market reports now making the rounds in Spain.
Unilever snaps up Russian beauty group
Friday 14 Oct 2011
Consumer goods giant Unilever has strengthened its position in emerging markets with the acquisition of Russian beauty company Concern Kalina for RUB21.5bn (£440m).
S&P cuts Spain rating to AA- from AA with negative outlook
Friday 14 Oct 2011
Last night Standard & Poor's cut Spain's public sector debt rating to AA- from AA at the same time that it announced that it is maintaining a negative outlook on the same; in effect leaving the door open to future cuts.
Morning broker round-up
Friday 14 Oct 2011
Ferrexpo: UBS upgrades from neutral to buy, target cut from 500p to 440p.
Market overview: SSE hits back at Ofgem claims
Friday 14 Oct 2011
1115: Gas and electricity group SSE has hit back at claims by the energy regulator OfGem that profit firms energy companies make from each customer a year have increased to £125. "The approach adopted by Ofgem in calculating this figure is entirely theoretical and does not reflect how a responsible energy supply business manages its energy procurement strategy in reality," SSE says. Meanwhile,
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