Editor's Picks
Morning broker round-up
Thursday 13 Oct 2011
Tullow Oil: UBS reduces target to 1,700p from 1,720p, but maintains buy stance.
Carrefour issues another profit warning
Thursday 13 Oct 2011
Carrefour, the largest retail business in Europe, issued a new profit-warning on Thursday, citing the poor economic climate hitting the region.
Air Partner profit jumps 93%, chairman to step down
Thursday 13 Oct 2011
Aviation group Air Partner posted a 93% surge in pre-tax profit and ramped up revenue 23% to £282m despite a difficult trading environment.
New chief exec for Mouchel, but shares fall
Thursday 13 Oct 2011
Mouchel, the provider of outsourced services such as building maintenance and parking enforcement, has appointed a new chief executive.
Synergy Health in line with expectations
Thursday 13 Oct 2011
Synergy Health a provider of sterilisation services, says trading in the six months to the start of October has been in line with expectations.
Market overview: Rolls Royce and IAG provide ballast to FTSE
Thursday 13 Oct 2011
10:32 Stocks are still trading modestly lower at mid-morning. Rolls Royce is providing some ballast for the benchmark, after inking a joint venture agreement with US outfit Pratt&Whitney. IAG is up on the back of an upgrade from Deutsche Bank analysts to 'buy'. FTSE 100 down 19 to 5,423.
Ophir Energy buys Dominion Petroleum for £120m
Thursday 13 Oct 2011
Oil group Ophir Energy is to snap up smaller rival Dominion for about £120m as it seeks to beef up its East African operations.
Ladbrokes bets on tough economic climate continuing
Thursday 13 Oct 2011
Ladbrokes, the bookmakers, has seen net revenue rise 2.5% in the three months to the end of September
Ladbrokes bets on tough economic climate continuing
Thursday 13 Oct 2011
Ladbrokes, the bookmakers, has seen net revenue rise 2.5% in the three months to the end of September
BP wins approval on new project in North Sea
Thursday 13 Oct 2011
The UK government has granted oil titan BP and its partners approval to proceed with a £4.5bn project in the North Sea, one of four new oil and gas projects worth nearly £10bn over the next five years planned by the oil syndicate.
BP wins approval on new project in North Sea
Thursday 13 Oct 2011
The UK government has granted oil titan BP and its partners approval to proceed with a £4.5bn project in the North Sea, one of four new oil and gas projects worth nearly £10bn over the next five years planned by the oil syndicate.
Market overview: FTSE 100 down 21
Thursday 13 Oct 2011
0820: Shares have edged lower in early dealings, following yesterday's gains. Among companies moving after updates is the cash and carry group Booker, which climbs after reporting continuing sales growth. Banks are among the risers in the FTSE 100, led higher by Lloyds but miners fall back, most notably Indian copper miner Vedanta and Mexican silver miner Fresnillo. FTSE 100 down 21 at 5,420.
Rio Tinto going flat out
Thursday 13 Oct 2011
Mining behemoth Rio Tinto set new quarterly records for iron ore sales and hard coking coal production in the third quarter, as Mother Nature eased up on the firm's mining operations.
London pre-open: Yesterday's gains to be surrendered
Thursday 13 Oct 2011
The top-share index is set to give back most of yesterday's gains despite a firm showing last night by Wall Street and rises this morning in Asia. City sources predict the FTSE 100 will open down 37 points from yesterday's close of 5,442.
Healthy profit rise at Booker
Thursday 13 Oct 2011
Cash and carry group Booker has demonstrated its resilience in the tough economic climate with a 22% rise in pre-tax interim profits.
US close: Euro optimism lifts Wall Street
Thursday 13 Oct 2011
Stocks finished in the blue as European leaders provided some clarity over plans to deal with the Eurozone crisis.
Commodities: Crude snaps winning streak
Thursday 13 Oct 2011
Crude oil futures snapped its five-day winning streak to settle the day lower as concern about slowing demand in the US and China fuelled mild profit taking.
FX round-up: Bailout hopes boost euro
Thursday 13 Oct 2011
Fresh optimism that Europe is on the right road to manage its debt crisis sent the euro past $1.38 on Wednesday.
Thursday newspaper tips: BAE, Speedy Hire, Rockhopper
Thursday 13 Oct 2011
Since exiting the passenger jets market some years ago, BAE has been an entirely defence-focused business. Today, about half the workload comes from the UK military and about a fifth from the UK defence establishment. This is not a good place to be; last month the company announced about 3,000 job losses in its Typhoon programme. With defence cuts set to continue and earnings likely to be flat
Thursday newspaper round-up: Europe banks, SSE, BP
Thursday 13 Oct 2011
Europe’s banks may be asked to accept losses of up to 50% of their holdings in Greek sovereign debt, it emerged yesterday. The call could come after EU leaders gather for a summit on October 23 to forge a once-and-for-all solution to the crisis that has engulfed the eurozone, according to officials in Brussels, the Times reports.
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