Editor's Picks
Thursday newspaper round-up: 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
US close: Euro optimism lifts Wall Street
Wednesday 12 Oct 2011
Stocks finished in the blue as European leaders provided some clarity over plans to deal with the Eurozone crisis.
UPDATE: Eurozone industrial production comes in ahead of forecasts
Wednesday 12 Oct 2011
Eurozone industrial production increased by 1.2% on month and 5.3% on year in the month of August, according to the latest data from Eurostat, the EU's statistics office.
UPDATE: UK unemployment at highest since 1992, to continue rising Barclays says
Wednesday 12 Oct 2011
Employment in the United Kingdom fell by 178,000 in the quarter to the end of August 2011, according to the latest data just out from the Office for National Statistics, to 29.1m.
Vatukuola finds more gold in Fiji
Wednesday 12 Oct 2011
Vatukoula Gold Mines has discovered a new high grade ore zone at its mine in Fiji.
London close: Higher finish after choppy day
Wednesday 12 Oct 2011
London’s leading share index closed in the blue as worries over the Slovak parliament’s rejection of the European Financial Stability Fund (EFSF) gave way to optimism that it will be passed.
SimiGon moves into new markets with $5.6m contract win
Wednesday 12 Oct 2011
Simulation software provider SimiGon said it had won a multi-million dollar, five year deal to provide its technology to the mining and energy sector.
Europe open: Stocks retreat after Slovak setback
Wednesday 12 Oct 2011
As political pundits mull the implications of last night's vote in the Slovakian parliament against the motion to ratify a beefed-up version of the Eurozone bail-out fund, European stock markets have already decided that, notwithstanding expectations that the motion will be passed at the second attempt, the development is bad news.
Treatt hit by strong dollar
Wednesday 12 Oct 2011
Shares in Treatt, which makes ingredients for the flavour, fragrance and cosmetic industries, fell this morning after it said losses foreign exchange losses would mean it missing full year expectations.
Morning broker round-up
Wednesday 12 Oct 2011
BAE Systems: Investec downgrades to hold, 300p target maintained.
Spanish banks downgraded by agencies
Wednesday 12 Oct 2011
Two of the main global credit rating agencies have downgraded some of Spain's biggest banks over fears for the Spanish economy.
Spanish banks downgraded by agencies
Wednesday 12 Oct 2011
Two of the main global credit rating agencies have downgraded some of Spain's biggest banks over fears for the Spanish economy.
Peel Hotels hit by VAT rise and downturn
Wednesday 12 Oct 2011
AIM-listed Peel Hotels swung back into profit but said its market was extremely challenging and it would not pay an interim dividend.
Market overview: FTSE 100 turns around, trades up by 13
Wednesday 12 Oct 2011
1043: The London benchmark has turned around and is now trading up slightly. Amongst those who have evinced their confidence in an eventual positive outcome on the EFSF expansion vote in Slovakia are German Finance Minister Schauble. Of interest, the move higher in the Euro/dollar cross, which many take for an important barometer on risk appetite across all asset classes. In the Uk, however, the
Travis Perkins sees Wickes sales down
Wednesday 12 Oct 2011
Travis Perkins, the UK builders' merchant and DIY retailer, says like-for-like sales at its Wickes stores were down 2% in the third quarter and 0.5% on the year so far compared to 2010.
Sportingbet moves further into Denmark
Wednesday 12 Oct 2011
Online gaming group Sportingbet is paying £8.5m as it expands its presence in Denmark.
Market overview: FTSE 100 down 30
Wednesday 12 Oct 2011
0826: The FTSE 100 has fallen lower on Wednesday morning after the Slovak coalition government disagreed on the extension of the €440bn European Financial Stability Facility rescue fund. Fresnillo is the worst performer after cutting its silver production guidance for the full-year. Burberry is also lower after revealing that sales growth slowed down in the second quarter. FTSE 100 down 30 at
Meggitt wins $475m US Army contract
Wednesday 12 Oct 2011
Meggitt, the aerospace and defence engineer that joined the FTSE 100 last month, has been awarded a multi-million dollar contract with the US Army.
Fresnillo cuts silver production target
Wednesday 12 Oct 2011
An attempt to reinforce mine safety meant that miner Fresnillo saw silver production fall by 5.8% in the three months to the end of September.
WPP gobbles up Chinese digital agency
Wednesday 12 Oct 2011
WPP, the FTSE 100 advertising firm, has agreed to take a majority stake in the Chinese digital agency A4A.
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