Editor's Picks
London pre-open: Pause for breath
Tuesday 11 Oct 2011
London looks set to take a pause for breath after yesterday's strong showing, with City sources predicting the FTSE 100 will crawl into the fifty-four hundreds after closing last night at 5,399.
Commodities: Eurozone optimism lifts crude and gold
Tuesday 11 Oct 2011
Crude oil price continued its winning streak on Monday, with trading lighter than usual for the US Columbus Day holiday, as it settled higher for the fourth day running.
Tuesday tips round-up: Talvivaara, Michael Page, Avon Rubber...
Tuesday 11 Oct 2011
BIt's been a tough year for investors in Talvivaara Mining, the FTSE 250-listed owner of a Finnish nickel mine, writes the Independent. As if a 29 per cent drop in the nickel price in the past six months and a series of plant stoppages in April and May weren't bad enough, the company delivered a triple whammy of bad news on Friday. Shares tumbled by a fifth at the end of last week, after
Tuesday newspaper round-up: Greek default, Labrokes, European summit...
Tuesday 11 Oct 2011
Germany is pushing behind the scenes for a "hard" default in Greece with losses of up to 60pc for banks and pension funds, risking a chain-reaction across southern Europe unless credible defences are established first. Officials in Berlin told The Telegraph it is "more likely than not" that investors will suffer fresh losses on holdings of Greek debt, beyond the 21pc haircut agreed in July. The
US close: Eurozone hopes drive gains on Wall Street
Monday 10 Oct 2011
The three US benchmarks all finished Monday at least 3% higher, helped by a Franco-German agreement that the markets are hoping will prevent the Eurozone debt crisis from turning into a full-blown disaster.
KDB Financial to buy HSBC assets
Monday 10 Oct 2011
South Korean government-owned KDB Financial Group is in talks to buy HSBC´s South Korean retail banking operations, people familiar with the situation said Monday, in the latest move in the U.K. bank's retreat from retail businesses that lack scale, according to Dow Jones Newswires.
Premier Oil sees first oil at Chim Sáo
Monday 10 Oct 2011
FTSE 250 oil and gas exploration and production firm Premier Oil said that oil production has started at the Chim Sáo field in Block 12W, offshore Vietnam.
ECB says EFSF should not be used for bank recapitalisations
Monday 10 Oct 2011
In a speech on Monday in Milan, European Central Bank (ECB) Vice President Vitor Constancio urged European leaders to implement the new instruments of the European Financial Stability Fund (EFSF) swiftly.
Bonds out of favour amid euro optimism
Monday 10 Oct 2011
With hopes that the Eurozone crisis may be nearing a resolution rising once again, there was little appetite for government debt both here and on mainland Europe.
Premium broker snap: Outlook uncertain at Michael Page
Monday 10 Oct 2011
Despite gross profits jumping 26.5% in the third quarter at FTSE 250 recruitment firm Michael Page International (MPI), brokers have showed their caution in regards to the group’s outlook.
BoE member Weale sees quite a lot of room for further QE
Monday 10 Oct 2011
Bank of England policy maker Martin Weale said yesterday, in an interview with Broadcaster SkyNews, that the monetary authority has “quite a lot of scope” for further quantitative easing if it’s deemed necessary to buttress economic growth.
UPDATE: Monday broker round-up
Monday 10 Oct 2011
Capita: Galvan Research and Trading gives buy rating and 760p target.
Europe midday: Gains lengthen
Monday 10 Oct 2011
The talk today is all of rescue and recapitalisation in the banking world, as European stock markets continue to advance on hopes that political leaders are finally getting the message about the urgent need to do something to prevent another Lehman Brothers-like disaster.
Eurozone should not expect 'miracle cure', says Merkel spokesman
Monday 10 Oct 2011
Global stocks rose moderately on Monday on hopes that an agreement between two economic powerhouses could prevent the Eurozone debt crisis from falling into a full-blown disaster. However, a German government spokesman has warned that the recent Franco-German accord would not provide the “miracle cure” that so many had hoped for.
Sterling to get stronger? Some 'market chatter' seems to think it likely?
Monday 10 Oct 2011
Is Sterling to strengthen despite the Bank of England´s decision last week to pursue another round of quantitative easing? Some ‘market chatter’ seems to point to a bias in that direction.
Dexia accepts rescue: Belgium will pay €4bn
Monday 10 Oct 2011
Troubled bank Dexia has agreed to the nationalisation of its Belgian banking division in a rescue plan that could pressure other Eurozone members to strengthen their banking sectors.
Broker snap: Bid pipeline at Capita looks strong, says Galvan
Monday 10 Oct 2011
Galvan Research and Trading rates Capita shares as a buy, saying that the firm could see an “outsourcing bid pipeline boom”.
Morning broker round-up
Monday 10 Oct 2011
Michael Page: Evolution Securities slashes target from 640p to 388p, buy rating retained.
Market overview: FTSE 100 up 47
Monday 10 Oct 2011
1230: FTSE 100 is now trading above technical resistance at 5,314 with the next level to watch for coming in at 5,450, according to technical analysts at Digital Look. Stocks have kept moving up, with the day´s highs having been established at 5,360. US pre-market equity futures are pointing, for now, to a solid start to today´s trading. Of interest, BoE member, Martin Weale´s, remarks yesterday
London open: Modest gains on hopes for Eurozone
Monday 10 Oct 2011
The Footsie edged higher in early trading on Monday, helped by developments in the Eurozone at the weekend.
You are here: news > editors picks
10 Lower Thames St,
London EC3R 6EN