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  • Finnair issues profit warning and second half loss

    Friday 07 Oct 2011

    Finnair warns that it expects a second half loss due to lower-than-expected reservations as a result of the current economic crisis.

  • US non-farm payrolls come in ahead of expectations

    Friday 07 Oct 2011

    US non-farm payrolls rose by 103,000 in the month of September, according to the latest data just out from the Bureau of Labour Statistics.

  • Loss-making 1Spatial accepts Avisen offer

    Friday 07 Oct 2011

    Management consultancy and software provider Avisen has made a recommended bid for location-based software specialist 1Spatial.

  • Broker tips: Smiths Group, Premier Foods, Hays

    Friday 07 Oct 2011

    Nomura has downgraded Smiths Group, the medical devices and airport scanner maker, from neutral to reduce, saying that the firm is “likely to grow slower than other companies in our coverage universe”.

  • US newspaper round-up: Currency wars, Wall Street protests, Goldman...

    Friday 07 Oct 2011

    The view from Washington, as seen by proponents of the China currency sanctions bill, seems clear: China’s government keeps its currency artificially low. That keeps manufacturing here cheap, which in turn makes Chinese products less expensive. U.S. companies cannot compete. Americans lose jobs. But the view from China — as gleaned from official comments, newspaper opinion pieces and interviews

  • RBS disappointed with Moody's downgrade

    Friday 07 Oct 2011

    Royal Bank of Scotland (RBS) issued a statement on Friday morning highlighting its disappointment with Moody's decision to downgrade the bank's credit rating, which poured more fuel on rumours that the firm could need an extra injection of capital from the government.

  • RBS and 11 other banks hit by downgrade

    Friday 07 Oct 2011

    UK bank stocks have been hit following a downgrade to 12 financial institutions by the credit ratings agency Moody's.

  • London open: Banks take a hit after Moody's downgrade

    Friday 07 Oct 2011

    Equities took a knock in early trading after Moody's dampened sentiment with the downgrade of 12 UK financial institutions. Stocks were expected to extend gains made over the last two days on the back of hopes for the struggling Eurozone.

  • Market overview: IMF thinks ECB rate cuts are a possibility

    Friday 07 Oct 2011

    0903: London stocks have turned around to trade slightly up. ONS will publish its latest UK producer price data at 9:30AM, but what really matters to investors is this afternoon´s employment data stateside. Nonetheless, it may be worth pointing out that there is growing nervousness in Whitehall that RBS could require an additional injection of public money as part of EU efforts to recapitalise

  • RBS and 11 other banks hit by downgrade

    Friday 07 Oct 2011

    UK bank stocks have been hit following a downgrade to 12 financial institutions by the credit ratings agency Moody's.

  • RBS and 11 others hit by ratings downgrade

    Friday 07 Oct 2011

    UK bank stocks have been hit following a downgrade to 12 financial institutions by the credit ratings agency Moody's.

  • CEO to quit as Talvivaara goes into cash-saving mode

    Friday 07 Oct 2011

    Pekka Perä, the chief executive officer of Finnish nickel and zinc miner Talvivaara Mining, is to hang up his helmet as soon as the company can find a replacement, as the company goes into cash conservation mode.

  • Imagination Technology creates graphic scenes

    Friday 07 Oct 2011

    Computer graphics chip specialist Imagination Technologies has agreed a licensing deal with Taiwanese firm MediaTek.

  • Senior agrees on new £60m bank loan

    Friday 07 Oct 2011

    Senior, the FTSE 250 manufacturing firm working in the aerospace, diesel-engine, exhaust system and energy markets, has agreed a new five-year £60m revolving credit facility maturing in October 2016.

  • Premier Foods warns on full-year profits

    Friday 07 Oct 2011

    Premier Foods, the FTSE 250 food manufacturer which has been struggling with rising raw material costs, has admitted that its third quarter results are "significantly below our expectations".

  • Vedanta Resources suffers from Indian iron ore ban

    Friday 07 Oct 2011

    Vedanta Resources, the enormous mining and metals company has seen a 36% decline in production of saleable iron ore compared to the first half of 2010.

  • London pre-open: Premier Foods issues profits warning

    Friday 07 Oct 2011

    It is looking like a case of 'after the Lord Mayor's Show' this morning, with share prices set to dawdle higher after the crash-bang excitement of yesterday's trading session, when the Bank of England's decision to resume its quantitative easing programme earlier and harder than many expected had investors scrabbling to get back into equities.

  • London pre-open: Premier Foods issues profits warning

    Friday 07 Oct 2011

    It is looking like a case of 'after the Lord Mayor's Show' this morning, with share prices set to dawdle higher after the crash-bang excitement of yesterday's trading session, when the Bank of England's decision to resume its quantitative easing programme earlier and harder than many expected had investors scrabbling to get back into equities.

  • FX round-up: Sterling tumbles to 14-month low

    Friday 07 Oct 2011

    Sterling plunged to a 14-month low against the dollar at $1.5270 on Thursday after the Bank of England's Monetary Policy Committee (MPC) caught forex traders on the hop.

  • Xstrata expands presence in Canadian coal project

    Friday 07 Oct 2011

    FTSE 100 mining giant Xstrata has - through its Xstrata Coal subsidiary - agreed to buy the Lossan metallurgical coal deposit from Cline Mining Corporation for C$40m (£24.9m).

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