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  • Morning broker round-up

    Friday 07 Oct 2011

    Smiths Group: Nomura downgrades from neutral to reduce, target cut from 1,150p to 1,050p.

  • Friday newspaper round-up: RBS, Sterling, Steve Jobs...

    Friday 07 Oct 2011

    Nervousness is growing in Whitehall that the government might have to inject further capital into Royal Bank of Scotland as part of a European effort to recapitalise the continent’s banking system. RBS received the biggest bail-out of the 2008 crisis and is one of five blue-chip banks whose core tier one capital ratio, a key measure of financial strength, risks falling short of regulators’

  • Europe close: Bourses finish strongly as ECB lends a hand

    Thursday 06 Oct 2011

    European stock markets finished strongly on Thursday after the European Central Bank (ECB) revealed new measures to help out the Eurozone banking sector.

  • UPDATE: BoE to resume QE with £75bn injection

    Thursday 06 Oct 2011

    The Bank of England has sprung a surprise with a resumption of its quantitative easing (QE) financial stimulation programme, saying it will pump £75bn into the economy.

  • London close: Late surge propels Footsie 3.7% higher

    Thursday 06 Oct 2011

    The Footsie finished at the highest level of the day, with just four stocks in the red, as gains were built on after the opening bell in New York, which saw stocks rise on the back of a better-than-expected unemployment claims report.

  • FTSE 100 Movers: IMI rises alongside miners

    Thursday 06 Oct 2011

    Shares in global engineering group IMI climbed higher after it said that current trading has continued in line with comments made in the August interim results announcement.

  • US newspaper round-up: Steve Jobs, BNY Mellon, Income taxes...

    Thursday 06 Oct 2011

    Steven Jobs, the charismatic technology pioneer who co-founded Apple Inc. and transformed one industry after another, from computers and smartphones to music and movies, has died. He was 56. Apple announced the death of Jobs — whose legacy included the Apple II, Macintosh, iMac, iPod, iPhone and iPad. "We are deeply saddened to announce that Steve Jobs passed away today," Apple said, the Los

  • US close: Economic data and Eurozone hopes drive gains

    Thursday 06 Oct 2011

    Hopes that Europe can strengthen its struggling banks proved enough to drive optimism on Wall Street on Thursday as the major benchmarks finished between 1.6% and 1.9% higher, with each index closing at its best levels of the day.

  • Banco Santander wants more time to study Kredyt Bank

    Thursday 06 Oct 2011

    Polish daily Puls Biznesu reported that Banco Santander asked Belgium group KBC for more time to consider an offer for Polish affiliate Kredyt Bank.

  • Premium broker snap: Margins a concern at Tesco, says Evolution

    Thursday 06 Oct 2011

    Tesco’s shares performed reasonably well on Wednesday, despite the supermarket titan revealing its worst half-yearly like-for-like (LFL) sales performance in the UK in 20 years.

  • European Central Bank keeps rates unchanged

    Thursday 06 Oct 2011

    At today´s policy meeting the European Central Bank´s (ECB) Governing Council has decided to maintain its main interest rate unchanged at 1.50%.

  • The European Banking Authority examines bank strength again

    Thursday 06 Oct 2011

    The European Banking Authority (EBA) may have begun to study the strength of banks in the region as part of a potential debt restructuring in a peripheral country, according to the Financial Times (FT). The plan would identify capital deficiencies in the banking system, explains FT.

  • Market overview: Stocks off slightly, but still near highs

    Thursday 06 Oct 2011

    1514: London stocks are still trading up by quite a bit although they are slightly off of the day´s best levels, possibly after the ECB shied away from cutting its main policy rate, although the market consensus expected 'no change'. Having said that, the ECB did surprise some by announcing a new 'covered bond' programme. Eur/gbp is now moving higher by 1%. FTSE 100 up 88 to 5,190.

  • UPDATE: BoE to resume QE with £75bn injection

    Thursday 06 Oct 2011

    The Bank of England has sprung a surprise with a resumption of its quantitative easing (QE) financial stimulation programme, saying it will pump £75bn into the economy.

  • F&C waves good bye to chief executive

    Thursday 06 Oct 2011

    Struggling investment company F&C Asset Management has announced its chief executive is leaving the firm.

  • BoE to resume QE with £75bn injection

    Thursday 06 Oct 2011

    The Bank of England has sprung a surprise with a larger resumption of its quantitative easing (QE) financial stimulation programme, saying it will pump £75bn into the economy.

  • London midday: Footsie up 2% as BoE injects more money

    Thursday 06 Oct 2011

    The Footsie has held onto gains following the Bank of England's surprise move to increase its asset purchase programme by a bigger-than-expected £75bn.

  • Broker snap: Evolution downgrades Tesco to reduce

    Thursday 06 Oct 2011

    Evolution Securities has downgraded its rating for supermarket giant Tesco from neutral to reduce, saying it is concerned about falling UK trading margins in the second half.

  • easyJet passenger numbers up 8.5%

    Thursday 06 Oct 2011

    Budget airline easyJet said passenger numbers in September increased 8.5% to 5.18m from 4.77m a year before.

  • Market overview: Bank of England in QE surprise

    Thursday 06 Oct 2011

    Noon: The Monetary Policy Committee of the Bank of England has left its key lending rate unchanged, as expected, but has sprung a surprise with a resumption of quantitative easing (QE), saying it will resume the programme with a £75bn allocation. Even those economists expecting a resumption of QE, which was by no means all of them, had only expected the Bank to set aside £50bn for phase two of QE.

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