Editor's Picks
London close: Footsie jumps over 3% to finish above 5,100
Wednesday 05 Oct 2011
The Footsie finished near its intraday highs, as it jumped back towards the 5,100 level, after a modest start on Wall Street. Global sentiment was lifted last night after on the back of comments from the European commissioner for economic and monetary affairs.
US pre-open: Slight gains expected ahead of ISM data
Wednesday 05 Oct 2011
The main New York equity benchmarks are expected to open slightly higher today, following on the heels of the ‘short-squeeze’ seen in last night´s trading.
UPDATE: Wednesday broker round-up
Wednesday 05 Oct 2011
Sainsbury: H2O Markets downgrades to hold.
IMF sees ECB rate cuts as a possibility
Wednesday 05 Oct 2011
In its just released Regional Economic Outlook the International Monetary Fund (IMF) projects that growth for all of Europe will slow from 2.3% in 2011 to 1.8% in 2012. Worth noting, the Washington based lender says that, “the projections are predicated on the assumption that strong action is taken to contain the current crisis.”
Sportingbet beats forecasts, reports strong start to new year
Wednesday 05 Oct 2011
Sportingbet, the online sports betting firm in discussions with Ladbrokes over a possible takeover, reported that the new financial year has started well as it beat earnings forecasts in the year ended 31 July despite tough comparatives.
London midday: Retailers in focus, markets shrug off Italian downgrade
Wednesday 05 Oct 2011
Outweighing concerns over Italy's credit rating were hopes that the Europe will strengthen its struggling banks as stock markets across the continent extended their gains at lunchtime on Wednesday.
Mothercare shares plummet on weak UK performance
Wednesday 05 Oct 2011
Mothercare, the FTSE 250 retailer which also operates the Early Learning Centre brand, has seen its share price plummet 30.6% on news of a 9.6% decline in like-for-like sales in the UK in the last quarter.
UK service sector PMI comes in better than expected, but companies eat into backlogs -UPDATE
Wednesday 05 Oct 2011
The purchasing managers´ index for the service sector in the month of September has come in at 52.9, versus 51.1 the month before, according to Markit/CIPS.
Flybe shares nosedive
Wednesday 05 Oct 2011
Regional airline Flybe saw its share price plummet 40% after it said total first half revenues were around 1% below management's expectations.
Eurozone services PMI comes in weaker than expected
Wednesday 05 Oct 2011
The Eurozone purchasing managers index for the month of September has come in at 48.8, below the ‘flash’ estimate of 49.1, according to Markit.
UPDATE: Wednesday broker round-up
Wednesday 05 Oct 2011
Sainsbury: H2O Markets downgrades to hold.
Morning broker round-up
Wednesday 05 Oct 2011
Tesco: Baadar Bank confirms buy rating and 500p target.
London open: Footsie jumps back above 5,000, retailers mixed
Wednesday 05 Oct 2011
The Footsie has clawed its way back over the 5,000 level on Wednesday morning, with just four stocks registering losses, following on from a dramatic rally on Wall Street late Tuesday night.
Tesco heading for break-even in the US, Asia booming
Wednesday 05 Oct 2011
Tesco the British retail giant, has seen total sales grow 8.8% in the half year to the end of August.
Robust pipeline at Wood Group
Wednesday 05 Oct 2011
Oilfield support services giant Wood Group said performance in the year to date has been in line with expectations, with the order backlog and bidding pipeline in good shape.
BTG hikes half-year sales guidance
Wednesday 05 Oct 2011
FTSE 250 specialist healthcare firm BTG revealed on Wednesday that its overall financial performance in the first half has been "well ahead of expectations", helped by its Licensing & Biotechnology division.
Premier Oil set to get an EnCore
Wednesday 05 Oct 2011
Oil firm Premier Oil has launched a £221m recommended takeover for smaller rival EnCore Oil.
Sainsbury accelerates sales in second quarter
Wednesday 05 Oct 2011
Sainsbury announced on Wednesday that total sales in the first half grew by 7.6% (+4.3% excluding fuel) in a statement which focused mainly on its confidence in its latest scheme to promote own label ranges.
London pre-open: Stocks to rebound
Wednesday 05 Oct 2011
After yesterday's shake-out stocks are set to rebound strongly this morning with City traders saying that a triple-digit rise from last night's close of 4,944 is not out of the question.
Marston's upbeat despite headwinds
Wednesday 05 Oct 2011
Pubs group Marston's said trading momentum for the year has been encouraging, despite the difficult trading environment.
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