Editor's Picks
Eurozone producer price inflation slows in August
Tuesday 04 Oct 2011
Eurozone producer-prices fell by 0.1% month-on-month in August, according to the latest data from the EU Statistics office, Eurostat.
Dexia collapse: a frightening signal for Europe
Tuesday 04 Oct 2011
Dexia bank, one of the victims of the financial crisis back in 2008 looks like becoming a victim a second time around as its share price plummets on fears over its exposure to Greek debt.
Carillion on target for 2011
Tuesday 04 Oct 2011
Carillion, the support services firm, says it will meet market growth expectations for the full year following the £298m acquisition of Carillion Energy in April.
Morning broker round-up
Tuesday 04 Oct 2011
Tesco: UBS upgrades from neutral to buy, target hiked from 410p to 510p.
Rumours swirl around Home Retail?
Tuesday 04 Oct 2011
The retail chain Home Retail is apparently again the subject of take-over talk. Amongst the possible suitors which are being bandied about are Wal-Mart or a US private equity fund, according to a report in Reuters which in turn cites The Times newspaper.
AZ in strategic bolt-on Indian acquisition
Tuesday 04 Oct 2011
AZ Electronics, which produces speciality chemical materials to technological manufacturers, has acquired the polysilazanes coatings and resins business of Swiss firm Clariant AG, for a cash consideration of around €4m.
Walker Greenbank confident for year ahead
Tuesday 04 Oct 2011
Aim quoted luxury interior furnishings company Walker Greenbank reported solid progress over the first half of the year following strong revenue growth in export markets including Russia, Japan and China.
London open: Financial drag Footsie towards 5,000
Tuesday 04 Oct 2011
The poor performance seen Monday has continued with the Footsie dropping towards the 5,000 mark once again in the opening minutes, as concerns in the Eurozone continue to dominate the markets.
Commodities: Crude oil skids 2%
Tuesday 04 Oct 2011
Concern about a Greek default sent crude oil prices sharply lower for a second consecutive day.
FX round-up: Euro clobbered as drive to safety continues
Tuesday 04 Oct 2011
Uncertainty about whether Greece will receive a further emergency aid package sent the euro sharply lower against major currencies on Monday.
China criticises US moves on currency bill
Tuesday 04 Oct 2011
The US Senate yesterday approved opening a week of debate on the Currency Exchange Rate Oversight Reform Act of 2011, which if approved would allow the US government to slap duties on exports from those countries found to be subsidizing their industries via an undervalued exchange rate.
Tuesday tips round-up: Electrocomponents, European Goldfields, Avanti...
Tuesday 04 Oct 2011
It's nearly two years since the Electrocomponents share price has been this low, says the Investment Column in the Independent. The aptly named distributor of electrical components has been under the cosh because of worries about the world economy. Taken as a whole, the first half numbers look fine and dandy: group revenue grew by 11 per cent year on year, with the international business up 14
Tuesday newspaper round-up: Greece, Shell, Osborne...
Tuesday 04 Oct 2011
Eurozone finance ministers have put off until next month any decision to give the green light for a further €8bn bailout for Greece despite recognising that the Athens government had made some considerable progress in slashing the country's debts. Jean-Claude Juncker, Eurogroup chairman, repeatedly made plain early on Tuesday that none of the eurozone countries was urging a Greek default and
US close: S&P 500 hits lowest point in over a year
Monday 03 Oct 2011
The final quarter of the year started no better than the previous one ended, with fears over the Greek debt crisis prompting a wave of selling.
Europe close: Afternoon sees damage limitation
Monday 03 Oct 2011
After a torrid morning session, which saw losses across the board as Greek debt concerns resurfaced, Europe's main markets stabilised at their lower level in the afternoon session.
London close: Greek worries continue as Footsie drops 1%
Monday 03 Oct 2011
Losses in London were trimmed by the end of trade on Monday after a relatively better start on Wall Street, as US benchmarks fell by just a few points. Nevertheless, concerns over the Greek deficit continued to weigh on sentiment in Europe, with major markets across the continent suffering falls of at least 1%.
Fitch lowers global growth estimates
Monday 03 Oct 2011
In is latest quarterly 'Global Economic Outlook' report, Fitch Ratings lowered its growth estimates for major developed economies (MAE) due to weaker production in the second quarter and MAE growth stalling at rates not seen since 2009.
BP's sale of Argentinean stake faces difficulties
Monday 03 Oct 2011
BP is having difficulties selling its stake in Argentine business Pan American Energy, according to reports in The Sunday Times.
UPDATE: UK PMI shows manufacturing recovery remains fragile
Monday 03 Oct 2011
UK manufacturing returned to growth in September according to the respected Markit/CIPS Purchasing Managers Index, but the general trend of the last three months is sharply downwards.
Premium broker snap: Citi upgrades Antofagasta to hold
Monday 03 Oct 2011
Citi has upgraded Chile-based copper mining giant Antofagasta from sell to hold on the back of last month’s sell-off in the shares.
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