Thursday 29 Sep 2011

Thursday newspaper round-up: Northern Rock, emerging markets, bank regulations

Thursday 29 Sep 2011

The Treasury and Financial Services Authority are heading for a clash over a proposal to allow bidders for Northern Rock’s “good” bank to take about £500 million out of the lender. The Treasury is keen to achieve a price of £1 billion and is exploring the idea of allowing the successful bidder to liberate about half of it after the deal, sources said, according to the Times.

US close: Stocks fall but Fire lights up Amazon

Wednesday 28 Sep 2011

Stocks were trading lower at the closing bell as worries over the Eurozone situation resurfaced.

Broker tips: Domino's Pizza, Aberdeen Asset, Burberry

Wednesday 28 Sep 2011

Peel Hunt has lowered its recommendation on on Domino's Pizza to "hold" from "buy" on valuation grounds, despite a strong trading update from the pizza deliverer.

Broker tips: Domino's Pizza, Aberdeen Asset, Burberry

Wednesday 28 Sep 2011

Peel Hunt has lowered its recommendation on on Domino's Pizza to "hold" from "buy" on valuation grounds, despite a strong trading update from the pizza deliverer.http://static.digitallook

Red Emperor drilling hampered

Wednesday 28 Sep 2011

Red Emperor Resources has successfully recovered a lost drill collar at the Mukhiani Well in Georgia, while a new one was delivered to site late last week, the firm said.

Red Emperor drilling hampered

Wednesday 28 Sep 2011

Red Emperor Resources has successfully recovered a lost drill collar at the Mukhiani Well in Georgia, while a new one was delivered to site late last week, the firm said.

US midday: Stocks turn mixed on nervousness over Eurozone

Wednesday 28 Sep 2011

US stocks are now trading ‘mixed’ (Dow Jones Industrial: 23, Nasdaq Comp.: -9, S&P 500: -1) on the back again –possibly- of nervousness over the situation in Greece, and despite better than expected economic data out this afternoon.

Personal Group set for reprise of record half

Wednesday 28 Sep 2011

Employee benefits and insurance firm Personal Group said the first half of 2011 was the best six-month period it has ever experienced in its 27-year existence, while the second half of 2011 could be as good, or even better.

FTSE 100 Movers: Man Group weighing down index

Wednesday 28 Sep 2011

Hedge fund manager Man Group took a dive after revealing that the group's 'long only' portfolios had taken a battering.

EU presses forward with financial transaction tax

Wednesday 28 Sep 2011

The European Commission has said it plans to introduce a financial transaction tax on all EU member states.

Range Resources gets $15m investment

Wednesday 28 Sep 2011

US-based investment firm Socius Capital has invested $15m in AIM-Listed oil and gas exploration firm Range Resources.

Market overview: Smiths Group takes the lead on the FTSE

Wednesday 28 Sep 2011

1437: London equities have backtracked a little bit more as opposed to this morning despite the release of better than expected durable goods orders stateside this afternoon and the decision by Finland´s Parliament to approve an increase in the effective size of the Euroland rescue fund, the 'so-called' EFSF. Smiths Group is now leading gains on the benchmark despite what some analysts have

TA: Go long Google with a stop-loss order below $473

Wednesday 28 Sep 2011

Despite the crisis of recent months, the fact is that the technological sector is resisting the downward pressure relatively well. At its worst, it is trading in a range and not a bearish trend like other sectors.

BP has no comment on possible Indonesian LNG plant expansion

Wednesday 28 Sep 2011

Oil giant BP would not be drawn this morning on reports it could quadruple the size of its $5bn Indonesian gas plant.

Credit Agricole may be preparing asset sales

Wednesday 28 Sep 2011

French bank Credit Agricole may be preparing to sell assets, according to the Financial Times, in order to improve its capital position following a Moody's rating cut. Such an announcement could be made today.

Market overview: BG leads the way as FTSE 100 turns positive

Wednesday 28 Sep 2011

1120: The top share index has moved into positive territory now as hopes that the Eurozone situation will be resolved build. European Commission president Jose Manuel Barroso has called on the European Central Bank to do everything in its power to maintain stability in the Eurozone. BG Group leads the risers after an upgrade to "conviction buy" at Goldman Sachs and a report in the Daily Mail

Tullow chuffed with latest appraisal well result

Wednesday 28 Sep 2011

Irish oil company Tullow Oil says it is close to declaring its Enyenra and Tweneboa development a commercial proposition, after drilling of the Enyenra-3A appraisal well, in the Deepwater Tano licence offshore Ghana, encountered oil.

Future considers more options for struggling US business

Wednesday 28 Sep 2011

Future, the publisher behind magazines such as Classic Rock and Guitar World, is considering “a wider range of strategic options” for its struggling US operations, having previously planned to accelerate their transformation into a mainly online business.

Domino's Pizza delivers more sales growth

Wednesday 28 Sep 2011

Domino’s Pizza shrugged off weak economic conditions to post a 9.8% rise in sales in the 13 weeks to 25 September.