Editor's Picks
UPDATE: Broker tips roundup
Monday 26 Sep 2011
Ashmore: RBS has upgraded to ‘buy’ from ‘hold’. Has lowered price target to £4.04 from £4.15.
Netcall to pay first dividend
Monday 26 Sep 2011
Telecoms software provider Netcall said it had performed ahead of market expectations over the last year and would pay its first ever dividend.
UPDATE: Broker tips roundup
Monday 26 Sep 2011
Ashmore: RBS has upgraded to ‘buy’ from ‘hold’. Has lowered price target to £4.04 from £4.15.
US midafternoon: Stocks go into the blue, Fed speakers stand out
Monday 26 Sep 2011
The major US equity benchmarks are still trading ‘mixed’ at midday (Dow Jones: 144, Nasdaq Comp.: -14, S&P 500: 8) on the back of ‘mixed’ news, for lack of a better word, regarding the possibility of a concerted push by European authorities to put out the Eurozone crisis once and for all.
Market overview: FTSE 100 down 1 at 5,066
Monday 26 Sep 2011
1548: London equities are now bouncing back modestly following a late afternoon downdraft that had dragged them back into the red. Doubts regarding Eurozone resolve, weak trading stateside (with Apple standing out on the downside) and lacklustre US economic data are the likeliest culprits. Of interest, PIMCO chief executive officer El-Erian now foresees a recession in Europe in 2012, which will
Tuesday preview: AG Barr to update on Irn-Bru invasion
Monday 26 Sep 2011
Scotland is the only country in the world where Coca-Cola is not the market leading fizzy pop drink, and it is also down to the success of Irn-Bru, the drinking man’s morning-after pick-me-up, concocted by AG Barr.
BAE systems may slash 3,000 jobs
Monday 26 Sep 2011
The UK's main defence contractor, BAE Systems, appears set to shed 3,000 jobs as it sees a slump in orders for its Typhoon aircraft.
Scottish and Southern presses nuclear button
Monday 26 Sep 2011
Scottish and Southern Energy, one of the UK's biggest power companies has withdrawn from its nuclear joint venture NuGen.
Market overview: FTSE 100 up 50
Monday 26 Sep 2011
1157: Stocks are now at the day's highs following earlier weakness and on the back of hopes that European authorities may have been spurred into action by the risk of important and impending financial market dislocations. As was to be expected, it's insurers and Banks which are leading on the upside on the London benchmark, possibly due to some 'short-squeezes'. On the M&A front, Reed Elsevier
Market overview: FTSE 100 up 44
Monday 26 Sep 2011
1030: The leading share index is in positive territory now, with banks among the stocks helping to drive the rebound. RBS is leading the way, joined higher by Lloyds and Barclays. Miners are still under the cosh though with silver specialist Fresnillo at the bottom of the pile. FTSE 100 up 44 at 5,111.
Market overview: FTSE 100 down 10 to 5,057
Monday 26 Sep 2011
0941: Stocks are now bouncing back on the back of rumours that European authorities are working on plans to vastly expand the current firepower of the EFSF. Nonetheless, some analysts, such as at Goldman Sachs, are highlighting that one should not expect anything imminent, give the nature of the political process in Europe. As well, a top official from S&P has pointed out to Reuters some of the
Goldman Sachs does not believe EFSF increase can be imminent
Monday 26 Sep 2011
Huw Pil, at Goldman Sachs, has this morning given his view regarding the news-flow out this past weekend regarding the intention of European authorities to increase the European Financial Stability Fund’s (EFSF) firepower.
Tesco man to chair Intertek
Monday 26 Sep 2011
Safety testing company Intertek has appointed David Reid, who currently chairs the supermarket giant Tesco, as its new chairman.
PIMCO Chief predicts Euro recession of 1 - 2%
Monday 26 Sep 2011
Mohamed El- Erian, the Chief Executive of Pacific Investment Management Co (PIMCO), which has the biggest bond fund in the world, believes recession is looming for the developed world.
London pre-open: Footsie to fall below 5,000
Monday 26 Sep 2011
Taking its lead from Asian markets, where continuing concerns over the Eurozone debt crisis have prompted a wave of selling, the blue-chip index in London is set to dive below the psychologically important 5,000 level at the outset, with City sources predicting the FTSE 100 will open down 79 points from Friday's close of 5,067.
Aberdeen Asset sees profits at top end
Monday 26 Sep 2011
Fund manager Aberdeen Asset Management says its profits for the full year will be at the top end of analysts’ forecasts despite the recent volatility in markets.
Reed Elsevier gobbles up Accuity
Monday 26 Sep 2011
Reed Elsevier, the publishing and business information giant, is to pay £343m in cash for Accuity Holdings, a US financial services compliance specialist.
Bunzl in acquisition spree
Monday 26 Sep 2011
Outsourcing and distribution group Bunzl has secured two further acquisitions and announced the completion of the acquisition of Majestic Products.
Sunday tips round-up: MP Evans, Brooks Macdonald, Glaxo
Monday 26 Sep 2011
Financial markets took a beating this past week, with the dollar surging against sterling, and a pound buying only $1.54 compared with $1.67 at its 2011 peak in May — a gain of 7.5% for the US currency. Some observers, however, believe some opportunities may have opened up, says the Sunday Times. Thus, some experts are encouraging the braver investors to pick up high-yielding defensive stocks
Eurozone prepares €3Tn financial rescue package, Sunday Times says
Saturday 24 Sep 2011
European leaders are drawing up a €3tn (£2.6tn) plan to save the Euro by recapitalising banks, giving more firepower to a bailout fund and allowing Greece to default on its debts. The bold scheme was discussed at yesterday’s meeting of the G20 finance ministers, reports The Sunday Times, and could be unveiled within days.
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