Editor's Picks
Sunday newspaper roundup: EFSF, UK QE, water bills, Italy
Friday 23 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 Sunday Times. The bold scheme was discussed at yesterday’s meeting of the G20 finance ministers (…) and could be unveiled within days. Sources at the Washington meeting said the Eurozone leaders had been spurred
Market overview: FTSE 100 back above 5,000
Friday 23 Sep 2011
1515: Stocks have rallied following a higher start on Wall Street. Banks have rediscovered their earlier strength, with Lloyds, RBS and Barclays among the 10 biggest climbers. Silver miner Fresnillo now leads the mining sector lower. FTSE 100 down 5 at 5,036.
Sunday tips round-up: MP Evans, Brooks Macdonald, Glaxo
Friday 23 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
UPDATE: Friday broker round-up
Friday 23 Sep 2011
Tesco: Evolution upgrades from sell to neutral.
Broker tips: Tesco, easyJet, Axis-Shield
Friday 23 Sep 2011
Evolution Securities has upgraded supermarket giant Tesco from sell to neutral, on the back of a £500m price repositioning which begins next week.
London midday: FTSE 100 below 5,000 points
Friday 23 Sep 2011
This morning's rally is a distant memory now with stocks tumbling below the 5,000 point mark as nerves set in again.
US close: Good end to a bad week
Friday 23 Sep 2011
US benchmarks finished moderately higher on Friday, despite some volatile trade, but finished well down on the week, with the Dow Jones Industrial Average registering its worst weekly performance in nearly three years.
SSE pulls out of nuclear venture to go green
Friday 23 Sep 2011
Scottish and Southern Energy (SSE) has dropped out of a joint venture with fellow power companies GDF Suez and Iberdrola to develop a nuclear power station to focus on renewable energy.
Morning broker round-up
Friday 23 Sep 2011
Tesco: Evolution upgrades from sell to neutral.
Tesco's 'Big Price Drop' angers rivals
Friday 23 Sep 2011
Supermarket giant Tesco has revealed details of its ‘Big Price Drop’, a £500m price offensive which it claims will provide immediate help to struggling families.
Moodys cuts ratings for eight Greek banks
Friday 23 Sep 2011
Moody's has lowered the credit ratings for eight Greek banks by two notches due to domestic economic problems and diminishing deposits.
London open: Lloyds, RBS and Barclays lead rally
Friday 23 Sep 2011
Shares have staged an impressive rally after yesterday’s slide, with banking trip Lloyds, RBS and Barclays setting the pace in the FTSE 100.
Falling stock markets hit 3i's value
Friday 23 Sep 2011
Private equity and infrastructure investor 3i said the value of its portfolio will be lower at the half year due to falling stock markets.
Commodities: Copper hits lowest mark since 2008
Friday 23 Sep 2011
Copper futures have hit their lowest mark since 2008 after a China factory index signalling contraction fuelled rumours that demand for metal will fall amid signs of economic slowdown.
Capita acquires police software group
Friday 23 Sep 2011
Capita, a provider of outsourced services to government and businesses, has acquired human resource management software supplier Cedar from software group Advanced Computer Software for £15m.
London pre-open: London to stop bleeding
Friday 23 Sep 2011
London's top share index is set to open modestly firmer this morning, posing a dilemma for traders, who have to determine whether this is just a pause for breath before the market hurtles off on the next leg of its downhill journey, or the signal to pick up some bargains.
Friday preview: Planet Payment cashing in
Friday 23 Sep 2011
The share price of multi-currency payment processor Planet Payment is quadruple what it was a year ago, despite the shares sliding from their 52-week high of 175p seven weeks or so, to around 212.5p, but the company has the opportunity to light a new fire under its share price with the release of half-year results on Friday.
Friday tips round-up: TUI, United Utilities, Micro Focus
Friday 23 Sep 2011
Travel group TUI is on course for pre-tax profits of about £360 million for the year to the end of September, putting the shares, off 4% at 148½p, on a little more than six times earnings, which looks cheap. They have lost about 40% of their value this year, not helped by the upheavals at rival Thomas Cook. But given the limited visibility for next summer’s season, the Times would not be in a
US close: Sell-off gains momentum
Thursday 22 Sep 2011
On a day of carnage for global stock markets it was appropriate that the country that triggered the sell-off, the US, suffered its fair share of damage.
Europe close: Steep sell-off for bourses
Thursday 22 Sep 2011
Equity and commodity markets suffered a steep sell-off on Thursday as sentiment was rattled by disappointment sourcing from the Federal Reserve’s miserable outlook on the US economy released late last night. With just a few risers across European markets, major benchmark indices dropped around 4-5%.
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