Editor's Picks
UPDATE: UK public sector net borrowing rises more than forecast in August, but ...
Wednesday 21 Sep 2011
UK public sector net borrowing (excluding the temporary effects of financial interventions) reached £15.9bn in August, versus £14.0bn one year ago, according to the latest data out from the Office of National Statistics (ONS).
UPDATE: Wednesday broker round-up
Wednesday 21 Sep 2011
Inmarsat: Citi downgrades to hold from buy.
UPDATE: Wednesday broker round-up
Wednesday 21 Sep 2011
Inmarsat: Citi downgrades to hold from buy.
US midday: Moody's blindsides market with BofA downgrade
Wednesday 21 Sep 2011
The major US equity averages are now trading ‘mixed’ (Dow Jones Industrial: -38, Nasdaq Comp.: 11, S&P 500: -6) ahead of this evening’s meeting of The Federal Reserve’s Open Market Committee (FOMC), with many market observers banking on the monetary authority announcing some sort of modification in its holdings of government debt, so as to increase the expansionary effects of its policy.
US pre-open: Waiting for the Fed
Wednesday 21 Sep 2011
The major US equity averages are being called to open slightly down today, with average falls of 0.2%. The above ahead of this afternoon’s meeting of The Federal Reserve’s Open Market Committee (FOMC), with many market observers banking on the monetary authority announcing some sort of modification in its holdings of government debt, so as to increase the expansionary effects of its policy.
Retail giant Inditex beats consensus
Wednesday 21 Sep 2011
Spanish fashion distributor Inditex, recently elevated to the constituent list of EuroStoxx50 index, beat consensus estimates with its half-year results.
Wednesday broker round-up
Wednesday 21 Sep 2011
Legal & General: UBS reduces target to 95p from 114p, retains neutral recommendation.
What are economists expecting for the Bank of England’s inflation report?
Wednesday 21 Sep 2011
Barclays Capital: "Today at 9.30 the Bank of England releases the minutes of the September MPC meeting. We and the consensus expect an unchanged 9-0 vote to hold Bank Rate, and we also expect the committee to have maintained its 8-1 stance for keeping the Bank's asset purchases at £200bn. However, with downside risks to growth having intensified it is certainly possible that one or two additional
Broker snap: UBS slashes target for Legal & General
Wednesday 21 Sep 2011
Following a sector de-rating, Swiss investment bank UBS has cut its target price for FTSE 100 insurance group Legal & General from 114p and 95p.
Tesco launches £300m IPO of Thai property fund
Wednesday 21 Sep 2011
A Tesco subsidiary, Tesco Lotus, has announced that it will launch an initial public offering (IPO) in Thailand of the Tesco Lotus Property Fund with an appraised value of 14bn Baht (more than £300m).
FLASH: SAB Miller agrees to buy Australia’s Foster’s for A$5.10 a share
Wednesday 21 Sep 2011
SAB Miller agrees to buy Australia’s Foster’s for A$5.10 a share. More to follow ...
Tesco launches £300m IPO of Thai property fund
Wednesday 21 Sep 2011
A Tesco subsidiary, Tesco Lotus, has announced that it will launch an initial public offering (IPO) in Thailand of the Tesco Lotus Property Fund with an appraised value of 14bn Baht (more than £300m).
London open: Greek worries drag down market early on
Wednesday 21 Sep 2011
Markets opened lower on Wednesday morning on the back of ongoing concerns over the Eurozone, despite a Greek official assuring that the country will not default. Meanwhile, investors in London await the release of the policy rate decision from the Bank of England's Monetary Policy Committee (MPC) due out later this morning.
Spain weighs down revenues at Imperial Tobacco
Wednesday 21 Sep 2011
Cigarette, cigar and tobacco manufacturer Imperial Tobacco has said that its results for the full-year ending 30 September, due on 1 November, should be in line with expectations, despite a struggling Spanish market.
Wednesday tips round-up: Carnival, Debenhams, Porvair...
Wednesday 21 Sep 2011
Carnival revealed higher revenues for its third quarter yesterday, as the cruise operator's North American brands booked strong growth, notes the Investment Column in the Independent. That strength, which saw yields at those brands climb by almost six per cent, helped offset weakness elsewhere. Yet, for all that, there is nothing wrong with the business, which issued what we viewed as a
Wednesday newspaper round-up: IMF, Glaxo, Italy...
Wednesday 21 Sep 2011
The International Monetary Fund warned on Tuesday that the United States and the eurozone risk being plunged back into recession unless policymakers tackle the problems facing the world's two biggest economic forces.
Market overview: Inmarsat gets knocked down to a lower orbit
Wednesday 21 Sep 2011
1057: London stocks are climbing back after this morning’s early losses, following a late day retreat last night on Wall Street and ahead of tonight’s meeting of the FOMC. Nonetheless, they are outperforming equities on the other side of the Channel. Acting as backdrop, worries regarding a Eurozone breakup are continuing very much to linger. In M&A news, SAB Miller has just agreed to take over
Troika inspectors to return to Greece early next week
Tuesday 20 Sep 2011
The ‘Troika’ (European Central Bank, International Monetary Fund and European Union) will return to Greece early next week in the clearest sign yet they are about to sign off on an €8bn (£7bn) aid payment to Greece. The European Commission said “good progress” was made in a teleconference with Athens. More to follow…
London close: Carnival leads FTSE 100 recovery
Tuesday 20 Sep 2011
London’s leading share index closed pretty much where it started the day yesterday, staging an impressive recovery even as Standard & Poors’ downgrade of Italy cast a shadow.
Italian bonds fall after downgrade
Tuesday 20 Sep 2011
Italian bonds fell back the day after the Eurozone member was downgraded by the ratings agency Standard & Poors.
You are here: news > editors picks
10 Lower Thames St,
London EC3R 6EN