Editor's Picks
Dairy Crest first half in line
Monday 19 Sep 2011
Cheese and milk producer Dairy Crest said trading in the first half of the year has been in line with company expectations and it remains confident of reaching full year forecasts.
Alliance Trust hit by economic woes
Monday 19 Sep 2011
Investment company Alliance Trust has reported a dramatic fall in revenue and profit for the six months to the end of July.
Lloyds waves goodbye to two board members
Monday 19 Sep 2011
Lloyds Banking Group will wave goodbye to two of its boardroom members, finance director Tim Tookey and Scottish Widows' deputy chairman Lord Sandy Leitch.
Market overview: £12bn gap opens up in government budget?
Monday 19 Sep 2011
0934: Almost two hours after the start of trading banks are still taking the brunt of the selling pressure. In the headlines, the Bank of England's latest quarterly bulletin, released last night, argues that the effects of quantitative easing were 'economicaly significant'. No less relevant, a report in this morning's Financial Times of a £12bn 'black hole' having opened up in the government's
Rolls-Royce wins engine contract with TUI Travel
Monday 19 Sep 2011
Travel company TUI Travel has chosen power systems giant Rolls-Royce to provide Trent 700 engines to power two Airbus A330 aircraft, due in 2012.
Monday newspaper round-up: Bonuses, BoE, UBS...
Monday 19 Sep 2011
Big companies will have to justify lavish rewards for senior executives and present easily digestible information about their pay, pensions and bonuses, under moves to be announced today by Vince Cable. The Liberal Democrat Business Secretary will detail plans to give shareholders transparent information about remuneration, telling his party's conference that he intends to "call time on payouts
Sunday newspaper round-up: UK QE II, ARM, China, ASOS, BoE
Friday 16 Sep 2011
What will a second round of quantitative easing (QE II) do for equities, gilts and Sterling? asks Neil Hume in this Weekend’s Financial Times. Well, both Goldman and Citi believe that QE II will center on long dated public debt. In fact, Citi believes the BoE could even end up buying up to £300bn of the stuff. Goldman, on the other hand, thinks the central bank ought to buy banks’ debt directly,
London close: Higher finish for FTSE 100
Friday 16 Sep 2011
Stocks finished higher after an uncertain day in which most attention was focused on a meeting of European finance ministers in Poland.
US mid-afternoon: S&P 500 stalls at technical resistance
Friday 16 Sep 2011
The major US stock averages are still trading higher at a bit more than an hour from the ‘closing bell’ (Dow Jones Industrial: 69, Nasdaq Comp.: 8, S&P 500: 4). Today’s meeting of Eurozone finance ministers does seem to have yielded some fruits. Yet did it produce all of the results that were wanted by some investors? Judging by some market commentary the answer would seem to have to be
Sunday tips round-up: Ryanair, BG Group, National Grid
Friday 16 Sep 2011
A harder operating environment plays to the strengths of those companies which are ‘best of the breed’. This is the thesis expounded recently by Michael O’Leary, chief executive officer of Irish low-cost airline operator Ryanair. Thus, he believes, in relative terms higher oil prices will pressure his competitors more as they will be forced to increase fares and fuel surcharges. As well, a
Premium broker snap: Charles Stanley hails strong results for Kingfisher
Friday 16 Sep 2011
Shares in B&Q and Screwfix owner Kingfisher were rising on Friday, extending gains after their interim results were released the day before, with Charles Stanley describing the numbers as “strong […] in difficult times”.
London midday: Euro hopes boost stocks again
Friday 16 Sep 2011
Stocks are buoyant again as today’s meeting of European finance ministers in Poland generates more optimism over the Eurozone crisis.
Market overview: FTSE 100 up 23
Friday 16 Sep 2011
1550: The top share index stays buoyant despite a mixed start on Wall Street. Most states in the US saw a rise in jobless rates and a decrease in payrolls, new data shows. Attention is focused on talks among European finance ministers currently taking place in Poland. Banks RBS and Barclays are among the top risers. Of note, gains in commodities trader Glencore on the back of news that its chief
Reserve Bank of India raises rates
Friday 16 Sep 2011
The Reserve Bank of India (RBI) has just announced its decision to raise its benchmark rate by 25 basis points, to 8%, although the monetary authority recognizes the concerns in the markets over the debt problem in the Eurozone as well as the fact that indicators are pointing to moderating domestic growth.
Eurogroup President says EFSF to be made more flexible
Friday 16 Sep 2011
In a press conference following this morning’s Eurogroup meeting of finance ministers its President, Jean Claude Juncker, has indicated that the European Financial Stability Fund (EFSF) is to be made more flexible. The first reaction by equity markets seems to be positive, although Mr.Juncker has not provided many details. More to follow...
Aurelian Oil shares plummet
Friday 16 Sep 2011
Shares in Aurelian Oil and Gas have plummeted more than 60% after the company reported that the gas recovery from the Trzek-3 appraisal well is lower than anticipated.
'Singapore when you're winning' float for Manchester United
Friday 16 Sep 2011
The flotation of English football club Manchester United on the Singapore stock exchange has moved a step closer after the Singapore Exchange gave approval for the heavily indebted club's plans to raise funds through a stock exchange listing.
Oxford Catalysts sales drop 29%
Friday 16 Sep 2011
Fuel production technology group Oxford Catalysts saw sales slump from £4.1m to £2.9m in the first half of 2011, as it continues its transformation from a development organisation to a commercial product company.
London and Stamford has readies for Tesco purchase
Friday 16 Sep 2011
Property company London and Stamford Property has completed the £14.89m financing with the Metropolitan Life Insurance Company of the Tesco Distribution Unit, acquired on 16 August 2011.
Exillon Energy finds oil in West Siberia
Friday 16 Sep 2011
Exillon Energy has announced that its well EWS I-44 has found oil in West Siberia.
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