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  • Fruit and veg sales blooming at Booker

    Thursday 15 Sep 2011

    Food wholesaler and cash and carry operator Booker saw a surge in like-for-like (LFL) sales in its second quarter, driven by strong demand for fruit and veg.

  • UBS plummets after taking $2bn hit on unauthorized transaction

    Thursday 15 Sep 2011

    UBS is plummeting 9% after news hit newswires that it has apparently incurred in $2bn of losses due to non-authorized transactions.

  • Rio Tinto invests in Australian iron ore

    Thursday 15 Sep 2011

    Mining giant Rio Tinto has announced an investment of $833m in power and fuel supply projects as it ramps up its iron ore production capacity in Western Australia.

  • Rio Tinto invests in Australian iron ore

    Thursday 15 Sep 2011

    Mining giant Rio Tinto has announced an investment of $833m in power and fuel supply projects as it ramps up its iron ore production capacity in Western Australia.

  • Kier confident after private sector shift

    Thursday 15 Sep 2011

    Construction group Kier said it has been helped by a shift from public sector work to non- private sector projects and an emphasis on non-discretionary areas such as waste and power as it posted a rise in profits for the year to 30 June.

  • Piedmont keeps Mitchells and Butlers options open

    Thursday 15 Sep 2011

    Piedmont, the investment vehicle of Bahamas-based billionaire Joe Lewis

  • Kingfisher picks at Focus's carcass

    Thursday 15 Sep 2011

    Kingfisher, the company behind the Screwfix and B&Q brands has seen like-for-like sales grow 1.6% in its 2010-2011 financial year with total sales, including newly acquired assets rising 3.8%.

  • London pre-open: Kingfisher to sparkle

    Thursday 15 Sep 2011

    Yesterday's afternoon's surge is set to continue this morning, with City traders predicting the the FTSE 100 will open around 70 points up from yesterday's close of 5,227

  • Kingfisher's profits surge 24%

    Wednesday 14 Sep 2011

    London open

  • London pre-open: Kingfisher to sparkle

    Wednesday 14 Sep 2011

    Yesterday's afternoon's surge is set to continue this morning, with City traders predicting the the FTSE 100 will open around 70 points up from yesterday's close of 5,227

  • Premium tips: Next, Smiths Group, Oxford Instruments...

    Wednesday 14 Sep 2011

    Peel Hunt has said that Next’s numbers were broadly in line, but kept its hold rating and 2,500p target price. “Our only block to taking a more positive recommendation remains the likely path towards Christmas, which will no doubt see the usual clichés of an unseasonably warm build-up to peak and expectations of the worst Christmas in recent memory – certainly the trading environment will be

  • US midafternoon: Stocks recover after earlier downdraft

    Wednesday 14 Sep 2011

    US stocks are now again trading in the blue (Dow Jones: 173, Nasdaq Comp.: 46, S&P 500: 18), following an improved news-flow regarding the Eurozone crisis. In particular, they are benefitting from an official French statement that President Sarkozy and Chancellor Merkel have decided that Greece must stay within the Eurozone.

  • European Commission proposes improving terms of aid to Ireland and Portugal

    Wednesday 14 Sep 2011

    The European Commission has proposed to the Council of Europe reducing the interest rate and extending the duration on the loans given to Ireland and Portugal.

  • City of London IT hikes divi again

    Wednesday 14 Sep 2011

    City of London Investment Trust (CTY) increased its dividend for the 45th year in a row in respect of the year ended 30 June, as it saw its net asset value (NAV) total return of 29.2% exceeded the 26.5% return in 2010.

  • Europe close: Bourses jump as parties stem panic

    Wednesday 14 Sep 2011

    European stocks finished strongly on Wednesday, with markets in Italy, Spain and Germany rising around 3% each. Gains in France, however, were limited after the ratings downgrade of two heavyweight banks.

  • Gulf Keystone upgrades reserve estimates

    Wednesday 14 Sep 2011

    Shares in Gulf Keystone, the AIM-listed oil and gas firm focused in the Kurdistan Region or Iraq, jumped on Wednesday after the group announced a significant increase in oil-in-place reserves in its half-year report.

  • BP secures control of Brazil biofuel mills

    Wednesday 14 Sep 2011

    BP has moved to take full control of its Brazilian biofuels mills, buying the remaining half of ethanol mill owner Tropical BioEnergia and a 3% stake in sugar and ethanol producer Companhia Nacional de Açúcar e Álcool (CNAA).

  • London midday: FTSE 100 buoyant as Next rallies retailers

    Wednesday 14 Sep 2011

    The volatility continues with the top share index in the blue now after a weak start.

  • Broker snap: Citi cuts targets for French banks

    Wednesday 14 Sep 2011

    Citi Investment Research & Analysis has assessed the pressing funding issues facing French banks and has cut its target prices for BNP Paribas, Société Générale (SocGen), Natixis and Crédit Agricole.

  • DMGT exits non-core geospatial business

    Wednesday 14 Sep 2011

    Daily Mail and General Trust (DMGT) announced on Wednesday that its business information division DMGI has offloaded geospatial firm Sanborn to its management for a “nominal consideration”.

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