Editor's Picks
London close: Good gains as FTSE 100 rallies
Tuesday 13 Sep 2011
Stocks rediscovered their earlier buoyancy to finish with strong gains as hopes of a resolution of the euro crisis attracted buyers.
Wednesday preview: Next, Barratt, Galliford Try, Hargreaves Services
Tuesday 13 Sep 2011
Fashion retailer Next said last month that total sales rose 3.2% in the first half of the year, as strong growth in online sales offset a moderate decline in its shops. It also said it expects the cost price inflation environment to improve, but given recent market volatility, it will be interesting to see what it has to say about the overall economic environment.
US open: Stocks turn positive
Tuesday 13 Sep 2011
US benchmarks have turned around and are now trading comfortably in the blue, following a cautious start on Wall Street (Dow Jones Industrial: 64, Nasdaq: 27, S&P 500: 10), as all eyes turn to the sovereign debt crisis that is engulfing the Eurozone.
Premium broker snap: Brokers still confident at Ashmore
Tuesday 13 Sep 2011
Even though investors were underwhelmed with Ashmore Group’s results, brokerages Peel Hunt and Singer Capital Markets have both confirmed their buy recommendations on the asset manager, saying that the full-year numbers were broadly in line.
Markets bounce back on talk of Merkel and Sarkozy contacts?
Tuesday 13 Sep 2011
German Chancellor Angela Merkel and President Nicolas Sarkozy are "determined to do what is necessary" and are "going to take action today," a French government source said, Reuters reports.
Broker snap: Halfords' margins a concern for UBS
Tuesday 13 Sep 2011
Shares in Halfords were under the weather on Tuesday, after UBS downgraded its forecasts for the car and bike parts retailer on the back of gross margin concerns.
UPDATE: UK Inflation rate increases to 4.5%
Tuesday 13 Sep 2011
Higher gas and electricity bills and price increases for clothes pushed the government’s preferred measure of inflation, the consumer price index (CPI), up to 4.5% in August from 4.4% the previous month.
Market overview: Negative news flow keeps a lid on rally attempt
Tuesday 13 Sep 2011
1218: London stocks are still trading in the red. Possibly affecting sentiment at mid-morning, some are referring to the results from today’s Italian debt auction as having been ’mixed’. No less important, an article in today’s Wall Street Journal called attention to claims that BNP Paribas may have lost access to funding in dollars, which the French bank has denied. Also worth mention, HP’s
US close: Easing Eurozone fears help US stocks
Tuesday 13 Sep 2011
US benchmarks finished in the positive territory on Tuesday helped by easing fears of a possible downgrade for French banks. Wall Street followed European bourses higher despite earlier choppy trade, as banks were buoyant in the afternoon.
FTSE 100 Movers: Cairn disappoints investors
Tuesday 13 Sep 2011
Shares in Edinburgh-based oil and gas titan Cairn Energy took a dive after it reported disappointing results from its offshore drilling campaign offshore Greenland, with one well coming up dry and another showing only minor hydrocarbons.
Northgate on track despite tough markets
Tuesday 13 Sep 2011
Commercial vehicle hire company Northgate said despite tough economic conditions hitting its UK and Spanish markets, trading between May and September has been in line with the company expectations.
Market overview: FTSE 100 trades down 50 points
Tuesday 13 Sep 2011
0942: Despite Wall Street having closed sharply higher yesterday on the back of those rumours surrounding Italy, and an open in the blue this morning in London, UK equities are now again moving lower; as are its counterparts on the Continent. It would seem that worries about Greece are too persistent at the moment. German Finance Minister Schauble has just begun a speech, while Chancellor Merkel
National Express buys US school bus firm
Tuesday 13 Sep 2011
Train and coach operator National Express has acquired the fifth largest provider of student transportation services in the US for $200m.
IG Group's first quarter helped by record August
Tuesday 13 Sep 2011
IG Group has backed up its bullish trading update last month by confirming that revenues jumped 26% in the first quarter ended 31 August, a like-for-like increase of 30%.
Tuesday tips round-up: WS Atkins, Great Portland, William Sinclair...
Tuesday 13 Sep 2011
The last time we looked at WS Atkins, we decided to buy, reasoning that the combination of what was a thin valuation and the engineering group's sensible strategy of expanding its reach in the energy sector augured well, says the Investment Column in the Independent. Since then, however, markets have suffered a well-document slump as investors factored in the prospect of another slowdown in
Tuesday newspaper round-up: Italy, M&B, BofA...
Tuesday 13 Sep 2011
Italy’s centre-right government is turning to cash-rich China in the hope that Beijing will help rescue it from financial crisis by making “significant” purchases of Italian bonds and investments in strategic companies.
US close: Stocks stage late comeback
Tuesday 13 Sep 2011
Rumours that China is contemplating supporting Italian bond issues gave a lift to US markets, which wiped out the heavy losses of the morning to finish in positive territory.
Tuesday preview: Ashmore, Abcam
Monday 12 Sep 2011
Fund manager Ashmore is set to issue full-year results on Tuesday. Singer Capital Markets is a fan of the shares and expects that with positive returns since the company’s financial year end, flow momentum will have remained strong. “Furthermore, the flagship external debt fund, EMLIP, crystallises performance fees in August. Having generated positive alpha we expect that this could provide
Europe close: Banks lead the sell-off
Monday 12 Sep 2011
Big losses for the banks saw benchmark indices across Europe stumble on Monday, on the back of speculation of what may happen if Greece were to default on its debt.
London close: Miners, banks unwanted as Footsie falls 1.6%
Monday 12 Sep 2011
Despite finishing over 1% down, the FTSE 100 managed to pull back slightly despite a broad sell-off across Europe and a mixed start on Wall Street.
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