Editor's Picks
Broker tips: AB Foods, Carillion, Cluff Gold
Monday 12 Sep 2011
With a company-wide outperformance and record profits expected at Associated British Foods (AB Foods), the foods group which also owns the Primark retail chain, Prime Markets has maintained its buy recommendation on the stock.
Euro worries push yields further below 2%
Monday 12 Sep 2011
US 10-year treasury yields fell further below the 2% mark as worries over the Eurozone crisis and possible effects on global growth persisted.
Slow recovery leads OPEC to cuts demand estimates
Monday 12 Sep 2011
The Organization of Petroleum Exporting Countries (OPEC) has scaled back its short-term global forecasts for oil demand, saying "turbulence in world economic recovery has resulted in considerable uncertainty for demand growth next year."
London midday: Stocks stuck lower but Lloyds bucks trend
Monday 12 Sep 2011
The top share index is stuck firmly in negative territory as worries over the Eurozone crisis and possible effects on global growth continue.
Colfax offers 910p a share for Charter International
Monday 12 Sep 2011
Shares in engineer Charter International jumped after it revealed that Colfax, the US manufacturing group that was earlier this month named as a mystery bidder for Charter, is considering making a 910p a share offer.
Colfax offers 910p a share for Charter International
Monday 12 Sep 2011
Shares in engineer Charter International jumped after it revealed that Colfax, the US manufacturing group that was earlier this month named as a mystery bidder for Charter, is considering making a 910p a share offer.
Market overview: French banks getting hammered
Monday 12 Sep 2011
0957: Although the London benchmark is now only trading down by barely over 1% the rest of the major European indices aer registering falls of between 3% and 4%. French bank stocks are being punished by the most, with falls of over 10% in the three major listed banks by market capitalization. There was a report in Bloomberg this past Saturday, citing sources, regarding the possibility of a
Colfax offers 910p a share for Charter International
Monday 12 Sep 2011
Shares in engineer Charter International jumped after it revealed that Colfax, the US manufacturing group that was earlier this month named as a mystery bidder for Charter, is considering making a 910p a share offer.
Greece announces new tax to meet commitments
Monday 12 Sep 2011
Greece plans on meeting its commitments, according to prime minister George Papandreu, saying "We will advance to the big changes and assume all the necessary decisions."
Premium broker snap: UBS cuts Admiral's target after referral fee ban
Monday 12 Sep 2011
While UBS has scaled back its target price for car insurer Admiral due to the Ministry of Justice's (MoJ's) ban on referral fees, the broker has kept its buy rating on the stock, saying that the impact is already priced in.
French banks tumble on downgrade rumours
Monday 12 Sep 2011
The French heavyweight banks were under selling pressure on Monday morning, on the back of reports that Moody's could downgrade its ratings for BNP Paribas, Societe Generale, and Credit Agricole this week.
Primark margins under pressure at AB Foods
Monday 12 Sep 2011
The second half of its financial year has been much as expected for Associated British Foods, the foods group which also owns the Primark retail chain.
Cluff Gold's profits 'distorted' by events
Monday 12 Sep 2011
West Africa-focused gold miner Cluff Gold saw profits dive in the first half of 2011 despite the soaring gold price, as the company's operations were beset with their fair share of disruption, particularly in Cote d'Ivoire and Burkina Faso.
London open: Stocks tumble after banking report
Monday 12 Sep 2011
Footsie has dived more than 100 points at the outset as the markets get to grips with the details of the Vickers report from the Independent Commission on Banking.
Market overview: Footsie tumbles after banking report
Monday 12 Sep 2011
0820: The week has got off to a volatile start as predicted, with another day of triple-digit losses. Banks are in the firing line after the Independent Commission on Banking report said they should separate their retail banking and investment banking divisions. Lloyds, Barclays and RBS are in the bottom 10, while silver specialist Fresnillo leads miners lower. No stocks are posting gains. FTSE
Great Portland buys Royal Mail building freehold
Monday 12 Sep 2011
Property group Great Portland Estates (GPE) has been giving its cheque book a bashing, buying up properties in London's West End.
Primark margins under pressure at AB Foods
Monday 12 Sep 2011
The second half of its financial year has been much as expected for Associated British Foods, the foods group which also owns the Primark retail chain.
London pre-open: Triple digit fall as market digests ICB report
Monday 12 Sep 2011
The Footsie is set to dive more than 100 points at the outset as the markets get to grips with the details of the Vickers report from the Independent Commission on Banking.
Arcontech misses sales target
Monday 12 Sep 2011
Arcontech, which provides products and services for real-time financial market data processing and trading, said sales for the year had failed to reach their target.
Commodities: Crude slides 2%
Monday 12 Sep 2011
Crude oil futures slid over 2% on Friday, as a fresh wave of nerves about European debt, losses among US equities and the stronger dollar took its toll.
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