Editor's Picks
Sony uses more Imagination technology
Tuesday 06 Sep 2011
System-on-chip designer Imagination Technologies has persuaded Japanese consumer electronics titan Sony to use more of its graphics chip technology.
Macquarie Group looking at RBS's aircraft leasing business
Tuesday 06 Sep 2011
Australia's top investment bank, Macquarie Group, is eyeing a bid for the aircraft-leasing business being sold by the Royal Bank of Scotland, as it seeks to expand its growing reach into aviation assets, according to Reuters. The unit is said to be worth more than $6bn.
Whitbread accelerates growth in second quarter
Tuesday 06 Sep 2011
Coffee shop, restaurant and hotel owner Whitbread was able to accelerate revenue growth during the first half, posting a 12.9% improvement in sales in the second quarter, up from a 9.2% increase in the first three months of the year. On a like-for-like (LFL) basis, sales rose 4.8% in the 11 weeks to 18 August.
Tuesday tips round-up: Spirit, Berkeley, Britvic...
Tuesday 06 Sep 2011
Long before the pub group's demerger at the start of August, the City had largely labelled the managed operation Spirit Pub Company as a far more attractive proposition than the leased pub group Punch Taverns, says the Investment Column in the Independent. The maiden results from the two de-merged companies last week did little to dispel this view, with Spirit continuing to buck the economic
Tuesday newspaper round-up: Telefónica, US banks, Markets...
Tuesday 06 Sep 2011
Europe’s telecoms powerbase has shifted towards Britain with the announcement by Telefónica that it plans to set up its digital division in London. The new division, to be called Telefónica Digital, will have 2,500 staff and forms a key part of a fundamental reorganisation of the business, the Times writes.
Bund yields hit record low
Monday 05 Sep 2011
The yield on Germany’s 10-year bund hit a record low Monday as worries over the Eurozone situation continued to stoke demand for the safest assets.
Alexon in takeover talks as sales slide
Monday 05 Sep 2011
Ladies outfitter Alexon said it is in takeover talks as it issued another profit warning.
Premium tips: Home Retail, Admiral, Kofax...
Monday 05 Sep 2011
Credit Suisse slashed its target price for Home Retail Group from 133p to 106p ahead of a second quarter trading update on 8 September, after cutting its 2011/12 and 2012/13 pre-tax profit forecasts by 11% and 10%, respectively. The reductions are in part reflecting the broker’s view of “weaker sales and margin trading environment for both Argos and Homebase through Q2”.
Deutsche Bank CEO warns of risks for European banks
Monday 05 Sep 2011
At a Banking conference held today in Frankfurt, and which was sponsored by Handelsblatt, Deutsche Bank's outgoing chief executive, Josef Ackermann, said that some European banks would go bust if they were forced to “mark to market” their portfolios of sovereign debt.
London midday: FTSE 100 slumps as RBS and Lloyds slide
Monday 05 Sep 2011
London’s leading share index is firmly in negative territory, with banks and retailers coming in for some heavy selling.
Broker tips: Hargreaves Lansdown, Chemring, Berkeley
Monday 05 Sep 2011
After putting its fair value rating on Hargreaves Lansdown on review last week, Singer Capital Markets decided to upgrade the wealth management firm to buy on Monday,
Broker snap: Singer upgrades Hargreaves Lansdown to buy
Monday 05 Sep 2011
After putting its fair value rating on Hargreaves Lansdown on review last week, Singer Capital Markets decided to upgrade the wealth management firm to buy on Monday,
PIMCO boss urges Britain to change course
Monday 05 Sep 2011
The Coalition Government’s austerity measures risk pushing Britain into recession, the manager of bond investment group PIMCO has warned.
Premium broker snap: UBS cautious at Smith & Nephew
Monday 05 Sep 2011
UBS is "staying cautious for now" about replacement hip manufacturer Smith & Nephew, saying that the firm's new operating model presents both opportunities and risks.
Resource estimate upgrade for Cluff
Monday 05 Sep 2011
West African focused-gold miner Cluff Gold has announced a significant increase in the resource estimate for its wholly owned Baomahun Gold Project in Sierra Leone.
Market overview: FTSE 100 down 98
Monday 05 Sep 2011
0832: The Footsie has tumbled nearly 2% in the opening minutes. Randgold Resources is the sole stock making gains, tracking gold prices higher. Meanwhile RBS and Barclays are dragging the blue chip index down over concerns of the multi-billion pound legal case regarding the subprime mortgage crisis in the US. FTSE 100 down 98 at 5,194.
Market overview: FTSE 100 down 98
Monday 05 Sep 2011
0832: The Footsie has tumbled nearly 2% in the opening minutes. Randgold Resources is the sole stock making gains, tracking gold prices higher. Meanwhile RBS and Barclays are dragging the blue chip index down over concerns of the multi-billion pound legal case regarding the subprime mortgage crisis in the US. FTSE 100 down 98 at 5,194.
Forward sales on the rise at Berkeley
Monday 05 Sep 2011
London and south-east focused house builder Berkeley Group said market conditions in the four months ended 31st August 2011 have enabled further growth in forward sales which are currently in excess of £850m.
Organic revenue miss for Kofax
Monday 05 Sep 2011
Kofax reported a 12% increase in total revenues to $243.9m (£151m) in the year ended 30 June, just shy of the $244-246m range the company expected.
Commodities: Crude oil falls 2.8%
Monday 05 Sep 2011
Crude oil futures fell under $87 a barrel on Friday after disappointing US jobs data prompted a rapid sell-off.
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