Editor's Picks
Broker snap: UBS says it's 'time to exit' at Charter
Friday 02 Sep 2011
UBS says it's “time to exit” at FTSE 250 engineer Charter International and downgrades the stock from neutral to sell following rival Melrose’s revised offer.
Fatality at Toledo's Berong mine
Friday 02 Sep 2011
AIM listed nickel miner Toledo revealed that one of its worker died during operations at the Berong project in the Philippines.
Construction sector growth slows in August
Friday 02 Sep 2011
Growth in Britain’s construction industry slowed in August in another sign that the economic outlook is darkening.
Construction sector growth slows in August
Friday 02 Sep 2011
Growth in Britain’s construction industry slowed in August in another sign that the economic outlook is darkening.
Salamander sells stakes in declining assets
Friday 02 Sep 2011
South-east Asia-focused oil and gas group Salamander Energy is selling off some of its mature assets to reinvest the funds into fields it operates that have higher growth prospects. The company has agreed to sell its five percent interests in the Offshore Northwest Java (ONWJ) and South-east Sumatra (SES) production sharing contracts (PSCs) to...
European Central Bank to cut rates?
Friday 02 Sep 2011
The chief executive officer of PIMCO is being cited this morning by Bloomberg as having said that the European Central Bank (ECB) will probably cut its interest rates as the chance of a recession in the Eurozone has risen to 50%. Mr.El-Erian apparently likened the financial turmoil in Europe to the subprime crisis in the US.
Greek budget talks suspended
Friday 02 Sep 2011
A combined European Union, International Monetary Fund and European Central Bank mission has left the country after not being able to reach an agreement with Greek authorities as regards the budget cuts which need to be implemented so as to meet its deficit targets.
Broker tips: Barclays, IPR, Go-Ahead
Friday 02 Sep 2011
Delays to the Independent Commission on Banking’s (ICB’s) proposal to ringfence banks have prompted UBS to upgrade UK lender Barclays from neutral to buy.
Cyril Sweet slumps on profits warning
Friday 02 Sep 2011
Construction and property consultancy Cyril Sweett saw its share price plunge more than 20% after announcing that it had cancelled a number of projects in the Middle East.
European Central Bank to cut rates?
Friday 02 Sep 2011
The chief executive officer of PIMCO is being cited this morning by Bloomberg as having said that the European Central Bank (ECB) will probably cut its interest rates as the chance of a recession in the Eurozone has risen to 50%. Mr.El-Erian apparently likened the financial turmoil in Europe to the subprime crisis in the US.
Compass acquires school meals group
Friday 02 Sep 2011
Catering giant Compass has been on the acquisition trail again, this time gobbling up a new company in its home market rather than the more exotic countries it has been expanding in lately.
Salamander sells stakes in declining assets
Friday 02 Sep 2011
South-east Asia-focused oil and gas group Salamander Energy is selling off some of its mature assets to reinvest the funds into fields it operates that have higher growth prospects.
Greek budget talks suspended
Friday 02 Sep 2011
A combined European Union, International Monetary Fund and European Central Bank mission has left the country after not being able to reach an agreement with Greek authorities as regards the budget cuts which need to be implemented so as to meet its deficit targets.
Friday tips round-up: Restaurant Group, Hargreaves Lansdown, Hays
Friday 02 Sep 2011
Restaurant Group operates the Frankie & Benny's, Chiquito and Garfunkel's brands. It showed good form in the half year to early July, growing adjusted pre-tax profits by 7.7 per cent to £24.6m. The group also grew its sales on outlets open at least a year by 3%, adding it had continued this momentum since the period end, despite the riots in August and downbeat consumer spending. On a forward
Astra's Crestor fails to outshine Lipitor
Friday 02 Sep 2011
The eagerly awaited headline results from a clinical trial comparing AstraZeneca's cholesterol treatment Crestor to Pfizer's Lipitor have been released. The results for the primary efficacy measure of the study demonstrated a numerically greater reduction in favour of Crestor versus atorvastatin but did not reach statistical significance.
Sefton results take a dive
Friday 02 Sep 2011
California and Kansas-based oil and gas firm Sefton Resources reported a fall in profits from $335.8m to $74.4m for the first half of the calender year, blaming increased expenses and a 29% decrease in oil production.
City building projects boost Steppe Cement
Friday 02 Sep 2011
Kazakh cement maker Steppe Cement narrowed losses in the half year to 30 June as it benefited from the central Asian country’s government continuing to support big building projects in main cities.
Commodities: Oil and gold little changed in thin trading
Friday 02 Sep 2011
The price of gold eased off in New York in thin trading as activity winds down ahead of the long Labour Day week-end in the US.
FX round-up: Dollar gains after manufacturing data
Friday 02 Sep 2011
The greenback received a boost from better than expected US manufacturing data, resulting in the dollar index climbing to 74.50 from 74.162 the day before.
FX round-up: Dollar gains after manufacturing data
Friday 02 Sep 2011
The greenback received a boost from better than expected US manufacturing data, resulting in the dollar index climbing to 74.50 from 74.162 the day before.
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