Editor's Picks
Gulf Keystone stokes rumour mill
Tuesday 30 Aug 2011
Iraq-focused oil firm, Gulf Keystone Petroleum, has denied reports that it is putting itself up for sale.
Europe open: Banks lead advance
Tuesday 30 Aug 2011
A strong performance yesterday by Wall Street and this morning by Asian markets has encouraged markets to extend yesterday's gains.
Regus moves back into the black
Tuesday 30 Aug 2011
Workspace provider Regus has moved back into the black after a strong performance in the first half of the year which saw occupancy at the group's mature offices rise to a record level of 86.7%.
Growth in all business areas for Perform
Tuesday 30 Aug 2011
The first set of interim results from media group Perform since it floated in April of this year showed the sporting events film footage provider on a growth trajectory. Revenue in the first half of 2011 of £45.1m was almost half as much again as the £30.7m racked up in the first half of last year, with the group boasting strong growth across all of its business areas.
London open: RBS leads banking rally
Tuesday 30 Aug 2011
Having missed out yesterday on the strong gains seen on stock exchanges that were open for business, London is playing catch-up today, with the leading share index posting triple-digit gains.
WPP makes offer for stake in Japanese peer
Tuesday 30 Aug 2011
Acquisitive marketing and advertising group WPP is at it again, this time making a non-binding offer to acquire Japanese peer Astatsu-DK's stake in DA Consortium (DAC). Astatsu-DK has announced its intention to sell the stake, and WPP has stepped in with an offer worth 36,550 yen per share. WPP hopes to work...
London pre-open: Stocks play catch-up
Tuesday 30 Aug 2011
Having missed out yesterday on the strong gains seen on stock exchanges that were open for business, London is in the mood to catch up today, with City traders suggesting the blue-chip index will open around 120 points up from Friday's close of 5,130.
Overseas strength boosts Bunzl
Tuesday 30 Aug 2011
Outsourcing and distribution group Bunzl posted a rise in pre-tax profits in the half year to 30 June as a strong performance overseas helped offset weakness in Britain and Ireland. Pre-tax profits climbed to £112.1m from £100m the previous year on revenues that were up to £2.44bn from £2.35bn. The interim dividend is upped to 8.05p from 7.15p.
Margins bounce at Bovis as build costs dive
Tuesday 30 Aug 2011
Margins are on the mend at house builder Bovis Homes, which saw profits more than double in the first half of 2011.
Tuesday newspaper round-up: Service sector, bank ringfence, Eurozone
Tuesday 30 Aug 2011
Business activity in Britain's dominant services sector has fallen at the fastest rate since the economy was barely crawling out of recession, a CBI survey shows. The quarterly survey of the employers' lobby, which is published today,reveals an accelerating decline in the consumer services industry, as well as a surprise drop in business and professional services, the Independent reports.
Commodities: Crude gains 2% in wake of Irene
Tuesday 30 Aug 2011
Crude futures rose over 2% on Monday in the wake of Hurricane Irene and upbeat US spending data.
FX round-up: Dollar drifts as risk picks up
Tuesday 30 Aug 2011
The dollar traded lower on Monday as risk appetite picked up following upbeat US consumer spending data.
Europe close: Greek bank merger lifts markets
Tuesday 30 Aug 2011
European markets put on a show on Monday, rising strongly across the board after some encouraging US consumer spending data.
Eurobank and Alpha Bank merge
Tuesday 30 Aug 2011
The financial sector is making headlines for several reasons: Greek banks Eurobank and Alphabank have announced that they will merge, while Christine Lagarde, the general director of the International Monetary Fund (IMF), stated that the weakest entities in Europe need a “substantial” recapitalization. Banco Popolare, which reported a substantial decline in earnings on Friday, announced a
US close: Consumer spending provides lift
Monday 29 Aug 2011
US markets got off to a strong start to the week on the back of encouraging US consumer spending data and a sense of relief that Hurricane Irene turned out to be less destructive than feared.
Sunday tips round-up: Renishaw, Petrofac, Amlin
Sunday 28 Aug 2011
Wotton-under-Edge is a quaint country town at the periphery of the Cotswolds. It is also home to Renishaw, a company making some of the most advanced tools and measuring systems in the world. The stock has lost a third of its value in less than a month, hit by concerns about global economic conditions, prospects for manufacturing worldwide and the impact on Renishaw's future growth. These fears
US close: Investors seize on positives from Bernanke speech
Sunday 28 Aug 2011
Stocks finished higher amid differing reactions to Federal Reserve chairman Ben Bernanke’s speech at the central bank’s annual meeting in Jackson Hole, Wyoming.
Sunday newspaper round-up: Easyjet, Bank of England, BP
Friday 26 Aug 2011
Directors at Easyjet are weighing the payment of a one-off special dividend in November to cool a row with Sir Stelios Haji-Ioannou, the airline’s founder and biggest shareholder.The budget airline has never paid a dividend in its 11-year history as a quoted company. Last year The Sunday Times revealed it would start regular payouts, the size of which will be announced at the full-year results in
Copper miners tap into China growth
Friday 26 Aug 2011
Most mining companies are highly diversified, but Antofagasta and Kazakhmys are pretty much single-country, single commodity miners.
London close: Stocks rally but finish lower
Friday 26 Aug 2011
Stocks rallied ahead of the close but finished slightly lower on a day that was dominated by uncertainty surrounding the Federal Reserve annual meeting.
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