Editor's Picks
Sector movers: Transportation sector in reverse as Stobart and Frontline fall
Friday 26 Aug 2011
Share price falls at Stobart and Frontline meant that the industrial transportation sector was among the worst performing sectors on Friday afternoon.
Lavendon recovering well
Friday 26 Aug 2011
Equipment rental firm Lavendon pulled out of its August tailspin after announcing a more than five-fold increase in pre-tax profit, as the benefits of its restructuring programme begin to feed through.
Iberdrola begins process for its first off-shore wind farm in Germany
Friday 26 Aug 2011
Energy group Iberdrola, best known in the UK as the owner of Scottish Power, has begun the process to install its first off-shore wind farm in Germany.
Treasuries advance as Bernanke sits on fence
Friday 26 Aug 2011
Treasuries are sharply higher today as investors digest Federal Reserve chairman Ben Bernanke’s comments at its annual meeting. The Fed still has tools to stimulate the economy Bernanke said, while declining to provide details as to when they might be used. The yield on a 10-year US treasury fell by four basis points to 2.19%.
US second quarter growth revised down to just 1%
Friday 26 Aug 2011
The US economy grew by just 1% in the second quarter, according to revised estimates by the Commerce Department, a slower expansion than preliminary forecasts initially thought.
US pre-open: Stocks to fall ahead of Fed meeting
Friday 26 Aug 2011
US stocks are set to open lower after a downward revision of second quarter growth and ahead of Federal Reserve president Ben Bernanke’s speech soon after trading opens.
Broker snap: UBS cuts target for Hikma after first half miss
Friday 26 Aug 2011
UBS has cut its target price for FTSE 250 pharmaceuticals firm Hikma from 900p to 850p after first half revenues and earnings came in below forecasts.
Broker snap: UBS cuts target for Hikma after first half miss
Friday 26 Aug 2011
UBS has cut its target price for FTSE 250 pharmaceuticals firm Hikma from 900p to 850p after first half revenues and earnings came in below forecasts.
Beacon Hill soars after receiving approach
Friday 26 Aug 2011
Shares in AIM-list coking coal producer Beacon Hill Resources rocketed over 50% on Friday after the group received an “unsolicited, indicative, non-binding approach”, valuing the company at over £140m.
FTSE 100 Movers: Admiral directors wade in
Friday 26 Aug 2011
Car insurer Admiral hit rough seas after results on Wednesday disappointed, but the shares are clawing back some losses today, after directors and their family members bought some shares.
Greece requests for 90% participation rate from private investors
Friday 26 Aug 2011
Greece stated that it will not move forward with the agreement to exchange its debt for longer-maturity bonds without the participation of at least 90% of private investors. Greek Finance Minister Evangelos Venizelos insisted that a lower participation rate wiould be insufficient to permit the adjustment programme agreed to on July 21.
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.
Premium broker snap: Recent fall overdone at Premier Oil
Friday 26 Aug 2011
Premier Oil’s share price took a hit on Thursday, following the release of its interim results, but brokers have maintained their positive recommendations on the stock, saying that the firm’s current valuation remains appealing.
Market overview: Admiral fights back as chairman buys
Friday 26 Aug 2011
1100: Stocks remain slightly in the red ahead as investors bide their time ahead of this afternoon's much anticipated speech by US Federal Reserve chairman Ben Bernanke. Car insurer Admiral has rallied slightly after falls on the back of Wednesday's results, with the purchase of £200,000 of shares by the chairman helping to bolster the price. FTSE 100 down 12 at 5,119.
Aminex reports 'satisfactory progress' in Tanzania
Friday 26 Aug 2011
Aminex, the oil and gas firm with operations in Africa and the US, said that operations at its Nyuni-2 exploration well in the Indian Ocean have made "satisfactory progress" despite some delays.
Tough times for T. Clarke
Friday 26 Aug 2011
Building services group T. Clarke took a battering on Friday morning as interim profits came in well below expectations and the company slashed its interim dividend.
Economy grew by 0.2% in second quarter, ONS confirms
Friday 26 Aug 2011
The Office for National Statistics (ONS) has reiterated its estimate that the economy grew by 0.2% in the second quarter.
Coal and Allied okays improved Rio offer
Friday 26 Aug 2011
The independent directors of Australian Stock Exchange-listed miner Coal & Allied have given the green light to plans by mining giant Rio Tinto and Japanese trading house Mitsubishi Corporation to take full ownership of the company. The decision to recommend an improved offer from Rio and Mitsubishi is subject to an independent expert...
Market overview: Second quarter growth confirmed at 0.2%
Friday 26 Aug 2011
0935: The Office for National Statistics has reiterated its estimate that the economy grew by 0.2% in the second quarter. The rate of growth fell from 0.5% in the previous quarter, and subsequent data has pointed to a worsening outlook as Britain strives to recover from the financial crisis of 2008/09.
Berendsen's profits rise 18% in first half
Friday 26 Aug 2011
Berendsen, the FTSE 250 workwear textile rental and laundering services firm, was able to up its adjusted profits by 18% in the six months ended 30 June, as it makes good progress in the implementation of its strategic review.
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