Wednesday newspaper round-up: North Sea, India, Germany
21st Aug 2013 06:45
Oil production from the North Sea will slump by more than expected this year and be flat in the next, according to new estimates by Oil&Gas UK. Those revisions are the result of the latest data pertaining to the extent of the necessary maintenance and repair operations which will need to be carried
Read moreLondon midday: Miners lead markets lower, Fed in focus
19th Aug 2013 12:09
The FTSE 100 was trading slightly lower on Monday morning with heavyweight mining stocks providing a drag as investors scaled back their appetite for risk. Markets were rangebound today with less than 30 points separating the FTSE 100's intraday low (6,477) and high (6,506). This follows the index'
Read moreFTSE 100 movers: Mining stocks advance after China data
9th Aug 2013 13:12
Mining companies rallied after a slate of upbeat Chinese data eased worries of a slowdown in the world's second largest economy. Fresnillo and Glencore Xstrata were the top risers followed by Randgold Resources, Anglo American and Rio Tinto. Vodafone Group edged higher after announcing it would l
Read moreLondon close: Markets rise as Chinese data gives miners a boost
8th Aug 2013 16:35
London's FTSE 100 finished Thursday's session in positive territory, registering moderate gains as a strong performance in the mining sector and results from Aviva helped the index rebound slightly after a four-day losing streak. Forecast-beating trade figures from the world's top metals user, Chin
Read moreSFO admits loss of data from BAE probe
8th Aug 2013 15:22
The Serious Fraud Office has accidentally lost some of the data it gathered during the course of its closed investigation into defence giant BAE Systems. It said it returns material supplied for investigations once they are closed, if requested. In this instance, it accidentally sent 32,000 pages
Read moreFTSE 100 movers: Aviva jumps as first-half results impress
8th Aug 2013 14:41
Aviva's share price surged on Thursday after the insurer beat forecasts in the first half as its turnaround continues. The firm reported a five per cent rise in operating profit to 1,008m pounds, ahead of the 933m-pound estimate, while the value of new business jumped 17 per cent to 401m pounds. "I
Read moreFriday newspaper round-up: Goldman Sachs, UK banks, Fed
2nd Aug 2013 06:47
Former Goldman Sachs trader Fabrice Tourre has been found guilty in the US for defrauding investors in a derivatives deal linked to subprime mortgages, the Financial Times reported. UK banks have agreed to pay the equivalent of almost £400 to every adult in the country over the mis-selling of payme
Read moreFriday tips round-up: BAE Systems, UBM, Shell
2nd Aug 2013 06:42
BAE Systems has revealed that uncertainty surrounding a contract to supply Typhoon jets to the Saudis will soon be resolved. The company said the resolution would be worth 3.0p on earnings per share in the current financial year. In 2007 the company agreed to supply 72 Typhoons and 28 have been del
Read moreLondon close: Markets surge on upbeat data, policy decisions
1st Aug 2013 16:43
Markets rose strongly on Thursday as investors reacted to dovish comments from central banks across the globe, upbeat economic data and well-received results from UK banking group Lloyds. The FTSE 100 finished 61 points higher at 6,682 today, rising to levels not seen since the end of May. "The th
Read moreLondon midday: Markets rise with central banks in focus
1st Aug 2013 11:43
Stocks were making decent gains on Thursday morning, helped by some dovish remarks from the Federal Reserve and some stronger-than-expected data from China, with Lloyds leading the FTSE 100 higher after its first-half results. It's been a busy week on the macro-economic calendar with policy decisio
Read moreBroker tips: Lloyds, Aggreko, BAE Systems
1st Aug 2013 11:08
Canaccord Genuity has placed its 'neutral' rating and target price for Lloyds under review, highlighting the possibility of a dividend next year given the bank's optimistic outlook in its first-half results. The broker said that its 'neutral' recommendation had been based on the assumption that the
Read moreBroker snap: Jefferies optimistic about second half at BAE Systems
1st Aug 2013 10:00
Jefferies has maintained its 'buy' rating and 350p target price for defence, security and aerospace firm BAE Systems, saying that the group's first-half results give it confidence in its full-year forecasts. BAE previously guided to "modest growth" in underlying earnings per share in 2013 before an
Read moreLondon open: Lloyds leads FTSE 100 higher early on
1st Aug 2013 08:56
Upbeat Chinese data and some impressive first-half results from Lloyds helped boost markets on Thursday morning, though the focus is likely to turn to central-bank decisions in the UK and Europe later on. "With the Bank of England and European Central Bank likely to announce uneventful policy decis
Read moreBAE forecasts double-digit earnings growth for 2013
1st Aug 2013 07:06
BAE Systems hiked its half-year dividend and said it expected to produce double-digit earnings growth in 2013 providing it concludes its Saudi jet deal. Britain's biggest defence company reported underlying earnings fell 6.0% to £865m as it faced pressure from US defence spending cuts. Revenues r
Read moreLondon open: Footsie comes off earlier moderate gains
26th Jul 2013 08:05
The FTSE began the morning with moderate gains of 0.5 per cent as markets tracked the rise overnight on Wall Street. That appears to have come on the heels of an article in The Wall Street Journal from noted Fed Watcher John Hilsenrath arguing that the US central bank will maintain the size of its a
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