London midday: Strong start to Q4; Footsie up one per cent
1st Oct 2012 11:24
- Investors taking advantage of underpriced stocks, says analyst - Asian and UK data disappoints - Xstrata rises after agreeing terms with Glencore London's blue-chip index gained strongly in morning trading on Monday with increased risk appetite benefitting the banking and mining sectors as stocks
Read moreBAE and EADS try to woo politicians
1st Oct 2012 10:25
The bosses of BAE Systems and EADS have set out their case for the proposed merger of their firms in a joint letter to UK, French and German newspapers. The two defence firms are proposing a $45bn - £28bn - deal, but this has proved controversial due to concerns over national security and job losse
Read moreSunday newspaper round-up: Xstrata, Spain, BAE
30th Sep 2012 16:22
The board of Xstrata is to recommend Glencore's revised $80bn (£49bn) merger offer in a move which will create a global commodities and mining powerhouse. The Telegraph understands that Xstrata's board, led by Chairman Sir John Bond, has this weekend agreed to the final points of its recommendation.
Read moreFTSE 100 movers: Tate & Lyle rises on positive update
27th Sep 2012 14:50
Sweeteners group Tate & Lyle rose after it said first half adjusted operating profit will be similar to last year's level, in line with expectations. The group said it saw an improved performance in the second quarter in its Speciality Food Ingredients business. Anglo American was also on the rise
Read moreNo rush to decide on EADS-BAE merger
27th Sep 2012 09:33
Germany's defence minister, Thomas De Maizière, reckons the October 10th deadline for thrashing out details of a merger between EADS and BAE Systems might be on the optimistic side. "Perhaps we need more time. It depends on the answers for our questions and so I think we need more time," Thomas de
Read moreThursday newspaper round-up: BAE, Debt rule, Spain
27th Sep 2012 07:09
Political tensions over the proposed merger of BAE Systems and EADS have been laid bare after Tom Enders came under pressure in the German parliament over the terms of the deal. Hans-Joachim Otto, Germany's deputy economy minister, said it was "not just a question of how but whether" the £30bn tie-u
Read moreFTSE 100 movers: Weir leads risers on bid speculation
25th Sep 2012 15:49
Weir is leading the risers on the back of speculation that GE, which yesterday said it was keeping an eye out for potential acquisitions, might be about to make a bid for the engineering giant. Hot on its tail, Carnival rose after reporting continuing strength in fleetwide booking volumes and pric
Read moreSources claim BAE and EADS are discussing new merger terms
25th Sep 2012 13:21
Defence group BAE Systems and aerospace giant EADS, which recently confirmed they are in talks with one another over a possible merger, were once again the subject of speculation after sources claimed they are considering whether to increase EADS's stake in the new company. The sources have repor
Read moreMonday newspaper round-up: BAE, Spending cuts, ESM
24th Sep 2012 06:51
BAE Systems has warned it will walk away from its proposed 35bn euro tie-up with EADS if the deal waters down its special relationship with the Pentagon. "BAE will not do this deal if its Special Security Arrangement has to change to look more like that of EADS," said one person close to BAE, in a s
Read moreSunday newspaper round-up: Budget deficit, BAE, Spanish banks
23rd Sep 2012 17:42
Economists at Morgan Stanley calculated that Britain's budget deficit could total 126bn pounds, or 7.8 per cent, of gross domestic product in 2013-14. That would make Britain's the highest projected European deficit, with the bank predicting that Greece's would stand at 6.3 per cent and Spain's at j
Read moreFriday newspaper round-up: BoE, Spain rescue, BAE
21st Sep 2012 06:27
Sir Mervyn King has prepared the ground for George Osborne to abandon a key debt reduction target by saying that it would be "acceptable" to fall short if a global slowdown was responsible. In his first live television interview the Governor of the Bank of England yesterday denied finding the job st
Read moreThursday newspaper round-up: BP, BAE, China
20th Sep 2012 06:50
BP is close to ditching its troublesome Russian joint venture and resurrecting a controversial Arctic exploration alliance after holding "positive" talks with Vladimir Putin. Bob Dudley, BP's chief executive, Carl-Henric Svanberg, its chairman, and Igor Sechin, the boss of Rosneft, the Kremlin-backe
Read moreWednesday newspaper round-up: Pensions, Tesco, BP
19th Sep 2012 06:41
Pension funds were put on alert yesterday as government statisticians paved the way for an overhaul of inflation measures that could shave billions of pounds from interest payments on holdings of gilts. Jil Matheson, the National Statistician, will consult on options for "improving" the retail price
Read moreTuesday newspaper round-up: Trade war, Pensions, BAE
18th Sep 2012 06:53
Fears of a trade war between the United States and China intensified on Monday after Barack Obama launched action at the World Trade Organisation to stop Chinese auto industry aid from threatening jobs in the key electoral battleground state of Ohio. With growth and jobs seen as vital in the race fo
Read moreMonday newspaper round-up: CCB, Heathrow, BAE
17th Sep 2012 06:29
China Construction Bank (CCB), the second-ranked Chinese bank by assets after Industrial and Commercial Bank of China, could spend as much as $15bn on a deal, according to Wang Hongzhang, the group's chairman. "Some of the banks in Europe have been put up for sale," Mr Wang told the Financial Times
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