Sunday newspaper round-up: ENRC, RBS, Lloyds
18th Oct 2009 12:17
Eurasian Natural Resources Corporation (ENRC), the Ftse 100 metals and mining giant, is planning to buy out its founders' African assets in a potentially controversial deal. The deal, which has not been valued but could be worth more than $2bn (£1.2bn), would be paid entirely or mostly in shares rat
Read moreThursday tips round-up: Punch Taverns, BAE, N Brown
15th Oct 2009 06:04
Punch Taverns only trades on 6.4 times 2010 full-year earnings, which is hardly expensive. But given the business's problems, it's hard to say that it deserves a better rating. Even if its turnaround measures start to bear fruit, the question is whether an enormous, impersonal chain can ever really
Read moreLondon close: Triple digit gains for FTSE 100
14th Oct 2009 16:36
Footsie ended with gains in excess of 100 points amid a backdrop of cheery economic news and encouraging earnings from the US. Shares started well after US chip-maker Intel smashed forecasts with its third quarter results, were given a boost by a smaller than expected rise in unemployment, then cli
Read moreLondon midday: Shares soar on US earnings optimism
14th Oct 2009 12:12
Shares are racing away after US bank JP Morgan followed Intel and smashed through forecasts for the third quarter. Futures are pointing to more than a 120 point gain for the Dow when the US kicks off and UK shares are climbing in anticipation. Intel's results came in well ahead of expectations per
Read moreLondon open: Bulls charge ahead after Intel optimism
14th Oct 2009 08:44
The bulls are in full charge mode this morning after forecast-busting third quarter results from Intel raised optimism for a strong US third quarter earnings season and eventual US economic recovery. Intel, the world's largest computer chipmaker, reported an 8.3% drop in net income for the three mo
Read moreLondon pre-open: Buying spree predicted
14th Oct 2009 07:39
Forecast-busting third quarter results from Intel overnight look set to inject some life into proceedings today, with futures prices indicating big gains for London. The leading index is expected to add more than 50 points at the start of play following an optimistic outlook from the world's larges
Read moreBAE stands firm over SFO probe
14th Oct 2009 07:17
Defence giant BAE Systems today vowed to deal with any issues that arise from the Serious Fraud Office's (SFO) investigations into allegations of bribery "at the appropriate time and, if necessary, in court". The SFO is seeking consent from the Attorney General to charge the UK blue chip with 'offe
Read moreSunday newspaper round-up: JJB Sports, Lloyds Banking, Punch Taverns
11th Oct 2009 11:16
JJB, the sportswear giant, claimed last night that it was the target of an elaborate hoax designed to sabotage a £100m fundraising plan and wreck the reputation of its chairman. The allegations were so serious that the retailer was forced on Friday to postpone the rights issue because it believed "
Read moreThursday newspaper round-up: BAE Systems, Ladbrokes, ITV
8th Oct 2009 06:28
The Serious Fraud Office (SFO) is considering dropping a part of its corruption case against BAE Systems in order to focus on areas most likely to result in a successful prosecution, says the Telegraph. The SFO is understood to be ready to abandon the case it has been pursuing against the defence c
Read moreLondon close: Footsie puts on late spurt
5th Oct 2009 17:16
Having been lethargic all day leading shares put on a late spurt in London, after receiving a transatlantic boost in the form of better than expected data from the US services sector. Miners featured prominently among the top performers, helped by bullish comment from Royal Bank of Scotland (RBS).
Read moreLondon afternoon: Footsie eases into the red
5th Oct 2009 13:45
The Footsie dipped into the red over the lunch-time session but it was a very shallow dip, with leading shares mixed and mostly sticking close to overnight levels. Life insurer Aviva is the heaviest faller in the FTSE 100 after it confirmed it is to sell a minority stake in its Dutch insurance bus
Read moreLondon midday: Shares still sluggish
5th Oct 2009 12:13
Equities are in sluggish mood on the first day of trading this week and the leading share index sits just below the 5,000 point level. Life insurer Aviva is the heaviest faller in the FTSE 100 after it confirmed it is to sell a minority stake in its Dutch insurance business Delta Lloyd through a fl
Read moreLondon open: Quiet start for Footsie
5th Oct 2009 08:43
London has made a cautious start with markets still seemingly unsettled by last week's US jobs data. Over here, Aviva has confirmed it is to sell a minority stake in its Dutch insurance business Delta Lloyd through a float on Euronext in Amsterdam. No more details were released, but weekend reports
Read moreLondon pre-open: Heading higher
5th Oct 2009 07:22
Expect a partial recovery from Friday's sell-off as investors, looking as higher US futures prices, continue to buy on the dips. London is set to start about 20 points higher, according to City sources, while early indications are that Wall Street will add about the same when it opens later. Over
Read moreMonday newspaper round-up: BAE Systems, HSBC, Royal Bank of Scotland
5th Oct 2009 06:19
BAE Systems is prepared to settle the Serious Fraud Office's (SFO) six-year investigation into allegations of bribery in Africa and Eastern Europe, but will not do so "at any cost". The defence contractor is understood to be keen to resolve the issue, one way or the other, to draw a line under the
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