Sunday newspaper round-up: Gaza, BP, Banks
18th Nov 2012 20:34
President Obama has increased the pressure on Israel and Hamas to agree a truce before a ground war breaks out in Gaza and pushes any prospect of peace "way off in the future". Talks brokered by Egypt were continuing through the fifth day of violence, and Palestinian sources have claimed that a deal
Read moreFriday broker round-up -UPDATE
16th Nov 2012 07:22
Anglo American: Deutsche Bank cuts target price from 2600p to 2520p and reiterates a buy rating. Atkins: JP Morgan Cazenove reduces target price from 862p to 859p, overweight rating maintained. Bodycote: Investec raises target price from 400p to 410p, buy recommendation remains unchanged. Brammer
Read moreLondon midday: Stocks slump on global economic concerns
15th Nov 2012 11:49
US budget talks, Eurozone debt concerns and violence in the Middle East combined to pressure stocks lower on Thursday, pushing the Footsie to levels not seen since early September. The FTSE 100 hit an intraday low of 5,687 early on, before recovering to around the 5,700 mark by lunchtime. The last
Read moreLondon open: Footsie drops to 10-week low on US and Eurozone fears
15th Nov 2012 08:50
The FTSE 100 sunk to a 10-week low in intraday trade on Thursday morning as worries about the US budget and uncertainty in the Eurozone continues to dampen stocks. The last time the Footsie closed lower was on September 5th when it finished at 5,658. Market chatter still abounds on the danger of t
Read moreLondon pre-open: FTSE set to track US stocks lower, again
15th Nov 2012 07:27
City sources predict the FTSE 100 will open down 40 points from yesterday's close of 5,722, tracking losses in the US overnight. The Dow Jones tumbled 185 points as disappointing economic data, worries about the impending 'fiscal cliff' and the prospect of heightened tensions in the Middle East al
Read moreCentrica's customers hit the gas
15th Nov 2012 07:02
Centrica, the utilities company which trades under the British Gas and Scottish Gas name, is on track to achieve earnings growth in line with expectations, provided the weather and commodity prices play ball. Average UK residential gas consumption for the first ten months of 2012 was 9% higher than
Read moreLondon close: Footsie drops over one per cent after Rehn comments
14th Nov 2012 16:32
- Olli Rehn says Spain has taken 'effective action' - UK data mixed; BoE cuts growth forecast - Mining and oil stocks sold off The Footsie lost nearly one per cent on Wednesday as risk appetite waned after comments from Olli Rehn on Spain and concerns about the global economy brought out the bears.
Read moreFTSE 100 movers: AMEC rises to top spot as Evraz dives
14th Nov 2012 16:05
Engineering consultancy AMEC gained after saying it was trading in line with expectations despite ongoing economic uncertainty. The firm said mining activity was slowing, but conventional oil and gas activity remained strong, particularly in the North Sea and Gulf of Mexico. Shares in Centrica ros
Read moreLondon close: Stocks stage late rally but sentiment still fragile
13th Nov 2012 16:57
- Greece granted two more years to meet target - German sentiment worsens in November - ITV soars nine per cent after third-quarter figures A positive start on Wall Street prompted a rally for equity markets this side of the Atlantic on Tuesday afternoon, as investors temporarily shrugged off conce
Read moreFTSE 100 movers: ITV soars after beating market expectations
13th Nov 2012 14:59
Shares in ITV leapt after the broadcaster beat market expectations, despite net advertising revenue falling in the third quarter. NAR for the 'ITV Family' was down 10% in July, down 9% in August and down 1% in September, after taking a hit from the Olympics and Paralympics, which were shown on the B
Read moreCentrica denies market fixing claims
13th Nov 2012 10:28
British Gas owner Centrica has vigorously denied claims it had a hand in the manipulation of wholesale gas prices. Investigations are underway by the Financial Services Authority (FSA) and Ofgem following claims by a whistleblower. They centre on the claim that on 28th September - when information
Read moreSunday share tips: Mytrah Energy, BG Group, Centrica
4th Nov 2012 17:42
Mytrah Energy listed on the Alternative Investment Market on October 12th, 2010, at 115p. At the time it had no assets. Today it is the second largest independent wind power company in India, with contracts in place to sell electricity for the next 20 years. Wind turbines may be controversial in Br
Read moreBritish Gas to hike prices next month
12th Oct 2012 08:32
Centrica, which trades under the British Gas brand, is to hike domestic gas and electricity prices in November. Britain's biggest energy supplier has begun notifying its customers that it will raise domestic gas and electricity prices by an average of 6% on November 16th. According to British Gas,
Read moreFriday newspaper round-up: BAE, BoE, BP
12th Oct 2012 06:13
BAE Systems is examining a series of potential acquisitions to bolster its position in the United States in the wake of its failed merger with EADS. While British investors are demanding to see BAE's top brass on strategy, following the aborted 28bn pound merger, The Times has been told the defence
Read moreSunday newspaper round-up: Greece, BAE Systems, Britain´s banks
7th Oct 2012 18:06
Greece cannot have more time to repay its debt to the European Central Bank because it would be illegal and "illogical", board member Joerg Asmussen has said, as he shut the door on pleas for leniency from the bank. Mr Asmussen said that the ECB could not lengthen the time period for loans to Greece
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