Monday newspaper round-up: Independent News, House prices, Gold
14th Sep 2009 06:24
Sir Anthony O'Reilly is close to an agreement that will see him give up his controlling stake in the stricken publishing company behind The Independent newspaper. Desperate to pull off a financial rescue of his debt-laden Independent News & Media (IN&M), Sir Anthony has embraced a plan under which
Read moreMonday newspaper round-up: G20, BAe, T-Mobile
7th Sep 2009 06:39
The future of the French investment banking industry was last night under threat after the Elysée Palace refused to back down over demands to cap traders' bonuses. At the G20 meetings in London that concluded on Saturday, finance ministers and central bankers agreed on guidelines for the payment of
Read moreO'Brien calls for EGM on Independent's future
2nd Sep 2009 07:47
Denis O'Brien, Independent News & Media's second-largest shareholder, has stepped up the pressure on the embattled publisher by calling for a vote on the future of the Independent and The Independent on Sunday. O'Brien wants the struggling titles either to be sold or closed. He also wants an EGM to
Read moreLondon close: Comfortable gains posted
28th Aug 2009 16:40
London's benchmark index finished the day with decent gains, though off earlier highs, with banks and miners proving the catalyst. Lloyds was the major riser on rumours that it is considering alternatives to the government's toxic asset protection scheme (APS), which could include the sale of Scot
Read moreLondon afternoon: Shares aim higher
28th Aug 2009 14:27
London's blue chips have added to gains in afternoon trading ahead of what is expected to be a rosy start on Wall Street. US stocks are seen posting good gains after Intel hiked its third-quarter revenue outlook just before the open. Kazakhmys, Xstrata, Rio Tinto, Antofagasta, Randgold Resources,
Read moreLondon midday: Miners keep Footsie ahead
28th Aug 2009 11:33
Miners and financials are giving the markets a cheer before the extended weekend break. Kazakhmys, Xstrata, Rio Tinto, Antofagasta, Randgold Resources, Anglo American and Vedanta Resources are all amongst the major risers. Lloyds is amongst the risers on rumours that it is considering alternative
Read moreLondon open: Miners lead advance
28th Aug 2009 08:17
London's blue chips are clawing back some of yesterday's losses in early dealings, thanks to strong mining stocks. Kazakhmys, Xstrata, Rio Tinto, Antofagasta, Randgold Resources, Anglo American and Vedanta Resources are all in demand. Lloyds Banking is said to be considering alternatives to joinin
Read moreINM swings to loss, sees FY at lower end
28th Aug 2009 07:52
Independent News and Media, the Irish publisher of the UK's Independent newspaper, swung to a first-half net loss and said it expects full-year profits to be at the low end of guidance. The group also said it still believes it will be able to reach an agreement over a €200m bond that was originally
Read moreSmall caps round-up: Billing Services, Playwize, EcoSecurities...
21st Aug 2009 07:57
Billing Services, which provides financial risk management solutions to the telecommunications industry, saw underlying profit rise for the half-year and said it was on track to meet expectations for the full year. For the first half, EBITDA increased to $19.2m from $17.4m before on turnover that r
Read moreThursday newspaper round-up: Xstrata, Anglo American, Stagecoach
25th Jun 2009 06:10
Xstrata stepped up its campaign to merge with Anglo American last night, taking its £41 billion merger proposal over the heads of Anglo's board to its shareholders. The Anglo-Swiss miner will intensify its charm offensive in the coming days, with Mick Davis, its chief executive, expected to meet the
Read moreLondon close: Further losses after World Bank cuts forecast
22nd Jun 2009 16:55
Having endured a dull morning London's leading stocks pitched further into the red in the afternoon session after the World Bank cut its 2009 global growth forecast. British Airways was the biggest faller on arch rival Richard Branson's comments that it should be allowed to go bust if its financia
Read moreLondon afternoon: BA runs into turbulence
22nd Jun 2009 14:52
The Dow Jones has opened with a triple digit fall prompting a further softening of prices on this side of the pond. Anglo shares have shot forward on the confirmation of an approach from Xstrata. In a statement, Xstrata said a merger was "highly compelling" and would provide "enhanced scale and fin
Read moreLondon midday: Footsie struggles despite M&A burst
22nd Jun 2009 12:22
Footsie is struggling despite the possibility of a mega mining merger between Anglo American and Xstrata. Anglo shares have shot forward on the confirmation of an approach from Xstrata. In a statement, Xstrata said a merger was "highly compelling" and would provide "enhanced scale and financial fle
Read moreLondon open: Lower despite rush of bid activity
22nd Jun 2009 08:31
Footsie has opened lower despite a rush of possible mergers and takeovers including a £41bn mining tie-up. Swiss-based mining giant Xstrata has confirmed an approach to rival Anglo American over a possible merger, but so far has received a lukewarm response from the London-based, but South African
Read moreLondon pre-open: M&A in focus
22nd Jun 2009 07:37
Footsie is expected to open largely flat with investors mulling M&A activity among the blue chips. Swiss-based mining giant Xstrata has confirmed an approach to rival Anglo American over a possible merger, but so far has received a lukewarm response from the London-based, but South African dominat
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