13th Feb 2012 06:16
Rioters set Athens ablaze last night as Greek MPs approved a harsh new austerity package aimed at keeping their country in the euro. Tens of thousands of demonstrators besieged Parliament while MPs neared the historic vote, which opens the way for a €1bn bailout by the EU and the IMF. Anarchists in
Read more1st Feb 2012 07:03
Shire Pharmaceuticals: Credit Suisse maintains outperform rating and 2,350p target. Reckitt Benckiser: Credit Suisse maintains outperform rating and 3,800p target. easyJet: Credit Suisse maintains outperform rating and 503p target. Meggitt: Credit Suisse reiterates underperform rating and 330p ta
Read more23rd Jan 2012 16:32
- Markets await news from Greece. - Essar Energy jumps over 10%. - EU approves sanctions against Iran. UK stocks finished the day with impressive gains as investors awaited developments from Greece. Meanwhile, finance ministers of the Eurozone were meeting in Brussels to discuss terms of the Greek
Read more23rd Jan 2012 11:46
- Markets await news from Greece. - Lagarde warns of "1930s moment"; - RBS rises on rumours of CEO waiving bonus. London's benchmark index had extended gains by midday with the market showing their optimism as investors awaited news from Greece. US stock futures were also pointing to a positive sta
Read more23rd Jan 2012 11:29
UBS has downgraded industrial engineer IMI from buy to neutral, saying it "can't get excited" over the group's growth prospects. "We still like IMI's self-help story and balance sheet optionality but after the disappointment over Q3 growth, at least versus our expectations, combined with a recently
Read more23rd Jan 2012 10:28
Merchant Securities has reiterated its buy stance on Rockhopper Exploration as rumours continue to 'do the rounds' in relation to possible buyers of the Falklands-focused oil and gas group. At the weekend, the Sunday Times said that US firm Anadarko Petroleum Corp is mulling over whether or not to
Read more23rd Jan 2012 09:26
BAE Systems: Barclays Capital upgrades to overweight from neutral. Weir: JP Morgan downgrades to neutral from overweight. Royal Dutch: ING initiates coverage at buy. IMI: UBS downgrades from buy to neutral, target cut from 950p to 900p. Renishaw: UBS upgrades from neutral to buy, target hiked
Read more23rd Jan 2012 08:36
UK stocks rose on Monday with hopes that Greece can reach a deal with its bondholders boosting sentiment early on. The Institute of International Finance (IIF) seems to have hardened its stance in its negotiations with Greece. Charles Dallara, theManaging Director of the IIF, the body which is neg
Read more23rd Jan 2012 07:04
Edinburgh-based explorer Cairn Energy is to partner with Statoil ASA to help exploit the Pitu block in the Baffin Bay Basin, west of Greenland. However, the firm offered no clue as to whether a tie-up with Rockhopper was on the cards in its trading update. Recent reports claim Cairn has held talk
Read more16th Jan 2012 16:29
The market reaction to S&P's mass downgrade of nine Eurozone nations was fairly muted on Monday, with the Footsie finishing at its highest levels of the day, as many argue that the downgrades of France and Austria (both rated AAA previously) were already priced in. Meanwhile, the results of the late
Read more16th Jan 2012 11:54
After a stint in the blue, and the red, the Footsie was trading flat by midday on Monday, as the markets digested the S&P move to downgrade nine Eurozone countries on Friday evening. Eyes are on France as the nation looks to issued €8.7bn in government debt today. Standard & Poor's (S&P) "finally"
Read more16th Jan 2012 11:01
Rockhopper Exploration, the Falkland Islands focused oil and gas company, has risen this morning on rumours of a possible takeover by Cairn Energy. The Sunday Times reported yesterday that cash rich Cairn, which made billions by developing fields in India, is interested in taking over Rockhopper's
Read more16th Jan 2012 10:36
Credit Suisse has reassessed its view on cruise ship operator Carnival following the news that one of its luxury liners grounded off the coast of Italy at the weekend. The broker maintained its neutral rating on the stock but said that incident will be a "black mark on the cruise industry" as well
Read more16th Jan 2012 09:48
Merchant Securities remains a buyer of oil and gas firm Rockhopper Exploration following speculation that sector peer Cairn Energy could launch a takeover bid. The Sunday Times reported that Rockhopper is looking for a partner to share development costs for its Falkland Island assets, with reports
Read more16th Jan 2012 08:48
Capita: Bank of America-Merrill Lynch downgrades to neutral from buy. Carnival: Credit Suisse keeps neutral rating and 2,285p target; Morgan Stanley downgrades to neutral from outperform, target cut from 2,700p to 1,800p. Amec: Goldman Sachs upgrades to buy from neutral. Morrisons: Deutsche Bank
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