Monday newspaper round-up: Greece, Barclays, Britvic
12th Nov 2012 07:08
Greek lawmakers approved the country's 2013 austerity budget early Monday, an essential step in Greece's efforts to persuade its international creditors to unblock a vital rescue loan installment without which the country will go bankrupt. The budget passed by a 167-128 vote in the 300-member Parlia
Read moreLondon close: 'Obama-rally' squashed by euro concerns
7th Nov 2012 16:46
- Footsie retreats from eight-month high after EC forecast - Fiscal cliff, Germany and Greece weigh on sentiment - Randgold loses 6.4 per cent after Q3 statement The 'Obama-rally' proved only temporary on Wednesday as concerns about the Eurozone crisis offset any optimism regarding the re-election
Read moreFTSE 100 movers: Polymetal leads the risers
7th Nov 2012 15:24
Polymetal topped the risers list today as gold prices neared a two-week high on the back of the Obama re-election. The precious metal was up at $1,729 per ounce this morning, its highest level since October 23rd. Fellow miner Fresnillo was on the rise, tracking commodities prices higher as the d
Read moreLondon midday: Footsie at eight-month high after Obama re-election
7th Nov 2012 11:22
- Footsie rises to eight-month high in intraday trade - Obama re-election sparks rise in metals prices - Randgold bucks the trend after disappointing Q3 Investors were in a bullish mood on Wednesday morning, celebrating the news that Barack Obama has been re-elected for another four years as Presid
Read moreWednesday broker round-up
7th Nov 2012 08:59
3Leg Resources: Jefferies keeps buy rating and 100p target AB Foods: Barclays Capital ups target from 1,375p to 1,475p, overweigh rating kept; Nomura ups target from 1,380p to 1,500p, buy rating kept. Aberdeen: UBS ups target from 340p to 370p, buy rating kept. Babcock: Jefferies ups target from
Read moreLondon open: Mining stocks gain after Obama re-election
7th Nov 2012 08:27
- Miners track metals higher as Obama re-elected - Randgold bucks trends after Q3 results - Pearson makes gains on FT sale rumours Mining stocks on Wednesday celebrated the news that Barack Obama has been re-elected as President of the United States, with hopes for further stimulus Stateside boosti
Read moreSerco buys out Australian maritime JV partner
7th Nov 2012 07:25
International services giant Serco has bought out its 15-year joint venture partner in Australian defence and marine services business DMS Maritime Pty Ltd. Serco, which manages everything from traffic management and computer support to airspace and education, has signed an agreement to purchase P&
Read moreLondon close: Stocks fall as Hurricane Sandy batters the US
29th Oct 2012 16:32
UK stocks finished slightly lower after a volatile session with markets showing caution as Hurricane Sandy hits the east coast of America, causing the New York Stock Exchange to suspend trading for today and possibly tomorrow. "It's been a day of low volumes today as investors hold back to assess t
Read moreFTSE 100 movers: Sage gets boost from Citigroup
29th Oct 2012 15:07
Sage Group was leading the risers after Citigroup upgraded the stock from neutral to buy, and raised its target price from 294p to 345p. Similarly, Deutsche Bank has today upped its price targets Hammerson to 580p from 540p, boosting the stock into the top three risers. Serco Group, the internat
Read moreLondon pre-open: FTSE to open lower as hurricane closes NYSE
29th Oct 2012 07:25
City sources predict the FTSE 100 will open down 12 points from Friday's close of 5,807, hit by the news that Wall Street will be shut ahead of 'superstorm' hurricane Sandy, which is expected to hit Wall Street in the next few hours. With stock markets, derivative exchanges and the larger of the U
Read moreSerco to partner AEGON in UK zombie funds maintenance
29th Oct 2012 07:01
Serco Group, the international service company, has signed a contract for an outsourcing partnership that will provide customer contact and support services for AEGON, the Dutch life and pensions company. The contract starts on November 1st and marks Serco's entry into this segment of the financia
Read moreContract wins round-up: Summit, Pinnacle, Eckoh
11th Sep 2012 09:49
UK drug discovery company Summit has signed a technology licensing agreement with US pharmaceuticals colossus, Bristol-Myers Squibb. The US firm will use use Summit's proprietary Seglin technology to identify and develop drug candidates for up to ten targets across multiple therapeutic areas. Summi
Read moreLondon pre-open: Germany´s CC will not delay ESM decision
11th Sep 2012 07:26
City sources predict the FTSE 100 will open down 24 points from yesterday's close of 5,793. Dragging on markets, surely, is the uncertainty in Germany, where just last night the entire future of the Eurozone's bailout mechanism was thought to hang in the balance. The nation's Constitutional Court
Read moreSerco wins Kiwi gaol contract
11th Sep 2012 07:12
Outsourcing firm Serco Group is part of a consortium chosen to provide and operate a new prison to be built at Wiri, South Auckland, New Zealand. The prison is set to open in mid-2015, and Serco will operate the prison for 25 years. Its partners in the consortium include Fletcher Construction, John
Read moreAussie tax man renews Serco contract
10th Sep 2012 10:52
Outsourcing titan Serco has renewed its business process outsourcing contract with Australian tax man. The five-year contract is worth $A140m ... before tax, which is around £90m in sterling. The contract has two one-year extension options and is worth about the same as the contract it replaces. U
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