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  • London midday: Surging Eurozone bond yields dent stocks

    Wednesday 30 May 2012

    - Bankia and Spain continue to weigh on sentiment - ECB denies interference in plans for Bankia - Chinese stimulus hopes fade

  • ECB denies sticking its nose in on Bankia plans

    Wednesday 30 May 2012

    The European Central Bank has denied press claims that it has been sticking its nose into Spain's affairs and advising on the southern European country's plans to recapitalise stricken lender Bankia.

  • Entertainment One signs up US Peppa Pig publishers

    Wednesday 30 May 2012

    Film and TV content distributor Entertainment One announced that Scholastic and Candlewick Press will be Peppa Pig's publishing partners in the US.

  • Capita buys medical software company

    Wednesday 30 May 2012

    Outsourcing firm Capita has splashed out 20 million pounds on technology firm Clinical Solutions Holdings.

  • Broker snap: UBS cuts target for Wolseley

    Wednesday 30 May 2012

    UBS has lowered its price target for plumbers' merchant Wolseley from 2,650p to 2,500p following Tuesday's third-quarter statement, which showed deteriorating conditions in Europe.

  • Wednesday tips round-up: Brewin Dolphin, Pennon, Scapa

    Wednesday 30 May 2012

    The investment manager Brewin Dolphin gets a big push from Questor in the Telegraph. It’s fallen 13.5 per cent in the past year but the dividend yield is north of five per cent and funds under management are also growing (up 7.1 per cent at the last count). With a strategy review underway the stock is a buy for its dividend.

  • Europe mid-morning: Spain repeating Ireland's mistake?

    Wednesday 30 May 2012

    -Italy debt auction on tap -Banks deposit €759.7bn overnight at ECB

  • Wednesday press round-up: Spanish meltdown, Facebook share plunge...

    Wednesday 30 May 2012

    In the Financial Times, the lead is an apparent rejection by the European Central Bank of a proposal by the Spanish government to recapitalise its beleaguered lender Bankia. Spain, says the FT, wants to issue new bonds which it would give to Bankia, which it could then swap for cash at the ECB. Spain is currently struggling under 140bn euros of bad loans in the property sector and there are now

  • Spain’s central bank governor steps down early

    Wednesday 30 May 2012

    Bank of Spain governor Miguel Fernández Ordóñez has announced that he will resign on Sunday, June 10th, instead of waiting for his term to expire on July 12th.

  • Bonds: Euro reckoning nears as Italian auction fails

    Wednesday 30 May 2012

    These were the yields and movements on some of the most watched 10-year bonds by the close in Europe:

  • AMEC expands in 'key growth region'

    Wednesday 30 May 2012

    Engineering and project management group AMEC has acquired a Brisbane-based consulting, engineering and technical services business to expand its Environment and Infrastructure service offering in Australia.

  • Severn Trent profits down but no hosepipe ban

    Wednesday 30 May 2012

    Utility provider Severn Trent announced profits were down but said it forecast no water restrictions for customers this year.

  • Viterra shareholders OK Glencore bid

    Wednesday 30 May 2012

    The takeover of agricultural business Viterra by commodities trader and mining firm Glencore has moved a step closer after Viterra passed a special resolution.

  • London pre-open: FTSE to track Asian sell-off

    Wednesday 30 May 2012

    City sources predict the FTSE 100 will open down 38 points from yesterday's close of 5,391, taking its lead from losses in Asia on the back of concerns over Spain's banking sector, which last week saw the part nationalisation of its fourth largest bank, Bankia.

  • London close: Stocks rally after strong start in US

    Tuesday 29 May 2012

    - US markets provide a lift after long weekend - Chinese optimism lifts resource stocks - Greggs celebrates pasty tax U-turn

  • FTSE 100 movers: Wolseley leads the way lower as growth slows

    Tuesday 29 May 2012

    Leading the fallers was plumbers' merchant Wolseley which saw like-for-like growth slow down in its fiscal third quarter as it runs up against tougher comparatives from last year.

  • London midday: Gains erased as Spain dents sentiment

    Tuesday 29 May 2012

    - Spanish concerns weigh on European markets - Earlier optimism surrounding China outweighed by euro worries - Banks slip into the red, miners trim gains

  • Former hedge fund boss Alberto Micalizzi fined by FSA

    Tuesday 29 May 2012

    The former Chief Executive of Dynamic Decisions Capital Management (DDCM) has been fined and banned from working in financial services by the Financial Services Authority (FSA) over serious wrongdoings which took place in 2008.

  • Jaguar Land Rover revs into the fast lane with record sales

    Tuesday 29 May 2012

    Indian-owned car manufacturer Jaguar Land Rover has posted record-high sales, increasing pre-tax profits by a third following strong demand from China and other emerging markets.

  • Broker snap: Pasty tax U-turn removes risk at Greggs

    Tuesday 29 May 2012

    Canaccord Genuity has upgraded its rating for high street bakery and hot snacks chain Greggs now that 'pasty-gate' is over.

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