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  • London open: Footsie slips as ex-div stocks provide a drag

    Wednesday 22 Feb 2012

    - Shell makes near-£1bn bid for Cove Energy. - Markets digest Greek bailout, China data. - Ex-div stocks provide a drag.

  • Wednesday newspaper round-up: Greece, Iran, Tax cuts

    Tuesday 21 Feb 2012

    At a G20 summit in Mexico in two days the EU will plead for increased IMF contributions by non-euro countries to help shore up a Eurozone "financial firewall" seen as vital to protecting Spain and Italy from Greek debt contagion. The IMF will refuse to make extra cash available to the EU and will threaten to pull the plug on its contribution to Tuesday's €130bn bailout of Greece unless the

  • Royal Dutch to shell out for Cove Energy

    Tuesday 21 Feb 2012

    Anglo-Dutch integrated oil company Royal Dutch Shell has launched a bid for Cove Energy, the AIM-listed oil and gas company which put itself up for sale in January.

  • FTSE 250 movers: Kenmare jumps as bid talk continues

    Tuesday 21 Feb 2012

    Titanium miner Kenmare Resources was leading the risers today, extending its strong run as bid speculation continues to circulate. The stock is now up over 20% over the last month, with the Financial Times reporting last week that Rio Tinto or a Chinese firm could be eyeing the firm as a takeover target.

  • Europe open: Stocks mixed following weak economic data

    Tuesday 21 Feb 2012

    -Iran blocks IAEA inspectors from some sites. -Banks deposited €449.1bn overnight at ECB. -Germany to sell €5bn in 2 year debt. -Greece will implement CACs at 66% threshold.

  • UK net borrowing fell by more than expected in January-UPDATE

    Tuesday 21 Feb 2012

    The UK public sector´s current budget (including interventions) was in surplus by £14.7bn in the month of January, that is £2.7bn higher than in January 2011, when there was a surplus of £12.0bn, according to the latest data released by the Office for National Statistics (ONS).

  • UK public sector net borrowing falls more than expected in January

    Tuesday 21 Feb 2012

    The UK public sector´s current budget (including interventions) was in surplus by £14.7bn in the month of January, that is £2.7bn higher than in January 2011, when there was a surplus of £12.0bn, according to the latest data released by the Office for National Statistics (ONS).

  • Centrica buys North Sea assets from Total

    Tuesday 21 Feb 2012

    British Gas owner Centrica is to acquire the Total E&P UK's non-operated portfolio of producing oil and gas assets (and associated infrastructure) in the Central North Sea (CNS).

  • London midday: Stocks continue to fall after Greek bailout

    Tuesday 21 Feb 2012

    - Eurogroup approves Greek bailout. - Oil stocks drag Footsie lower. - Tullow Oil drops despite oil find in Sierra Leone.

  • Broker snap: Nomura upgrades Petropavlovsk ahead of resource update

    Tuesday 21 Feb 2012

    Nomura has upgraded its rating and target price for Russia-focused gold miner Petropavlovsk, saying that the group's resource update this week could "create trading opportunity".

  • Europe midday: Greek agreement leaves questions unanswered

    Tuesday 21 Feb 2012

    -Funding tight for Eurozone banks despite ECB loans-S&P -No need to think about changing Portugal program-Schaeuble -EFSF auctions €1.9bn in 6 month debt at 0.19% (Previous: 0.27%).

  • UK public sector net borrowing falls more than expected in January

    Tuesday 21 Feb 2012

    The UK public sector´s current budget (including interventions) was in surplus by £14.7bn in the month of January, that is £2.7bn higher than in January 2011, when there was a surplus of £12.0bn, according to the latest data released by the Office for National Statistics (ONS).

  • UK net rental income slides at SEGRO

    Tuesday 21 Feb 2012

    Industrial property owner SEGRO sent out mixed messages with its 2011 results, with earnings per share up, net asset value (NAV) per share down and profits before tax turning into a loss.

  • Chinese PMI data may contribute to growth worries

    Tuesday 21 Feb 2012

    HSBC´s purchasing managers´ index (PMI) for the month of January has risen to 49.7 points this morning, above the reading of 48.8 seen in the month before, according to preliminary data just released by the lender.

  • London open: Stocks slip after Greek bailout approval

    Tuesday 21 Feb 2012

    - Eurogroup approves Greek bailout. - Euro strengthens after announcement. - Footsie slips early on with oil stocks weighing on index.

  • Tuesday tips round-up: CSR, E2V, IG

    Tuesday 21 Feb 2012

    Computer chip maker CSR gets the eye from Tempus in the Times following an update yesterday revealing stronger than expected revenues.

  • AMEC unveils share buy-back programme

    Tuesday 21 Feb 2012

    Engineering and project management services outfit AMEC is returning pots of cash to shareholders, emboldened by the strength of its order book and the positive outlook for the markets it serves.

  • Tullow exploration well finds oil in Sierra Leone

    Tuesday 21 Feb 2012

    Following the results of drilling, wireline logs and sample of reservoir fluids, oil and gas giant Tullow Oil has confirmed that one of its exploration wells offshore Sierra Leone has successfully encountered hydrocarbons.

  • Tuesday newspaper round-up: Greece, Centrica, Tories

    Monday 20 Feb 2012

    Eurozone finance ministers agreed a deal for a €130bn bailout of Greece in the early hours today, including a major write-down of privately-held Greek sovereign debt. The deal, which gives Greece a financial lifeline in exchange for strict surveillance of Athens, came after 12 hours of tense talks in Brussels that saw Lucas Papademos, the Greek Prime Minister, act as go-between for ministers with

  • Summary of Eurogroup decision on Greece

    Monday 20 Feb 2012

    In a statement issued this morning Eurozone (Eurogroup) finance ministers announced that they have reached a deal with Greece on a second bail-out package.

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