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  • Commodities: Oil settles at six-week high

    Thursday 16 Feb 2012

    Oil settled at a six-week high on Thursday, buoyed by a lower dollar, positive US economic data and a big rally by equities.

  • FTSE 100 movers: Hopes for Greece boost stocks

    Thursday 16 Feb 2012

    Miners were in demand today, buoyed by rising metals prices which leapt on optimism over a Greek bailout. The latest reports from the troubled country are pointing to confirmation of the European Central Bank’s participation in the debt swap and an increased control over the bailout by Eurozone officials.

  • German President announces resignation -UPDATE

    Thursday 16 Feb 2012

    As the market expected, German President Christian Wulff has announced his resignation.

  • FTSE 100 movers: Reed Elsevier leads risers, while banks and miners fall

    Thursday 16 Feb 2012

    Information solutions provider Reed Elsevier jumped into pole position after seeing underlying revenues increase 2% in 2011, with all five business areas contributing to growth except the Exhibitions division, which was held back by biennial cycling. Nomura said today that the group's valuation - with the stock trading at 10.8 times earnings - looks "favourable".

  • African Barrick triples dividend but production slows

    Thursday 16 Feb 2012

    African Barrick Gold, the Tanzania focused gold producer, is to triple its dividend for 2011 on the back of a 30% increase in earnings and strong cash generation, although production and sales fell dramatically in the final quarter.

  • Friday newspaper round-up: Stephen Roach, Imperial Tobacco, Gold

    Thursday 16 Feb 2012

    Stephen Roach, one of Wall Street’s most prominent economists, is retiring from Morgan Stanley, the bank he joined in 1982. Mr Roach has served as the non-executive chairman for Morgan Stanley Asia since 2010, having previously worked as chief economist. He will give lectures at Yale University. The 66-year-old is a noted analyst of the rise of China. He has been highly critical of the

  • FX round-up: Euro rallies against the dollar

    Thursday 16 Feb 2012

    The euro rallied against the dollar after rumours circulated of a new plan to prevent Greece defaulting on its debts,

  • FTSE 250 movers: Talvivaara Mining plummets after placing

    Thursday 16 Feb 2012

    Debt-laden Finnish miner Talvivaara Mining plunged over 13% after announcing the price at which it has placed a huge chunk of shares: 280p per share. Shares in the miner took a bashing after the company revealed plans to increase its shares in issue by around one-tenth through a share placing. The 280p a share placing price is nearly 50p below the mid-market closing price of Talvivaara on the day

  • London open: Stocks weighed down by Greece, Moody's

    Thursday 16 Feb 2012

    - Greek bailout hit by more delays. - Moody's reviews ratings on 114 European financial institutions. - BAE Systems tumbles after results.

  • UK and Ireland still a drag on Kingfisher

    Thursday 16 Feb 2012

    DIY retailer Kingfisher saw sales growth in all three of its geographic regions in the 13 weeks to January 28th, though, as expected, like-for-like (LFL) sales in the UK and Ireland were lower than the year before.

  • Europe open: What does Merkel have to say?

    Thursday 16 Feb 2012

    -Moody´s reviews ratings on 114 European financial institutions.

  • SocGen hit by further Greek provisions

    Wednesday 15 Feb 2012

    French banking giant Société Générale has reduced its exposure to Greek debt after making further write-downs in the fourth quarter.

  • Small caps round-up: Paragon Diamonds, Phytopharm. Ingenious Media,

    Wednesday 15 Feb 2012

    Paragon Diamonds, Phytopharm, Ingenious Media Active Capital, Symphony Environmental Technologies...

  • London close: Stocks finish down with Greece in focus

    Wednesday 15 Feb 2012

    - Oil rises on supply concerns. - PBOC to keep buying Eurozone debt. - Samaras to honour terms of new package.

  • FX round-up: Possible Greek bailout delay hammers euro

    Wednesday 15 Feb 2012

    The euro pulled off a two month high against the dollar on Wednesday after reports that euro zone officials are thinking about delaying a second bailout package for Greece while avoiding a damaging debt default.

  • FTSE 250 movers: Sports Direct winning the day's race

    Wednesday 15 Feb 2012

    High street sportswear retailer Sports Direct sprinted into the top spot after it saw sales growth accelerate in the third quarter, saying that it will be reviewing its dividend policy as a result.

  • Broker snap: Peel Hunt downgrades ITV to hold

    Wednesday 15 Feb 2012

    With shares in broadcaster ITV having gained steadily since mid-December, Peel Hunt thinks they are now up with events and downgrades the stock from buy to hold ahead of the company's full-year results at the end of the month.

  • FTSE 100 movers: Ex-dividend stocks provide a drag

    Wednesday 15 Feb 2012

    Drugs giant AstraZeneca plunged into bottom spot, followed by sector peer GlaxoSmithKline and big oil players BP and Shell, after all four went ex-dividend today.

  • Norcon plummets on profits warning

    Wednesday 15 Feb 2012

    Norcon, a communications consultancy, has seen its share price plummet following a profit warning.

  • Stratex's resource soars in Turkey

    Wednesday 15 Feb 2012

    Stratex International, an exploration and development company, has reported a 230% increase in its resource total at its Öksüt high-sulphidation gold project in Turkey.

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