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  • Weaker mining and energy prices drag the FTSE down

    October 31, 2011

    BRITAIN’S top share index fellback yesterday, led by weaker miners and energy issues, as commodity prices retreated under the influence of a firmer dollar and worries over demand from China, with banks also under pressure after recent gains. Miners and integrated oil stocks took over 30 points off the UK blue chip index, as they [...]

  • THE TIPSTER

    October 31, 2011

    SHARES in Man Group are languishing at lows not seen since March of 2009, down over 50 per cent year to date. Weekend reports suggested Man could be considering using some of its cash pile of around $1bn to fund a share buyback at current levels, so CFD traders were buying with tight stop losses [...]

  • Miners peg back markets

    October 31, 2011

    European shares fell early in the session with miners hurt by falling metals prices while the afterglow of last week’s Eurozone debt deal began to fade. Miners were dented by Japan wading into the currency markets to rein in the value of the soaring yen, which sent the dollar up. A stronger dollar makes dollar-priced [...]

  • Barclays profits up as bad debt costs fall

    October 31, 2011

    Barclays reported a five per cent rise in underlying quarterly profit as lower charges for bad debt at the bank offset a third consecutive sharp fall in investment banking revenues as the euro zone financial crisis deepened. Barclays said it did not intend to raise any equity capital. It said pre-tax profit in the three [...]

  • THE WEEK AHEAD

    October 30, 2011

    COMPANY NEWS ● Barclays announces today. It traces its origins back to 1690, when John Freame and Thomas Gould traded as goldsmith bankers in Lombard Street. Eagle eyes await results. ● Imperial Tobacco announces tomorrow. Its brands include Davidoff, West, Gauloises Blondes, Montecristo and Drum. It was created in 1901 through the amalgamation of thirteen [...]

  • THE TIPSTER

    October 30, 2011

    TRICK or treat? Marstons – brewer of Hobgoblin beer and pub owner – has like the rest of the market, enjoyed a frightfully good October, with shares rallying close on 20 per cent. Although the market is becoming increasingly dominated by a handful of giants, earnings are expected to be in line with expectations when [...]

  • Italy at heart of fresh Eurozone crisis fears

    October 28, 2011

    Euphoria from this week’s Eurozone debt deal has evaporated after Italy’s latest bond auction as a lack of appetite for its ten-year bonds forced it to pay record yields to get the sale off the ground. In a sign of market scepticism that the Eurozone is safe from further debt problems, Italy had to sell [...]

  • FTSE extends rally after Eurozone deal

    October 28, 2011

    THE FTSE 100 resumed its rally in early trading but gains were modest compared with yesterday when the Eurozone’s debt plan breathed new life into flagging global markets. World stocks headed for their best week in over two years bolstered by EU leaders’ efforts to contain the Eurozone debt crisis by increasing the bailout fund [...]

  • LONDONERS’ CHARM IS A SERVICE FOR WEALTHY

    October 27, 2011

    WHERE THE wealth lies and, more importantly, how to persuade customers to part with it was the theme of the Wealth Summit run by monthly magazine Luxury Briefing in association with City A.M. Master of ceremonies was James Reatchlous, who bought Luxury Briefing from Princess Alexandra’s son James Ogilvy in 2009 before expanding into spin-offs [...]

  • Euro exuberance pushes the FTSE near three-month high

    October 27, 2011

    BRITAIN’S top share index jumped to a near three-month high yesterday as bullish investors uncorked their champagne bottles and toasted Europe’s plan to tackle its debt crisis. The upbeat news from Europe boosted appetite for riskier assets such as banking and commodity stocks, which helped the UK’s benchmark index surge 160.58 points or 2.9 per [...]

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