citywire news
Saturday Papers: Strong data help revive US markets -- other news
* Dow improves 21 pointsand Nasdaq 30 points
Saturday Papers: Diageo in talks to acquire 30% stake in Cobra -- bid news and gossip
* Diageo is in talks to acquire a 30% stake in Cobra of India for £25-£30 million
Saturday Papers: tips and comment
Comment on utility bills, Rentokil, Whitbread, Holidaybreak, Dignity and H&T.
Friday Closing Market: UK stocks buoyed by positive data Stateside
London shares clawed back earlier losses after positive data from the US brought unexpected relief, allowing the FTSE to end the day just outside ofpositive territory.
Friday Lunchtime Market: US financial battering hits FTSE
The FTSE had still not recovered from contagious US sentiment by lunchtime, as the worst fall for eight years for American financial stocks continued to weigh down on the outlook in the UK.
Friday Morning Market update: Oils and miners help to prop up nervous markets
Oils and miners help to prop up share prices, but overall the trend is lower as investors grapple with Wall Street's 2.43% plunge overnight.
The Daily Interview: Asian economies at 'inflexion point' says A-rated Chan
Asia and in particular China are nearing a major 'inflexion point' in their development as resources are diverted to fiscal policy, RLAM's A-rated Asia manager has said.
Morning Eyecatchers: Broker Roundup: Panmure positive on Pru but cuts target
* Panmure Gordon has a buy rating for Prudential but downgrades its target price to 707p from 810p
Rentokil profit warning sends stock plummeting
Rentokil, the support services conglomerate, has cut its profit forecast for 2008 by £35million after admitting it still has 'seriousoperationalissuesin theUK' and cost and growth challenges in Europe that it expects to continue for the rest of the year.
JP Morgan-led consortium in the frame for HBOS break-up
JP Morgan and National Australia Bank are in discussions to form a consortium to break up HBOS, Britain's biggest mortgage lender, according to reports this morning.
Morning Eyecatchers: Rentokil issues another profits warning
* Rentokil Initial first-quarter restructure problems continue in second quarter; textiles and washrooms trading deteriorated in second quarter; sees full-year adjusted pre-tax profit £35 million beloe first-quarter forecast; unlikely profitability at UK washrooms improves in 2008; pest control division in line; some sales slowdown; will be reductions in headcount over time; will take three years to fix number of businesses
Friday Papers: Falling home sales and weak financials hit Wall Street -- other news
* Dow tumbles 283 points and Nasdaq falls 29 points
Friday Papers: JP Morgan plots HBOS break-up consortium -- bid news and gossip
* JP Morgan has held talks with several interested parties about forming a consortium to break up HBOS -- Telegraph
Friday Papers: tips and comment
Comment on Yell Group, BG, Capita, BSS, Imps and Probability and tips for Vyke Communications, Jetion and Platinum Australia.
Hargreaves Lansdown flags new climate hotspots
There is more to climate change investment than alternative energy, according to Hargreaves Lansdown analyst Alexander Davies.
Thursday Closing Market: US falls put FTSE back in bear's claws
A faltering start in the US which was hit by faster than expected declines in house sales and soaring unemployment numbers contributed as the UK slipped back into bear market territory.
'Lautro 12' has become 19, FSA tells tribunal
The Financial Services Authority has increased its estimate of the number of life officescaught up in the Lautro charges row from 12 to 19.
'Lautro 12' has become 19, FSA tells tribunal
The Financial Services Authority has increased its estimate of the number of life officescaught up in the Lautro charges row from 12 to 19.
Thursday Lunchtime Market: FTSE sliding as US opening looks weaker
UK stocks remained depressed after midday with profit taking, negative outlooksand sliding commodity prices impacting blue chips.
Skandia launches three US funds
Skandia Investment Group (SIG)is launching three US equityfunds into the UK on the back of growing investor demand for investment solutions in the US.
Judith Mercer to leave LV=
LV=UK Growth manager Judith Merceris leaving thegroupto moveto Scotland with her family.
Peter Webb says 'I'll be back'
Former Unicorn chief executive Peter Webb is planning a rapid return to the market with the launch of a micro-cap fund.
Thursday Morning Market Update: Mixed trend after recent rally
Statistics showingthat June retail sales were down a monthly 3.9%, its biggest recorded fall, due to slumps in food and non-food sales make little impression on an already dull stock market, sentiment hit by a clutch of profits warnings.
Morning Line: Hedge fund guru calls bottom of market. Well, sort of....
New York hedge fund guru John Paulson pocketed nearly $4 billion in 2007 by betting that millions of low-income Americans would lose their homes.
Sector watch: Asia Pacific managers feel the heat
The average manager in the Asia Pacific ex Japan sector has seen a loss of 6.16% over the twelve months to the end of June, a massive drop compared to the same time period last year when the average manager returned a stellar 37.68%.
Morning Eyecatchers: Broker Roundup: Citigroup on banks
* Citigroup downgrades Lloyds TSB to hold from buy, cutting target to 325p from 500p and cuts target prices for both Barclays and HBOS to 250p from 275p.
B&Q owner rises after slight sales increase in tough UK market
Kingfisher has reported that its DIY chain B&Q scraped a 0.2% rise in total sales in the last 10 weeks, with much greater sales of seasonal products than at the same time last year.
Thursday Papers: Crude price falls as US stocks rise -- other news
* Dow improves 30 points and Nasdaq gains 24 points
Thursday Papers: Pru takes on part of Rank's pension scheme -- bid news and gossip
* Prudential poised for an estimated £350 million deal to take part of Rank Group's pension scheme
Thursday Papers: tips and comment
Comment on Vodafone, BT, International Personal Finance,Vantis, Holidaybreak and Fuller Smith and tips for Sportech, Spectris and Greggs.
Association of British Insurers calls for tax certainty in pre-Budget report
Stringent regulations and heavytax costs in this country threaten the UK insurance industry and could have a knock on effect on the economy, according to a report by the Association of British Insurers (ABI).
The Daily Interview: AAA-rated Adams sees no bubble in commodities
Commodities are not in a bubble says Citywire AAA-rated Stephen Adams, head of UK Equities at Aegon.
The Daily Interview: AAA-rated Adams sees no bubble in commodities
Commodities are not in a bubble says Citywire AAA-rated Stephen Adams, head of UK Equities at Aegon.
