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Industry News

22-02-2012
Wilmar: greasing investors palms
The world´s largest producer of palm oil reported a 21% profit rise but missed concensus forecasts and disappointed investors ...
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22-02-2012
Shell offers £1bn for Cove Energy
Anglo-Dutch oil group is poised to expand into Mozambique with the proposal to buy the Aim-listed company, one of Anadarko´s junior partners ...
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22-02-2012
Valuing the London Metal Exchange
LME could be worth £1.4bn even before a bidding war, based on analysis of trading fees, clearing benefits and cost cutting, says Jack Farchy ...
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22-02-2012
Commodity rally fails to lure back flows
Last year recorded the weakest net inflows since 2002 as fund managers were put off by the strong correlation between raw materials and other markets ...
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22-02-2012
Record sterling oil price sparks fears
The rally in the price of crude oil denominated in European-currencies is likely to have a negative impact on the continent´s economic growth ...
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22-02-2012
West dismayed at failure of IAEA talks in Iran
The failure of talks between Iran and the IAEA over Tehran´s nuclear programme has triggered dismay among western powers ...
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22-02-2012
Asia´s oil users to cut Iranian imports
Countries hope to fend off the impact of US sanctions that make it harder for companies to do business with Tehran ...
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22-02-2012
Okada raises the stakes in Wynn battle
The Japanese billionaire is seeking a restraining order against the company´s board to prevent it from redeeming his 20 per cent stake ...
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22-02-2012
Recession fears push European stocks lower
The FTSE Eurofirst slips after PMI data revealing an unexpected contraction in eurozone business activity in February add to worries about Greece ...
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22-02-2012
Nuclear operator returns to Japan bond market
Tohoku is preparing to re-open the country´s bond markets for nuclear power companies, a year after operators were frozen out by the Fukushima disaster ...
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22-02-2012
Yen hits 7-month low against the dollar
Japanese currency weakens beyond 80 against the greenback and is down over 3% since the central bank´s unexpected monetary easing last week ...
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22-02-2012
Sales of CLOs at strongest pace since crisis
The US buying of collateralised loan obligations is poised to surge this month as issuers take advantage of falling rates ...
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22-02-2012
US farm subsidies attacked amid boom
With commodity prices soaring and land values at record highs, agriculture is enjoying a windfall but the good times have not escaped notice in Washington ...
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22-02-2012
Tesco slides amid worries over turnround
Analyst warns defending profit in recent years has cost the Tesco brand its trust and relevance ...
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22-02-2012
Japan´s policy will spur high debt economies
Artificial reduction of the supply of risk-free assets ignites demand for risky assets. The implications are likely to be profound ...
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22-02-2012
Traders will want to beat ´risk-off´ moment
This year is returning to the 2010 pattern when traders piled into equities, but the degree of stocks´ outperformance suggests the rally may be overextended ...
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22-02-2012
Stocks struggle amid lacklustre economic data
Risk appetite has been blunted by economic activity data from the eurozone and China, and doubts over Athens´ ability to enact reforms ...
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22-02-2012
Okada raises the stakes in Wynn battle
The Japanese billionaire is seeking a restraining order against the company´s board to prevent it from redeeming his 20 per cent stake ...
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22-02-2012
Pound hits 10-week low against euro
Sterling sinks to its lowest mark against the euro in 10 weeks after strong support for QE is shown in the latest Bank minutes ...
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22-02-2012
Tech stocks fall on Dell disappointment
Poor fourth-quarter earnings from Dell forced some technology stocks lower on Wednesday ...
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22-02-2012
Stocks struggle amid lacklustre economic data
Risk appetite has been blunted by economic activity data from the eurozone and China, and doubts over Athens´ ability to enact reforms ...
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