News

Europe

 Resource stocks mirror global economy 

Friday, May 18, 2012
Decline of groups involved in supplying essential raw materials for business show how investors really feel about the global economy’s direction

 ICAP secures Plus exchange licence 

Friday, May 18, 2012
The world’s largest interdealer broker will pay a nominal £1 and take on liabilities and running costs for lossmaking quotations and listings arm

 Haven rush drives bond yields to lows 

Friday, May 18, 2012
Possibility of Greek euro exit has rattled markets and caused investors to buy ‘safer’ assets, pushing UK and German borrowing costs to lows

 Spanish banks defy Moody’s downgrade 

Friday, May 18, 2012
Bankia rises 23% to lead sector-wide rebound, helped by reports that Madrid has hired Goldman Sachs to carry out a valuation of the lender

 Bankia hit by report of withdrawals 

Thursday, May 17, 2012
Part-nationalised lender’s shares placed ‘under auction’ by regulator after it loses more than a quarter of its market value in Madrid

 JC Penney tumbles after poor sales 

Wednesday, May 16, 2012
Disappointing quarterly sales send shares in JC Penney down sharply while developments in the eurozone washed away early gains for US equities

 National Bank of Greece takes knock 

Wednesday, May 16, 2012
Møller-Maersk drops despite beating forecast earnings, as markets fall on eurozone concerns and investors turn their attention to Spain

 Maersk suffers heavy loss at container arm 

Wednesday, May 16, 2012
Settlement of tax dispute in Algeria and investment gains mask first-quarter decline as Danish group highlights problems facing sector

 Businesses brace for Greek exit 

Wednesday, May 16, 2012
Some Asian and US groups say they will feel little impact from Greece leaving the euro while their European counterparts prepare for the worst

 Asia dives as risk aversion takes hold 

Wednesday, May 16, 2012
FTSE Asia Pacific falls as eurozone fears weigh on markets, hitting financials and exporters and capping gains for Japanese lenders

 Intesa Sanpaolo reports 22% profit rise 

Tuesday, May 15, 2012
Italian lender’s trading gains in first quarter offset an increase in bad debt provisions – and it now expects full-year operating results in line with last year’s

 Greek turmoil knocks European stocks 

Tuesday, May 15, 2012
Stronger than expected German GDP data fail to lift Dax, but Suedzucker makes big gains after full-year operating profit rises sharply