Leading equities stormed higher after US second quarter gross domestic product (GDP) was revised upwards to show a 1.7% quarterly increase. Although this represented a slow-down from the 3.7% gain in the first quarter economists had not been expecting any improvement on the previous estimated gain, and investors were happy to buy on the back of the slight improvement.
[30 Sep '10]Investors are holding fire ahead of this afternoon's release of US gross domestic product data. The downgrading of the credit rating of Spanish sovereign debt came as little surprise and has had minimal effect on sentiment, as has news that the bail out of Anglo Irish Bank could cost Ireland as much as €34bn (£29bn).
[30 Sep '10]Yesterday's drab showing by Wall Street has engendered a cautious mood on this side of the pond, sending London's leading share index into the red.
[30 Sep '10]Yesterday's drab showing by Wall Street has engendered a cautious mood on this side of the pond, and dealers expect the FTSE 100 to open around 25 points down from its close last night.
[30 Sep '10]Private equity house 3i spent much more money on investments and sold far less during the five months to the end of August, it revealed ahead of meetings with analysts and investors.
[30 Sep '10]Investors have reacted favourably to Unilever's $3.7bn (£2.3bn) purchase of Alberto Culver, the owner of such brands as TRESemmé, Nexxus, VO5, St Ives and Simple.
[27 Sep '10]Equities are set to extend Friday's near-1% rally following huge gains on Wall Street and triple-digit advances in the Far East.
[27 Sep '10]Private equity group 3i is to buy debt management business Mizuho Investment Management (UK).
[27 Sep '10]