City sources predict the FTSE 100 will open up 14 points from yesterday's close of 5,498, tracking gains in the US and Asia. On Wednesday the index closed almost flat, following a far worse than expected GDP figure for the June quarter, news which counter-balanced any positive effect from comments by ECB council member Ewald Nowotny, who said in an interview with Bloomberg that there were arguments in favour of issuing a banking licence to the European Stability Mechanism (ES [26 Jul '12]
Energy provider Centrica cranked up a healthy increase in underlying profits in the first half of 2012, though the company admitted that its performance had been flattered by unusually low levels of consumption in the UK in the first half of last year. [26 Jul '12]
The euro is "irreversible" and the beleaguered currency union is not in danger of collapsing, according to European Central Bank President Mario Draghi, who also argued that Eurozone nations will eventually be bound even closer together. The central bank chief suggested that analysts who have been tracking the mounting sovereign debt crisis in Europe have been too pessimistic in forecasting worst-case scenarios for the currency and had not recognised the political will behind [22 Jul '12]
Energy provider Centrica has agreed to acquire the New York-based energy retailers Energetix and NYSEG Solutions, which operate as a single retail organisation, in order to strengthen its position in north-east America. [12 Jul '12]
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.