Sharecast News
ShareCast News
London close: Footsie breaks 5,900 as US jobs data excites
The much-anticipated January employment report from the US Labor Department didn't disappoint, with a better-than-expected increase in non-farm payrolls sending the FTSE 100 vertical in afternoon trading to break through the 5,900 level.[Yesterday 16:58]
Sector movers: BT lifts telecoms higher
Telecoms giant BT Group was lifting the fixed line telecommunications sector on Friday afternoon following its well-received third quarter results announced this morning.[Yesterday 16:19]
Papademos threatens to resign if not backed by parties
Greek daily Ekathimerini reports that Greek Prime Minister Lucas Papademos has threatened to resign if the country's political parties do not support the new fiscal austerity measures requested by the "troika" (European Union, European Central Bank, and International Monetary Fund).[Yesterday 15:57]
IAG quantifies impact of pilots' strike at Iberia
International Consolidated Airline Group (IAG), the company formed through the merger of British Airways and Iberia, saw strong growth in premium traffic in January.[Yesterday 15:10]
Change at the top at ENRC
Kazakhstan-focused miner, Eurasian Natural Resources (ENRC), has named Mehmet Dalman as its new Chairman after the abrupt and immediate departure of the previous occupant of the big chair, Dr Johannes Sittard.[Yesterday 15:02]
Rothschild faces wrath of major Bumi shareholder
Nathaniel Rothschild and James Campbell, the founders of Bumi, the Indonesian coal miner, could be out on their derrieres if major shareholder Borneo Bumi Energi & Metal has its way.[Yesterday 14:59]
Double dealing for Gulfsands
A round-up of the biggest director deals today so far.[Yesterday 14:36]
Markets cheer US jobs report
European equities and US stock futures went from trading flat to showing average 0.8% gains after a much better than expected Employment Report for January was released in the United States.[Yesterday 14:24]
Spain limits banker salaries for bailed out banks
Spain's Finance Minister Luis de Guindos has informed at the Council of Ministries that there will be limits for top management pay at entities that receive public funds. This element of the financial reform was not mentioned in yesterday's announcement.[Yesterday 14:15]
Week Ahead: BP, Xstrata and quantitative easing
With Royal Dutch Shell's results out of the way, attention turns to its perennial rival, BP, which issues a fourth quarter update on Tuesday.[Yesterday 14:08]
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