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Draghi calls for stimulus and says joint effort needed to avoid 'recession'

Mario Draghi, the European Central Bank's (ECB) president has warned leaders from the European Union that a "joint effort" is required to avoid a "relapse into recession."
[55 Minutes Ago]

S&P downgrades Tesco by a notch

Tesco's credit rating suffered the third downgrade in twenty-four hours after Standard & Poor's (S&P) lowered its rating on the retailer giant to 'BBB-' from 'BBB'.
[58 Minutes Ago]

Shore Capital may cut its Tesco forecasts after downbeat H1 results

Shore Capital may downgrade Tesco's financials further after the struggling supermarket failed to give any profit guidance in its first half results this week.
[1 Hour Ago]

Shorecap reviews C&C 'buy' after Spirit rebuffs approach

Shore Capital is putting its 'buy' advice on C&C under review after the Irish drinks group said it was in talks about a possible counter-bid for Spirit Pub Company.
[1 Hour Ago]

US new home sales edged higher to 467,000 in September

US new home sales edged higher by 0.2% month-on-month in September to reach an annualised rate of 467,000, according to the Department of Commerce.
[2 Hours Ago]

Week ahead: US FOMC meeting in focus

The coming week will see the flow of US macroeconomic data pick-up after a weekend in which investors will be closely watching the results of the ECB's Asset Quality Review and of the Brazilian presidential elections, both on Sunday.
[2 Hours Ago]

Sector movers: Fixed-line telecoms fall as broker downgrades hit BT, Talktalk

Fixed-line telecom stocks were the worst performers in London on Friday as broker downgrades weighed on heavyweight constituents BT Group and Talktalk.
[2 Hours Ago]

Stellar Resources, Solo Oil and others strike oil near UK's Gatwick Airport

A string of oil companies have struck oil near Gatwick Airport in southern England.
[3 Hours Ago]

Ford reports 2.5% fall in third quarter revenues

US automobile manufacturer Ford reported a 34% drop in third quarter net income to reach $835m or 21 cents per share.
[3 Hours Ago]

Indian monsoon blows Greenko in right direction

The Indian monsoon helped to keep the wind turbines turning at renewable energy group Greenko in the first half, although it was late in coming.
[3 Hours Ago]

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