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Stock Market News & Comment

Welcome to our daily round up of all the important market news and what the brokers are saying.

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30/07/2010 07:50:40

Stock market news headlines this morning

This Morning in London the FTSE-100 is expected to open the final trading session of July around 20-points down, as the earnings season continues with quarterly numbers from British Airways. In the corporate diary today, interim results are due from Anglo American, British Airways, Charter International, Dignity, HT-Hrvatske Telekomunikacije, Invista Real Estate Investment Management Holdings, Jardine Lloyd Thompson Group, Jardine Matheson (Singapore), Jardine Strategic (Singapore), Manganese Bronze, Rentokil Initial and United Business Media. Whilst Vedanta Resources is set to publish a production update.

Small Companies News Flash

On Thursday, our analysts' recommendations included BUYs for Acal, Lees Foods and Real Good Food Company; a SPECULATIVE BUY for Chamberlin; along with HOLDs for Getech, Finsbury Food Group, James Cropper, Seeing Machines and St Ives. A full round-up of today’s recommendations can be found on our website via the link below.

Broker tips, views, and recommendations

Barclays Capital has an equal-weight view on Yell Group at 25.71p

Collins Stewart reiterates a buy recommendation for Booker Group at 43.9p
The broker advises buying Paragon Group of Companies at 136.4p
Collins Stewart advises buying Invensys at 276.5p

Daniel Stewart advises holding Spirent Communications at 128.7p

Evolution Securities advises selling AstraZeneca at 3,360p

HSBC reiterates a neutral stance on Pennon Group at 577p
The broker is underweight on Severn Trent at 1,281p

KBC Peel Hunt says buy Rank Group at 119.2p

Panmure Gordon downgrades Morgan Crucible to a hold, with a 240p price target
The broker has a hold recommendation for Bodycote at 227.8p
Panmure Gordon reiterates a hold for National Express at 239.1p

Seymour Pierce has a hold for Travis Perkins at 867.4p

Shore Capital says hold National Express at 239.1p

UBS has a buy for Rotork at 1,487p, with a 1,900p price target

Stocks & Shares ISA - Annual subscription limit increased to £10,200

Financial news stories in the papers

THE FINANCIAL TIMES

The Lex Column
*Heavy industry - the latest crop of quarterly earnings shows sector in rude health
*Metro Bank - a new contender in UK banking opens its doors – with one branch
*Panasonic: Going green - Japanese electronics company is in search of a niche it can dominate
*Colgate-Palmolive - not everyone can come out smiling in emerging markets

The Lombard Column
*Full house: PartyGaming deals itself two bosses
*Sky is no limit

Further news
*Three years on, the markets are masters again - how political resolve has given way to fear
*Take central banks down a notch - it can hardly be said that they have achieved distinction in recent years
*Flattery and false steps as Cameron looks east - Geoffrey Wheatcroft wonders whether the UK government has a considered foreign policy at all
*Forget Jesus and ask the hedge funds - bond-market trouble could be worse than a double dip

THE DAILY TELEGRAPH

*British Gas owner Centrica deserves applause, not blame - when it emerged BP would be forced into suspending its dividend after the recent Gulf of Mexico oil spill there was uproar

THE INDEPENDENT

Economic Life
*Retirement ages are out of date: we live longer, so we must work longer - one aim of this change is to nudge people into a new mind-set about the way they will think about their careers or, you might even say, their lives

The Outlook Column
*Bank customers want the best service, not the highest interest rates
*Bankers are not leaving the City
*Good riddance to age discrimination

The Investment Column
*Buy Rank Group at 117p
*Buy Rolls-Royce at 585.5p
*Buy Finsbury Food Group at 17.5p

THE DAILY MAIL

The Ben Laurance Column
*BSkyB: a delicate balance

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US market news

Last Night in New York the Dow Jones lost 31 points to stand at 10,467, the Nasdaq fell 13 points to 2,252 and the S&P-500 shed 5 points to end the session at 1,102. In Asia today, the Nikkei was last down 172 points at 9,523, while the Hang Seng ended the morning off 111 points at 20,982.

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29/07/2010 07:54:35

Stock market news headlines this morning

This Morning in London the FTSE-100 is expected to start the session with little movement in either direction, on another hectic day for blue-chip earnings reports, with banks a likely focus after a grilling from Mervyn King. Today's schedule includes interim results from AstraZeneca, BAE Systems, BT Group, Coca-Cola Hellenic Bottling Company, Collins Stewart, Dairy Farm International, Hongkong Land Holding, Hutchison China Meditech, National Express Group, Rank Group, Reed Elsevier, Rolls-Royce, Royal Dutch Shell, RPS Group, Travis Perkins, Trinity Mirror and Vernalis. Final results are scheduled from Angle, Antisoma and British Sky Broadcasting Group. Trading statements are expected from Inchcape, Halma, Northumbrian Water Group, Titon Holdings and United Drug, whilst Kazakhmys is expected to give an update on production.

Small Companies News Flash

On Wednesday, our analysts' recommendations included BUYs for First Derivatives, Individual Restaurant Company, Normand Broadbent, Solid State, Straight Group and Surgical Innovation; SPECULATIVE BUYs for Ceramic Fuel Cells, Comms and Minco; along with HOLDs for Air Partner, Cove Energy, Endace, Kea Petroleum, Norcros and Snacktime. A full round-up of today’s recommendations can be found on our website via the link below.

Broker tips, views, and recommendations

Brewin Dolphin has an add recommendation for Croda International at 1,251p

Citigroup has a buy for Croda International at 1,251p

Collins Stewart says buy British American Tobacco at 2,251.5p

Daniel Stewart has a hold recommendation for British Sky Broadcasting at 716p, whilst moving price targets to 636p

Goldman Sachs advises buying Greene King at 443.8p, with a 540p price target

Nomura is neutral on ARM Holdings at 334.2p, whilst adjusting targets to 330p

Panmure Gordon says buy Logica at 102.4p, with a 160p price target
The broker reiterates a buy recommendation for Next at 2,181p
Panmure Gordon advises buying Barratt Developments at 98.75p
The broker reiterates a buy for Aviva at 361.7p
Panmure Gordon says buy Brown (N.) Group at 234.2p
The broker has a buy for Bellway at 576.5p

Royal Bank of Scotland downgrades Barratt Developments to hold at 98.75p

Seymour Pierce has a buy for Compass Group at 544p, with a 615p price target

Financial news stories in the papers

THE SHARES MAGAZINE

The Cover Story
*Win – Win – 2 strategies.. both WILL make you money (Value Stocks – Catlin Group, Game Group, Harvey Nash, Staffline, Tribal; Momentum Stocks – Blinkx, China Medical System, Mulberry, Rockhopper, Weir Group)

The Agenda Pages
*Northern Foods – Speculative buy
*GlaxoSmithKline – Buy
*Marks & Spencer – Sell
*Blinkx – Speculative buy
*Burberry – Speculative buy
*Cluff Gold – Speculative buy
*Novae – Speculative buy
*Redhall – Speculative buy
*Lloyds Banking – Buy
*Standard Chartered – Buy
*BT – Sell
*Victrex – Buy

Plays of the Week
*Mariana Resources – Buy
*BTG – Buy

Plays Updates
*Digital Barriers – Buy
*Tate & Lyle – Buy
*Petropavlovsk – Buy
*Firestone Diamonds – Stopped out

Small Caps
*Eredene – Buy
*Hill & Smith – Buy
*Uniq – Sell
*Medusa Mining – Buy
*IS Pharma – Buy
*RCG – Speculative buy
*Zetar – Buy

Focus on PLUS
*Oriental City – Avoid

Feature
*Yield Curves – The slope of things to come

The Griller Interview
*Rooney Anand, chief executive of Greene King (Buy)

Trend Spotting
*Nikkei 225 - Buy
*EUR/USD – Sell
*Arena Leisure – Buy (target 46p, stop loss26p)
*Polo Resources – Buy (target 11p, stop loss 5p)

Feature
*Sports trading – A Sporting Bet

THE FINANCIAL TIMES

The Front Page
*Cameron rebukes Pakistan on terror

The Analysis Page
*Virtually insecure: Technology and society

The Lex Column
*They think it’s all over (European sovereign debt) - Greek debt rescheduling is the elephant in the room stress tests conveniently ignored
*Telefonica/PT - All parties will claim victory but investors should ignore the spin
*Renminbi - China takes small steps to diversify the ownership of its currency
*Social networking - Valuations have all the credibility of a parlour game
*ArcelorMittal - Outlook hinges on passing on cost increases

The Lombard Column
*Vedanta’s bad press risks undermining its City image
*Virgin’s telling delay

Further news
*International Power loses steam as FTSE shifts into reverse
*Relief rally for St James’s Place
*Polo Resources makes ground

THE TIMES

The Front Page
*Backlash grows over ‘hitlist for the Taleban’

Lead Story of the Business Pages
*Mervyn King lambasts ‘heartbreaking’ banks

Business Briefing
*Rexam: At last, a World Cup success story
*Virgin starts war of words with BT over broadband speeds

Business Big Shot
*Gareth Davis, chief executive designate at William Hill

The Business Editors Column
*Lenders may regret the day they upset Mervyn King
*Comeback by new gas man (BG Group)
*No tempting Brit return
*Britain’s mini property boom runs out of steam

The Tempus Column
*BG Group – Hold, tuck away on further weakness
*BAT’s – Hold
*Carphone Warehouse – Looking rather toppy
*Weighty concern (Pubs/Brakespears)

Tiddler to Watch
*PetroNeft

Further news
*Explorer’s setback in the Falklands hits victims big and small (Falkland Oil & Gas)

THE DAILY TELEGRAPH

The Front Page
*Babies died after junior surgeon left to cope on his own

Comment Column
*Centrica deserves some warm applause for its strategy and its dividend
*Secure conditions for recovery before credit
*Company audits just don’t add up

The Questor Column
*Brit Insurance – Hold
*Centrica – Buy

Further news
*Invensys comes off the rails as blue-chips slide

THE INDEPENDENT

The Investment Column
*Buy Sage at 243.5p
*Buy St James's Place Capital at 273.3p
*Hold Renishaw at 823.5p

The Outlook Column
*The mixed messages Cameron is sending to India
*When to hold Centrica to account
*Time for Nick Clegg to speak up

THE DAILY MAIL

The Ben Laurance Column
*Pensions - minding the gap

US market news

Last Night in New York, shares fell, after a report from the Federal Reserve pointed to signs that the economic recovery may be running out of steam, adding to the market's disappointment over a drop in durable-goods orders. The Dow Jones closed down 39.81-points at 10497.88 (ending a four-day winning streak), the Nasdaq lost 23.69-points to 2264.56, while the S&P fell 7.71-points to 1106.13.

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28/07/2010 07:39:21

Stock market news headlines this morning

This Morning in London the FTSE-100 is expected to open marginally higher, on a busy day for company earnings reports, with British Gas owner Centrica certain to be a focus. In a busier corporate diary than of late, interim results are also due from Bodycote, Brit Insurance Holdings, British American Tobacco, CSR, Jarvis Securities, RAB Capital, Rathbone Brothers, Rexam, Rolls-Royce Group, St James's Place, Tarsus Group, Telekomunikacja Polska, Virgin Media and Yell Group. Final results are scheduled from Renishaw. Whilst trading statements are expected from Carphone Warehouse Group, Compass Group, easyJet, Invensys, Playtech and Sage Group.

Small Companies News Flash

On Tuesday, our analysts' recommendations included BUYs for Cosalt, DQ Entertainment, IDOX, Morson, Patsystems and Volex; SPECULATIVE BUYs for Amino Technology, Berkeley Mineral Resources, Horizonte, Media Square, Probability and Turbotec Products; a HOLD for Telit Communications; along with a SELL recommendation for ITM Power. A full round-up of today’s recommendations can be found on our website via the link below.

Broker tips, views, and recommendations

Bank of America reiterates an underperform rating on Babcock International Group at 567.5p

Citigroup downgrades Dana Petroleum to hold at 1,698p

HSBC is underweight on Rentokil Initial at 108.3p

Panmure Gordon has a hold rating on PZ Cussons at 346.6p, with a 350p price target
The broker has a buy recommendation for Sage Group at 248.4p
Panmure Gordon advises buying RSA Insurance Group at 128.2p
The broker advises buying AstraZeneca at 3,208p
Panmure Gordon says hold Xstrata at 1,047.5p

Seymour Pierce has an outperform rating on Aquarius Platinum at 287p
The broker has a buy rating on Games Workshop Group at 437.5p
Seymour Pierce reiterates a buy stance on BG Group at 1,076p
The broker advises selling Lloyds Banking Group at 69.89p
Seymour Pierce has a buy rating on Halfords at 501.5p
The broker advises holding BP at 413.85p

UBS is neutral on Great Portland Estates at 305.7p, whilst raising targets to 320p

Financial news stories in the papers

THE FINANCIAL TIMES

The Front Page
*New BP chief in safety vow

The Analysis Page
*Vulnerable to vertigo: World economy

The Lex Column
*Basel-dazzle - Hard not to see relaxation and timetable as another win for the banking lobby
*BP - Bob Dudley may not be Tony Hayward's long-term successor. Investors are about to see a different oil company
*Indian interest rates - Reverting to the business of balancing growth and inflation
*Yahoo (Asian relations) - It is not just the search group's corporate structure that needs work
*UBS - Latest results are a testament to Grübel's turnround

The Lombard Column
*Executives take starring role in Tomkins' new show
*ARM (Holdings) outstretched - While ARM is strong it may not be as strong as its heady valuation suggests
*Sorry - the hardest word (Tony Hayward and the Gulf spill)

Further news
*Tomkins investors slam bid move
*margin lift helps alleviate sales at PZ Cussons
*Asia-focused banks carry the Footsie to 10-week high
*Dana and Cairn Energy downgraded by BNP Exane
*New orders blow to Clipper Windpower

THE TIMES

The Front Page
*Afghan leaks expose the identities of informants

Business Briefing
*Debt crisis II - The cost of the Big Four (HSBC, RBS, Lloyds and Barclays)
*House prices are set to plunge again
*Tax relief threat for owners of holiday homes

The Business Editor's Commentary Column
*Post-disaster, BP faces its next big challenge
*Unanswered questions (mortgage misreporting at Northern Rock)
*Tough test for private equity
*Booking into luxury hotels (The Barclay brothers sale of £335-million in InterContinental stake sale)

The Business Big Shot
*Peter Crook, CEO of Provident Financial

The Tempus Column
*Misys - Further progress looks limited until events on Nasdaq are further advanced
*Croda International - A decent long-term hold, but high enough for now
*Halfords - No compelling to chase the shares
*Cold Comfort - Tony Haywards sojourn to TNK-BP

A Tiddler to Watch
*Horizonte Minerals

Further news
*Investor fury as Tomkins accepts bid
*Apollo's early deliveries met flat bat, Brit Insurances guard is wavering

THE DAILY TELEGRAPH

The Front Page
*Energy revolution could put bills up by a third

The Comment Column
*Optimistic BP fails to weigh the chances of being rebuffed in the US - but accepts an end to Exxon challenge
*Tomkins should reap benefits itself

The Richard Fletcher Column
*Haywards departure leaves BP's chairman with much to prove

The Questor Column
*BP - Hold
*Croda - Buy

Further news
*Parvus nurses £70-million loss on Connaught holding
*Disappointing US data dents blue-chip rally

THE INDEPENDENT

The Front Page
*The mouse that cured: More than a million mice were genetically modified last year to help find treatments for human diseases. But is it an ethical price worth paying?

The Business on...
*David Cumming, Head of Equities at Standard Life

The Outlook Column
*India welcomes British delegation with a threat to the global recovery
*The end of the £5-billion PPI racket
*Apple not facing an apps crunch yet

Focus
*DMGT: Is the online news-stand finally set to make money?

The Investment Column
*ARM Holdings - Hold
*Provident Financial - Avoid
*Games Workshop - Buy

Further news
*Government axe weighs on Logica's shares

THE DAILY MAIL

The Ben Laurance Column
*Who profits from Tomkins?

The City Focus Column
*The future is set to be televised

US market news

Last Night in New York, shares struggled somewhat, with the Dow Jones extending its winning run for a fourth day but other indices falling, as investors weighed a lengthening list of companies reporting surprisingly strong results against a decline in consumer confidence. The Dow Jones closed up 12.26-points at 10537.69, the Nasdaq lost 8.18-points to 2288.25, while the S&P eased 1.17-points to 1113.84.

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27/07/2010 07:59:58

Stock market news headlines this morning

This Morning in London the FTSE-100 is expected to start the day around 15-points worse-off, as investors focus on quarterly results from BP, which reveal record losses. Elsewhere in the corporate announcement schedule today, interim results are due from Amino Technologies, ARM Holdings, BG Group, Croda International, Informa, Norsk Hydro, Pace and Provident Financial. Final results are scheduled from DQ Entertainment, Games Workshop Group, Misys and PZ Cussons. Whilst trading statements are expected from Daily Mail and General Trust, Halfords Group, Promethean World and Workspace Group.

Small Companies News Flash

On Monday, our analysts' recommendations included BUYs for Character Group, Creston, Eckoh, Patsytems and Pinnacle Telecom; SPECULATIVE BUYs for Goldstone Resources and Zoo Digital; a HOLD for Endace; along with a SELL recommendation for Burst Media Corporation. A full round-up of today’s recommendations can be found on our website via the link below.

Broker tips, views, and recommendations

Altium Capital downgrades Burst Media to hold with a 6p price target

Daniel Stewart advises holding RM Group at 145.75p
The broker says buy Daisy Group at 89.25p

Evolution Securities is neutral on Cairn Energy at 469.7p

Panmure Gordon reiterates its buy view on Hutchinson China Meditech at 317.5p, whilst raising price targets from 300p to 370p
The broker has a sell recommendation for ARM Holdings at 358.7p

Seymour Pierce reiterates an outperform stance on Braveheart Investment Group at 23.5p
The broker has a buy recommendation for Newmark Security at 1.93p

UBS reiterates a buy recommendation for Gulfsands Petroleum at 296p

Financial news stories in the papers

THE FINANCIAL TIMES

The Front Page
*Hayward lined up for role at TNK-BP

The Analysis Page
*Plays well with others: Britain

The Lex Column
*Home help (US new home sales) - June's figures indicate a rebound but they are sadly misleading
*BP - Tony Hayward has to go, but Bob Dudley may not be his long-term successor
*SME funding - The UK business secretary should focus on venture capital
*Chinese banks - Echoes of the country's last banking crisis a decade ago
*Vodafone - Patience is the best solution for the telecoms group when it comes to selling stakes

The Lombard Column
*Hayward can contribute to rebuilding his reputation
*Fraught at Connaught
*Regulation redoubled - The Governments plan to restructure financial regulation is built on a simple principle: If it cuts the probability of a repeat financial crisis, it's worth doing

Further news
*Upbeat Pearson says the focus is on education
*Compass Group seeks to profit from spell of discipline
*Earnings worries dent Logica while Footsie flies high
*Premier foods for thought as BNP Exane raises concerns about complex interest rate swaps peppering the groups balance sheet
*Second approach lifts Intec

THE TIMES

The Front Page
*US scrambles to fix damage from leaks (Warning to Pakistan over Taliban 'collusion')

The Dashboard Pages

The Business Briefing Column
*Cleaning up: Reckitt Benckiser sales are lifted by new markets

Business Big Shot
*Bart Becht, chief executive of Reckitt Benckiser

The Business Editors Commentary Column
*What future is offered by exile in Russia (Tony Hayward)
*Under pressure to conform (A new Financial Policy Committee at the Bank of England)
*More pain now, less pain later (bank lending)
*Hardly the quiet life (Connaught)

The Tempus Column
*Pearson - Up with events then
*Pace - Buy
*Dana Petroleum - It might be time to take a few profits
*Trading down - Perhaps in this time of small government, we should do without a Trade Minister

Tiddler to Watch
*Plant Health Care

Further news
*Luminar's lonely World Cup opens door to would-be nightclub owners

THE DAILY TELEGRAPH

The Front Page
*Return to 1950's policing

The Comment Column
*It will take more than the right passport to rebuild BP in the US
*Treasury measures add up for the Bank of England

Feature
*Rise and a fall of a boy with the black stuff (Tony Hayward)

The Questor Column
*Reckitt Benckiser - Buy
*Pearson - Buy

Further news
*Equitable Life payout report is 'unsound', says Parliamentary Ombudsmen
*banks boosted after passing stress test

THE INDEPENDENT

The Front Page
*The great quango cull (and why life in Britain wont be the same without them)

The Business on...
*Carl Icahn, activist investor

The Outlook Column
*Don't forget the real victims of BP's 'Deepwater' disaster
*The good intentions of financial reform
*Broadband providers pull a (not so) fast one

Focus
*Government to lose as bookies flee UK

The Investment Column
*Pearson - Buy
*National Grid - Buy
*Pace - Buy

Further news
*Age of austerity sparks concern about Babcock

THE DAILY MAIL

At a Glance
*RM Group

The City Focus Column
*BP: The tale of two executives

Further news
*GlaxoSmithKline falls on fear of bidding war

US market news

Last Night in New York, shares closed near session highs, ending their third-straight winning session with a flurry of momentum. The gains were enough to bring two benchmark indices into positive territory for the year. The Dow Jones gained 100.89-points at 10525.50, the Nasdaq added 26.96-points at 2296.43, while the S&P put on 12.35-points to 1115.01.

Site Address:
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26/07/2010 07:48:08

Stock market news headlines this morning

This Morning in London the FTSE-100 is expected to open around thirty-points higher, as EU bank stress test results are seen bolstering confidence in the UK banking sector. The Financial Services Authority has confirmed that Royal Bank of Scotland, Barclays, Lloyds Banking Group and HSBC all passed the European bank stress tests. In the corporate diary for the day, interim results are due from Dialight, Pace, Pearson, Reckitt Benckiser Group and WSP Group. Trading statements are expected from Hansen Transmissions International and National Grid.

Small Companies News Flash

On Friday, our analysts' recommendations included BUYs for Alterian and Ebiquity; along with HOLD recommendations for Digital Barriers, Metals Explorations and Scisys. A full round-up of today’s recommendations can be found on our website via the link below.

Broker tips, views, and recommendations

CSFB reiterates an outperform rating on Compass Group at 564.5p

Liberum Capital says hold JD Wetherspoon at 426.1p, with a 475p price target

Nomura says buy Imperial Tobacco Group at 1,850p

Panmure Gordon has a buy recommendation for Reckitt Benckiser at 3,317p
The broker reiterates a buy stance on Jardine Lloyd Thompson at 528.5p
Panmure Gordon reiterates a buy view on Rentokil Initial at 109.2p
The broker has a buy recommendation for Inchcape at 318.4p
Panmure Gordon has a buy rating on Computacenter at 311.9p
The broker advises buying Anglo American at 2,509p

Seymour Pierce says buy Pace at 186p

Shore Capital says hold Close Brothers Group at 686p

UBS is neutral on Royal Bank of Scotland at 44.98p, with an adjusted 51p target price
The broker has a sell recommendation for BT Group at 140.3p
UBS recommends selling Capita Group at 736p

Financial news stories in the papers

THE FINANCIAL TIMES

The Front Page
*BP to seal Hayward's fate

The Analysis Page
*Stressed but blessed: Finance

The Lex Column
*The reserve and protect - There would be no foreign exchange reserves in a perfect world
*Technology sector - New version of Microsoft's Windows is prompting action
*Pensions accounting - Problem of underfunding has ability to bore and confuse

The Tony Jackson "On Monday" Column
*Private equity funds - heads they win, tails you lose

Feature
*Tony Hayward loses out in struggle to remain at BP

Feature
*Housebuilders struggle to cope with US tax credit hangover - Fallout could force sector into writedowns

The FTfm Supplement

The Lead Story
*Indie asset managers gain ground

Face to Face with...
*Steve Jacobs, CEO of BTG Pactual

Fund Fiocus
*Impax Environmental Markets

Further news
*Alliance Boots to takeover Turkey's Hedef
*Vodafone claims Qtel victory

THE TIMES

The Front Page
*BP chief to walk away from crisis with £12-million

Lead Story of the Business Pages
*Pension payouts threatened if executives quit over tax

The Dashboard Pages

Business Big Shot
*Matthew Bucknall, CEO of Virgin Active

Business Briefing
*Indonesia: The new economic heavyweight

The Economic View
*The virtuous are guilty - Charles Dumas' book focussing on the responsibility of those countries that have made their way through the turmoil with a high level of savings and strong surpluses. China and Germany then are the prime villains, and to some extent, Japan.

The Monday Manifesto
*Forget dark, silent archives and an academic elite - this is a global internet phenomenon. Tim Sullivan president and CEO of Ancestry.com

Further news
*Investor tells Spice to reject "cheeky" bid from Cinven

THE DAILY TELEGRAPH

The Front Page
*Banks told: Lend more or lose bonuses

The Roger Bootle Comment Column
*Right, I'll see your double dip and raise you an economic black hole

The Ambrose Evans-Pritchard Column
*While economists contemplate death by money, deflation is a live issue

The Monday Interview
*Andrew Witty, GlaxoSmithKline chief

Commodities
*Is uranium's 3-year bear market over

Further news
*Norwegian sovereign fund eyes a stake in Regent Street

THE INDEPENDENT

The Front Page
*Gordon Brown: There is life after No 10

Lead Story of the Business Pages
*Offshore wind needs £10-billion to avoid missing green targets

The Stephen King Column
Austerity can be postponed by a fiscal stimulus - but it cant be avoided altogether

The Small Talk Column
*WorldSpreads bets on popularity with online gamblers
*Range Resources in Somalia-bound
*Horizonte Minerals returning to AIM

Further news
*British Gas fuels gains for energy giant Centrica

US market news

Last Friday in New York, shares climbed in the afternoon, lifting the S&P above the psychologically significant 1100 level, after European banks largely passed a round of government stress tests. Still, many investors voiced concerns about the criteria involved. Traders said the results of the stress tests appeared to be positive on the surface, with only seven out of 91 European banks deemed in need of additional capital. Investors have also been encouraged by U.S. corporate earnings, which have come in largely above expectations on both the top and bottom line. However, there have been pockets of weakness in the earnings results and investors voiced scepticism over whether the European bank stress tests were stringent enough. The Dow Jones added 102.32-points to 10424.62, the Nasdaq gained 23.58-points to 2269.47, while the S&P put on 8.99-points to 1102.66.

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23/07/2010 08:49:23

Stock market news headlines this morning

This Morning in London the FTSE-100 opened around 20-points lower, as positive trading in New York and Asian markets was ignored as caution over EU bank stress tests and the latest UK GDP reading, due for release at 9:30am, played on traders' minds. In a quiet corporate announcement schedule today, interim results are due from Beazley Group and final results from Ebiquity. Trading statements are expected from Britvic, Close Brothers Group, United Utilities Group and Vodafone Group.

Small Companies News Flash

On Thursday, our analysts' recommendations included BUYs for Cello Group, Goldplat, Holders Technology, Microgen, Nationwide Accident, Patsystems, StatPro and Vertu Motors; SPECULATIVE BUYs for Sopheon and Victoria Oil & Gas; a HOLD for Coolabi; along with a SELL recommendation for Uniq. A full round-up of today’s recommendations can be found on our website via the link below.

Broker tips, views, and recommendations

Arbuthnot reiterates a buy recommendation for Bodycote at 228.3p

Evolution Securities says buy Capita Group at 741.5p

Fox-Davies Capital reiterates a buy stance on Hochschild Mining at 305p

Investec Securities has a buy rating on Euromoney Institutional Investor at 590p, with a 705p price target

Panmure Gordon has a hold recommendation for Autonomy Corporation at 1,645p, with at 1,975p price target
The broker reiterates a buy recommendation for Daily Mail & General Trust at 473.1p
Panmure Gordon has a hold recommendation for Pearson at 947p
The broker has a hold rating on Gem Diamonds at 222.2p
Panmure Gordon has a hold rating on Tate & Lyle at 471.8p
The broker advises selling Lonmin at 1,489p

Seymour Pierce has a hold rating on Capita Group at 741.5p

Shore Capital has a sell stance on Mitchells & Butlers at 299.9p
The broker says hold Experian Group at 649.5p
Shore Capital advises holding Tate & Lyle

UBS advises buying Brit Insurance Holdings at 906.5p

Financial news stories in the papers

THE FINANCIAL TIMES

The Lex Column
*US Treasuries - risk of Japanese-style liquidity trap for the US appears very real
*Amazon - to regain confidence, e-retailer may have to change its behaviour
*GM goes subprime - Americredit deal will make car lending riskier, less transparent
*Credit Suisse - after reducing risk, CEO should be careful about increasing spending
*Syngenta - the short-term pressure on the group’s pricing will loosen
*VAT and UK retail - next year’s tax increase may not hurt retailers as much as expected

The Lombard Column
*Mission to Planet Whitehall: the challenge for Capita
*Ashley’s brand balance

Further news
*Stimulate no more – it is now time for all to tighten - Jean-Claude Trichet argues the case for rest
*Why Britain does not need a graduate tax - allocation of funds would be put under the control of the state
*To grow, Britain must solve its jobs deficit - Labour economic policy must have the support of business
*America needs regulators that fight to win - the SEC let Goldman Sachs effectively pay off the government

THE DAILY TELEGRAPH

The Questor Column
*Avoid Ocado at 167p
*Take up offer for SSL International at £11.77

Telegraph View
*Stop bashing the banks - the Business Secretary's visceral hostility to the City is at odds with his job's remit

Further news
*Hurrah for the Scouts' new entrepreneurs badge
*Watch out, the great £50bn property unload is about to begin
*Watchdog bares teeth to protect pensions from politicians

THE INDEPENDENT

The Investment Column
*Buy Kingfisher at 225.3p
*Buy Petropavlovsk at 1106p
*Buy RPC at 259p

Economic Life
*It is no good squealing about dodgy borrowers who cannot get bank credit

The Outlook Column
*Europe's stress tests may simply undermine confidence in the banks
*Equitable solution pleases no one
*Google slips back in China

THE DAILY MAIL

The Alex Brummer Column
*Labour's Equitable calamity

The City Focus Column
*BP shrinks in the face of a US onslaught

US market news

Last Night in New York the Dow Jones rose 202 points to finish at 10,322, the Nasdaq added 59 points to stand at 2,246, whilst the S&P-500 gained 24 points to end the session at 1,094. In Asia today, the Nikkei was last up 209 points at 9,430, while the Hang Seng ended the morning ahead 224 points at 20,814.

Site Address:
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22/07/2010 07:52:04

Stock market news headlines this morning

This Morning in London the FTSE-100 is expected to open around 40-points adrift, after a poor session in New York overnight following downbeat comments from Ben Bernancke. In the diary today, interim results are due from Autonomy, Capita Group, Colt Telecom, Elan, Holders Technology, International Personal Finance, Eli Lilly, Microgen and Uniq. Final results are scheduled from Siteserv and Sports Direct International. Whilst trading statements are expected from De La Rue, Great Portland Estates, Imperial Tobacco Group, Kingfisher, Mitchells & Butlers, Petropavlovsk and SABMiller.

Small Companies News Flash

On Wednesday, our analysts' recommendations included BUYs for Entertainment One, Fairpoint and GB Group; a SPECULATIVE BUY for AFC Energy; HOLDs for Blacks Leisure, Optos and Seeing Machines; along with SELL recommendations for Contentfilm and MDM Engineering. A full round-up of today’s recommendations can be found on our website via the link below.

Broker tips, views, and recommendations

Altium Capital has upgraded Promethean World to a hold at 163.7p
The broker has a hold rating on Britvic at 502.5p

Ambrian reiterates a hold stance on BHP Biliton at 1,929p

Collins Stewart advises buying Euromoney Institutional Investor at 580p

Goldman Sachs is neutral on Weir Group at 1,198p

Jeffries has a buy recommendation for Amlin at 424.2p

Numis advises buying BlueBay Asset Management at 285.6p, whilst adjusting targets to 360p

Panmure Gordon reiterates a buy stance on St James's Place at 236.6p
The broker upgrades Reckitt Benckiser to buy at 3,273p
Panmure Gordon downgrades De La Rue to a hold at 749p
The broker says buy SSL International at 1,178p

Shore Capital has a hold recommendation for Standard Life at 192.8p
The broker reiterates a buy view on RM Group at 143.5p

Singer Capital Markets reiterates a buy recommendation on Euromoney Institutional Investor

UBS reiterates a buy stance on IMI at 750p, whith an 800p price target

Financial news stories in the papers

THE SHARES MAGAZINE

The Cover Story
*The Nifty 50 - The UK's fastest growing companies (Some stocks mentioned include: - Buys for Abcam, ASOS, Burberry, Chemring, Craneware, Domino's Pizza, Hikma Pharmaceuticals, Homeserve,NCC, Velosi)

The Agenda Pages
*Sports Direct - Sell
*Sage - Sell
*Telecity - Buy
*Thorntons - Sell
*PayPoint - Buy
*Aquarius - Buy
*GKN - Buy
*Overseas cheer sets tone for UK chipmakers: Buy CSR, Wolfson - Sell ARM Holdings
*Shire - Buy

Plays of the Week
*Buy - Titan Europe, Essar Energy

Plays Updates
*Nature - Buy
*Eros International - Buy
*RBS S&P 500 Call Covered Warrant - Buy
*Salamander Energy - Buy

Plays - Key Trades to Make
*Xaar - Buy
*IG Group - Hold

Small Caps
*Domino Pizza Poland - Buy on day one
*Ricardo - Buy
*1st Dental - Buy
*ITM Power - Buy
*International Greetings - Buy
*Animalcare - Buy

Focus on PLUS
*NCI Vehicle Rescue - Buy

Feature: Data Security
*Staying ahead of the hackers (Buy NCC)

The Griller Interview
*Brent Horochuk, chief operating officer of Highland Gold (Buy Highland Gold)

Sector Report: Leisure Goods
*At consumer's mercy - Conclusion: Sell Leisure Goods (Buy Games Workshop and Sell Photo-Me, Harvard International)

The Chartist
*Sell - FTSE All-Share Index, Amsterdam AEX, Anglo American
*Buy - BAE

Commodities
*Asset quality to drive Minerva recovery (Buy)
*Appraising Bowleven ( Buy)

Feature
*Online Communities

THE FINANCIAL TIMES

The Front Page
*Obama signs bill to overhaul Wall Street

The Analysis Page
*Balance and power: Britain

The Lex Column
*Japan's loan strangers - Despite efforts to stimulate lending, appetite for credit is still not there
*QE, part 2 - It is remarkable that the MPC even considered such a move
*Ebay - Google is more deserving of accolades than the online auctioneer
*Commodity bulls - Analysts fail to appreciate how volatile Chinese demand could become
*Reckitt Benckiser/SSL - Buying SSL is sensible but the timing could have been better

The Lombard Column
*Vodafone challenge puts another chairman under fire
*Badges of honour (Scouts/Ocado)
*Accent on the High Street (Santander listing)

The Power Player
*Bill Royan, of Ontario Teachers' Pension Plan

Further news
*GlaxoSmithKline falls into the red and unveils fresh legal charges
*Next to the fore as Footsie regains positive territory
*Telecity slides as bid gossip cools
*Share sales weigh on Blinkx

THE TIMES

The Front Page
*Summer camp for every teenager

The Business Briefing Column
*Pensions: Top job up for grabs - just don't expect top pay
*Employers told they must mend their deficits, not cut contributions
*Stress test fears weigh on Bank's interest rate setters

The Business Editor's Commentary Column
*Risks to recovery still beat fear of inflation
*Things could be looking up (M&A/Reckitt/SSL)
*Leaving aside the spill
*Morgan Stanley still a player

Business Big Shot
*Neil Carson, chief executive of Johnson Matthey

The Tempus Column
*GKN - Should have farther to run
*De La Rue - Only for the brave
*Wincanton - If only for the income it may be worth getting aboard
*Olympian effort The Olympic Delivery Authority's budget has been slashed by £27-million

Tiddler to Watch
*The Weather Lottery

Further news
*Smith & nephew begins to creak as investors take fright over sales

THE DAILY TELEGRAPH

The Front Page
*Time called on 24-hour bingers

The Comment Column
*Cutting off Vodafone's Sir John Bond now would be an unnecessary distraction
*Becht has bagged Reckitt a bargain
*Ocado's hubris takes a beating

The Jeremy Warner Column
*Watch out - the great £50-billion property unload is about to begin

The Questor Column
*SSL - Take up offer

Further news
*QE is back on the agenda as Bank of England fears slow growth
*FTSE breaks losing streak with gains of 1.4%

THE INDEPENDENT

The Front Page
*Economy set for 'triple whammy' admits Bank of England chief - The Great British economy faces higher inflation, lower growth and rising unemployment, according to one of the Bank of England's most senior policy makers

The Business
*Bart Becht, CEO of Reckitt Benckiser

The Outlook Column
*The Monetary Policy Committee and its incredible balancing act
*china plots a move into credit ratings
*Another twist to come at SSL?

Feature
*Land bets on Leeds for a consumer revival

Interview
*Spencer Dale, Bank of England's chief economist

The Investment Column
*GlaxoSmithKline - Buy
*Hochschild Mining - Buy
*Euromoney - Buy

Further news
*Miners prove to be a copper-bottomed play

US market news

Last Night in New York, shares dropped sharply after Federal Reserve Chairman Ben Bernanke called the economic outlook "unusually uncertain" but avoided naming any new steps to jump-start growth. There were also mixed earnings results from Yahoo, Coca-Cola among others which dented sentiment. The Dow Jones fell 109.74-points to 10120, the Nasdaq lost 35.16-points to 2187.33, while the S&P declined 13.89-points to 1069.59.

Site Address:
HBMarkets PLC, 131 Finsbury Pavement, London, EC2A 1NT
t: 020 7382 8300
e: info@hbmarkets.com
w: www.hbmarkets.com

21/07/2010 07:41:14

Stock market news headlines this morning

This Morning in London the FTSE-100 is anticipated to open nearly 60-points better-off, following a strong finish in New York overnight brought about by rising commodity prices. The minutes of the last Bank of England Monetary Policy Committee meeting will be released at 9:30am today. In the corporate diary, interim results are due from Galiform and GlaxoSmithKline, whilst final results are due from CSF Group, Eredene Capital, West Pioneer Properties and Zetar. Elsewhere, trading statements are expected from Cable & Wireless Communications, Hochschild Mining, Land Securities Group, Mitchells & Butlers and Optos.

Small Companies News Flash

On Tuesday, our analysts' recommendations included a BUY for RSM Tenon; SPECULATIVE BUYs for Acta, Deltex Medical Group, Independent Resources Group and Synchronica; HOLDs for Superglass Holdings and Xaar; along with SELL recommendations for Abbeycrest and Mid-States. A full round-up of today’s recommendations can be found on our website via the link below.

Broker tips, views, and recommendations

Altium Capital reiterates a buy stance on ITE Group at 142.1p, with a 187p price target
The broker advises holding Speedy Hire at 23p, whilst increasing targets to 33p
Altium Capital has a buy recommendation for PV Crystalox Solar at 57.25p

Brewein Dolphin reiterates a buy recommendation for Superglass Holdings at 20p, with a 33p price target
The broker initiates coverage of Murgitroyd Group with a buy rating and a 330p price target
Brewin Dolphin has an outperform rating on Electrocomponents at 219.7p

Citigroup has a sell recommendation for ARM Holdings at 300.3p, with a 225p price target

Daniel Stewart reiterates a buy recommendation for International Ferro Metals at 27.75p

Nomura reiterates a neutral stance on Burberry Group at 812.5p

Panmure Gordon downgrades Autonomy Group to a hold at 1,811p

UBS is neutral on Burberry Group at 812.5p

Financial news stories in the papers

THE FINANCIAL TIMES

The Front Page
*Goldman profits plummet by 83%

The Analysis Page
*The sentinel swivels: Turkey

The Lex Column
*Celtic tiger, burning out (Ireland) - Warning signs are still flashing over the country's prospects
*Goldman Sachs - As outstanding issues fade from view, so too does trading activity at the institution
*Nokia - Before choosing a new chief executive, the Finnish phone maker must decide what it wants to be
*Simplifying tax - Eliminating the mind-bending array of rules is harder than it sounds
*Public spending cuts - Investors re-examine the purported winners from Government cuts

The Lombard Column
*Ocado's discount offer leaves the products unchanged
*IG's cash wager
*Cutting edge management (Cable & Wireless Worldwide)

The Power Player
*Alain Carrier, European managing director of Canada Pension Plan

Interview
*Nathan Kirsh, KiFin chairman

Further news
*Volcano sparks Ryanair fares alert
*William Hill counts cost of day at races
*Miners buck trend as Footsie suffers 5th day of losses
*Connaught touches 5-year low
*Debt levels weigh on Findel
*Polo Resources fell 5.2% after spurned suitor, Laxey Partners sells its holding in the company

THE TIMES

The Front Page
*In "violent agreement" (David Cameron/Barack Obama)

Business briefing
*Defence: Industrys chiefs told to bite the bullet
*Telecoms: Deeper, faster Government cuts prompt profit warning
*The Budget: Osborne bolsters OBR independence

The Business Editor's Commentary Column
*Early birds can smile at "told you so" price cut (Ocado)
*Steady as we go, came the cry (CBI says growth will be slow)
*Auditors must up their game
*banks face a test of timing - The authorities will issue the test results at 5pm on Friday, after London and Europe have closed, but could lead to some volatile trading in the US

The Tempus Column
*Severn Trent - The sector remains a strong defensive play and the shares are themselves yielding about 5.2% on this years lower payment
*William Hill - The immediate upside looks limited
*Enterprise Inn - They dont look to be going anywhere for now
*Best policy - Cable & Worldwide shares plunged 17.4% on Tuesday after company admits public spending cuts will adversely affect its business

A Tiddler to Watch
*WorldSpreads

Further news
*Investors flee from companies threatened by Government cuts

THE DAILY TELEGRAPH

The Front Page
*Kiss of life for "death tax" bid

The Comment Column
*Ocado investor power shows that we've had enough of greedy floats
*Spending cuts need not spell disaster
*Striving for a simpler, and small, taxman

The Richard Fletcher Column
*Side issue of boardroom pay detracts from real scrutiny of companies
*Supermarket price wars are all for shoe

The Questor Column
*Petra Diamonds - Buy
*Gem Diamonds - Hold

Further news
*BAE has £500-million Hawk deal in sights
*TUI travels upwards on TUI AG bid talk

THE INDEPENDENT

The Front Page
*MI5 chief reveals what she really thought about Blair's Iraq war

The Business on...
*Ralph Topping, chief executive of William Hill

The Outlook Column
*Who will pay the bill for closing Britain's £200-billion energy gap?
*Ocado's delivery was all wrong

Focus
*Goldman Sachs: The bank standing at the crossroads

The Investment Column
*Severn Trent - Hold
*IG Group - Keep buying
*Enterprise Inns - Speculative buy

Further news
*Vedanta faces protests at AGM over ethical record
*Miners power ahead but market lacks direction

THE DAILY MAIL

The City Focus Page
*Banks still have the blinkers on

At a Glance
*Findel falls

Further news
*Admiral's ready to expand fleet

US market news

Last Night in New York, shares finished on higher ground as oil rose above $77 a barrel and investors focused on some of the positive elements in an initially disappointing batch of earnings. The Dow Jones rose 73.53-points to 10229.96 (the index earlier fell triple digits to a session low of 10007.76), the Nasdaq added 24.26-points to 2222.49, while the S&P put on 12.23 points to 1083.48.

Site Address:
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20/07/2010 07:51:22

Stock market news headlines this morning

This Morning in London the FTSE-100 is expected to open around 20-points higher today, with merger and acquisition talk raising the temperature and offsetting continued concerns over BP. In the diary, interim results are due from Landkom International and Ryanair, whilst final results are scheduled from Findel and IG Group.

Small Companies News Flash

On Monday, our analysts' recommendations included a BUY for Atlantic Global at 12.5p; a SPECULATIVE BUY for Kewill at 112.75p; a HOLD for MBL Group at 151p; along with a SELL recommendation for Cryptologic at 155p. A full round-up of today’s recommendations can be found on our website via the link below.

Broker tips, views, and recommendations

Brewin Dolphin has a buy for Fenner at 226.7p

Collins Stewart has a hold recommendation for SThree at 274.4p
The broker advises buying Tomkins at 302.3p
Collin Stewart says buy Fenner at 226.7p

Evolution Securities is neutral on Associated British Foods at 1,031p

KBC Peel Hunt reiterates a sell recommendation for Autonomy Corporation at 1,880p

Panmure Gordon advises selling Aquarius Platinum at 222.8p, whilst lowering targets
The broker recommends buying Land Securities Group at 579p
Panmure Gordon reiterates a buy stance on SThree at 274.4p
The broker has a buy rating on Prudential at 516.5p

Seymour Pierce has an outperform rating on Aquarius Platinum at 222.8p
The broker has an outperform rating on SThree

Shore Capital has a buy rating on Reckitt Benckiser at 3,269p
The broker recommends buying Prudential at 516.5p

Financial news stories in the papers

THE FINANCIAL TIMES

The Front Page
*AIA seeks to sever AIG ties in listing

The Analysis Page
*No ordinary Joe: US politics

The Lex Column
*Just another merger Monday - Assessing a companys value remains unusually difficult
*Tomkins buy-out - Canadas Onex makes £2.9-billion offer for the UK engineering group
*Tucker's luck - AIG chief is behaving as though his position were unassailable
*Bernanke - Fed chairman has to admit that whatever is going on, it is not a "V-shaped" recovery
*Hungary (IMF/EU/Hungary) - There is more than meets the eye to the collapse in talks this weekend

The Lombard Column
*International Power cannot be gained on the cheap
*Uniq dilemma - The milk was spilt at Uniq long ago, but the crying is likely to continue for some time
*Fettered finances - Jim O'Neil, the BoA/Merrill stalwart just hired as head of market investments at UKFI is overseeing the sale of stakes in banks, whose structure may yet change if the Commission for Banking so deems it. Odd for someone who as a banker was conditioned to think of "commission" as a good thing

Power Player
*Anthony Ward of Armajaro

Further news
*Hedge fund bears lead the pack in volatile markets
*Cash-return hopes lift HSBC while BP drags Footsie down
*Standard Chartered leads a charge
*Reubens lift their Arena stake

THE TIMES

The Front Page
*Cameron faces US wrath over Libya deal

Lead Story of the Business Pages
*Power investor threatens to pull plug on green revolution (Neil Woodward of Invesco)

Business Briefing
*Aviation: Europe cries foul over battle for the skies

Business Big Shot
*Jim O'Neil, head of market investments at UK Financial Investments

The Business Commentary Column
*Pru beset by different kind of Asian problem
*Tomkins adds to British woes
*Right move in power play (GDF/International Power/Neil Woodward of Invesco)

The Tempus Column
*Debenhams - There seems no compelling reason to chase them
*International Power - The deal is not done and shareholders with no appetite for risk might consider taking some profits
*Psion - Hold for now
*Tomkins - Whatever their motives, the Canadian bidders might be doing Tomkins investors a favour

A Tidler to Watch
*Beacon Hill Resources

Further news
*Investors rush to potential takeover targets as banks reveal their hit-list

THE DAILY TELEGRAPH

The Front Page
*Just one-in-ten police out on patrol

The Comment Column
*With Tucker heading AIA, the Pru faces a battle on the Eastern front
*Tory banker-bashing is long-term problem
*Tomkins should play the waiting game

The Jeremy Warner Column
*Cameron's economic tutorial for Obama

The Questor Column
*Group NBT - Buy
*Dana Petroleum - Hold

Further news
*Goldman denies links with global food crises
*"Cash mountain" puts HSBC in demand

THE INDEPENDENT

The Front Page
*The Big Society: A genuine vision for Britain's future - or just empty rhetoric

The Business:
*Richard Desmond, proprietor of Northern & Shell

The Outlook Column
*Look across the Irish Sea for a glimpse of where our economy may be headed
*Pension protection at quite a price
*Savers are under attack yet again

Feature
*AIG: The greatest recovery of all time?

The Investment Column
*Unilever - Buy
*UK Coal - Sell
*Aquarius Platinum - Sell

Further news
*Primark's owner (AB Foods) suffers from its premium rating

THE DAILY MAILAt a Glance
*Psion

The City Focus
*British firms feel a wind of change

Further news
*Promising end of term report
*Cove Energy rises on hopes of drilling report

US market news

Last Night in New York shares closed with moderate gains, as positive earnings results from companies including Halliburton took the upper hand, overriding economic data showing pessimism among home builders. The Dow Jones closed up 56.53-points to 10154.43, the Nasdaq added 19.18-points to 2198.23, while the S&P put on 6.37-points to 1071.25.

Site Address:
HBMarkets PLC, 131 Finsbury Pavement, London, EC2A 1NT
t: 020 7382 8300
e: info@hbmarkets.com
w: www.hbmarkets.com

19/07/2010 07:49:32

Stock market news headlines this morning

This Morning in London the FTSE-100 is predicted to open around twenty-five points lower, following a sell-off on Wall Street on Friday, with BP under renewed pressure on reports of further well seepage at the seabed. The latest UK inflation readings are due for publication at 9:30am today. In the diary today, interim results are due from Access Intelligence, NeutraHealth and SThree. Final results are scheduled from IG Group Holdings, MBL Group, Scientific Digital Imaging and Syndicate Asset Management. Whilst Ensor Holdings and Jetion Solar Holdings host their AGMs.

Small Companies News Flash

On Friday, our analysts' recommendations included a BUY for Judges Scientific at 235p; a SPECULATIVE BUY for WIN at 145p; a HOLD for Clapham House at 57p; along with a SELL recommendation for Printing.com at 36.5p. A full round-up of today’s recommendations can be found on our website via the link below.

Broker tips, views, and recommendations

Deutsche advises holding BT Group at 142p, with a 175p price target

Numis has a reduce rating on InterContinental Hotels Group at 1,134p

Panmure Gordon advises holding SDL International at 526.5p, whilst downgrading targets to 513p and says hold for Enterprise Inns at 94.35p
The broker reiterates a hold stance on Dimension Data Holdings at 122.6p and Greene King at 445.5p
Panmure Gordon has a buy recommendations for Sage Group at 241.2p and Punch Taverns at 68p
The broker advises buying SThree at 293.4p, Misys at 254.8p and Dignity at 677p

Seymour Pierce advises selling Mitchells & Butlers at 308.2p
The broker says sell Royal Bank of Scotland at 45.3p
Seymour Pierce says sell Lloyds Banking Group at 61.04p

Liberum Capital has a buy recommendation for Thomas Cook Group at 195.3, with a323p target price

Financial news stories in the papers

THE FINANCIAL TIMES

The Front Page
*Mark Tucker to take the helm at AIG Asia unit (US insurer turns to ex-Prudential chief)

The Analysis Page
*Short measures: Wall Street

The Lex Column
*The Baltic Dry is all wet - Unofficial economic barometer is giving a false reading
*Cruising - Europe is the emerging market of the cruise ship world
*Shiny Apple - Analysts still think Apple shares are worth buying

The Tony Jackson On Monday Column
*Housing reverse is reviving the spectre of inequality

The FTfm Supplement
The Lead Story
*European private bank profits dive

Face to face with...
*Yves Perrier, boss of Amundi Asset Management

Fund Focus
*Jupiter European Special Situations

Further news
*African Minerals censured for misleading information
*Investors oppose annual board vote
*Sales of BAE gun shoot past £1-billion

THE TIMES

The Front Page
*Oil giant (ExxonMobil) gave £1-million to fund climate sceptics

The Lead Story of the Business Pages
*Mark Tucker swoops in to revitalise AIA and win market listing

Business Big Shot
*Leo McKee, chief executive of BrightHouse

Business Briefing
*Private equity: The growing hunger for making deals

The Economic View Column
*Silver bullet plans look tarnished (Lord Turner/The FSA/City/UK banking system)

The Monday Manifesto
*Nicolas Moreau, chief of Axa UK – “People would rather buy a plasma TV for the World Cup than save for their pensions”

Further news
*Investors join revolution in ownership of City law firms
*City expects economy to regain spring in its step
*Bioliquid could fill void left by power station closures

THE DAILY TELEGRAPH

The Front Page
*Cameron launches his Big Society

The Roger Bootle Comment Column
*Making light of some dark reasons as to why inflation remains high

Feature
*Anthony Ward’s company Armajaro Holdings – Cocoa raider has eyes on Africa’s plenty

The Monday Interview
*Neil Goulden, chairman of Gala Coral

The Ambrose Evans-Pritchard Column
*Stress-testing Europe’s banks won’t stave off a deflationary vortex

Commodities
*A platinum investment could outshine gold

Further news
*International Power and GDF restart talks

THE INDEPENDENT

The Front Page
*End of the jab: The flu patch that could save millions of lives

Lead Story of the Business Pages
*Ocado IPO to go ahead despite analysts’ doubts on its prospects

The Stephen King Column
*Western economies are still in danger of sinking under an ocean of self-created debt

The Small Talk Column
*Software Radio Technology has ridden the wave of recession and is now set for fair growth
*Roll up for the AIM awards nominations
*Anglo Asian set for major gold reserve update

Further news
*BT sets its sights on smart meter gains
*Pub operators make hay while the sun shines

THE DAILY MAIL

The Monday View of Ben Lawrence
*Ocado will float despite shares being bad value

Further news
*Mitchells & Butlers may face a revolt over pay

US market news

Last Friday in New York, shares tumbled as a decline in consumer sentiment added to the market's disappointment over weaker-than-expected second-quarter revenues at Bank of America, Citigroup and General Electric. The Dow Jones fell 261.41-points to 10097.90 (its biggest drop this month), the Nasdaq lost 70.03-points to 2179.05, while the S&P declined 31.60-points to 1064.88.

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16/07/2010 08:43:13

Stock market news headlines this morning

This Morning in London the FTSE-100 opened 21-points higher, as investors digested news of US financial regulation and better-than-expected profits at JP Morgan. BP is making headlines again on the back of news that it has, at least temporarily, stemmed the flow of oil from is damaged well in the Gulf of Mexico. A slow corporate schedule today sees final results from The Clapham House Group, whilst trading statements are expected from BlueBay Asset Management, Record and Spectris.

Small Companies News Flash

On Thursday, our analysts' recommendations included a BUY for Nature Group at 42.5p; a SPECULATIVE BUY for 32Red at 14.5p; a HOLD for Hamworthy at 307p; along with a SELL recommendation for Cryptologic at 165p. A full round-up of today’s recommendations can be found on our website via the link below.

Broker tips, views, and recommendations

Ambrian advises buying GlaxoSmithKline at 1,206p
The broker has a buy rating on Rio Tinto at 3,104p

Arbuthnot has a strong buy recommendation for Afren at 88p

Charles Stanley advises buying Experian Group at 649p

Collins Stewart has a buy recommendation for GlaxoSmithKline at 1,206p

Evolution Securities reiterates an buy rating on Experian Group at 649p
The broker says buy Provident Financial at 868.5p

KBC Peel Hunt advises buying Ashmore Group at 270.3p, whilst raising targets from 305p to 320p

Morgan Stanley is underweight on Lloyds Banking Group at 63.17p

Royal Bank of Scotland initiates coverage of TalkTalk Telecom Group awith a buy recommendation at 119.2p, with a 160p price target

Seymour Pierce reiterates a buy stance on Supergroup at 894p

Shore Capital has a sell rating for Intercontinental Hotels Group at 1,141p
The broker has a buy recommendation for Electroncomponents at 229.7p

Westhouse Securities has a buy for Premier Oil at 1,464p
The broker has a buy for Tullow Oil at 1,153p

Financial news stories in the papers

THE INVESTORS CHRONICLE

The Cover Story
*Buy 1 Get 1 Free (Shares that could split and unlock hidden value): - The best break-ups: Cable & Wireless, Carphone Warehouse, Liberty International, Petrofac
*Set to Split? BT, WH Smith, Associated British Foods, Vedanta

Mr Bearbull
*Illusory barriers - Suddenly top businessmen are eager to form retail banks. But their thinking may be a little fuzzy

The Simon Thompson Column
*Bond market warnings - Beware the prospect of a deflationary economic contraction in the US

The No Free Lunch Column
*Not all it might be - HSBCs annual report is a burden to both shareholders and to the postmen who've had to deliver it

Feature
*fattening up Asia

Feature
*China boosts platinum

The Lowdown Column
*Swell your returns by Drip feeding - Reinvesting your dividends over time can massively increase your investment returns

Tips of the Week
*SIG - Sell
*Brit Insurance - Buy
*Bellzone Mining - Buy
*4Imprint - Buy

Tips Funds
*Utilico Emerging Markets - Buy

Tips Fixed Income
*Tesco/GE

Tips Updates
*Bodycote - Sell
*Falkland Oil & gas - Buy
*GlaxoSmithKline - Buy
*Kirkland Lake Gold - Good Value
*Monitise - Buy
*Sylvania Resources - Buy

Sector Focus
*Consultants' overseas promise

Some Company Results
*Buy - Domino's Pizza, Immunodiagnostics, KSK Power, Low & Bonar, BGlobal, International Greeting
*Good Value - Prosperity Minerals, Begbies Traynor, DTZ

THE FINANCIAL TIMES

The Front Page
*BP stops oil from stricken Gulf well

The Analysis Page
*A giant wounded: Inside BP

The Lex Column
*JP Morgan Chastened - Fuzzy shadow of government and regulation is affecting strategy
*BP - It is better to sell off a few assets rather than sell part of itself to the suitors who have come knocking
*Rio Tinto/Ivanhoe - Miners are locked in a Mongolian stand-off over copper and gold
*Novartis - Uncertainty surrounding acquisition of Alcon continues
*Goldman Sachs - It looks like the Securities and Exchange Commission blinked

The Lombard Column
*One Guy's self-interest and the future of Gartmore (Guilllaume Rambourg)
*Free trade minister - David Camerons new trade minister will probably have to work for free
*Harvey's under threat (Harvey Golub, AIA/AIG)

The Power Player
*Alan Thomson, Hays chairman designate

Further news
*JP Morgan signals that Wall Street's recovery has run out of steam after results
*ABI board axes Kerrie Kely in surprise move
*3 bidders line up for RBS merchant unit
*Bid for Dimension Data rekindles acquisition talk in tech sector
*Caution keeps Jupiter from rising
*Chromex shines with bid

THE TIMES

The Front Page
*The mission was to build a school, but we ended up under fire in Helmand

The Lead Story of the Business Pages
*RBS to recoup $100-million after Goldman settles fraud case

Business Briefing
*Maternity: Mothercare fights for the middle class
*A remedy as recession eats into our wealth: Repent, repay and start saving again

The Business Editor's Commentary Column
*Defence cuts will go deeper than the Forces
*A type of responsibility - Why not give the Treasury Select Committee the right to veto over appointments to the MPC
*Ocado fails to deliver
*Cashing in on new freedoms - Just because the proposed changes to the annuity rules will only benefit the rich, it doesnt mean that they are a bad thing

Business Big Shot
*David Mullen, chief executive designate of Wellstream

The Tempus Column
*Experian - Taking a longer view, the shares should have further to run
*Electrocomponents - A solid long-term hold
*SuperGroup - Bears say that this type of high-fashion brand could disappear as fast as last years hemlines
*SDL - The purchase of a Californian 'pioneer in statistical machine translation', with the evocative name of Language Weaver

A Tiddler to Watch
*IQE

Bet of the Day
*SThree

Further news
*Fears over China's recovery grow on sluggish start of AgBank shares
*Barclays left in the shade after news of shining Wall Street bank profit (JP Morgan Chase)

THE DAILY TELEGRAPH

The Front Page
*Record 225,000 university rejects

The Comment Column
*To secure long-term recovery, let's invest in engineers, not psychologists
*Tripartite regulation was Gordon Brown's folly
*Ocado is a high-risk float, so don't tell Sid

The Tracy Corrigan Column
*The trader's dream of running a hedge fund can turn into a nightmare

The Questor Column
*Electrocomponents - Buy
*ICAP - Buy

Further news
*MP's given power of veto over OBR chair
*Humble pie for Ryanair's O'Leary
*Telecity shares jump amid takeover rumours

THE INDEPENDENT

The Front Page
*Is Apple losing its touch? - Crunch time for technology giant as public love affair with brand turns sour

The Business on...
*Jamie Dimon, chief executive of JP Morgan Chase

The Outlook Column
*What happens when investment stars lose their shine - The once invincible Lance Armstrong, now in the second year of a comeback from retirement, watched in obvious anguish as his rivals, plus a string of lesser talents, pedalled away from him with ease at the Tour de France. Let us hope that the great Anthony Bolton is not heading for a similar experience with his own comeback
*Britain's failure to put women on the board
*A pension reform for the very well-off

Hamish McRae's Economic Life Column
*We face profound change - and it's not only China that is mapping the path

The Investment Column
*Experian - Hold
*Smiths News - Hold
*Cookson - Buy

Further news
*The bears check in to InterContinental

THE DAILY MAIL

The City Focus Column
*Digging deep at Anglo American

At a Glance
*IQE

Further news
*Glaxo paying £1.6-billion to end its legal woes
*Blinx and you won't miss out
*Petro Matad gush 55% after striking it rich in Mongolia

US market news

Last Night in New York, shares closed slightly lower, snapping a seven-day winning streak, despite a late-session boost from news about a halt in the BP oil leak in the Gulf of Mexico and expectations of a settlement between Goldman Sachs and regulators. The decline came as disappointing economic data and the passage of a major financial-overhaul bill impacted sentiment. The Dow Jones fell 7.41-points to 10359.31, the Nasdaq eased 0.76-points to 2249.08, while the S&P managed a small gain of 1.31-points to 1096.48.

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15/07/2010 07:41:00

Stock market news headlines this morning

This Morning in London the FTSE-100 index is expected to start the session little changed to marginally lower, following a subdued session in New York in the wake of a reduction in GDP estimates by the US Federal Reserve. In an uneventful day in respect of corporate activity, final results are planned from Supergroup, whilst trading statements are scheduled from Electrocomponents, Experian Group, Mothercare and Premier Oil.

Small Companies News Flash

On Wednesday, our analysts' recommendations included a BUY for Brainjuicer at 154p; a SPECULATIVE BUY for InterQuest at 58.5p; a HOLD for Craneware at 400p; along with a SELL recommendation for MDM Engineering at 112.5p. A full round-up of today’s recommendations can be found on our website via the link below.

Broker tips, views, and recommendations

Ambrian says hold GlaxoSmithKline at 1,178p
The broker says hold AstraZeneca at 3,259.5p

Arbuthnot has a strong buy rating on Spectris at 858.5p
The broker says sell BP at 399.2p

Collins Stewart has a buy for Dunelm Group at 379.7p

Evolution Securities has a buy rating on Rio Tinto at 3,119.5p
The broker advises buying Ashmore Group at 274.2p
Evolution Securities has a buy for Gem Diamonds at 221.4p

Morgan Stanley reiterates an overweight opinion on Barlcyas at 309.4p

Piper Jaffray has an overweight stance on ARM Holdings at 319.5p

Seymour Pierce has an underperform rating on Mitie Group at 215.7p, whilst lowering targets to 200p
The broker reiterates a sell view on Imagination Technologies at 325p
Seymour Pierce has a buy rating on CSR at 400.5p

Shore Capital says buy London Stock Exchange at 625.5p

UBS has a buy recommendation for Yell Group at 26.62p

Financial news stories in the papers

THE SHARES MAGAZINE

The Cover Story
*World Wide Winners (Revealed: 6 global trades to make you a profit): - DB X-Trackers FTSE Vietnam ETF (Vietnam), Beximco (Bangladesh), Jakata SE Composite (Indonesia), iShares MSCI Korea (South Korea), iShares MSCI Japan SHS NPV (Japan), First Property Fund (Poland)

The Agenda Pages
*Vallar – Buy
*Ideal Shopping – Buy
*Carpetright – Sell
*Clarkson – Buy
*Braemar Shipping – Buy
*Ocado – Avoid
*Aviva – Buy
*Legal & General – Buy
*Domino’s Pizza – Buy
*Spectris – Buy
*Chart of the Week: Nautilus Minerals – Buy
*Stat of the Week: Molins – Buy

Plays of the Week
*Galliford Try – Buy
*Tate & Lyle – Buy

Plays Updates
*Entertainment One – Buy
*iShares MSCI South Korea – Buy
*Firestone Diamonds – Buy
*ITV - Sell

Small Caps
*Carrs Milling – Buy
*Management Consulting Group – Buy
*Clinton Cards – Sell
*Tyra Tech – Buy
*Byotrol – Buy
*Hightex – Buy (Speculative buy at 7.75p)

Focus on PLUS
*Ascot Mining – Speculative buy

Sector Report
*Computer Services: On the slow train – Conclusion Sell computer services (SQS, Maxima, Tikit are called ‘buys’)

The Griller Interview
*Jonathan Flint, chief executive of Oxford Instruments (Buy)

Feature
*Depository receipts: New horizons (Buy Itau Unibanco Holding and Sell Gazprom)

Commodities
*Polo Resources fights off hostile approach (Buy)

Feature
*Spread betting – If at first you don’t succeed …

The Honest Broker Column
*Collins Stewart says buy Invensys
*Citigroup says buy Wellstream
*Altium says buy Michael Page

THE FINANCIAL TIMES

The Front Page
*US moves to block new BP oil leases

The Analysis Page
*Bonds to build: South Asia

The Lex Column
*Dis-membering the €uro - The possibility of a departure has been awakened – policymakers should be ready
*UK pensions - For all the eye-popping underfunded schemes, things are not that bad
*Cash is king - Investors are sitting on as much cash as in the wake of Lehman’s demise
*Singapore - Rampant GDP growth is an almost exclusively Asian phenomenon
*Google results - Investors shouldn’t expect answers to the big questions from quarterly results

The Lombard Column
*modern era tests the Takeover Panel’s Victorian-style penalty (cold-shoulder)
*Rio Tinto’s unhappy endings (Ivanhoe Mines etc)

The Power Player
*Simon Henderson, of TPG UK

The Small Talk Column
*US relief effort elevates Qonnectis to level of survivor
*Resaca Exploration’s positive thought
*Plantic Technologies still shows life

Further news
*BSkyB gets strong reception as Footsie runs out of steam
*Truck sales data bolster Johnson Matthey
*NTPC mine search lifts coal

THE TIMES

The Front Page
*Europe warns Obama: This relationship is not working

Lead Story of the Business Pages
*Ocado on the ropes as fund managers shun pricey floats

Banking
*Lenders to fight Treasury over business loans targets

Business Briefing
*Attracting foreign investment: We want more, but not at any price, says Vince Cable

The Business Editor’s Commentary Column
*Putting the onus on owners is still a challenge (the growing importance of overseas investors and hedge funds)
*Brian Myerson gets a Panel beating
*Floating in choppy waters (Ocado)
*Finally cleared for landing (British Airways’ gets regulatory approval for tie-ups – Iberia and American Airlines)

Business Big Shot
*Paul Lester, chairman of Marine Current Turbines

Further news
*Barratt Developments places its new-found confidence in the class of 2010

The Tempus Column
*Mitie Group – A long-term hold
*London Stock Exchange – Worth looking at ... more good news could put a spring in its step
*JD Wetherspoon - Buy on weakness
*Russian property – They are cheap

A Tiddler to Watch
*Legion

Further news
*Investors resist the lure of sliding prices in Capital Shopping Centres

THE DAILY TELEGRAPH

The Front Page
*Two-week cancer pledge at risk

The Comment Column
*Would recovery be quicker if we started to pick winners?
*News Corp follows in Kraft’s footsteps

The Questor Column
*London Stock Exchange – Hold
*Mitie - Hold

Further news
*BP looks East again as Gulf spill takes its toll
*lord Ashcroft swoops on Parliament publisher (Dods Group)

THE INDEPENDENT

The Front Page
*America’s Bloody Sunday – The charges against four police officers who opened fire on desperate survivors of Hurricane Katrina have been a long time coming

The Business on...
*Bill Gross, director of Pimco

The Outlook Column
*The iPhone row that threatens to take a bite out of Apple
*The job queues are here to stay
*Long-term incentives that are no such thing - Amid the fuss about the remuneration of Marks & Spencer's Marc Bolland and others, it is worth pointing out that around half the rewards potentially payable to the retailer's new boss are compensation for what he is missing out on by leaving his previous employer

Interview
*Tom Enders, Airbus chief executive

Feature
*Hugh Hefner: Hef tweets confident on Playboy bid

The Investment Column
*London Stock Exchange – Buy
*JD Wetherspoon – Buy
*Mitie Group – Hold

Further news
*ITV slides amid warning on ad-funded model

THE DAILY MAIL

The City Interview
*Mike Lynch, founder of Autonomy

At a Glance
*Topps Tiles

Further news
*Investors sound warning to Marks & Spencer
*Experts ease fears over Glaxo drug
*Investors rock ICAP over big bonuses
*Investors switch off ITV’s Crozier

US market news

Last Night in New York, shares should have got a boost from a strong earnings report from Intel, but it was a hesitant session. However the Dow Jones did extend its winning streak to 7-consective days. The Dow Jones gained 3.7-points to 10366.72, the Nasdaq added 7.81-points to 2249.84, while the S&P slipped 0.17-points to 1095.17.

Site Address:
HBMarkets PLC, 131 Finsbury Pavement, London, EC2A 1NT
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e: info@hbmarkets.com
w: www.hbmarkets.com

14/07/2010 07:30:03

Stock market news headlines this morning

This Morning in London the FTSE-100 is expected to open around 30-points higher, following on from gains in New York last night which were inspired by positive news from Intel. The latest UK unemployment data is due for release at 9:30am. In the announcement diary, interim results are planned from 1st Dental Laboratories, whilst final results are due from International Greetings, MDM Engineering Group, O Twelve Estates and Sovereign Reversions. Elsewhere trading statements are expected from Ashmore Group, ASOS, Barratt Developments, EMIS, Fresnillo, JD Wetherspoon, London Stock Exchange Group, Rio Tinto and Thorntons.

Small Companies News Flash

On Tuesday, our analysts' recommendations included a BUY for Gooch & Housego at 223.5p; a SPECULATIVE BUY for Pentagon Protection at 0.225p; a HOLD for All Leisure Group at 51.5p; along with a SELL recommendation for iPoint-Media at 1.5p. A full round-up of today’s recommendations can be found on our website via the link below.

Broker tips, views, and recommendations

Ambrian has a buy recommendation for BTG at 204p

Collins Stewart says buy Game Group at 65.75p

Evolution Securities has a buy rating on Intermediate Capital Group at 271.3p
The broker reiterates an add rating for Cranswick at 862p
Evolution Securities remains neutral on Northern Foods at 45.5p
The broker reiterates a buy rating on Amec at 880.5p
Evolution Securities is nuetral on Burberry Group ay 795.5p

Liberum Capital reiterates a buy stance on Greene King at 443.4p

Panmure Gordon advises holding Gem Diamonds at 222p
The broker advises buying Capita Group at 758p
Panmure Gordon says sell Northern Foods at 45.5p
The broker says hold Cranswick

Royal Bank of Scotland says buy GlaxoSmithKline at 1,173.5p

Seymour Pierce has a hold recommendation for Dunelm Group at 375.3p
The broker has an outperform recommendation for Rexam at 320p

Financial news stories in the papers

THE FINANCIAL TIMES

The Front Page
*€urozone crisis fund expects top rating

The Analysis Page
*Closing the back door: Dubai

The Lex Column
*Outsourcing’s Indian summer - Things are looking up in the world’s back office
*GlaxoSmithKline - Blockbuster diabetes drug goes on trial
*US drilling moratorium - Suspicions grow that the White House is trying to stave off a kicking at the polls
*India’s iron ore exports - Like many mad ideas, a total ban has a core of sanity
*Small business lending - Banks are struggling to lend more as borrowers repay debt

The Lombard Column
*Mis-buyers face mortgage misery if interest rates rise
*Frank Timis sticks his ore in (African Minerals/China)
*Roses red, Borders blue (US bookstore has sold Paperchase to Primary Capital)

Power Player
*Dixit Joshi of Deutsche Bank

Further news
*Bank traders rush to launch spin-offs before rules change
*DTZ maintains prudent outlook
*Positive start to US earnings season helps mood
*Barclays to the fore in 6th straight day of gains for Footsie
*GlaxoSmithKline climbs on Avandia deal hopes
*China lift for African Minerals
*Gooch & Housego rises after saying that full year sales and profits would exceed previous forecasts

THE TIMES

The Front Page
*"Mad, bad and dangerous," Tony Blair’s opinion of Gordon Brown, according to Peter Mandelson

Lead Story of the Business Pages
*Defence on the cheap will destroy industry, warns BAE chief

Business Briefing
*Recession: Blue collar workers bear the brunt
*The bill for future generations: £5,000-billion

The Business Editor’s Commentary Column
*Why swimming against the tide makes sense (Andrew Sentance of the Monetary Policy Committee)
*Inflation eases as fuel and clothing prices drop
*Taxing issue confronts BP (Gulf spill/tax loss)
*Banking on new entrants (Bank customers – More competition and transparency would do the trick, says Andrew Tyrie, chairman of The Treasury Select Committee)

The Tempus Column
*Northern Foods – The shares looks cheap, given the yield. But uncertainties over the dividend will continue
*Cranswick – Worth picking up on weakness
*DTZ – A brave recovery play
*Luminar – What are these analysts paid to do?

A Tiddler to Watch
*Monitise

The Focus Report
*The Skills Agenda

Further news
*Middle East slump drags down DLA Piper’s profits
*Market optimists turn to Barclays in case Europe stages recovery
*Gulf Keystone up on hopes it may catch the eye of a predator

THE DAILY TELEGRAPH

The Front Page
*Rogue Afghan murders senior officer

The Comment Column
*Office for Budget Responsibility had a hasty birth at the Treasury’s hand … and it’s made a bad start
*Willie Walsh’s legacy will be victory over the unions (British Airways)
*Business as usual for bankers’ pay

The Richard Fletcher Column
*No more plot twists in the Marks & Spencer soap opera, let’s have a happy ending
*Core inflation has risen … so will prices

The Questor Column
*Northern Foods – Hold
*Burberry - Hold

Further news
*BAE not betting on RAF Typhoon order to save jobs
*Blue-chip index up for 6th consecutive day
*Inflation falls short of 3.1% Bank of England target
*Cranswick brings home the bacon

THE INDEPENDENT

The Front Page
*Britain’s debt: The untold story - 903-billion is officially the size of the UK’s public debt. But £3.8-trillion it emerged yesterday, is how much we really owe, a toxic legacy for our children and grandchildren

The Lead Story of the Business Pages
*Kazakhmys accused over Astana government links

The Business on …
Marc Bolland, chief executive of Marks & Spencer

The Outlook Column
*It is too early to start talking about raising interest rates
*Not another banking investigation - One can understand why Andrew Tyrie, the new chairman of the Treasury Select Committee, wants to make a splash – John McFall will be a tough act to follow – but does the world, never mind Britain, really need another inquiry into the retail banking market like the one he announced yesterday?
*Kicking away the housing ladder - many of those people who have until now been able to buy property using interest-only loans might have something to say about the watchdog's latest strictures. For its crackdown appears not to be focused only on self-certificated mortgages … so-called liars' loans … but on all advances where borrowers cover interest payments but do not make capital repayments.

Focus
*The fast food giant eating up the world (KFC)

The Investment Column
*Cranswick – Buy
*DTZ – Avoid
*Indian Energy – Avoid

Further news
*ARM charges ahead on bid talk and tablet hopes

THE DAILY MAIL

At a Glance
*European Nickel

City Focus
*Retailers take an axe to prices

Further news
*HSBC chief: Crisis is far from over
*BP’s shares in another slick performance

US market news

Last Night in New York, shares powered ahead, with the Dow Jones poised for their longest positive run since April, as quarterly results from aluminium producer Alcoa and railway operator CSX Corp. lifted investor optimism. The Dow Jones gained 146.75-points to 10363, the Nasdaq added 43.67-points to 2242, while the S&P put on 16.59-points to 1095.

Site Address:
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13/07/2010 07:30:50

Stock market news headlines this morning

This Morning in London the FTSE-100 is anticipated to open around 15-points higher, with investors taking a keen interest in Burberry's sales data as the British Retail Consortium reports on a buoyant June for retailers. The latest UK inflation data is due for release at 9:30am. In the corporate diary for today, interim results are due from Low & Bonar, while final figures are expected from BGlobal, DTZ Holdings and Ocean Power Technologies. Elsewhere, trading statements are expected from Computacenter, Dunelm, Intermediate Capital Group, Northern Foods and Webis Holdings.

Small Companies News Flash

On Monday, our analysts' recommendations included a BUY for Morson Group at 91.5p; a SPECULATIVE BUY for Gulf Keystone at 68p; along with a HOLD recommendation for Vyke Communications at 2.125p. A full round-up of today’s recommendations can be found on our website via the link below.

Broker tips, views, and recommendations

Ambrian reiterates a buy recommendation on Anglo American at 2,408p

Arbuthnot has a strong buy rating on Sinclair (William) Holdings at 117.5p
The broker has a strong buy rating on Kier Group at 990p

Brewin Dolphin has a buy recommendation on Hyder Consulting at 335p

Daniel Stewart advises buying ReNeuron at 4.2p

Evolution Securities has a buy rating on Shire at 1,444p

Panmure Gordon advises buying Daily Mail and General Trust at 458.9p
The broker rates Huntsworth as a buy at 80.25p
Panmure Gordon says buy Hyder Consulting at 335p
The broker has a buy for Kier Group at 990p

Seymour Pierce reiterates a buy recommendation for Eckoh at 4.88p
The broker advises buying Advanced Medical Solutions at 48p
Seymour Pierce has a buy for Domino's Pizza at 396.1p

Shore Capital says buy Babcock International Group at 614.5p
The broker says buy Standard Chartered at 1,717p

Financial news stories in the papers

THE FINANCIAL TIMES

The Front Page
*Spill costs to cut BP tax bill by $10-billion

The Analysis Page
*A pariah under pressure: Sanctions against Iran

The Lex Column
*Bye-bye backs - American companies are supposedly flush with cash
*BP - Oil group is inching towards a resolution to its Gulf of Mexico nightmare
*Bank deposits - UK piggy banks are starting to sound a little hollow
*Jersey - Even tax havens are having to consider austerity measures
*European bank rescues - Haggling over how to handle the next financial crisis well under way

The Lombard Column
*JC Flowers faces challenges in making mutual friends (Kent Reliance)
*Moral of the story (UK housebuilders ‘prepare for the days of necessity by looking to fill their larders with prime building plots)
*Supreme irony – It would be poetic justice if it took a court decision to nudge US investors away from the courtroom

Power Player
*Rafael Sanchez-Lozano, Iberia COO

Feature
*Companies reposition to avoid funding tax

Further news
*Anglo American falls as Bank of America-Merrill Lynch calls for a break up
*Tullow Oil rises after Matrix upgrade
*Falkland oil explorers retreat
*Executive chairman’s share purchase lifts Polo Resources

THE TIMES

The Front Page
*Fear and loathing at No.10 (Lord Mandelson’s book ‘revelations’)

Lead Story of the Business Pages
*Flood barriers may be put up for sale to cut budget deficit

The Dashboard Pages
Business Big Shot
*Mark Burgess, chief investment officer designate at Threadneedle Asset Management
Business Briefing
*House prices: Rises slow as sellers flood the market
The Business Editor’s Commentary Column
*While oil still leaks, BP should avoid distraction
*Pensioners will feel the pain (the change in minimum inflation protection for private pensions
*Expressions of brotherly love (Vince Cable tells TUC members emotional commitment to the ‘skills agenda’)
*Putting it out to consultation (no big bout of dealmaking in the City until bosses are confident enough to overpay again)

The Tempus Column
*Thomas Cook – The fall is probably overdone, but concerns over the European travel industry remain
*Rockhopper – Those with a taste for excitement should retain some exposure to Rockhopper, although it could be a rough ride
*Kier Group – Probably up with events
Domino Pizza – Soehow, belt-tightening isn’t the image that comes to mind

A Tiddler to Watch
*European Nickel

Further news
*Bankers warned they face taxes on pay and profits
*Investors dust themselves down as Falkland Oil & Gas moves on

THE DAILY TELEGRAPH

The Front Page
*An end to life in prison for all murders

The Comment Column
*Bankers failed to show restraint on pay, so now they will be forced to
*Kent should learn from mutual lessons - A string of demutualisations and subsequent flotations in the 1990s made money for existing members, some carpet baggers and a few bankers. But none of them produced financial institutions that either served their customers well or stood the test of time.
*Mandelson unlikely to be a best-seller - President Barack Obama's ‘Dreams of My Father’ has shifted 700,000 copies here. But the top selling UK politician is Jeffrey Archer with his ‘Prison Diary’ volumes at 224,000.

Feature
*New Treasury Select Committee prepares to give Alan Budd a grilling

The Questor Column
*Domino’s Pizza – Buy
*Kier Group - Buy

Further news
*Bankers warned of further tax on profits and pay
*NHS power shift heralds opening for outsourcers
*Mining groups hit by falling Chinese imports

THE INDEPENDENT

The Front Page
*The Coalition’s huge NHS reform ‘gamble’ - For the sixth time in two decades, the NHS is to have major surgery. Each time, the government of the day has promised it is for ‘the long term’ But how much more reform can the system take?

The Business on …
*Christopher Flowers, founder of JC Flowers

The Outlook Column
*If public spending is behind the recovery, what happens when we cut it?
*BT to reverse its pension charges?
*Nuclear energy will be finite too

Focus
*Bitter funding battle leaves racing stranded in the stalls

The Investment Column
*Carnival – Hold
*Morson Group – Buy
*Hyder Consulting - Buy

Further news
*Falkland Oil & Gas gives up on Toroa well
*Anglo American loses ground as Bank of America-Merrill Lynch moots break-up

THE DAILY MAIL

At a Glance
*Best of the Best

The City Focus Column
*Boardrooms set to pay the price
*Pubs endure stale taste of failure

Further news
*‘Dirty’ record of rivals who covet assets
*Cobham soaring on contract talk
*Better-than-expected results from Immunodiagnostic Systems flits share price 55p to 791p

US market news

Last Night in New York, shares edged higher, led by technology stocks, including Microsoft and SanDisk, following ratings upgrades from analysts, although concerns over second-quarter earnings reports and disappointing import data from China impacted Alcoa and other materials stocks. The Dow Jones climbed 18.24-points to 10216.27, the Nasdaq added 1.91-points to 2198.36. while the S&P put on 0.79-points to 1078.75.

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12/07/2010 07:42:33

Stock market news headlines this morning

This Morning in London the FTSE-100 is expected to start the week around 15-points better-off, following on from positive sessions on Asian markets earlier this morning. In the corporate diary for the day, interim results are planned from Domino's Pizza. Final results are expected from Immunodiagnostic Systems, Invista Foundation Property Trust and KSK Power. Whilst Brainspark, Independent Resources, Norkom Group, Shires Income, TyraTech and Value and Income Trust will host their AGMs/EGMs.

Small Companies News Flash

On Friday, our analysts' recommendations included a BUY for Brammer at 140p; a SPECULATIVE BUY for AFC Energy at 19p; a HOLD for Craneware at 400p; along with a SELL recommendation for Tanfield at 37.25p. A full round-up of today’s recommendations can be found on our website via the link below.

Broker tips, views, and recommendations

Brewin Dolphin reiterates a hold stance on Bovis Homes at 351.3p
The broker has a hold recommendation on Bodycote at 214.6p
Brewin Dolphin reiterates a hold rating on SIG at 107.3p

Collins Stewart says buy Intermediate Capital at 264p

Evolution Securitites upgrades Michael Page International to buy at 393.4p
The broker advises adding Greene King at 432.9p
Evolution Securities advises adding Drax Group at 393.2p
The broker has a buy stance on Hays at 97.6p
Evolution Securities says buy SThree at 281.9p

Panmure Gordon has a buy rating on Bovis Homes at 351.3p
The broker says buy GlaxoSmithKline at 1,117.5p
Panmure Gordon says buy SIG at 107.3p

Seymour Pierce has a hold rating on Michael Page International, whilst raising targets from 350p to 375p

UBS says sell Intercontinental Hotels Group at 1,117p

Financial news stories in the papers

THE FINANCIAL TIMES

The Front Page
*Extradition under scrutiny

The Analysis Page
*Rules of engagement: Investing

The Lex Column
*Earnings season ... a user’s manual - Stick to the numbers based on accounting standards
*€urozone markets - Spooky calm in the eurozone financial markets
*Malaysia - The country needs a unique selling proposition

The John Plender ‘On Monday’ Column
*World still tolerant of antisocial financial behaviour

Feature
*BP nears date with destiny over its future

The FTfm Supplement
Lead Story
*Alternative Investment Fund Managers Directive rules to be diluted
Face to face with .
*Scott Powers, president and chief executive of State Street Global Advisors
Fund Focus
*Invesco Perpetual Global Equity Income Fund

Further news
*JC Flowers plans tie-up with Kent Reliance Building Society

THE TIMES

The Front Page
*Clegg the executioner – The Lib Dem ultimatum that killed off Brown’s hopes of clinging to power

Lead Story of the Business Pages
*New breed of banker lining up to take over the High Street

The Dashboard Pages
Business Big Shot
*Sukhpal Singh, founder, chairman and managing director of Euro Car Parts
Business Briefing
*The economy: A fortnight of data to reveal full picture
The Economic View Column
*No need for double dip

The Monday Manifesto
*Martha Lane Fox

Further news
*Promethean scents Bloodhound value

THE DAILY TELEGRAPH

The Front Page
*Criminals ‘cannot be kept in jail just to protect the public’, says the probation watchdog

Lead Story of the Business Pages
*BP builds defence in takeover threat

The Roger Bootle Comment Column
*PIIGS may yet fly, but not while they’re trapped in this rickety €urozone

The Nick Starling ‘Personal View’ Column
*Tighter rules required to prevent abuse of pre-pack administrations

The Monday Interview
*Matthew Bucknall, chief executive of Virgin Active

Commodities
*Secret gold swap has spooked the market

The Ambrose Evans-Pritchard Column
*Deutschland uber alles does not mean a trickledown recovery for EMU

Further news
*Energy companies urge move on nuclear build plans
*Lawyer in The Accident Group fiasco is fined for dishonesty

THE INDEPENDENT

The Front Page
*The real winners of the 2010 World Cup: South Africa

Lead Story of the Business Pages
*Nationwide calls time on fresh bailouts of rival societies

The Outlook Column
*FTSE chairmen must keep a closer eye on their executives
*The markets are not all sunshine and light
*The risk of an Office of Budget Irrelevance

The Small Talk Column
*Business plans to cut emissions have gone up in smoke
*Summer lull becalms IPO prospects on AIM
*Canadian investors tap into Ithaca Energy

Further news
*Government washes its hands of BP takeover
*Will Domino’s Q2 results show it powering ahead

THE DAILY MAIL

The Monday View
*Greece’s day of reckoning is still to come

Further news
*BP closing in on asset sales

US market news

Last Friday in New York, shares climbed and capped their best week in nearly 12-months, as optimism ahead of the second-quarter earnings season powered a strong rebound from the market's worst levels this year. The Dow Jones gained 59.04-points to 10198.03, the Nasdaq added 21.05-points to 2196.45, while the S&P put on 7.71-points to finish at 1077.96.

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09/07/2010 09:44:06

Stock market news headlines this morning

As expected in London this morning, FTSE 100 shares opened higher still as the global rally continues, underpinned by growing demand for commodities in Asia.

Small Companies News Flash

On Thursday, our analysts’ recommendations included a BUY for Avesco at 65.p, Brady at 58p, Dialight at 308p, DQ Entertainment at 115p, KBC Advanced Technologies at 42p, SQS Quality Software Systems at 183.5p and Tikit Group at 171.0p; SPECULATIVE BUY for Enova at 60p, Probability at 42.0p and Specialist Energy Group at 36p; SELL for Centaur Media at 46p and Servoca at 10p and HOLD for Tower Resources at 3.125p and Vislink at 22.75p.

Broker tips, views, and recommendations

Collins Stewart upgrade their view on Invensys to a BUY at 258.80p

Shore Capital reiterate their BUY stance on Tesco at 393.95p
The broker also repeats its BUY signal on Dialight at 313.75p

Panmure Gordon repeat their BUY take on United Business Media at 517.00p
The broker also repeats its BUY position on Associated British Foods at 994.50p

Nomura covers Associated British Foods for the first time and it does so recommending a BUY at 994.50p

HSBC's new coverage of Aggreko concludes the stock is OVERWEIGHT at 1,545.00p
The broker's new coverage of Ashtead Group suggests the shares are UNDERWEIGHT at 97.25p

Altium Capital looks at Connaught for the first time and adopts a BUY stance at 111.10p

Panmure Gordon upgrades its position on Connaught to a HOLD at 111.10p

KBC Peel Hunt upgrades its recommendation on Hays to a HOLD at 95.15p

Morgan Stanley repeats its OVERWEIGHT position on BT Group at 136.00p

Seymour Pierce reiterates a SELL stance on JJB Sports at 14.00p

Arbuthnot continues to think that Galliford Try is a BUY at 312.75p

Financial news stories in the papers

Financial Times

The Lex Column

* Taxing banks in Hungary - will new tax will damage the country’s interests?

* IMF - markets simply saw what they wanted to see in the latest update.

* Stress tests in EU - are governments ready for rapid bank recapitalisations?

* US retailing - a third successive disappointing month of sales.

* Retailing in Asia - Uniqlo’s parent is the worst-performing retailer in Asia this year.

* Asian bond markets - countries should try to develop deeper more liquid debt markets.

Lombard

* City should cheer an old band in search of a new gig - Connaught’s new bearings - No-frills banking.

Other Comments

* Obama and the Middle East - the publication of a plan for a two-state settlement would greatly ratchet up the pressure

* How fighting the drug trade helps the Taliban - there are not many drug-control activities that do more good than harm.

* Stop the land cycle - ruinous trust in land speculation has led to expensive houses and inefficient taxes.

* America needs a growth strategy - a bold move is needed: the US must create new capital-intensive jobs.

The Daily Telegraph

Comments

* Concerns over IMF's new forecasts.

* Tightening Europe's monetary union.

* Why house prices must fall by 25 per cent or more.

The Guardian

Viewpoint Column

* Hamleys should be a goldmine - if the toy store concentrates on selling teddy bears and suchlike and gives up the financial engineering, it'll go far.

* Lord Levene's new bank plan may seem naive but it is to be welcomed - project New Bank has a lot of serious backers who must think there is a gap in the market.
* The IMF and 'austerity mania'.

The Independent

Investment Column

* Hold Hays at 95.15p (+4.6p); buy First Group at 381.9p (+7.2p); sell Galliford Try at 312.75p (+7.75p).

Business Comment

* Hamish McRae: For those about to suffer from cuts the mood is surprisingly upbeat.

* David Prosser: Roll up, roll up, for the great banking auction.

* Sarah Arnott: All the signs point to another big slowdown.

* David Prosser: Gloomy tidings from the IMF.

* David Prosser: Counting the cost of pensions reform.

Daily Mail

* THE CITY INTERVIEW: The Goldman West End Boy

* CITY FOCUS: Connaught bosses leave the building.

* COMMENT: Rehabilitating the bankers.

US market news

Last Night in New York the Dow added 121 points at 10,139, the Nasdaq rose 16 points at 2,175 and the S&P500 gained 10 points at 1,070. In Asia today, the Nikkei was last up 62.84 points at 9,598.58, while the Hang Seng ended the morning ahead 291.05 points at 20,341.61.

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08/07/2010 10:27:21

Stock market news headlines this morning

This Morning in London FTSE 100 shares started the day well following gains on Wall Street and in Asia overnight. At 8:30am, the FTSE100 trading up 64.54 points trading at 5079.36, with the FTSE250 up 147.5 points at 9710.2 and the FTSE Smallcaps rising by 10.43 points to 2699.59.

Small Companies News Flash

On Wednesday, our analysts’ recommendations included a BUY for AGA Rangemaster Group at 86.25p, Alkane Energy at 16p, Electric Word at 4.12p and IDOX at 11.75p, SPECULATIVE BUY on AFC Energy at 20.75p, Diamondcorp at 7p and Nighthawk Energy at 26p, HOLD on Byotrol at 17.5p, Communisis at 22.5p and Northern Bear at 33.5p and SELL on Photo-me International at 33.75p.

Broker tips, views, and recommendations

Panmure Gordon repeat their BUY position on Associated British Foods at 989.50p
The broker also maintains a HOLD position on ARM Holdings at 289.30p

Daniel Stewart reiterate their BUY stance on Altitude Group at 9.00p

Seymour Pierce stick to the BUY position on Workspace Group at 21.50p
The broker also reiterates its SELL on Home Retail group at 226.20p

Royal Bank of Scotland takes a HOLD stance on Next at 2,073.00p
The broker also takes a HOLD position on Home Retail Group at 226.20p

UBS downgrades its take to NEUTRAL on Dana Petroleum at 1,420.00p

KBC Peel Hunt repeats its SELL position on Marks & Spencer Group at 346.00p

Altium capital repeats its buy stance on Robert Walters at 240.75p

Financial news stories in the papers

THE SHARES MAGAZINE

The Cover Story
* Buy, Buy, Buy – The 3 trades you must make: - Buy Equities (Buy Royal Dutch Shell ‘B’, Tesco, Lyxor ETF India S&P CNX Nifty – Sell Marks & Spencer, Gazprom) … Sell Cash … Buy Property (Land Securities and British Land) … Sell Bonds (Sell September Gilt Future, with the cash, the 4.75% due July 2010 trading at 111.40, yielding 3.36%) … Buy Commodities … Buy Currencies

The Agenda Pages
* Shanta Gold – Buy
* Uniq – Sell
* Worldspreads – Buy ahead of confirmation of new deals
* AstraZeneca – Sell
* Dana Petroleum – Take profits
* Xstrata – Buy
* Western Coal – Buy
* Pursuit Dynamics – Speculative buy
* Micro Focus – Buy
* RM Group – Sell
* Kier Group – Sell

Plays
* RBS Call Covered Warrant – Buy
* GW Pharma – Buy

Small Caps
* Jacques Vert – Buy
* Clarity Commenrce – Buy
* Medgenics – Buy
* US Oil & Gas (PLUS) – Speculative buy
* H&T Group – Buy

Focus on PLUS
* Buy Zeta

Mr Market’s Inside Track Column
* Where’s there muck there’s brass

The Griller Interview
* Alain Grisay, CEO of F&C Asset Management (Buy F&C Asset Management)

Feature
Plays Review for 2010-07-08

Feature
* Fuel cells: The clean fuel future takes shape

Sector Report
* Industrial Transportation (Conclusion – Buy James Fisher, UK Mail Group, BBA Aviation)

The Honest Broker Column
* Panmure Gordon says buy Capital Shopping
* Canaccord says buy Micro Focus
* Citigroup says buy Amlin

THE FINANCIAL TIMES

The Front Page
* EU votes for bank bonuses crackdown

The Analysis Page
* A bolder banker: European Central Bank

The Lex Column
* Yen push comes to shove - Many have been caught off-guard by Japan’s flying currency
* Gold and the BIS - The reality is almost certainly more prosaic than the conspiracy theories
* Hexagon/Intergraph - The tools are to hand to map and measure the way ahead
* Samsung - Semiconductor maker’s other units have been reacting, not acting
* Germany’s economy - Export growth remains what counts, so the rest of the world must keep up

The Lombard Column
* Better research won’t always save unwary investors
* risk of deforestation (Green shoots of enterprise/VC funds)
* Amazons and Amazons (Amazon’s launch of a grocery store)

The Power Player
* David Childs, managing partner of Clifford Chance

The Small Talk Column
* Renewable energy specialist slips into faster lane (Acta)
* AIM IPO’s fail to pick up

Further news
* Prospect of fresh Qatari bid interest bolsters Sainsbury
* Trading slowdown weighs on ICAP
* Kenmare promotion beckons

THE TIMES

The Front Page
* Stop the Stoning (Iranian women who faces execution for adultery)

The Dashboard Pages
Business Briefing
* Magic Circle: Big City law firms feel the squeeze
Business Big Shot
* Miles Roberts, CEO of DS Smith
The Business Commentary Column
* Putting the stress on credibility
* A new law of the jungle (Amazon and the launch of a grocery store)
* Jockeying for position – Four obstacles for next Prudential chairman
* On your marks (Marc Bolland/M&S)

The Tempus Column
* Carillion – No reason to chase the shares at this level
* Xstrata – Worth picking up on further weakness
* Photo-Me – The shares are on about 12-times this year’s earnings, which seems about right
* To BP or not to BP

A Tiddler to Watch
* Cineworld

Further news
* Analysts pull back as Aquarius is hit by another mine accident in Africa

THE DAILY TELEGRAPH

The Front Page
* Private schools forced to offer more free places

Lead Story of the Business Pages
* FSA wants exemption from EU pay rules

The Comment Column
* Europe’s one-size-fits-all approach to pensions must be resisted
* BP report could help rebuild investor trust
* Ocado float should be better prepared

The Questor Column
* Robert Walters – Hold
* Carillion - Buy

Further news
* Xstrata unveils expansion plan for Peru copper mine
* Barclays rumoured to be buying SunTrust

THE INDEPENDENT

The Front Page
* Afghanistan: Now it’s America’s war

The Outlook Column
* Bet on Amazon to give grocers a real fright

Feature
* Oil explorers rush to North Sea as price rises fuel drilling boom

Interview
* Guy Parsons, CEO of Travelodge

Investment Column
* Carillion – Buy
* Big Yellow – Hold
* Lookers – Hold

Further news
* Dana Petroleum retreats amid deal speculation

US market news

Last Night in New York shares jumped 275 points to 10,018, the Nasdaq Composite added 66 points at 2,159 and the S&P500 gained 32 points at 1,060.

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07/07/2010 08:47:08

Stock market news headlines this morning

As expected in London this morning the FTSE-100 opened 53 points down following a degree of profit taking yesterday. Final results are due from Great Eastern Energy, Northern Bear and Photo-Me International and interim from IDOX. A number of companies are expected to issue trading statements for example 3i Group, Big Yellow Group, Booker Group, Cape, Carillion, CRH and Marks & Spencer.

Small Companies News Flash

On Tuesday our Analysts' recommendations includes BUYS for Anite at 35.5p, Brady at 56p, Net Dimensions at 21.5p and Staffline at 82.5p and SPECULATIVE BUYs for AdEPT Telecome at 20p, Blinkx at 33.75p, Empyrean at 5.75p, Providence Resources at 165p and Shanta Gold at 19.75p.

Broker tips, views, and recommendations

Panmure Gordon reiterates a BUY signal on Travis Perkins at 777.00p

Exane BNP upgrade their view to NEUTRAL on Royal Bank of Scotland Group at 40.91p

Seymour Pierce repeats a BUY signal on Smith & Nephew at 587.00p

UBS upgrades its take on Debenhams to a BUY at 60.05p

Daniel Stewart downgrades RM Group to a HOLD at 160.00p

Charles Stanley downgrades its view on Punch Taverns to a HOLD at 66.60p

Royal Bank of Scotland upgrades BP to a BUY at 345.50p

KBC Peel Hunt upgrades its recommendation on Anite Group to a BUY at 36.00p

Seymour Pierce confirms its SELL stance on Topps Tiles at 49.25p

Altium Capital sticks to the view that Staffline Group is a BUY at 83.00p

Financial news stories in the papers

THE FINANCIAL TIMES

The Front Page
* Reduced wealth of KKR duo revealed (Kravis and Roberts holdings revealed in run-up to IPO)

The Analysis Pages
* Drastic dynastics: North Korea

The Lex Column
* Sterile intentions - The ECB bond purchase programme reaches critical point
* RBS loans - The timing is ugly for a sell-off of non-core real estate assets
* AgBanks IPO - In many ways, the $22bn IPO is a fitting prize for the state lender
* UK defence companies - BAE Systems discount to its peers seems hard to justify
* Cocoa - Speculation is just one factor in rising prices

The Lombard Column
* Ocado is no Webvan but still requires a leap of faith
* Sibirs unhappy legacy

Power Player
* Andrew Bracey, CFO of Ocado

Further news
* RBS gives shrinkage plan £3-billion boost
* Barclays theories fuel biggest Footsie rally in 5-weeks
* BT in focus ahead of pension news
* Share sale weighs on Real Estate Opportunities

THE TIMES

The Front Page
* Terror cells tracked as Britain remembers 7/7

4-Page Supplement
* The Agenda 2010 Time is running out for BP to plug that leak and save millions of investments

The Dashboard Pages
Business Briefing
* Public Sector Pensions: Never have so few had to pay so much for so many
* Public Sector Spending Cuts: Construction companies see school contracts crumble away
The Business Commentary Column
* BP must face its own American question
* The problems of leadership (new chief executives at the helm)
* Sir Alan Budd departs on schedule
Business Big Shot
* Mike Farley, CEO of Persimmon

The Tempus Column
* Spice outflanks a marauder (Cinven)
* PartyGaming About up with events
* Tullow Oil The devil is in the detail, and there may be further complications. But this at least (Uganda) goes some way to unblocking the uncertainty that has dogged the shares in recent months

Tiddler to Watch
* BATM Advanced Communications

Further news
* Heritage Oil puts on a spurt after Uganda approves delayed disposals

THE DAILY TELEGRAPH

The Front Page
* Teachers told to get tough in drive for better discipline

Lead Story of the Business Pages
* True cost of Ponzi pensions is hidden - Report warns civil service pensions have been run in a way that threatens to impoverish future generations.

The Comment Column
* The £1-billion question: Is Ocado worth that much? The answer is No
* Private sector suffers to pay public pensions

The Richard Fletcher Column
* Maude summons suppliers to come into the garden and face the chop

The Questor Column
* Ocado Avoid
* Persimmon - Avoid

Further news
* OBRs credibility questioned as it hunts for new team
* John Lewis in line for £850,000 Ocado IPO fee
* Stakebuilders take positions in ACS and JJB

THE INDEPENDENT

The Front Page
* Exposed: The truth about Israels land grab in the West Bank

The Business On
* Crispin Odey, founder of Odey Asset Management

The Outlook Column
* Situations vacant: Adviser with large fig leaf to mask Osbornes spending cuts
* Ocado still has a mountain to climb
* How long can car sales stay in the fast lane?

Focus
* Budget cuts start to bite Whitehalls contractors

The Investment Column
* Persimmon Sell
* Meggitt Sell
* Ultra Electronics Hold

Further news
* Bargain-hunters drive market as GKN rises 6%

THE DAILY MAIL

The City Focus Column
* Firms face up to age of austerity

At a Glance
* Ashley House

Further news
* Investors line up new man for Prudential
* Battersea shares run out of steam
* Qataris check out Sainsburys

US market news

In the US last night, the Dow Jones added 57 points at 9,744, the Nasdaq Composite gained 2 points at 2,094 and the S&P500 rose 5 points at 1,028. the DJIA added 57 points at 9,744, the Nasdaq Composite gained 2 points at 2,094 and the S&P500 rose 5 points at 1,028.In Asia today, the Nikkei was last down 90.15 points at 9,247.89, while the Hang Seng ended the morning off 221.53 points at 19,862.59.

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06/07/2010 07:29:07

Stock market news headlines this morning

This Morning in London the FTSE-100 is expected to open around twenty-five points better-off, following on from a rally in Asian markets overnight, with BT providing investor focus as the planned strike ballot by the Communications Workers Union (CWU) is called off. The UK economy continued to grow in the second quarter of this year, according to a survey by the British Chambers of Commerce (BCC). The organisation, which collected data from 5,600 businesses across the country, predicted growth for the three months to the end of June of between 0.6% and 0.7%. However, serious concerns over sustained recovery remained, it warned. In the corporate announcement schedule for today, final results are due from AdEPT Telecom, Anite Group and Spice. Whilst trading statements are expected from Balfour Beatty, PartyGaming, Persimmon, Punch Taverns and Tullow Oil.

Small Companies News Flash

On Monday, our analysts' recommendations included a BUY for Elektron at 20p; a SPECULATIVE BUY for Pinnacle Telecom Group at 0.31p; a HOLD for T. Clarke at 127.5p; along with a SELL recommendation for Sabien Technology Group at 43.5p. A full round-up of today’s recommendations can be found on our website via the link below.

Broker tips, views, and recommendations

Arbuthnot is neutral on Soco International at 329.4p

Arden Partners advises selling Provident Financial at 834.5p
The broker advises buying Lamprell at 221p

Citigroup has a buy recommendation on Wellstream Holdings at 464.7p

CSFB has an outperform rating on Berkeley Group at 790.5p, whilst adjusting targets from 920p to 307p
The broker has an underperform view on Redrow at 108.3p, with a 95p price target

JP Morgan initiates coverage of Regus with an overweight recommendation at 70.7p

Morgan Stanley has an underweight recommendation on Cable & Wireless Worldwide at 86p

Royal Bank of Scotland advises holding Pearson at 890.5p

Seymour Pierce reiterates a sell rating on Lloyds Banking Group at 54.48p
The broker reiterates a buy stance on Babcock International at 616p
Seymour Pierce reiterates a buy recommendation for Carillion at 305.1p

UBS upgrades TUI Travel to buy at 210p, whilst adjusting price targets lower from 265p to 250p
The broker has downgraded WS Atkins to neutral, with a 700p price target

Unicredit upgrades Royal Bank of Scotland to buy at 39.09p

Financial news stories in the papers

THE FINANCIAL TIMES

The Front Page
*BP rules out share issue

The Analysis Page
*Trading blows: Global economy

The Lex Column
*Capital returns - European money is charging into emerging markets
*BP - Relief wells usually work, but that does not lessen the oil group’s strategic dilemma
*Contrarian investing - Best results may come from trading against investment bankers’ advice
*Abertis - The challenge will be to convince lenders that a private equity deal will be different this time
*BT strike - Strike could damage improving customer relationships

The Lombard Column
*Lloyds’ housekeeping fails to sweep up debt exposure
*He who dares – To spend or not to spend, that is the question. Chief executives are increasingly facing this dilemma as they plot the next move of their companies.

Power Player
*Andrew Miller, GMG chief executive

Further news
*Oil spill drains BP of funding options
*Talk of Connaught break-up fuelled by Breeden move
*Exane BNP Paribas turns positive on LSE
*Spotlight falls on Sound Oil

THE TIMES

The Front Page
*UN report on climate change was ‘one-sided’

Lead Story of the Business Pages
*Cameron prepares for the worst as fears grow over BP

The Business Big Shot
*Martin Weale, new member of the MPC

Business Briefing
*British Airways: Troubled flag carrier touches down in new world

The Business Commentary Column
*Equity firms fishing in shallow waters
*Bank of England’s MPC comes of age (the appointment of Martin Weale)
*Anglo Platinum’s touch of heavy metal
*Crime and accountability – Ken Clarke’s decision to pay Serco £600-million to build and run 2 new private prisons contradicts his claim last week that banging up more criminals only raises the numbers reoffending

The Tempus Column
*Bunzl – Any further price weakness would make them look attractive again
*NCC Group – Worth tucking away
*St Modwen – No reason to chase them at the moment
*Serco - - Update regarding Savoy reopening

A Tiddler to Watch
*Documetrics/Intelligent Environments

Further news
*Lloyds Banking sheds controversial private equity unit
*Phoenix rises on London debut as American holiday gives BP respite

THE DAILY TELEGRAPH

The Front Page
*‘Holy grail’ Alzheimer’s blood test in sight

The Comment Column
*It would be a brave investor who rides to BP’s recue before 27th July
*Travis Perkins sees strength in numbers
*OBR’s positive start nipped in the Budd (Sir Alan Budd’s departure)

The Jeremy Warner Column
*Catastrophe looms as EU flunks test (stress-testing)

The Questor Column
*Serco – Hold
*Lloyds Banking - Buy

Further news
*Libya may take stake in ‘bargain BP’
*Sir Alan Budd to leave Chancellor’s OBR after just 3-months
*Miners weigh on blue-chips in a lacklustre day

THE INDEPENDENT

The Front Page
*Summer of discontent: 69 graduates for every job vacancy

The Business on...
*Graham Beale, CEO of Nationwide

The Outlook Column
*BP should hold its nerve and resist begging for funds from Middle East
*We have much to fear, including fear itself
*BBC loses its licence fee deal with Worldwide

Focus
*Chairmen of the board in the firing line again

The Investment Column
*Kesa – Buy
*St Modwen – Avoid
*Domino’s Pizza - Buy

Further news
*Aviva presentation gives investors a smooth ride

US market news

Last Night in New York stock markets were closed for the Independence Day public holiday. In Asia today, the Nikkei was last up 8.32 points at 9,275.1, while the Hang Seng approached the midpoint ahead 55.51 points at 19,897.71.

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05/07/2010 07:26:35

Stock market news headlines this morning

This Morning in London the FTSE-100 is expected to start the week little changed to marginally higher, on a day offering little corporate news to offer direction, with BT expected to grab the headlines ahead of imminent strike action. The telecoms provider could face industrial action over a pay dispute when the result of a ballot of 50,000 Communication Workers Union (CWU) members is announced later. The CWU says BT can afford a 5% pay rise after what it says is a two-year wage freeze and round of redundancies. The firm has offered a 5.1% rise over 21 months and several one-off payments. The earliest date a strike could be held is 12 July. Elsewhere, a quiet start to the week sees final results from Braveheart Investment Group, NCC Group and OPG Power Ventures. Trading statements are expected from British Airways and XP Power. Whilst Big Yellow Group hosts its AGM.

Small Companies News Flash

On Friday, our analysts' recommendations included a BUY for Software Radio Technology at 17.75p; a SPECULATIVE BUY for Ceres Power at 76.75p; a HOLD for Alexandra at 7.5p; along with a SELL recommendation for Avingtrans at 33p. A full round-up of today’s recommendations can be found on our website via the link below.

Broker tips, views, and recommendations

KBC Peel Hunt reiterates a sell stance on Rathbone Brothers at 785.5p, whilst lowering their target price to 745p

Panmure Gordon has buy stances on Autonomy Corporation at 1,814p, Aviva at 313.7p, Charter International at 609.5p, Cookson Group at 383p and Fenner at 194.5p
The broker says hold Aegis Group at 104.7p, Bodycote at 187.9p, Halma at 269.2p and Rotork at 1,276p
Panmure Gordon advises buying IMI at 673p, Logica at 104.9p and Morgan Crucible at 182.1p
The broker advises buying Spirax-Sarco Engineering at 1,365p and Tomkins at 222.3p

Financial news stories in the papers

THE FINANCIAL TIMES

The Front Page
*Big cuts to civil servants pay-offs

The Analysis Page
*A trade to ply: Dubai

The Lex Column
*Silver from clay - The laws of aluminium supply and demand seem to have wandered out for a cigarette
*Financial regulation - Fuzzy-headed thinking abounds leaders should at least be consistent
*Smartphone subsidies - Kingmakers do not take kindly to becoming mere courtiers

The John Plenders On Monday Column
*Jekyll and Hyde markets need Rajans secret formula

Interview
*Ron Sadler, chairman of Phoenix Group

The FTfm Supplement
Lead Story
*Industry profits to rebound
Face to face with
*Antonio Borges, chairman of the Hedge Funds Standards Board
Fund focus
*Insight Diversified Dynamic Return

Further news
*Pledges of £280-million for Alchemy fund
*AstraZeneca secures deal with academia
*Signs of change in Europes fund sales

THE TIMES

The Front Page
*Ministers in secret talks to toughen strike laws (Job cuts prompt fear of union-led disruption)

Business Big Shot
*Jonathan Moss, chief executive of Phoenix Group

Business Briefing
*Online Search: Skys the limit as Google splashes out

The Economic View
*US growth is not a given
*A bit of Blarney (the case of the figures given by the Government stating that we export more to Ireland than we do China, India and Russia combined)

The Monday Manifesto
*Tony Collins, chief executive of Virgin Trains

Further news
*Top law firms feel the pinch as premium work dries up

THE DAILY TELEGRAPH

The Front Page
*Ministers to slash pay-offs for civil servants

Lead Story of the Business Pages
*BP turns to Middle East to fend off rivals

The Comment Column
*We must not be seduced by apparent attractiveness of a strong pound

The Ambrose Evans-Pritchard Column
*With the US trapped in depression, this really is starting to feel like 1932

Interview
*Matt Brittin, head of Google UK

Commodities
*Agriculturals as unpredictable as the weather

Further news
*Standard Life boss clears the cobwebs

THE INDEPENDENT

The Front Page
*Mistreated, humiliated and abandoned. What really happens when the UK deports failed asylum-seekers

The Stephen King Column
*Back to the future with austerity measures that will test our tolerance

The Small Talk Column
*Small businesses miss out on benefits of social media
*Brainspark invests
*Delistings down

Further news
*Updates from builders to clarify housing market

THE DAILY MAIL

The Monday View of David Frost, of the British Chambers of Commerce
*Radical thinking needed to save local economies

Further news
*Mounting fears of double-dip recession

US market news

Last Friday in New York, shares fell following disappointing reports on US employment and factory orders. The Dow Jones dropped 46.05-points to 9686.48 (its lowest close since 5th October 2009), the Nasdaq fell 9.57-points to 2091.79, while the S&P lost 4.79-points to 1022.58.

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02/07/2010 07:45:47

Stock market news headlines this morning

This Morning in London the FTSE-100 is anticipated to open up around thirty-points, on a quiet day for company news, with BP a likely headline-maker on asset sale plans and miners potentially benefitting from the news that the Australian government has agreed a deal to reduce new mining taxes. Elsewhere, interim results are scheduled from Morgan Sindall and OJSC Novolipetsk Steel. Final results are due from Harvard International, whilst a trading statement is expected from Belfour Beatty and Tesco hosts its AGM.

Small Companies News Flash

On Thursday, our analysts' recommendations included a BUY for Zotefoams at 94.5p; a SPECULATIVE BUY for Synchronica at 2.125p; along with a HOLD recommendation for Cyril Sweett at 122p. A full round-up of today’s recommendations can be found on our website via the link below.

Broker tips, views, and recommendations

Citigroup advises selling Tesco at 368.75p

Evolution Securities advises adding Greene King at 397p
The broker says sell AstraZeneca at 3,161p
Evolution Securities says buy Invensys at 241.7p

Panmure Gordon has a hold rating on Hammerson at 340.8p, whilst updating their price target to 351p and also says hold Tate & Lyle at 455.9p, with a 500p price target
The broker has a buy rating on AstraZeneca, whilst raising targets to 3,600p, and reiterates a buy recommendation for Persimmon at 347.1p
Panmure Gordon says buy SEGRO at 251.1p, with a 286p price target and reiterates a buy stance on British Land at 434.5p
The broker advises buying Land Securities Group at 555.5p and says hold Great Portland Estates at 281.4p

Seymour Pierce advises holding Barclays at 264.5p

Shore Capital advises buying Diageo at 1,048p
The broker says hold Greene King at 397p

Financial news stories in the papers

THE FINANCIAL TIMES

The Lex Column
*US health insurance trusts - groups spun off from carmakers must diversify and cut costs to thrive
*Parkway hospitals - a tussle is developing over Asia’s biggest play on medical tourism
*Clearing derivatives - legislation is merely following existing market trends

The Lombard Column
*Why Tate’s ‘loss’ is Britain’s gain - the parallels with Kraft-Cadbury are superficially strong but the takeover by American Sugar Refining almost certainly offers a brighter prospect than Tate itself could have done

Further news
*What comes after inflation targets - nominal GDP offers monetary policy a sense of direction
*The Tories are taking too big a risk with growth - the greatest risk to recovery is that consumers will not start spending again

THE TIMES

Business Big Shot
*Javed Ahmed of Tate & Lyle

Further news
*There are fears over what countries may be concealing

THE DAILY TELEGRAPH

The Questor Column
*Hold Barclays
*Hold AstraZeneca

The Comment Column
*Sky Sports 1 arrives on BT Vision but who benefits?
*Banks don't believe mega bonuses are a good thing
*Middle class families face a triple whammy

THE INDEPENDENT

The Hamish McRae Column
*A double dip is likely but it will not slip into a depression

The David Prosser Column
*Cheaper television? Maybe, but all the fighting makes for a blurry picture
*A much sweeter deal than Cadbury
*Pension planning over a barrel

THE DAILY MAIL

The City Focus Column
*Why the glass is half empty at Pilkington

Further news
*Lloyds delivers more misery

US market news

Last Night in New York the Dow Jones fell 41 points to stand at 9,733, the Nasdaq Composite lost 8 points to finish at 2,101 and the S&P-500 shed 3 points to close at 1,027. In Asia today, the Nikkei was last up 29.43 points at 9,221.03, while the Hang Seng ended the morning off 277.57 points at 19,851.42.

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01/07/2010 07:46:02

Stock market news headlines this morning

This Morning in London the FTSE-100 is expected to open around 70-points down, as global markets continue to suffer heavy losses in the wake of a manufacturing slowdown in China. In the corporate diary today final results are scheduled from Cyril Sweett, GEONG International and Greene King. Whilst trading statements are set to be announced by Debenhams and John Wood Group.

Small Companies News Flash

On Wednesday, our analysts' recommendations included a BUY for H&T Group at 261.5p; a SPECULATIVE BUY for Range Resources at 5.13p; a HOLD for Tarsus Group at 122p; along with a SELL recommendation for Seeing Machines at 2.625p. A full round-up of today’s recommendations can be found on our website via the link below.

Broker tips, views, and recommendations

Jefferies initiates coverage of Smith & Nephew with a buy recommendation at 636p

JP Morgan upgrades AstraZeneca to neutral at 3,205.5p

Panmure Gordon reiterates a sell recommendation for Connaught at 114.2p, with a downgraded target price of 110p
The broker downgrades CVS Group to hold at 105p, with a 109p price target
Panmure Gordon advises holding ASOS at 856p, with a target price of 875p

Seymour Pierce reiterates a buy stance on Trans-Siberian Gold at 22.5p
The broker reiterates a buy for Medusa Mining at 235.5p
Seymour Pierce says buy HMV Group at 61.5p

Financial news stories in the papers

THE FINANCIAL TIMES

The Lex Column
*Airbus ruling is an exercise in futility - none of the parties lobbying the WTO over subsidies emerges with much credibility
*AstraZeneca - treating cholesterol is good for the drugmaker’s wealth
*Foxconn International - the world’s biggest contract maker of mobile phones has lost its shine
*Portugal Telecom / Telefónica - shareholders should be angry with the government
*Mexico - the country has negotiated the global crisis well

The Lombard Column
*Flag-waving pilots could crowd BA-Iberia

Further news
*Wall Street’s new double act comes up short - the Dodd-Frank financial bill is badly flawed
*The Asian century calls for a rethink on growth - governments will have to transform economic and urban planning

THE TIMES

The Business Editor's Commentary Column
*It’s time the Bank turned the tap back on
*Small law firms with big ideas

Business Big Shot
*Ronnie Bell of Premier Foods

THE DAILY TELEGRAPH

The Questor Column
*Buy National Express
*Hold Carpetright

Further news
*Will the world suffer a double-dip recession? Only if we talk ourselves into it
*Pru's management should start delivering for shareholders by demerging M&G
*Why S&P is worried about Moody's – and vice versa

THE INDEPENDENT

The Investment Column
*Hold AstraZeneca at 3169p
*Buy Hunting at 448.3p
*Hold Phorm at 185p

The Outlook Column
*Banks should pay more for the support that they are still receiving
*No result in sight in aircraft grudge match
*A creamy stout, with soft coffee flavours and an earthy finish... so why have sales gone flat?

Further news
*The first of many public-sector schemes to wield the axe

THE DAILY MAIL

*Lloyds delivers more misery

US market news

Last Night in New York the Dow Jones fell 96 points to 9,774, the Nasdaq Composite lost 26 points to finish at 2,109 and the S&P-500 shed 11 points to finish at 1,031. In Asia today, the Nikkei was last down 198.96 points at 9,183.68, while the Hang Seng ended the morning off 119.91 points at 20,128.99.

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