Financial News

Asian stocks were mixed Friday as exporters, including Sony Corp. and Tokyo Electron Ltd., drew strength from U.S. gains and airlines advanced on an overnight dip in crude-oil prices, while profit-taking pulled other shares lower after strong gains earlier in the week. Stocks in Japan and South Korea posted gains, while Australia and Hong Kong declined. The advances were building on U.S. sto ...

(Updating with full report) LONDON (AFX) - Leading shares struggled to close in positive territory today, pulled back from lunchtime highs by profit taking on Wall Street and a weak mining sector, dealers said. The FTSE 100 index closed 3.0 points higher at 5,903.4, while the broader indices also ended firmer. Volume was better than of late, with 2.4 bln shares changing hands in 308,418 deals.  ...

LONDON (AFX) - Leading shares remained in positive territory, although off highs, in midafternoon trade, pulled back by a lower opening on Wall Street after weaker-than-expected consumer confidence data, dealers said. By 3.20 pm, the FTSE 100 index was up 13.4 points at 5,913.8, while the broader indices also remained higher. Volume was moderate, with 1.67 bln shares changing hands in 215,418 de ...

LATHAM, N.Y. (AFX) - MRI products maker Intermagnetics General Corp. said Friday that the Securities and Exchange Commission has declared effective a proxy statement for the acquisition of the company by Philips Holding USA Inc., a subsidiary of Royal Philips Electronics NV. The merger will be presented to shareholders at a special meeting on Sept. 26. Shareholders on record as of August 16 will  ...

Evening Standard18 August 2006 BRITAIN today scored a major coup with a £20bn order for 72 Typhoon Eurofighters from Saudi Arabia. OTHER STORIES Market Report: Friday 13:45 No Place like Homeserve Sunday newspaper share tips Terror costs airlines dear House of Fraser to give nod to Baugur THE EDITOR'S PICKS Interest rates: The next move Bank fees: Reclaim charges no ...

EUROPEAN style coffee shop Caffe Nero added around £15m to its value today after a takeover approach from its founder. Shares in the London-based firm soared 10 per cent to value it at £165m after "an informal approach" from founder and chief executive Gerry Ford. In a statement to the stockmarket, Caffe Nero said the approach from the American could lead to an offer but that "matters are at a v ...

LONDON (AFX) - UK small caps opened firmer with the wider market, recently weak Celoxica rebounding on the back of a soothing statement triggered by a stumbling share price, dealers said. The FTSE Small Cap index was 1.1 up at 3,386.5 by 9.15 am, while the FTSE 100 was 13.2 better at 5,913.6. Hard-pressed Celoxica Holdings staged a rally, rebounding 4 pence to 28-1/2, after the provider of elect ...

Asian stocks were flat to higher Friday afternoon as technology exporters including Sony Corp. and Tokyo Electron Ltd. drew strength from gains in U.S. markets and airlines advanced as an overnight dip in crude-oil prices raised hopes that fuel costs would fall. Stocks in Japan, South Korea, Singapore and Thailand posted gains. Australia declined while Hong Kong was flat. The advances were b ...

Sam Fleming, Daily Mail18 August 2006 ANGLO American is gearing up to appoint an outsider as its chief executive for the first time in its history, with a view to a possible mega-merger in the mining industry. WANT TO KNOW MORE? FTSE: Risers and fallers DATA: The mining sector OTHER STORIES Supermarkets in new price war Powergen inflicts bills misery Market Report: Friday 09.10 ...

Evening Standard18 August 2006 DIRECTORS of department stores chain House of Fraser are expected to clear the way today for a £350m takeover by a consortium led by Icelandic investment group Baugur. WANT TO KNOW MORE? DATA: House of Fraser shares OTHER STORIES Supermarkets in new price war Powergen inflicts bills misery Market Report: Friday 09.10 Sorrell lashes 'sick man ...