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UPDATE: Asian Share-market Honeymoon's Over, But Some Spark Left ...
26 May 2006 source: morningstar.com

HONG KONG (Dow Jones) -- Investors in Asia have been coldly awakened by the retreat in regional share markets, but is the honeymoon really over just yet? "In recent quarters quite a lot of naive money has flowed into the region, premised on the prospect of great economic growth in China and India, without paying much attention to what's being paid for the equities," said Stewart Paterson, a res ...


Star manager's top share tips
26 May 2006 source: thisismoney.co.uk

Michael Clarke, This is Money26 May 2006 ANTHONY Bolton has forged a reputation as one of the UK's greatest ever stock pickers over his 27-year career as manager of Fidelity's Special Situations fund. STAR MANAGER: Bolton has looked after Fidelity's Special Situations for past 27 years WANT TO KNOW MORE? READER SERVICE: Share dealing ADVICE & TIPS: Investing FUNDS: How is yours performing? CHAT: Discuss stocks and shares POLL: The FTSE 100 has fallen nearly 500 points si ...


Blow for Sanctuary as chief is ousted
26 May 2006 source: thisismoney.co.uk

James Rossiter, Evening Standard26 May 2006 SANCTUARY, the Iron Maiden-to-Beyoncè music group, was plunged into fresh turmoil today as its new chairman ousted chief executive and co-founder Andy Taylor, pictured, over 'fundamental errors' in its accounts. WANT TO KNOW MORE? DATA: Sanctuary share data READER SERVICE: Share dealing OTHER STORIES Robot targets eBay tax dodgers W ...


Music group Sanctuary sacks CEO over finances
26 May 2006 source: today.reuters.co.uk

LONDON (Reuters) - Sanctuary, (SGP.L: Quote, Profile, Research) the world's biggest independent music company, has sacked Chief Executive Andy Taylor for his handling of financial accounts, after a tumultuous year that sent its shares crashing. "The board's decision to remove Mr. Taylor followed their conclusion that certain of the prior year adjustments made in the 2005 accounts should have bee ...


FTSE surges as fears over US inflation ease
26 May 2006 source: manchesteronline.co.uk

A STRONG performance for markets overnight translated into early gains for share prices in London today. With Wall Street's Dow Jones Industrial Average bagging a 93.7 point gain, markets in Tokyo, Hong Kong and Australia also moved ahead. Benefiting from better economic signals on inflation, the FTSE 100 Index jumped 69.7 points as trading opened in London before settling 47.9 points highe ...


Putin attempts to ease EU concerns over energy
26 May 2006 source: ft.com

Vladimir Putin, Russian president, on Thursday tried to reduce tensions between Russia and the European Union over energy, insisting Russia “was, is and always will be” a reliable supplier to Europe. // But he warned that any opening of Russia’s own energy market – including opening its gas pipeline monopoly to independent producers, as the EU is pressing for – had to be matched by European countries giving Russian companies access to their energy infrastructure. Officials at an EU-Russia summ ...


Steel brings shine back to FTSE __
26 May 2006 source: today.reuters.co.uk

By Louise Heavens LONDON (Reuters) - A continued rally by mining companies such as Kazakhmys (KAZ.L: Quote, Profile, Research) pushed stocks higher on Friday, with steelmaker Corus (CS.L: Quote, Profile, Research) the top gainer gained on hopes for sector consolidation after Arcelor announced plans to buy Russian rival Severstal. Shares in Corus rose 4 percent to 387 pence, lifted by the fact that the Arcelor deal values it 44 euros per share, a premium to the 35.62 euros value of the cash a ...


Aegis opposes Bollore board nominees
26 May 2006 source: today.reuters.co.uk

LONDON (Reuters) - Media buying company Aegis Group Plc urged shareholders on Friday to vote against the nominations of board members put forward by French financier Vincent Bollore, its biggest shareholder. "Any nominee put forward by Groupe Bollore has an overriding conflict of interest that makes them unsuitable to act as a director of Aegis," the company said in a statement. Bollore, whose h ...


Steel stocks help FTSE to shine
26 May 2006 source: today.reuters.co.uk

By Louise Heavens LONDON (Reuters) - A continued rally by mining companies such as Kazakhmys (KAZ.L: Quote, Profile, Research) pushed the FTSE 100 higher on Friday, with steelmaker Corus (CS.L: Quote, Profile, Research) the top gainer gained on hopes for sector consolidation after Arcelor announced plans to buy Russian rival Severstal. Shares in Corus rose 4 percent to 387 pence, lifted by the fact that the Arcelor deal values it 44 euros per share, a premium to the 35.62 euros value of the  ...


BHP agrees iron ore price rise
26 May 2006 source: today.reuters.co.uk

LONDON (Reuters) - Global miner BHP Billiton said on Friday a number of European, Japanese and Korean steel customers had agreed a 19 percent rise in iron ore prices for 2006. The rise matches gains won by larger rivals CVRD and Rio Tinto. Earlier this week, BHP chief executive Chip Goodyear said the company would make a statement once it had settled with its major customers. During the past few days CVRD has settled prices for iron ore fines and blast furnace pellets with the world's major st ...


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