Financial News

Tesco lasts shr options protest ( Reuters ) Fri 03 Jul, 11:14 PM
GLASGOW (Reuters) - Tesco, Britain's largest retailer, narrowly survived a big investor protest over changes to its management share option plan and more comfortably saw off complaints it should do more to help migrant workers.

Stanford victims file class action suit against insurers ( AFP ) Fri 03 Jul, 10:53 PM
Two US legal firms announced Friday that they have filed a class action suit against a London-based insurer on behalf of the Mexican victims of fraudulent financier Allen Stanford.

Latin America poised for quick exit from crisis: IADB ( AFP ) Fri 03 Jul, 09:40 PM
Latin America and the Caribbean are well placed to emerge from the storm buffeting much of the global economy, multilateral lenders said here on Friday.

Lula to call for solidarity with poor nations at G8 ( AFP ) Fri 03 Jul, 09:27 PM
Brazilian President Luiz Inacio Lula da Silva will call on wealthy nations to moderate their demands on poor countries during next week's G8 summit in Italy, a presidential spokesman said Friday.

G8 united in not shifting reserve currency ( Reuters ) Fri 03 Jul, 09:25 PM
(Reuters) - The Group of Eight leading industrialized nations are showing little enthusiasm for China's idea of questioning the dollar's status as the main global reserve currency, a G8 source involved in preparations for next week's G8 summit said on Friday.

UPDATE 1-Cosalt swings to H1 loss; scraps interim dividend ( AFP ) Fri 03 Jul, 08:57 AM
* H1 pretax loss 3.4 mln stg vs yr-ago profit 780,000 stg

Climate Exchange avg June ECX trade up 57 pct y/y ( AFP ) Fri 03 Jul, 08:12 AM
LONDON, July 3 (Reuters) - Average daily trading volumes on the European Climate Exchange (ECX) rose 57 percent in June versus a year earlier, operator Climate Exchange Plc (LSE: CLE.L - news) said on Friday.

BRIEF-Accsys Technologies FY net profit 5.4 mln eur vs 4.1 mln ( AFP ) Thu 02 Jul, 07:29 AM
LONDON, July 2 (Reuters) - Accsys Technologies Plc (LSE: AXS.L - news) :

TABLE-Auto industry U.S. June results by auto groups ( AFP ) Wed 01 Jul, 10:39 PM
July 1 (Reuters) - Following are U.S. sales and market shares of cars and light trucks listed by auto groups and their wholly owned subsidiaries for June versus the same year-earlier month and for the year-to-date.

U.S. light vehicle sales, market share for June ( AFP ) Wed 01 Jul, 10:32 PM
CHICAGO, July 1 (Reuters) - The following chart represents U.S. light vehicle sales totals, individual automaker results and market share for the month of June.

Friday tips round-up: Greene King, Game, Wellstream ( ShareCast ) Fri 03 Jul, 07:07 AM
Greene King, the pub operator and brewer, reckons it is in a much better position than many of its rivals. The group issued its full-year numbers yesterday, saying that profits fell by 15%, which beat most analysts' expectations and led to a 3% rise in the share price.

Thursday tips round-up: AstraZeneca, Morgan Sindall, Afren ( ShareCast ) Thu 02 Jul, 06:17 AM
Yesterday's failed blockbuster drug can be tomorrow's niche therapy. That would appear to be the prognosis from AstraZeneca, which yesterday won European marketing approval for Iressa, its once-a-day lung cancer pill.