(Bloomberg) -- The following stocks may rise or fall in U.K. and Irish markets today. Stock symbols are in parentheses and prices are from yesterday's market close.
The benchmark FTSE 100 Index rose 7.5, or 0.1 percent, to 6469.4 in London. The FTSE All-Share Index gained 5.15, or 0.2 percent, to 3364.52.
Read more at Bloomberg Stocks News
Thursday, April 26, 2007
U.K. Pound Set for Weekly Decline as Investors Adjust to Rate Expectations
(Bloomberg) -- The pound is set for a weekly decline against the dollar on speculation the currency's recent rally already reflects prospects that the Bank of England will raise interest rates twice more this year to ward off inflation.
The pound last week soared to a 26-year high, breaching the $2 level, as traders increased bets the central bank will lift the benchmark rate twice more this year after inflation breached its target by more than a percentage point. The bank has indicated it expects the pace of price increases to moderate toward the year end, which may limit the scope for higher borrowing costs.
Read more at Bloomberg Currencies News
The pound last week soared to a 26-year high, breaching the $2 level, as traders increased bets the central bank will lift the benchmark rate twice more this year after inflation breached its target by more than a percentage point. The bank has indicated it expects the pace of price increases to moderate toward the year end, which may limit the scope for higher borrowing costs.
Read more at Bloomberg Currencies News
UPDATE 1-Sulzer says makes $2.2 bln offer for Bodycote
(Reuters) - Sulzer said it had made the final offer of 344.5 pence per Bodycote share which a 9 percent premium over Thursday's closing price of 315 pence.
Bodycote had rejected a previous offer from Sulzer of 332 pence per Bodycote share as unwelcome and too low.
Read more at Reuters.com Mergers News
Bodycote had rejected a previous offer from Sulzer of 332 pence per Bodycote share as unwelcome and too low.
Read more at Reuters.com Mergers News
U.S. Economy Probably Grew Last Quarter at Weakest Pace in Year on Housing
(Bloomberg) -- Shares of Microsoft Corp. rose after the world's biggest software maker said third-quarter earnings jumped 65 percent and forecast sales that may exceed analysts estimates for the next fiscal year.
The stock advanced as much as 5.2 percent to $30.60 in late trading yesterday after gaining 11 cents to $29.10 on the Nasdaq Stock Market.
Read more at Bloomberg Stocks News
The stock advanced as much as 5.2 percent to $30.60 in late trading yesterday after gaining 11 cents to $29.10 on the Nasdaq Stock Market.
Read more at Bloomberg Stocks News
Barclays may face SEC action over debt trading
(Reuters) - A separate lawsuit filed against the bank in March by a former employee alleges that Barclays' U.S. distressed debt desk, which deals in bankrupt company bonds, traded debt after "potentially gaining nonpublic information" through bankruptcy creditor committees.
The suit was filed in March by former Barclays analyst Michael Econn in the Manhattan federal court. Econn is seeking damages for alleged discrimination by Barclays because of his assistance of the SEC.
Read more at Reuters.com Business News
The suit was filed in March by former Barclays analyst Michael Econn in the Manhattan federal court. Econn is seeking damages for alleged discrimination by Barclays because of his assistance of the SEC.
Read more at Reuters.com Business News
UPDATE 1-Barclays may face SEC action over debt trading
(Reuters) - The Securities and Exchange Commission investigation looks into trading activity between 2002 and 2003 by a proprietary trading desk at Barclays, the bank said in a March SEC filing.
A separate lawsuit filed against the bank in March by a former employee alleges that Barclays' U.S. distressed debt desk, which deals in bankrupt company bonds, traded debt after "potentially gaining nonpublic information" through bankruptcy creditor committees.
Read more at Reuters.com Bonds News
A separate lawsuit filed against the bank in March by a former employee alleges that Barclays' U.S. distressed debt desk, which deals in bankrupt company bonds, traded debt after "potentially gaining nonpublic information" through bankruptcy creditor committees.
Read more at Reuters.com Bonds News
U.S. Economic Growth Probably Slowed Last Quarter on Housing, Investment
(Bloomberg) -- The U.S. economy grew in the first quarter at the slowest pace in more than a year, hobbled by flagging investment in business equipment and home construction, economists said before a government report today.
The projected 1.8 percent increase at an annual rate in gross domestic product, the sum of all goods and services produced, is the median estimate of 82 economists surveyed by Bloomberg News and follows a 2.5 percent gain in the fourth quarter. The growth rate would be the weakest since the last three months of 2005.
Read more at Bloomberg Bonds News
The projected 1.8 percent increase at an annual rate in gross domestic product, the sum of all goods and services produced, is the median estimate of 82 economists surveyed by Bloomberg News and follows a 2.5 percent gain in the fourth quarter. The growth rate would be the weakest since the last three months of 2005.
Read more at Bloomberg Bonds News
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