State-backed and financial investors’ appetite for M&A, combined with divestments, will drive a recovery in mining and metals deal volumes and value in 2013, following a slow and patchy year for deals in 2012, according to Ernst & Young.
There was a boost for Japanese shares following the decision of G20 finance ministers not to single out Japan for criticism over the recent yen weakness.
Lower commodity prices and a writedown on a key iron ore project have seen Anglo American fall to a pre-tax loss in 2012.
The European Commission has adopted a proposal for a Financial Transactions Tax (FTT), which is expected to raise around €30-35billion a year.
Data released today (Thursday) shows that Manchester United reported a 74% rise in profits for the second half of 2012, on the back of rising revenues.
The Euro is now facing a reality test having rallied as fears of the sovereign debt crisis wane. However the structural issues in Europe will only come back to haunt the Euro in the months ahead as euphoria tends to be short-lived.
Rolls-Royce has reported a higher-than-expected rise in full-year profits.
General insurers saw around £19bn (25%) profit fall in 2011 from a pre crash 2007 industry high, according to PwC research.
Sterling fell across the board Wednesday after the Bank of England revised down its GDP growth expectations and revised up its inflation forecast. The Pound dropped to a fresh 6-month low against the US Dollar, and was close to the lowest level in fifteen months against the Euro after Governor King said the UK was set for a “slow but sustained recovery”.
The Supreme Court today (Wednesday) unanimously dismissed appeals by Digital Satellite Warranty Cover (DSWC), and Bernard Freeman and Michael Sullivan, trading as Satellite Services (Satellite).