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FTSE up 0.6 pct as miners, oils bounce

Britain's top share index rose 0.6 percent in mid-session trade on Monday supported by gains from miners and oils after bullish economic data, which offset weaker defensive stocks.
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Oil rebounds above $77

Oil rose above $77 a barrel on Monday, retracing some of the previous session's 3.6 percent drop, as bullish manufacturing data from China helped to allay fears about the pace of the rebound in global energy demand.
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Daily Forecast - 11/01/2009

The Australian Dollar begins the new week sharply lower against the greenback at 0.8990. After a local session of range-trading on Friday which saw the Aussie move as high as 0.9174, volatility returned offshore as U.S consumer spending fell 0.5 per cent in September as economic stimulus starts to dry up. High yielding currencies came under selling pressure throughout the New York trading session as the data indicated that consumers will make a limited contribution to the recovery without govern...
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Cellphone market growth raises pricing fears

The global cellphone market is set to grow in the holiday sales-fueled October-to-December quarter, after four quarters of falls, raising fears of pricing battles, analysts said on Friday.
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European shares flat; banks gain, oils fall

European shares were little changed in midmorning trade on Friday after sharp gains in the previous session on data showing the U.S. had emerged from recession, with firmer banks offsetting weaker energy stocks.
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Daily Forecast - 30/10/2009

The Australian Dollar opens higher against the greenback today at 0.9140. The Aussie spent most of the local session beneath US90 cents yesterday but bounced back to life offshore after U.S. economic growth data came in higher than anticipated. The U.S. economy grew at a 3.5 per cent annual pace in the September quarter prompting a rally in stocks and commodities and a move by investors back into high-yielding currencies.
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FTSE slips as bank gains offset by weaker energy

Weakness in energy stocks, pulled lower by downbeat results from Royal Dutch Shell (RDSa.L), offset gains from banks and miners leaving Britain's FTSE 100 .FTSE off 0.3 percent by midsession on Thursday.
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Daily Forecast 29/10/2009

The Australian Dollar opens sharply lower this morning against the greenback at 0.8964 after yesterday's key inflation data.
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UK threatens Web access block in piracy fight

Britain is to push ahead with a law to clamp down on illegal file sharing, that would start with a series of warning letters and could result in repeat offenders losing their Internet connection.
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TCW buys stake in Centrica wind farms

Centrica Plc, owner of the British Gas brand, will sell a 50 percent stake in three wind farms to U.S. based TCW, signaling renewed investment interest in an industry where recession has crimped financing.
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Centrica windfarm deal shows new investor interest

Centrica Plc, owner of the British Gas brand, will sell a 50 percent stake in three wind farms to U.S. based TCW, signalling renewed investment interest in an industry where recession has crimped financing.
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Study says combined therapy helps head, neck cancer

Patients with non-operable head and neck cancers should be given chemo- and radiotherapy at the same time, as it more than doubles the time they live without the disease getting worse, British scientists said on Wednesday.
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Pulp not reuniting for Glastonbury fest

Britpop icons Pulp are not planning to reunite for Britain's Glastonbury music festival next June, despite reports that singer Jarvis Cocker had been in talks with the band, his spokesperson said Tuesday.
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Uighur film shunned due to fear over China-producer

International movie distributors have shunned a film on exiled Uighur activist Rebiya Kadeer, whom China condemns as a separatist, because they fear Beijing's wrath, the film's producer said on Tuesday.

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