Tom Frew

Bank of Scotland research reports PMI grows by two points. The second quarter started brightly for private sector firms north of the border, with latest PMI data from Bank of Scotland showing faster increases in both business activity and new work. Companies responded by creating more jobs, with employment rising at the fastest pace in […]

Ratings agency Fitch keeps country on Negative Outlook Fitch Ratings has affirmed Japan’s Long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘A+’ with a Negative Outlook. In a statement the agency said that the affirmation of Japan’s sovereign ratings “in part reflects the greater commitment of the Bank of Japan and government to […]

Whilst inflation is set to fall economic recovery remains “weak”. The outgoing governor of the Bank of England, Sir Mervyn King, has argued that the UK will reach its target of 2% inflation within two years, an improvement on the predicted 2.4% inflation level predicted in February. Announcing the Bank’s latest inflation report Sir Mervyn […]

Contracts due to be signed in August. BP and partners Total, Petrobras and Petrogal were yesterday named winning bidders for eight deepwater blocks offshore Brazil in the Brazilian National Petroleum Agency’s (ANP’s) 11th bid round. BP will be operator in two of the blocks. The companies have committed to explore concession blocks FZA-M-57, FZA-M-59, FZA-M-86, […]

Up by 0.9% in EU27 In March 2013 compared with February 2013, seasonally adjusted industrial production grew by 1.0% in the euro area (EA17) and by 0.9% in the EU27, according to estimates released by Eurostat, the statistical office of the European Union. In February3 production increased by 0.3% in both zones. Additionally, in March […]

The upgrade of Greece’s sovereign ratings by one notch to ‘B-‘. Fitch Ratings has upgraded Greece’s Long-term foreign and local currency IDRs to ‘B-‘ from ‘CCC’. The Short-term foreign currency IDR has also been upgraded to ‘B’ from ‘C’ and the Country Ceiling upgraded to ‘B’ from ‘B-‘. The Outlook...

Cyan Celebrates Initial Public Offering and First Day of Trading on the New York Stock Exchange Petaluma, Cailf.-based Cyan, a global supplier of software defined networking (SDN) solutions, opened for trading today on the New York Stock Exchange under the ticker symbol “CYNI” after its initial public offering. Barclays is the Designated Market Maker (DMM) […]

Began trading on May 9 Research Triangle Parkbased Quintiles, a leading global provider of biopharmaceutical development and commercial outsourcing services, visited the New York Stock Exchange to celebrate the company’s initial public offering. Quintiles began trading on the NYSE on Thursday, May 9, under the ticker symbol “Q”. Barclays is the Designated Market Maker (DMM) […]

Current Accounts to be backed by the exchange listed Bank of Ireland The Post Office has launched three new current accounts it argues offers “customers choice, good value, fair and transparent products with no hidden charges and access to the largest branch network in the UK”. The introduction of the Post Office current account, in […]

British Gas owners cite “result of the unusual period of extended cold weather” Centrica have argued that “as a result of the unusual period of extended cold weather, average residential gas consumption was 18% higher in the first four months of 2013 than in the same period in 2012”. Announced in the company’s Interim Management […]