Heavy storms that have flooded around 6,000 U.K. homes could knock more than 1 percent off economic growth, a U.K. economist told CNBC on Monday.» Read More
*India's cabinet is set approve bills that would raise the cap on foreign direct investment in insurance firms and open the pension sector to foreign investors, a minister said on Wednesday. *India's central bank governor Duvvuri Subbarao and other officials part of the board meeting in the Union Territory of Puducherry at 0730 GMT.
LONDON/ MUMBAI Oct 3- BG Group said it agreed to sell its majority stake in western India- based Gujarat Gas for $470 million to a unit owned by India's state-run Gujarat State Petroleum Corp, as part of the British oil firm's disposal programme.
LONDON, Oct 3- BG Group:. *Agreement reached for $470 M sale of ggcl stake. *Agreement reached for $470 M sale of ggcl stake.
*Banks lower as UBS cuts ratings. *Babcock climbs after strong first-half. LONDON, Oct 2- Britain's top share index continued its choppy trend and was pulled marginally lower on Tuesday, as weakness in banks and miners overpowered results-related gains for companies such as Babcock and Tesco.
"In Europe we particularly like Royal Dutch Shell and BG Group and for very different reasons we see Royal Dutch Shell as a company that very much benefits from the oil price environment they have good growth in the near term whereas BG is what I would consider the premier growth company in Europe," Jason Gammel, head of European oil and gas research at Macquarie Group, told CNBC.
I am in the middle of reading a book from 2008 that more or less "predicted" the unrest that we're now witnessing in the Middle East and North Africa.
Companies with operations in Egypt are doing their best to maintain business as usual, with varying results.
Twice each year, Standard and Poor's runs a stock screen, designed to find stocks that Warren Buffett might find attractive based on his general investment philosophy. The new list has just been released. Guess what well-known name is missing this time around. (Pay no attention to the picture on the left.)
Standard and Poor's has just released the results of its twice-a-year stock screen, designed to find Warren Buffett-style stocks. The new list features several tech stocks, including Apple, as well as a number of names from Europe and Asia. But some key Buffett criteria aren't taken into account by the screen.