Toby Green

Toby Green works on the Business Desk of the Evening Standard and The Independent.

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Market Report: Cold water poured on Pennon bid talk

Bullish comments from "Super Mario" may have seen the Footsie gush higher yesterday, but not everyone managed to stay afloat. Pennon was one of the nine blue-chip stocks to finish in the red after a bucket of cold water was poured over the utility's takeover hopes.

Market Report: Tate sees sweet side of drought in the US

What farmers in the States would give for the rain we have seen this summer. The country is suffering from its worst drought since the 1950s, which has been ruining crops and pushing up corn prices to record highs.

Market Report: Sunshine brings a ray of hope to City

There has certainly been no shortage of companies willing to blame the recent miserable weather for disappointing updates. However, with summer looking as if it may finally be here, City types were yesterday working out which stocks could get a boost from a sustained period of sunshine.

Market Report: Stagecoach speeds up on rail deal hope

As eurozone worries hit markets again yesterday, stocks across the City were forced into reverse. One company attempting to drive the other way, however, was Stagecoach amid optimism it could be in for a winning August.

Market Report: Resolution's payout freeze chills shares

There is not much worse than being promised something before it is cruelly snatched away. That's the situation in which unimpressed investors in Resolution found themselves yesterday after the insurance conglomerate cancelled a £250m handout.

Market Report: Vodafone has to wait for US payout

It has been almost 12 months since Vodafone learnt that, after six dry years, it would finally be getting a dividend from its US joint venture Verizon Wireless, and the market is impatient for more. Yesterday, however, investors were having to come to terms with the fact that they will have to wait a little bit longer to find out whether the next chunk of cash is on its way.

Market Report: Political paralysis puts a drag on Drax

Punters in Drax will be forgiven for wishing politicians would just get their act together. The power station operator has been waiting on tenterhooks for the government to make a decision on green energy subsidies, seen as vital to its future plans and, according to some, its takeover potential.

Market Report: Bad news gives oil explorers a battering

It was not a good day for the oil explorers, large and small. While a failure in the Falklands saw Aim-listed minnow Borders & Southern drop 70 per cent yesterday, blue-chip giant Tullow Oil was another knocked back by drilling disappointment.

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