Market Report: Afren continues slow descent into the world of penny stocks

Just how long can Afren survive? The troubled oil and gas explorer, which said at the start of the week that it was in dire need of a cash injection, continued its slow descent into the world of penny stocks yesterday, falling 0.5p to 4.2p as Oriel Securities slashed its target price from 38p to 2p.

Market Report: Asos boss pockets £20m through share sales

Could Asos boss Nick Robertson be in the market for a new wardrobe? The online fashion retailer announced, after markets closed last night, that its founder and chief executive has trousered £20m through the sale of 744,600 Asos shares. Mr Robertson, who set up the business in 2000, still controls an 8.39 per cent stake. Asos, whose shares fell 20p to 2,625p, declined to comment.

Market Report: Centrica is 'the only clear winner' in the gas market

Good news for British Gas customers – your bills might not go up for two years.

Market Report: Super Mario has delivered for investors

Super Mario has delivered for investors. The European Central Bank’s blockbuster bond-buying programme, announced by its President, Mario Draghi, on Thursday, helped spur the Footsie to its best week in three years –a rise of 4.3 per cent.

Market Report: Monitise's revenue growth fails to materialise

One of the UK’s brightest technology hopefuls could be heading for an ignominious end. Mobile payment specialist and former stock market darling Monitise, which runs banking apps for RBS and HSBC, warned yesterday that the 25 per cent revenue growth the City had pencilled in for 2014 has failed to materialise, with revenue likely to be flat at £90-£100m.

Market Report: Morgan Stanley raises prospect of cash return for Man Group's shareholders

Man Group’s shareholders could be about to get a $220m (£146m) surprise, as Morgan Stanley raised the prospect of a cash return yesterday. It hiked its target price for the hedge fund and said its management fees could be as much as 30 per cent higher than the City expects, thanks to the strong performance of its flagship AHL fund. The prospect of a pay-out helped spur Man Group to a near four-and-a-half year high, up 10.6p at 172.1p.

Market Report: Speculation rife about the future of O2

Who will buy O2? With BT, up 2.6p at 414.4p, set to snaffle up EE, speculation is rife about what will happen to rival network O2. Its Spanish owner, Telefonica, is said to be keen to exit the UK and reports at the weekend suggested Three’s owner, Hutchinson Whampoa, could be interested in merging the two. Yesterday Sky and TalkTalk were added to the list of potential suitors, with the Spanish press reporting that both were in discussions with Telefonica.

Market Report: Falling commodity prices leave investors out of pocket

Falling commodity prices may be great when it comes to filling up the car with petrol, but if you’re a stock market investor then they can leave you seriously out of pocket.

Market Report: Seplat approaches Afren about a possible merger

The City is getting excited about Afren. The bombed-out oil and gas explorer – which has struggled through a boardroom scandal and falling oil prices over the past year – revealed last month that it had received a “highly preliminary” approach from Nigeria’s Seplat about a possible merger.

Market Report: Standard Chartered falls to six-year low

Things aren’t getting any better for Standard Chartered.

Market Report: Troubled outlook for Kaz Minerals

Kazakhmys thought it had put its troubles behind it.

Market Report: General election is already making an impact on the Footsie

It looks as though it’s going to be a rocky few months for the City – we’re only two weeks into January, but already the upcoming general election is making an impact on the Footsie.

Market Report: A safe bet looks shaky

One of last year’s safest bets is starting to look shaky.

Market Report: Trouble in the skies?

What’s going on with Aer Lingus and British Airways-owner IAG?

Market Report: The City has technology on its mind

With the world’s biggest gadget show, CES, in full swing in Las Vegas, it’s perhaps no surprise that City scribblers have technology on their minds.

News
Video: Oscar Williams-Grut provides a run-down of the day's major news from the City
News
The profit margin on an iPhone 6 could be as high as 69 per cent
Soaring sales have given the tech giant its most lucrative trading quarter ever. Oscar Williams-Grut reports on the genesis of the world's favourite handset
News
The Athens Stock Exchange yesterday; the new Prime Minister, Alexis Tsipras, has pledged to avoid a clash with creditors
Whenever there is a political shock, you should beware of instant market reactions, says Hamish McRae
News
Oil prices are at a six-year low but could pick up, analysts say
Russia is in trouble, Greece's future hangs by a thread and oil is tanking. Yet could now be a good time to buy into these markets? asks Simon Read
News
Details of the iPhone 6 are expected to be revealed by Apple chief Tim Cook today in an event that kicks off at 6pm UK time
A closer look at Apple's first quarter results
News
Saudi Arabia’s oil production looks set to be overtaken by the United States within a couple of years. It may have already happened
Up to 80 per cent of shale reserves are uneconomic at prices below $80 a barrel, says Satyajit Das
News
Video: Alex Lawson provides a run-down of the day's major news from the City
News
However, consumers are still paying the same price
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