Archive for June, 2011

George Papandreou promotes key political rival – Evangelos Venizelos – as Greek economy teeters on brink

Angela Merkel admits defeat in struggle to extract money from private sector towards European Union rescue package

If it’s Friday there must be a bout of takeover speculation, and the latest supposed target is IT group Sage.

Leading shares are heading lower again as the uncertainty over a possible Greek default, and the knock-on effect on other struggling Eurozone countries such as Portugal and Spain, continued

Three directors, including the chairman, leaving a FTSE 100 company does not indicate serious upheaval

Miners are leading the way lower as investors shy away from risk, as worries of a Greek default grow by the day

Greek prime minister fails to form unity government as police battle rioters in Athens and shares tumble over default fears

Athens riots and government collapse causes oil prices to drop by $2 a barrel and Dow Jones and other indices to plunge

On another volatile day for investors Vodafone was one of a handful to companies to buck a falling trend after the mobile phone group announced it would shortly start a £4bn share buy back programme

A sell-off in the mining sector after disappointing Chinese data and a slump on Wall Street helped send leading shares tumbling