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  • Taylor Wimpey losses widen

    Wednesday 03 Mar 2010

    Housebuilder Taylor Wimpey said full year pre-tax losses widened but said the first two months of the year had started strongly and it was well positioned to increase profitability as markets recover.

  • Standard Chartered hits another record

    Wednesday 03 Mar 2010

    Asia-focused bank Standard Chartered said it has decided to pay its executives bonuses after another record year in 2009, with income and profits slightly above market forecasts.

  • ITV cautious despite ad recovery

    Wednesday 03 Mar 2010

    ITV remains cautious despite returning to profit last year and keeping adjusted profit steady, as a marked bounce-back in advertising spend in early 2010 is flattered by weak comparatives. Pre-tax profit for the 12 months to 31 December was £25m against a £2.7bn loss the previous year. TV ad revenue fell 9%, but that's ahead of the total market and the first quarter of 2010 is thought to be up 7%

  • BP to boost profitability by £3bn

    Tuesday 02 Mar 2010

    Oil giant BP has unveiled a plan it says will reduce costs and increase production, boosting profitability by more than £3bn over the next two to three years.

  • Admiral enjoys record year as premiums rise

    Tuesday 02 Mar 2010

    Motor insurer Admiral reported record profits and sales in 2009, but cautioned conditions will remain challenging for its price comparison site Confused in 2010 as competition increases.

  • Picture still bright for Pace

    Tuesday 02 Mar 2010

    The economic crisis of the last couple of years has altered many lifestyle trends, but some of these are simply too strong to abate just because consumers have had to tighten their belts a little.

  • Red Knights plan Man Utd buy

    Tuesday 02 Mar 2010

    A group of City financiers, including Sir Alex Ferguson’s pal Jim O’Neill, are preparing a billion pound takeover of Manchester United, according to reports. It’s understood the “Red Knights” have already met to discuss how they’ll convince the Glazer family, United’s current owners, to sell. Fans of the Carling Cup winners have grown increasingly vocal in their disapproval of the Americans

  • Persimmon in strong position for 2010

    Tuesday 02 Mar 2010

    Persimmon completed 8,976 house sales last year and the housebuilder has seen a 7% increase in sales and steady prices since the start of this year.

  • Blacks scraps cash call as Sports Direct mulls bid

    Tuesday 02 Mar 2010

    Sportswear retailer Blacks Leisure has scrapped its planned £20.3m fund raising after rival and 28.5% shareholder Sports Direct indicated it might make a bid. Blacks had already postponed a meeting to vote on the cash call after Sports Direct, which is run by Newcastle United owner Mike Ashley, stated it would vote against the plan

  • Goals Soccer still hitting the target

    Monday 01 Mar 2010

    For a company that provides a service that most would see as discretionary, Goals Soccer has fared well during the downturn.

  • Hung parliament worries hit sterling

    Monday 01 Mar 2010

    Sterling hit a nine and a half month low against the US dollar Monday amid fears that an indecisive election result could delay measures to address the UK’s parlous deficit.

  • Mortgage approvals fall in January

    Monday 01 Mar 2010

    There was mixed data on the mortgage lending front Monday, with the number of loan approvals for house purchases in January falling from December, but the total amount of lending rising.

  • UK manufacturers keep recovery on track

    Monday 01 Mar 2010

    Britain’s manufacturing industry appears to be enjoying a strong first quarter as data revealed growth remained steady at a 15-year high in February.

  • HSBC profits below par

    Monday 01 Mar 2010

    Global banking giant HSBC reported pre-tax profits close to market forecasts in 2009 as loan impairment charges stabilised in many of the worst affected markets in the second half.

  • Premium broker tips: Deal doubts slam Pru

    Monday 01 Mar 2010

    Prudential shares were suspended this morning after the insurer admitted it is in discussions with AIG about buying the troubled American giant’s Asian business (AIA).

  • Pearson takes market share

    Friday 26 Feb 2010

    Educational and financial information publisher Pearson bumped up sales and profits in 2009 helped by favourable exchange rate movements.

  • Best ISA deals

    Friday 26 Feb 2010

    With the ISA season well under way, savers who want to make the most of their hard earned cash should now start looking for the best deals before the April 5 deadline.

  • 'Escape the City' targets disillusioned bankers

    Friday 26 Feb 2010

    It is easy to see why many young people are disillusioned with their existence as investment banker, corporate lawyer or accountant.

  • Premium broker tips: Goldman calls time on drug sell-off

    Friday 26 Feb 2010

    Companies covered today include: GlaxoSmithKline, AstraZeneca, DS Smith, GKN, BAE Systems, British American Tobacco

  • Prudential and AIG agree $35.5bn Asian deal

    Friday 26 Feb 2010

    Shares in Prudential slumped as the UK life insurer confirmed it has agreed a deal to buy troubled US life group AIG's Asian business for $35.5bn. The acquisition will be funded by a $20bn rights issue, the largest ever seen in the UK. Prudential will also issue $5bn of senior debt. The terms of the issue will be announced with the prospectus, likely to be in April or May.

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