Editor's Picks
Premium broker round-up: Rio, BHP, RSA, Compass
Tuesday 08 Dec 2009
News that BHP Billiton and Rio Tinto have signed binding agreements covering how their iron ore joint venture will be governed has been welcomed by UBS.
Japan slashes third quarter growth figure
Tuesday 08 Dec 2009
Japan has stoked renewed fears over the state of the country’s economy by slashing its GDP growth figure for the third quarter to 1.3% from 4.8%.
Retail sales disappoint in November
Tuesday 08 Dec 2009
Shoppers remained cautious last month with like-for-like sales were well down on the previous month, the latest figures from the British Retail Consortium indicate.
Tesco like-for-like sales up 2.8%
Tuesday 08 Dec 2009
Supermarket giant Tesco saw strong sales in the third quarter as its Clubcard reward scheme helped it draw in customers and it continued to benefit from increasing non-food sales. UK like-for-like sales excluding petrol and VAT were up by 2.8%, in line with analyst expectations. New stores in the UK contributed 2.9% to growth, bringing total sales growth excluding petrol to 5.7%.
Treatt shrugs off sour citrus sales
Monday 07 Dec 2009
Essential oil markets may not set traders’ pulses racing in the same way as commodities such as gold and oil, but they are used in a surprisingly wide array of foods, drinks and personal products.
National Express offers Tube Lines boss top job
Monday 07 Dec 2009
Tube Lines confirmed that National Express has offered its chief executive the equivalent role at the rail and bus operator.
Character says popular Go Go Hamster is safe
Monday 07 Dec 2009
Character Group, the UK distributor of Go Go Pets, has insisted that this year’s must have Christmas toy is safe.
Darling mulls 'supertax' on bonuses
Monday 07 Dec 2009
Chancellor Alistair Darling may introduce a bonus tax in his pre-Budget speech on Wednesday specifically aimed at the huge payouts being mooted by the UK’s banks, reports today suggested. The chancellor is said to be considering an upper income tax band of 60-70% for people earning over £500k in addition to the already announced plan for a 50% tax rate if you earn over £150k
Make the most of your holiday money
Friday 04 Dec 2009
Exchange rates and the best ways to pay abroad might not be at the forefront of your mind when you are planning your winter holidays, but there are a number of things you can do to save yourself some money.
SSE blasts Ofgem proposals
Friday 04 Dec 2009
Electricity bills will rise by more than expected after regulator Ofgem gave the industry some respite in its final price review for the five years starting next April.
Hot money follows Gulf Keystone to Kurdistan
Friday 04 Dec 2009
Oil companies are swarming all over the Kurdistan region of northern Iraq, keen to exploit its huge reserves, but political tensions have put a brake on production and look unlikely to be resolved until well into next year. The value of public companies active in Kurdistan has increased by $40bn, or 40%, since February to $200bn. And they’re having some success.
Darling has tough balancing act
Friday 04 Dec 2009
Alistair Darling will have to give the pre-Budget speech of his life next week if he is to balance the needs of his party for a pre-election boost against concern the UK’s finances are spiralling rapidly out of control.
Lloyds sparks fresh row over bonuses
Friday 04 Dec 2009
Gordon Brown hopes that a promise to Royal Bank of Scotland that it won’t be singled out for tough treatment on pay will prevent high level resignations, but a new row at Lloyds threatens to fuel the debate on bonuses. It emerged last night that 200 bright lights at part-nationalised lender Lloyds Banking Group are in line for one-off payments worth as much as 80% of their annual salaries
Berkeley profits slide
Friday 04 Dec 2009
Fewer sales and lower prices sent profits at London and south-east focused housebuilder Berkeley tumbling in the latest six months.
Smart meter suppliers eye global opportunity
Friday 04 Dec 2009
Smart metering seems to have been talked about for years yet progress has been slow. Smart meters are coming, though, and AIM-quoted smart meter supplier and installer Bglobal is well-placed to take advantage of this roll out.
Marston's raises a glass to managed pubs
Thursday 03 Dec 2009
Pub group Marston’s has been no stranger to the tough conditions experienced by the broader sector over the past couple of years, but thinks it has come up with the right formula to cope with the austere new circumstances.
Labour politicians wade into RBS bonus row
Thursday 03 Dec 2009
Government ministers are seemingly at odds with each other in the widening row of the size of the bonuses to be paid to Royal Bank of Scotland's investment bank staff. A number of ministers waded into the dispute today after reports that bosses at the state-owned bank could resign if the Treasury starts interfering directly with the £1.5bn bonus pot available to staff at the bank’s investment arm.
Darling risks RBS exodus over bonuses
Thursday 03 Dec 2009
Bosses at state-owned Royal Bank of Scotland could resign if the Treasury starts interfering with the £1.5bn bonus pot available to staff at the bank’s investment arm.
Xstrata to spend £325m on Ernest Henry mine
Thursday 03 Dec 2009
Xstrata has approved a US$542m (£325m) investment to extend the life of its Ernest Henry Mining (EHM) copper-gold deposit near Cloncurry in north-west Queensland, Australia, to at least 2024.
Kingfisher sees quarterly profit jump
Thursday 03 Dec 2009
DIY group Kingfisher reported a 2.4% rise in sales and sharply higher profits in the third quarter thanks to the strong performance of its B&Q brand in the UK and Poland. Sales in the 13 weeks ended 31 October came to £2.69bn, up 5.6% on a reported basis and up 2.4% in constant currencies. Like-for-like sales have increased by 0.8%, while retail profit jumped by 23.4% to £277m.
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