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  • Mandelson and Opel boss to discuss Vauxhall future

    Tuesday 17 Nov 2009

    General Motors' head of operations in Europe will today meet with Lord Mandelson and Unite union to discuss Vauxhall’s future.

  • Cable & Wireless to split by March

    Tuesday 17 Nov 2009

    Telephone giant Cable & Wireless is to demerge into two separately listed companies by next March and will raise £200m through a convertible bond issue to help fund the split.

  • Queen's speech targets City

    Tuesday 17 Nov 2009

    A range of new legislation affecting the City were among plans announced in the Queen's Speech today. With less than seven months before the general election, proposed laws include new powers for the Financial Services Authority (FSA) and plans to cut government debt. The long-awaited Financial Services Bill calls for a new Council for Financial Stability and would give the FSA authority

  • Barratt expects prices to rise 8-10% this year

    Monday 16 Nov 2009

    Housebuilder Barratt has confirmed the improvement in the UK housing market and forecasts its prices will have risen by up to 10% over the year helped by a higher proportion of houses in its sales mix.

  • GM to pay back bailout money early

    Monday 16 Nov 2009

    US car giant General Motors (GM) will begin paying back $6.7bn (£4bn) of US government loans by the end of this year, much earlier than expected.

  • Banks face new bonus crackdown

    Monday 16 Nov 2009

    Plans to be set out in the Queen's Speech this week are expected to give the Financial Services Authority (FSA) powers to outlaw big bank bonuses.

  • BA staff begin strike vote

    Monday 16 Nov 2009

    Travellers hoping to fly British Airways this Christmas face massive disruption as cabin crews start to vote on whether to walk out in a row over new working practices.

  • easyJet FY profit drops 50%

    Monday 16 Nov 2009

    Budget airline easyJet said full year pre-tax profit halved after it was hit by higher fuel costs. For the year ended 30 September 2009 pre-tax profit fell to £54.7m from £110.2m the year before. Total revenue during the period increased 12.9% to £2.7bn. Total revenue per seat was up 10.9% or 4.1% at constant currency

  • Gold hits new high

    Monday 16 Nov 2009

    Gold prices have once again hit record levels as investors seek refuge from continuing falls in the dollar.

  • Cash to go as Domino's hands back £19m

    Monday 16 Nov 2009

    Domino's Pizza is to return £19m cash that is surplus to requirement back to shareholders though a tender offer for 6m shares at 317p.

  • Waitrose benefits from M&S ads

    Friday 13 Nov 2009

    Waitrose-owner John Lewis has thanked Marks & Spencer for helping sales growth at the posh supermarket hit its highest since 2006.

  • Sierra Leone lawmakers protect country's riches

    Friday 13 Nov 2009

    The government of Sierra Leone is proposing reforms to domestic mining laws in what is set to be the most significant piece of mining legislation in the country since the civil war ended in 2002.

  • Consumers simmer over gas firms' profits

    Friday 13 Nov 2009

    Writing company statements must be tricky for gas suppliers. How can they impress investors with soaring profits without attracting furious headlines about lining their pockets at the expense of hard-pressed householders?

  • BA staff begin strike vote

    Friday 13 Nov 2009

    Travellers hoping to fly British Airways this Christmas face disruption as cabin crew start to vote on whether to walk out in a row over new working practices. The Unite union today issued ballot papers to its more than 12,000-strong cabin crew membership within the airline on the same day BA imposes changes on in-flight crews. Results are due on 14 December and staff could strike a week later

  • British Airways agrees Iberia merger deal

    Thursday 12 Nov 2009

    British Airways has agreed a merger with Spanish airline Iberia after nearly a year and a half of talks.

  • BT hikes cost-cut target

    Thursday 12 Nov 2009

    Telecoms giant BT has reported second quarter revenue in line with expectations and thinks it can cut costs by at least £1.5bn this year versus its old target of over £1bn. The company also predicts the decline in full-year revenue before one-off items will be 3-4%, slightly less than the 4-5% forecast previously. Profit slumped 44% to £275m, but by 6% after adjustments

  • International Power's outlook improves

    Wednesday 11 Nov 2009

    International Power has upgraded its outlook for the year, predicting earnings to be “broadly” in line with 2008 rather than the loss it forecast in August.

  • Odds against record year for Footsie

    Wednesday 11 Nov 2009

    The FTSE 100 briefly hit a new intra-day high for the year on Wednesday morning, poking its head above 5,300, but it is still some way off from recording the best ever annual gain in the index’s 26-year history.

  • Sainsbury's still in the fight

    Wednesday 11 Nov 2009

    For many shoppers, the choice among the big four supermarkets is about as exciting as selecting which socks to wear in the morning, but the companies themselves view things differently.

  • Winkworth sets up home on AIM

    Wednesday 11 Nov 2009

    Upmarket estate agent Winkworth floated on London’s AIM market Thursday, raising £1.1m in the process to value the business at just over £9m.

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