Editor's Picks
Halifax says house prices rise another 1.2%
Tuesday 03 Nov 2009
House prices increased in October for the fourth month in a row, and are now 7.1% higher than where they were at their low point six months ago.
UK construction activity weakens
Tuesday 03 Nov 2009
British construction activity continued to fall in October, a purchasing managers survey showed on Tuesday.
AB Foods reveals 4% rise in year profit
Tuesday 03 Nov 2009
Primark owner Associated British Foods reported a 4% rise in full year adjusted pre-tax profit and added it was confident of progress for the year ahead.
RBS and Lloyds ditch bonuses for government cash
Tuesday 03 Nov 2009
Royal Bank of Scotland (RBS) and Lloyds Banking Group have agreed to defer bonuses for this year and break up their businesses in return for tens of billions of pounds of extra state aid. Neither bank will pay discretionary cash bonuses for 2009 to any staff earning above £39,000, while both boards say they’ll defer all bonuses payments due for 2009 until 2012
Aviva to pocket a billion from Delta Lloyd sale
Tuesday 03 Nov 2009
Insurer Aviva said shares in its Dutch financial services subsidiary Delta Lloyd have been sold at €16 each.
No dividends as RBS signs up to toxic scheme
Tuesday 03 Nov 2009
Royal Bank of Scotland will not be allowed to pay dividends for the next two years and have to divest its insurance arm and a raft of other businesses to meet European rules after agreeing to join the UK government's asset protection (APS) scheme. To comply with EC State Aid requirements, it has also agreed to divest the RBS branch network in England and Wales
Cash makes Bglobal smarter
Monday 02 Nov 2009
Installing smart meters requires cash and until recently that was in short supply at Bglobal. There is plenty of demand for the smart meter supplier and installer’s products but the loss of a finance provider last October meant that Bglobal’s progress was slower than it would have liked.
BA faces Christmas strike
Monday 02 Nov 2009
British Airways passengers face the threat of mass disruption over Christmas as it emerged that the result of a strike ballot will be announced on 14 December.
RBS has to sell to join APS scheme
Monday 02 Nov 2009
Royal Bank of Scotland has confirmed it may have to sell significant chunks of its business as a result of its participation in the government's toxic loan insurance scheme (APS).
iPhone goes Orange on 10 November
Monday 02 Nov 2009
Mobile phone network operator Orange has confirmed it is to start selling iPhones in the UK from 10 November, thereby ending O2’s exclusive hold on the UK market for the wildly successful Apple smartphone. The two network providers are not about to engage in a price war this side of Christmas, however, and offer broadly comparable tariffs.
iPhone goes Orange on 10 November
Monday 02 Nov 2009
Mobile phone network operator Orange has confirmed it is to start selling iPhones in the UK from 10 November, thereby ending O2’s exclusive hold on the UK market for the wildly successful Apple smartphone. The two network providers are not about to engage in a price war this side of Christmas, however, and offer broadly comparable tariffs.
Ford makes almost $1bn in Q3
Monday 02 Nov 2009
There was surprise on Wall Street Monday when motor giant Ford reported a profit of nearly $1bn (£611m) for the third quarter.
Consumer confidence highest in 1½ years
Monday 02 Nov 2009
Consumer confidence is at its highest in 18 months, although many still fear for their jobs, a new report has revealed.
House prices up for third month
Monday 02 Nov 2009
House prices rose for the third month in a row in October, up 0.2%, narrowing the annual decline to 4.2%, according to figures from Hometrack published Monday.
Ryanair issues Boeing deadline
Friday 30 Oct 2009
Irish budget airline Ryanair warned that it may cancel existing orders if it does not agree a deal on new aircraft from Boeing as it reported an 80% increase in half year net profits.
Hottest toys won’t break the bank this Christmas
Friday 30 Oct 2009
Parents won’t have to win the lottery to pay for their children’s Christmas presents this year as toymakers flood the shelves with affordable games and gizmos.
Shire shares shine
Friday 30 Oct 2009
Losing the sole right to market a drug is always painful for pharmaceutical companies, but for Shire, which saw sales of one of its hyperactivity treatments slump after losing exclusivity, the pill was sweetened by soaring sales of another.
RBS has to sell to join APS scheme
Friday 30 Oct 2009
Royal Bank of Scotland has confirmed it may have to sell significant chunks of its business as a result of its participation in the government's toxic loan insurance scheme (APS). The bank confirmed it is close to agreement about the terms of it joining the asset protection scheme, but added it will have to divest some of its subsidiaries to meet European rules on state-aid.
Shire shares shine
Friday 30 Oct 2009
Losing the sole right to market a drug is always painful for pharmaceutical companies, but for Shire, which saw sales of one of its hyperactivity treatments slump after losing exclusivity, the pill was sweetened by soaring sales of another.
Jobs losses as Threshers enters administration
Friday 30 Oct 2009
Administrators have warned that jobs will have to go at Threshers after the off-licence chain when into administration last night.
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