Editor's Picks
GM said to mull abandoning Opel sale
Tuesday 25 Aug 2009
General Motors could shelve plans to sell its European unit and instead raise billions of dollars of rescue funds, according to press reports. People familiar with the situation are quoted as saying that the US car giant is trying to formulate a $4.3bn financing plan that would allow it to keep control of its European business, which includes Opel and Vauxhall
Oil price strikes 10-month high
Monday 24 Aug 2009
Oil is trading at 10-month highs Monday on a weaker dollar and as confidence in the economic recovery improves the demand outlook.
Suitors eye struggling Scotsman
Monday 24 Aug 2009
When they moved into their plush new offices next to the site where the Scottish Parliament would soon be built 10 years ago, staff at The Scotsman must have foreseen exciting times ahead.
Toyota recalls 0.7m China-made cars
Monday 24 Aug 2009
Toyota has had to recall 690,000 cars made at its Chinese factories after a faulty electric window switch was found to be a potential fire hazard.
UK recession 'at an end'
Monday 24 Aug 2009
The UK recession has apparently come to an end, according to a survey that saw confidence among business professionals posting the biggest rise in two years. The Institute of Chartered Accountants in England and Wales saw business confidence rise to +4.8 at the end of June from -28.2 at the end of March. The institute, which surveyed over 1,000 chartered accountants in England and Wales, predicts
Bovis profits fall, but completions jump 18%
Monday 24 Aug 2009
Housebuilder Bovis saw profits drop sharply in the half year due to the adverse impact from significantly lower home sales prices, though private legal completions grew by 18%.
QinetiQ sells robots to Aussie Defence Force
Monday 24 Aug 2009
Defence technology group QinetiQ has secured a AUS$23m contract from the Australian Department of Defence for TALON robots and replacement parts to support Australian Defence Forces deployed on operations.
Betfair mulls £1.5bn float
Monday 24 Aug 2009
Gaming giant Betfair is reported to be mulling a £1.5bn public offering in what could be the first major UK stockmarket floatation since the start of the credit crunch. The Sunday Telegraph said Betfair’s founders, Bertie Black and Ed Wray, are due to meet with bankers to discuss the group’s options.
Gap between ISA and bond rates narrows
Friday 21 Aug 2009
More signs that the gap between ISA and bond rates is starting to narrow emerged this week after the National Savings and Investments (NS&I) almost doubled interest rates paid on cash ISAs while leaving premium bond prises unchanged.
Consumers to benefit from energy price war
Friday 21 Aug 2009
Customers look set to benefit from a new energy price war, with suppliers fighting to claim the crown of Britain's cheapest deal.
Directors still cautious as shares rally
Friday 21 Aug 2009
If buying and selling of company shares by their directors offers clues as to how well the market is doing, reading recent trends is not straightforward.
Jitters fail to dent market momentum
Friday 21 Aug 2009
The Footsie has stormed ahead in recent days, but it started the week in poor fashion as jittery investors pocketed gains following a 15% surge since mid-July. There have been a number of big daily falls in recent weeks, although the upward trend has remained intact. David Boyle at Aberdeen Asset Management says attractive yields on equity markets are one reason for the gains
Chelsea Building Society hit by fraud
Friday 21 Aug 2009
Chelsea Building Society today admitted that it has lost £41m as a result of a fraud within its buy-to-let mbook.
End of road for US scrappage scheme
Friday 21 Aug 2009
America’s car scrappage scheme has been so successful that it will close next Monday after the $3bn (£1.8bn) of government funding ran out.
Rightmove on track to trump year forecasts
Friday 21 Aug 2009
Property website Rightmove remains confident of beating expectations for the full-year after notching up its second highest monthly operating profit ever in July. The proud boast came as the firm reported a 6% drop in operating profit for the six months ended 30 June to £18.90m and 8% decline in pre-tax profit to £18.19m. Revenue slipped 1% to £33.6m
Porsche offices raided in insider trading probe
Thursday 20 Aug 2009
German prosecutors have raided the headquarters of sports car maker Porsche in connection with suspected insider trading relating to Volkswagen shares.
Porsche offices raided in insider trading probe
Thursday 20 Aug 2009
German prosecutors have raided the headquarters of sports car maker Porsche in connection with suspected insider trading relating to Volkswagen shares.
'Cash for bangers' reaches half-way point
Thursday 20 Aug 2009
Just three months after its launch, the car ‘scrappage’ scheme announced by the government in April has already been hailed as a resounding success.
Government borrowing sets July record
Thursday 20 Aug 2009
Alistair Darling is finding it impossible to balance the books as falling tax receipts and rising benefit payments forced the government to borrow in July for the first time in 13 years. Public sector net borrowing surged to £8.016bn, according to figures published by the Office for National Statistics, way higher than the £600m forecast by economists
Mortgage lending hits nine-month high
Thursday 20 Aug 2009
Mortgage lending hit a nine-months high last month, but is still down 36% on last year, according to the latest figures from the Council of Mortgage Lenders (CML).
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