Editor's Picks
Shell to lift output by 11% by 2012
Tuesday 16 Mar 2010
Oil giant Shell has outlined a strategy which it says will increase production by 11% in three years’ time. Upstream production is expected to reach 3.5m barrels by 2012, an 11% increase from current levels, Shell said. Further ahead, the company is assessing more than 35 new projects which should underpin upstream growth to 2020.
BA to fly 60% of passengers during strike
Monday 15 Mar 2010
British Airways will be able to fly 60% of its passengers during planned strike action later this month, the airline said. The announcement comes on the day the Prime Minister entered the dispute, calling the action ‘unjustified’ and ‘deplorable’. Cabin crew at British Airways are to go on strike for three days from March 20 and for four days from 27 March.
Turbulent times at British Airways
Monday 15 Mar 2010
The transport minister Lord Adonis yesterday said that the strikes British Airways staff are planning to hold later this month ‘threaten the very existence’ of the airline. The announcement comes on the day the Prime Minister entered the dispute, calling the action ‘unjustified’ and ‘deplorable’. Cabin crew at British Airways are to go on strike for
Turbulent times at British Airways
Monday 15 Mar 2010
The transport minister Lord Adonis yesterday said that the strikes British Airways staff are planning to hold later this month ‘threaten the very existence’ of the airline.
EU ready to propose 'framework' to help Greece
Monday 15 Mar 2010
European Union leaders look set to propose a 'framework' to help Greece overcome its debt crisis.
Premium broker tips: Citigroup upgrades BT
Monday 15 Mar 2010
Companies mentioned: BT, Halfords
Liberty sells Regent St flagship for £41.5m
Monday 15 Mar 2010
West end retailer Liberty has agreed a £41.5m sale and lease back of its world famous Regent Street store.
House price growth stalls
Monday 15 Mar 2010
The recent recovery in UK house prices appears to have run out of steam as asking prices rose by the smallest amount on record for the month of March.
French Connection sells Nicole Farhi, trims US stores
Monday 15 Mar 2010
French Connection said it will close the majority of its loss making operations in the US and sell its Nicole Farhi brand for £5m. The changes, which include exiting the Japanese market, are part of a restructuring of the business aimed at returning it to profitability, it said in a company statement. The closure of the US stores will cost French Connection £6.5m
IPO activity is picking up
Sunday 14 Mar 2010
This year has seen a revival of initial public offerings on the London market after an exceptionally quiet 2009.
KKR and Warner eye EMI break-up bid, reports
Sunday 14 Mar 2010
Private equity firm KKR is reported to be in talks with Warner Music to launch a break-up bid for Warner's troubled rival EMI. The Sunday Times is reporting that the two companies have met in recent weeks to discuss how they would structure a deal for EMI, which is expected to be put up for sale this summer.
Financial Services Authority turns proactive
Friday 12 Mar 2010
The Financial Services Authority (FSA) is to begin a pro-active approach to root out mis-selling in the financial services market.
Best ISA deals
Friday 12 Mar 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.
IPO activity is picking up
Friday 12 Mar 2010
This year has seen a revival of initial public offerings on the London market after an exceptionally quiet 2009. Promethean World and Supergroup both confirmed on Friday that they are to raise about £400m each from their listings on the main market. The news came after a number of other companies recently announced plans to float in London.
Mortgage lending halves in January
Friday 12 Mar 2010
Further evidence that housing activity suffered a dramatic downturn at the start of this year emerged today, with the weather and cut in the stamp duty threshold to blame.
London shares top spot in financial league
Friday 12 Mar 2010
London has lost its place as the world's leading financial centre after it tied with New York in the latest Global Financial Centres Index published by the City of London Corporation.
Lehman 'gimmicks' disguised insolvency
Friday 12 Mar 2010
Former bosses at Lehman Brothers have been heavily criticised for employing an accounting "gimmick" that managed to hide the failed bank’s insolvency. A year-long investigation into the collapse of Lehman by court-appointed examiner, Anton Valukas, found that ex-chairman and chief executive, Dick Fuld, and senior executives regularly ignored the bank’s own risk controls
BP takes a step in the right direction
Thursday 11 Mar 2010
On the face of it, BP’s purchase of exploration assets from Devon Energy is an excellent deal for the integrated oil giant.
HSBC data theft affects 24,000 accounts
Thursday 11 Mar 2010
HSBC has admitted that data on about 15,000 customers with accounts in Switzerland has been stolen by a former information-technology employee.
Premium broker tips: Goldman ditches Kaz for Ant
Thursday 11 Mar 2010
The recent earthquakes in Chile have highlighted the tight supply-demand dynamics of the copper market and miner Antofagasta is set to benefit, thinks Goldman Sachs.
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