Editor's Picks
Drilling commences in the Falklands
Monday 22 Feb 2010
AIM-quoted Desire Petroleum has shrugged off any political worries concerning Argentina and started drilling its first well offshore of the Falkland Islands this afternoon.
Lloyds boss gives up bonus
Monday 22 Feb 2010
Eric Daniels, chief executive officer of loss-making lender Lloyds Banking Group, has bowed to public pressure and waived his right to a bonus this year. Daniels had been set to earn a £2.3m bonus for 2009 in recognition of the ‘significant’ progress the bank had made in putting its house in order following the merger with HBOS.
Toyota saved $100m from recall deal
Monday 22 Feb 2010
Toyota faced fresh criticism today after an internal memo revealed a good deal of back slapping went on when it saved $100m by avoiding a safety recall over accelerator problems. The Japanese carmaker also cheered a $124m “win” as new safety regulations let it phase in side airbags, while it saved $11m by delaying rules to strengthen door locks
Premium broker tips: More to come from Shire
Monday 22 Feb 2010
Stocks covered in this feature: Royal Bank of Scotland and Lloyds Banking Group.
AB Foods expects strong increase in revenue
Sunday 21 Feb 2010
Primark and British Sugar owner Associated British Foods expects its interim results to show a strong increase in revenue with growth achieved in all segments. Operating profit will be substantially higher than in the corresponding period last year in all segments except Agriculture, where trading last year benefited from unusually high volatility in commodity prices.
Lo-Q shrugs off poor weather
Friday 19 Feb 2010
Lo-Q, which makes virtual queuing devices that help theme park visitors avoid waiting in line, posted a rise in revenues and profits in the 10 months to October 31 after adding new customers.
BAA losses swell
Friday 19 Feb 2010
Losses soared at BAA last year as the Spanish-owned airports operator reported non-cash charges of around £665m and a 3.8% decline in passenger traffic.
Week Ahead: RBS, Lloyds, AB Foods
Friday 19 Feb 2010
Barely a month has passed since British Sugar and Primark owner Associated British Foods issued an interim management statement but it is issuing another one on Monday, giving an update on trading in 2010. In its January statement the group said it expects a ‘significant increase’ in operating profits in 2010 after it put in a strong finish to 2009.
Best ISA deals
Friday 19 Feb 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.
Premium broker tips: BAT is smoking
Friday 19 Feb 2010
British American Tobacco has been selling cigarettes for over 100 years, and doing it very well, something analysts appreciate as the company gears up for annual results next Thursday.
January snow hits retail sales
Friday 19 Feb 2010
UK retail sales fell at their sharpest pace in 18 month in January as the extreme cold weather and snow had a negative impact on spending.
Halfords acquisition applauded
Thursday 18 Feb 2010
A double-digit rise in a stock’s price is usually due to a take-over approach, so Halfords investors will be pleased its share price has climbed 10%.
Premium broker tips: More praise for Barclays
Thursday 18 Feb 2010
The praise keeps coming for Barclays two days after delivering a bumper set of full-year results, with Nomura keeping the UK bank as its preferred domestic UK recommendation.
Millennium & Copthorne encouraged by fourth quarter
Thursday 18 Feb 2010
Profits fell again in the final quarter of a tough 2009 for hotel group Millennium & Copthorne, but the last three months were better than expected chairman Kwek Leng Beng said.
Anglo American 'solid' despite profit plunge
Thursday 18 Feb 2010
Full-year earnings tumbled at miner Anglo American in 2009 as the recession impacted demand for commodities, causing a slump in prices, but the numbers still came in a the top end of forecasts. The world’s largest platinum producer reported earnings before interest, tax, depreciation and amortisation (EBITDA) of $6.93bn, down 41.5% on 2008, as revenue fell 25% to $24.64bn.
Thorntons profits jump 26%
Wednesday 17 Feb 2010
Stronger sales of its own brands and fewer discounts enabled interim profits to rise sharply at chocolate specialist Thorntons, despite a slight dip in revenues.
Toyota investigates Corolla steering problem
Wednesday 17 Feb 2010
Under-fire Toyota has found more problems with its cars, this time the best-selling Corolla which may have issues with its power steering.
BoE votes 9-0 to stop quantitative easing
Wednesday 17 Feb 2010
All nine members of the Bank of England’s Monetary Policy Committee (MPC) voted not to inject more money into the economy, minutes from its latest meeting show.
Legal & General net cash generated doubles
Wednesday 17 Feb 2010
Insurer Legal & General more than doubled UK net cash generated in 2009, way ahead of its own target, and also exceeded forecasts for cost savings.
BNP Paribas posts fourth straight quarterly profit
Wednesday 17 Feb 2010
French banking giant BNP Paribas has reported its fourth straight quarterly profit as it saw revenue more than double.
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