Editor's Picks
Mouchel bolsters VT defence
Thursday 11 Feb 2010
Mouchel is currently trying to fend off a takeover attempt from fellow support services company VT, so it was hardly surprising that it was bullish as it updated on trading for the six months to January 31.
Home repossessions on the decline
Thursday 11 Feb 2010
Lenders repossessed 13% fewer homes in the fourth quarter of last year than they had in the previous three months as they take a more sympathetic view of borrowers.
No end to recession pain in Spain
Thursday 11 Feb 2010
Spain remains the last major economy still in recession after it contracted for the seventh quarter in a row at the end of 2009.
Rio Tinto profit beats forecasts
Thursday 11 Feb 2010
Miner Rio Tinto reported a better-than-expected full-year profit and said it expects the commodity price recovery to continue in 2010. Underlying earnings dropped to $6.3bn in the year ended 31 December compared with $10.3bn last time, but the figure was above the $6bn forecast by analysts. Net earnings grew to $4.87bn from $3.68bn a year ago.
Synchronica hopes for good Messagephone reception
Wednesday 10 Feb 2010
Synchronica’s laudable goal is to play a part in ‘democratising’ consumer electronics markets in the Third World by selling a smartphone for just $99.
Greece aid hopes lift markets
Wednesday 10 Feb 2010
Stock exchanges across the world advanced for the second day in a row as investors ponder how the European Union will help debt-stricken Greece. Speculation has been rife since it was announced that European Central Bank President Jean-Claude Trichet has left a meeting of central bankers in Australia early to attend a special European Union summit on Thursday.
Toyota needs one month to fix UK pedal problem
Wednesday 10 Feb 2010
Beleaguered carmaker Toyota will begin mending the accelerator pedals on 180,000 vehicles across the UK today, but warned it will take one month to fix them all. The Japanese firm, which has recalled over 8m motors following accidents involving ‘sticky’ accelerator pedals, says its 208 service centres can deal with 6,000 cars a day
FSA chief Sants stands down
Tuesday 09 Feb 2010
Hector Sants, the chief executive of the Financial Services Authority is to stand down after three years in the job. Sants said he would leave in the summer, as planned. The former CSFB banker has overseen the regulatory agency during the most turbulent times in its short history and during which it has faced fierce criticism for
Sarantel aims for profitable position
Tuesday 09 Feb 2010
If you are a golfer who wants to know exactly where you are in relation to the hole or a soldier who needs to know his exact location, the kind of GPS technology you find in a standard smartphone will probably let you down.
Premium broker tips: Flight to dollar earners
Tuesday 09 Feb 2010
The European sovereign credit crisis has hammered the euro and given the dollar a huge boost as investors seek the perceived safe haven of lower-risk assets.
Bank lowers UK growth estimates
Tuesday 09 Feb 2010
Britain’s emergence from recession will be slower than previously expected as the strength of the recovery is 'highly uncertain', the Bank of England said today alongside its latest quarterly inflation report.
Randgold impresses but gold price is key
Tuesday 09 Feb 2010
Judging by Randgold Resources’ full year results statement today, the gold miner’s idea of a ‘testing’ year is not quite the same as that of companies whose main test during the past couple of years has been to survive the credit crunch.
Greece bailout rumours lift markets
Tuesday 09 Feb 2010
Stock exchanges across the world advanced for the second day in a row on Wednesday as speculation intensified that the European Union may decide on a bail-out for heavily indebted Greece tomorrow.
BSkyB sells ITV shares at £348m loss
Tuesday 09 Feb 2010
BSkyB has sold a 10.4% stake in struggling broadcaster ITV at a £348m loss following a two year legal battle to hang onto the shares.
Toyota recalls Prius and two other hybrids
Tuesday 09 Feb 2010
The problems besetting Japanese car maker Toyota deepened last night as it broadened its latest recall to include its Lexus HS 250 and Toyota Sai hybrid models in addition to the Prius hybrid. All three models are being recalled because of concerns over the braking system. The Lexus hybrid is sold in the US and the Sai saloon is marketed only in Japan
BSkyB agrees to sell 10% ITV stake
Monday 08 Feb 2010
Pay-TV BSkyB said it is selling part of its 17.9% holding in struggling broadcaster ITV following a two year legal battle to hang onto the shares.
Ethel Austin in administration, 3,700 jobs at risk
Monday 08 Feb 2010
Around 3,700 jobs at risk after discount clothing retailer Ethel Austin and sister homewares chain Au Naturale called in administrators.
Randgold impresses but gold price is key
Monday 08 Feb 2010
Judging by Randgold Resources’ full year results statement today, the gold miner’s idea of a ‘testing’ year is not quite the same as that of companies whose main test during the past couple of years has been to survive the credit crunch.
Xstrata revives divi despite earnings slip
Monday 08 Feb 2010
Miner Xstrata is to resume dividend payments again despite earnings sliding last year after heavy one-off costs and weak commodity prices.
Premium broker tips: BAE not out of the woods
Monday 08 Feb 2010
Many think BAE Systems got off lightly last week when it paid just £285m to US and British authorities to settle a long-running investigation into bribery and corruption.
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