Editor's Picks
Greek tragedy for eurozone
Friday 22 Jan 2010
The next few weeks will test the stability of the eurozone as one of its members, Greece, struggles to rein in its public finances.
Retail disappointment lifts fears
Friday 22 Jan 2010
Today’s official retail sales data for December paints a very different picture to the evidence that has come from retailers’ own figures.
Car production slumps 31% in '09
Friday 22 Jan 2010
Car production in Britain plunged by 31% in 2009 from the year before, figures from the Society of Motor Manufacturers (SMMT) revealed today.
December retail sales miss expectations
Friday 22 Jan 2010
Retail sales volumes rose by much less than expected in December, as price rises kept the UK consumer away from the shops over the Christmas period.
Banks fall on Obama proposals
Friday 22 Jan 2010
Shares in UK and European banks took a hammering Friday, in line with their US peers, as analysts considered the possible impact of US president Obama’s tough series of measures to curb risk taking on Wall St. Royal Bank of Scotland, and Barclays, Deutsche Bank, BNP Paribas, Societe Generale and UBS all fell back heavily.
Tullow strikes again in Uganda
Friday 22 Jan 2010
Tullow Oil has found more oil and gas in the Butiaba region of Uganda Block 2, this time at the Kasamene-2 appraisal well 1km north-east of the Kasamene-1 discovery.
National Express chair hops on board Cobham
Friday 22 Jan 2010
Defence and aerospace group Cobham has named National Express chairman John Devaney as chairman designate of the company.
John Lewis sales rise with the temperature
Friday 22 Jan 2010
Shoppers, frustrated by weeks of heavy snow, sped to the high street and retail parks as soon as the thaw set in, giving John Lewis a big boost last week.
Vimto owner Nichols' share gain
Thursday 21 Jan 2010
Vimto owner Nichols is enhancing its position in the soft drinks dispensing business and says that its full year figures will be better than expected.
Tullow cheers 'significant' oil & gas find
Thursday 21 Jan 2010
Tullow Oil said its Tweneboa-2 exploratory appraisal well, some 6 km southeast of the Tweneboa-1 discovery, has intersected a significant combined hydrocarbon column.
BlueBay assets jump over 10%
Thursday 21 Jan 2010
Fixed income fund manager BlueBay has delivered a bigger than expected 10.4% increase in assets under management (AuM) for the second quarter and is optimistic about 2010.
Obama clamps down on big US banks
Thursday 21 Jan 2010
President Obama's tough series of measures to clamp down on risk taking in the financial sector, has sent global stock markets tumbling. In feisty mood, the US President said his resolve to introduce new reforms had been strengthened by record profits at some of the very firms claiming that they cannot lend more to small business
Buffett says Kraft's Cadbury bid is 'bad deal'
Wednesday 20 Jan 2010
Kraft’s largest shareholder, billionaire Warren Buffett, has lashed out at the US food maker’s takeover of British chocolate and gum company Cadbury.
BoE votes 9-0 to hold rates and stimulus plan
Wednesday 20 Jan 2010
Minutes from the last Bank of England meeting revealed that all nine members voted in favour of keeping interest rates steady at 0.5% and maintaining its £200bn quantitative easing scheme.
UK unemployment falls again
Wednesday 20 Jan 2010
There was mixed news on the UK employment front in December with the number of people claiming jobless benefit falling more than expected, but the inactivity rate rose to its highest level since August 2007.
Chilly temperatures hit Wetherspoon
Wednesday 20 Jan 2010
Britain's recent cold snap hit sales at pubs group JD Wetherspoon as customers stayed in the comfort of their home. Nevertheless the company said that 'with continuing sales growth and an increased opening programme, we remain confident of the company's prospects for the financial year ending 25 July 2010.'
Cash for gold firms face OFT inquiry
Wednesday 20 Jan 2010
Five companies that offer to buy gold for cash through the post are to be investigated by the Office of Fair Trading after complaints about low prices paid.
No.2 shareholder says bid undervalues Cadbury
Tuesday 19 Jan 2010
Cadbury’s second biggest shareholder, Legal & General Investment Management, said Kraft Foods’ 850p a share offer for the British chocolate and gum company fails to fully reflect the long term value of the company.
Chemring can help UK export offensive
Tuesday 19 Jan 2010
A report from Ernst & Young ITEM Club yesterday said that exports will be key to stoking a sustainable economic recovery in the UK.
Inflation soars above target
Tuesday 19 Jan 2010
The consumer prices index jumped to 2.9% in December, well above the Bank of England’s 2% target, due to the absence of factors that held back price rises in December 2008.
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