Editor's Picks
Japan Airlines goes bust
Tuesday 19 Jan 2010
Japan Airlines has finally agreed to file for bankruptcy, as expected, and the board is reportedly ready to resign.
Severn Trent chops divi by 10%
Tuesday 19 Jan 2010
Water company Severn Trent has announced a ‘one-off’ cut in the dividend to help it meet the output and operating efficiency demands of the industry regulator.
Burberry confident after strong third quarter
Tuesday 19 Jan 2010
Luxury fashion label Burberry expects profits for the full year to be at the top end of expectations after seeing strong sales in the last three months of 2009.
Price is right for Cadbury
Tuesday 19 Jan 2010
The board of chocolate maker Cadbury has recommended an £11.7bn takeover from US firm Kraft. A bid has been agreed worth 840p for each Cadbury share plus a 10p dividend. The final terms of the bid are 500 pence in cashplus 0.1874 new Kraft Foods Shares. Cadbury management said they were satisfied that Kraft would respect the heritage of the company.
UK tech sector could fuel transition
Monday 18 Jan 2010
If the UK is not quite a nation of shopkeepers, it has certainly been one of shoppers for the past decade, but that might be about to change if the economic forecaster Ernst & Young ITEM Club is on the mark.
BA staff in new strike vote
Monday 18 Jan 2010
British Airways cabin crew will vote on strike action for a second time next week, according to the Unite union. December’s first ballot was ruled unlawful by the High Court and ‘intensive discussions’ held with BA over the past two weeks have proved fruitless. Unite said the ballot will begin in a week's time, meaning strike action could begin as early as March
House prices up 0.4% in January
Monday 18 Jan 2010
House prices have started 2010 on a strong footing, rising for the first time in two months, figures from property website Rightmove show.
London retail sales 'dazzle' in December
Monday 18 Jan 2010
Shoppers splashed out at London stores in the run up to Christmas giving the capital’s retailers their best December for at least seven years, says the British Retail Consortium (BRC). Sales in the five weeks to 2 January jumped 12% on a like for like basis from the previous year. That’s the highest number since the survey began in 2002
Taylor Wimpey sees continuing stabilisation
Monday 18 Jan 2010
Housebuilder Taylor Wimpey said market conditions in both the UK and North America during 2009 were better than those experienced during the previous year, although they still remained challenging.
Pennon agrees Ofwat determination and promises dividend growth
Monday 18 Jan 2010
South West Water owner Pennon has decided not to refer Ofwat's price determination for 2010-2015 to the Competition Commission and also promised real dividend growth over the five year duration of the regime.
Kraft to sweeten Cadbury offer, reports
Sunday 17 Jan 2010
American food giant Kraft is reportedly preparing to raise its hostile offer for UK chocolate maker Cadbury before next week’s final deadline. The new offer is expected to improve Kraft’s bid from 771p per share to at least 820p, the Sunday Times writes, though the UK company's shareholders might be tempted to hold out for an even higher price.
JP Morgan profits and bonuses soar
Friday 15 Jan 2010
Investment bank staff at JP Morgan Chase are in line for bonuses worth hundreds of thousand of dollars after the Wall St giant posted bumper fourth quarter numbers.
No concert party at Mitchells & Butlers
Friday 15 Jan 2010
The Takeover Panel has concluded that there was no agreement between shareholders in pubs operator Mitchells & Butlers to act in concert prior to 15 October, which means that there is no need for a mandatory bid or any other action.
Retail updates show High Street caution
Friday 15 Jan 2010
Despite a mixed bag of Christmas trading updates from the High Street over the past week, when it comes to prospects for 2010, the retail sector appears to be singing from the same hymn sheet.
QinetiQ suffers as governments dither
Friday 15 Jan 2010
Defence technology group QinetiQ has warned that the seasonally stronger second half will not happen this year due to a delay in orders from government’s in both Britain and the US.
Bovis house sales bounce back
Friday 15 Jan 2010
Housebuilder Bovis ended last year with cash in hand and has now started to buy land again after house sales last year rose by 25% and average prices increased by 2.5%.
Premium brokers: Rio downgraded after good run
Friday 15 Jan 2010
Companies covered include: Rio Tinto, BP, Shell, BG Group, Vodafone, ITV, Trinity Mirror, Yell
Darling could net £3bn from bank bonuses
Thursday 14 Jan 2010
Alistair Darling's bonus tax could bring in as much as £3bn after the likes of JP Morgan, Goldman Sachs, Deutsche Bank and Barclays pay their share, experts esitmated today. In last month’s pre-Budget speech, the UK chancellor announced a new 50% levy on bank bonuses of more than £25,000. The chancellor’s ‘super tax’ could raise £300m from JP Morgan alone
HMV tie-up could light up Luminar
Thursday 14 Jan 2010
CD retailer HMV and nightclub operator Luminar depend on teens and twenty-somethings having spare cash, so the prospect of youth unemployment is an unsavoury one for both.
Premium broker tips: Hays to catch up on Michael Page, MS says
Thursday 14 Jan 2010
Companies covered so far today: Hays, Michael Page
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