Editor's Picks
Global markets suffer Dubai drubbing
Friday 27 Nov 2009
Dubai’s decision to delay payment on some of its $59bn debt pile has sent shock waves through global markets, hammering share prices and sinking weaker currencies. London’s stock market slumped more than 3% on Thursday and is expected to lose at least another 100 points today. Asian markets felt the impact. Japan hit a new four-month closing low and Hong Kong fell over 1,000 points
High street sales grow fastest in 2 years
Thursday 26 Nov 2009
Hopes that the recession will finally come to an end in the fourth quarter were raised today by news that retail sales grew at their fastest pace in two years this month.
National Express stripped of East Anglia franchise
Thursday 26 Nov 2009
The Department of Transport has decided not to extend the National Express East Anglia franchise beyond its normal termination date of March 2011.
Mitchells & Butlers starts year well
Thursday 26 Nov 2009
Pub owner Mitchells & Butlers has made a good start to its new financial year, but worries about the strength of consumer confidence and possible tax rises after next year's General Election.
DSG sees improving trends
Thursday 26 Nov 2009
Currys and PC World owner DSG International reported a drop in first half like for like sales but said it has seen improving trends in a number of its businesses, particularly in recent weeks.
Ofwat waters down price cut proposals
Thursday 26 Nov 2009
Water regulator Ofwat has ruled that water companies will have to lower bills over the next five years, though by less than it previously proposed. Ofwat said average annual bills will have to fall by £3 to £340 between 2010 and 2015. However, the price cuts proposed by Ofwat are less favourable than the £14 a year price cut to £330 suggested in July.
Water firms await Ofwat pricing proposals
Wednesday 25 Nov 2009
Water companies are not normally known as generators of great excitement, but all eyes will be on the sector tomorrow as the regulator Ofwat gives its final determination on how much they can charge customers over the next five years.
Tesco to sell iPhones this Christmas
Wednesday 25 Nov 2009
UK supermarket Tesco has joined the slowly growing list of companies selling the Apple iPhone in the UK this Christmas.
Ofwat waters down price cut proposals
Wednesday 25 Nov 2009
Water companies will have to cut bills in real terms between 2010 and 2015, the water regulator Ofwat said as it delivered its final decision today, though not by as much as it previously proposed. Ofwat said average annual bills will have to fall by £3 to £340 between 2010 and 2015. Compared to what the companies asked for in the deliberations leading to
Darling defends secret loans to RBS and HBOS
Wednesday 25 Nov 2009
Chancellor Alistair Darling today defended the decision to keep secret £61.6bn of loans to Royal Bank of Scotland and HBOS during the height of the credit crunch in 2008, claiming their disclosure would have "seriously jeopardised" the UK financial system. News of the loans only came out yesterday, when the revelation by Bank of England governor Mervyn King left MPs incredulous
What to do with your Lloyds shares
Wednesday 25 Nov 2009
Almost three million shareholders will have some tough decisions to make over the next few weeks after Lloyds Banking Group yesterday priced its colossal £13.5bn rights issue.
Compass grows profit despite flat sales
Wednesday 25 Nov 2009
Contract caterer Compass Group saw little growth in revenue when it declared full year results this morning, but pre-tax profit still showed a healthy rise on the back of a strong improvement in margins and currency gains.
Consumer groups stunned as banks win overdrafts ruling
Wednesday 25 Nov 2009
Hopes of refunds for billons of pounds of bank charges were dashed today as the Supreme Court ruled against the Office of Fair Trading in a long running dispute over the fairness of overdraft costs.
GDP figures revised up
Wednesday 25 Nov 2009
The economy shrank less than previously estimated, revised figures from the Office of National Statistics (ONS) show. GDP contracted by 0.3% between July and September, a slightly better reading than an earlier estimate of a 0.4% drop. Traders already think the UK will exit recession this year, so today’s slight upward revision to GDP comes as little surprise.
Coffeeheaven still focused on growth
Tuesday 24 Nov 2009
Some eastern European countries have taken a severe battering during the global economic crisis, but luckily for Coffeeheaven, which operates coffee shops across the region, Poland has fared better than its neighbours.
Secret £62bn bank loans revealed
Tuesday 24 Nov 2009
The Bank of England provided emergency funding of £61.6bn to Royal Bank of Scotland and HBOS as the financial system faced meltdown, it was revealed today.
Informa confirms Springer talks
Tuesday 24 Nov 2009
Lloyds List publisher Informa has confirmed reports it is in discussions over the possible acquisition of German publisher Springer.
Cosmen's Nat Express stake now 19.7%
Tuesday 24 Nov 2009
Spain’s Cosmen family has beefed up their holding in National Express by another £1.4m as a vote on the bus and train firm’s £360m rights issue looms.
Mortgage approvals edge higher
Tuesday 24 Nov 2009
The number of mortgage approvals by UK banks rose to the highest level since January 2008 in October, although the rise was not as big as expected.
Crunchie time approaching for Cadbury bid
Monday 23 Nov 2009
Speculation about the future of Dairy Milk and Crème Egg maker Cadbury grew over the week-end, with the chances increasing of a rival bid to the Kraft Foods offer.
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