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  • Profits still flowing at Northumbrian Water

    Monday 23 Nov 2009

    Water will continue hitting the headlines this week, not just because of the floods submerging much of Britain, but as the regulator decides how much water companies will be able to charge customers over the next five years.

  • Business confidence highest in 6 years

    Monday 23 Nov 2009

    Business confidence has risen to its highest in six years, according to a new survey, reinforcing the view that Britain is finally emerging from recession.

  • Lloyds prices rights issue at 37p

    Monday 23 Nov 2009

    Lloyds Banking Group has priced its world record £13.5bn rights issue at 37p a share, a discount of 59.5% to last night’s closing price. Britain’s third-largest lender will offer shareholders the chance to buy a total of 36.5bn shares on the basis of 1.34 new shares for every 1 share held. The cash call represents a discount of 38.6% to the theoretical ex-rights price

  • Nationwide gloomy as profits tumble

    Friday 20 Nov 2009

    Nationwide, Britain’s biggest building society, saw first half profits fall by two-thirds and warned it expects the second half to be worse.

  • Carry trade in focus again

    Friday 20 Nov 2009

    The carry trade is remarkably simple. If one country has higher interests than another then you can make money by borrowing from the country with lower interest rates and investing it in the other country, making a profit on the higher rate.

  • Blair and Soros back Sierra Leone sales pitch

    Friday 20 Nov 2009

    Tony Blair and George Soros think Sierra Leone will become one of Africa’s leading economies less than a decade after it emerged from a bloody civil war that ripped the country apart.

  • 'Tis the season for a rally

    Friday 20 Nov 2009

    Investors face a dilemma. Do they pocket profits and start worrying about the kids’ Christmas presents instead, or should they stick with the stock market, which has been a good friend to them in 2009, and hope that this week’s retreat isn’t the start of something bigger? Find out what the statistics say

  • Ted Baker in vogue

    Thursday 19 Nov 2009

    Ted Baker has come a long way since starting out as a menswear brand in Glasgow in 1987.

  • Public sector borrowing hits October record

    Thursday 19 Nov 2009

    The state of the government’s finances is even worse than feared, judging by October’s public sector net borrowing requirement (PSNBR) figures. Expectations that the PSNBR would show a deficit of £6bn or £7bn last month were confounded, as the Office for National Statistics said the PSNBR was £11.4bn, the largest October shortfall on record

  • Recession could force business change says CBI

    Thursday 19 Nov 2009

    The problems of the recession could result in a sea change in the way Britain does business, the Confederation of British Industry said today.

  • SABMiller lager volumes slip

    Thursday 19 Nov 2009

    Brewer SABMiller reported a 1% fall in lager volumes over the six months to September 30 as growth in Africa and Asia was offset by weakness in more developed markets.

  • Morrisons sales growth slows

    Thursday 19 Nov 2009

    Supermarket chain Morrisons reported a 4.3% rise in like-for-like third quarter sales and left its expectations for the current year unchanged. Market forecasts were for underlying sales growth, excluding fuel and VAT, to have risen by 4.5% versus a 7.8% year on year rise in the first half. Today’s statement comes just a day after boss Marc Bolland jumped ship to take a similar role at M&S

  • Support firms sing outsourcing's praises

    Wednesday 18 Nov 2009

    They may not be very well known, but companies such as Capita, Serco and VT Group are responsible for a huge chunk of the country’s infrastructure.

  • Mortgage lending up 5% in October

    Wednesday 18 Nov 2009

    Gross mortgage lending is estimated to have risen 5% in October to £13.5bn, in line with the average for this time of year.

  • Morrisons chief executive becomes new M&S boss

    Wednesday 18 Nov 2009

    Marks & Spencer has unveiled the boss of supermarket Morrisons as its new chief executive.

  • Profits down, debt up, at Wolseley

    Wednesday 18 Nov 2009

    Wolseley, the plumbers’ merchant, said underlying trading profit was down by more than a quarter in the three months to end-October from a year ago.

  • Mothercare sales rise 7.9%, confident for H2

    Wednesday 18 Nov 2009

    Children’s retailer Mothercare reported a 7.9% hike in interim sales boosted by new overseas stores, but swung to a pre-tax loss after it was hit by charges.

  • ITV confirms Archie Norman is new chairman

    Wednesday 18 Nov 2009

    Troubled broadcaster ITV has confirmed the appointment of former Tory party MP Archie Norman as its new non-executive Chairman.

  • Mobile phone data theft affects millions

    Tuesday 17 Nov 2009

    Workers at one of Britain’s biggest mobile phone companies sold the personal details of customers to rival firms, according to the Information Commissioner.

  • VT pins hopes on outsource boom

    Tuesday 17 Nov 2009

    Bizarrely, VT Group, a company that depends on work from government for much of its turnover, expects the parlous state of the nation’s finances to deliver it not less but more work in coming months and years.

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