Editor's Picks
National Express launches £360m rights
Wednesday 11 Nov 2009
Bus and train group National Express today confirmed plans to raise £360m from a fully underwritten rights issue at 105p a share in an effort to slash its debt burden.
Sainsbury's profit beats expectations
Wednesday 11 Nov 2009
Supermarket Sainsbury’s posted a healthy rise in profits fo the 28 weeks to 3 October as shoppers continued seeking bargains in tough economic times. But it repeated a warning that lower food price inflation will affect growth in the second half. Pre-tax profits rose to £342m from £258m as like-for-like sales growth improved to 5.7% from 3.9% a year ago
New Imperial boss rolls out her vision
Tuesday 10 Nov 2009
Alison Cooper, who has been appointed as the new chief executive of the cigarette manufacturer Imperial Tobacco, said she wants the firm to be known for ‘sales growth’ as well as ‘cost control’.
Henderson EuroTrust looks to gear up
Tuesday 10 Nov 2009
Many fund managers will have had sleepless nights during the credit crisis, not so Tim Stevenson, who has been involved in Henderson EuroTrust since its launch in 1992 and has been manager since 1994.
Job fears at Vodafone as cost cuts to double
Tuesday 10 Nov 2009
Vodafone traded in line with expectations during the first half, but fear is that jobs could go as the mobile giant doubles its cost-cutting programme to £2bn. Chief executive Vittorio Colao said he expects to deliver £1bn cost reduction programme a year ahead of plan and a further £1bn of cost savings by 2012
House prices up again on supply shortage
Tuesday 10 Nov 2009
The housing shortage sent property prices to their highest in almost three years in October, according to the Royal Institution of Chartered Surveyors.
Retailers enjoy best October since 2002
Tuesday 10 Nov 2009
Britain’s high streets are buzzing again, according to the latest figures that show the value of retail sales leapt 3.8% last month, the best October for seven years.
Imperial Tobacco profit helped by Altadis
Tuesday 10 Nov 2009
Imperial Tobacco boosted full-year profit before tax by 52% thanks to the acquisition of Franco-Spanish rival Altadis. The cigarette maker has also announced the departure of its CEO.
Vodafone on track at half-way stage
Tuesday 10 Nov 2009
Vodafone traded in line with expectations during the first half, raising revenue by over 9% and adjusted operating profit by 2.4%, and said it expects full-year profit to be between £11-11.8bn. Adjusted operating profit rose to £5.91bn in the six months ended 30 September, up from £5.77bn the year before, on revenue of £21.76bn versus £19.90bn in 2008. Pre-tax profit rose 3.6% to £5.48bn
Dow hits new 2009 high
Monday 09 Nov 2009
The Dow Jones industrial average hit its highest level in more than a year as stocks roared in approval at G20 finance ministers’ plans to keep economic stimulus in place until the global recovery is assured.
G4S may offer security
Monday 09 Nov 2009
If you think that Britain is turning into a police state, but see this more as an investment opportunity than a cause for concern, you may like the look of G4S, whose services include CCTV, prisoner escorts and guards for political party conferences.
Cadbury rejects unsweetened Kraft bid
Monday 09 Nov 2009
Cadbury has rejected a formal offer from US food giant Kraft that failed to sweeten the terms outlined in an indicative bid that was spurned by the UK chocolate manufacturer earlier this year. Kraft is offering 300p cash plus 0.2589 Kraft Foods shares for each Cadbury share. ‘The repetition of a proposal which is now of less value and lower than the current Cadbury share price
Kraft fails to sweeten Cadbury bid
Monday 09 Nov 2009
US food giant Kraft has issued a formal offer for Cadbury that has failed to improve the terms outlined in an indicative bid that was rejected by the UK chocolate manufacturer earlier this year. Kraft is offering 300p cash plus 0.2589 Kraft Foods shares for each Cadbury share. Based on the closing Kraft share price of $26.78 on 6 November 2009, the
Axa Asia Pacific rejects bid from parent
Monday 09 Nov 2009
French insurer Axa has failed in its attempt to snap up the Asian businesses of Axa Asia Pacific.
Credit card users face rate hikes and higher fees
Monday 09 Nov 2009
Credit card holders could be hit with higher interest rate charges and annual fees as card providers attempt to cover a surge in bad debts, a new report warns.
Nokia recalls 14m phone chargers
Monday 09 Nov 2009
Mobile phone maker Nokia has been forced to recall 14m potentially faulty phone chargers made by third-party Chinese supplier, BYD.
RBS chairman joins Anglo American
Monday 09 Nov 2009
Mining giant Anglo American has added former Sainsbury chairman, Sir Philip Hampton, to the board in a non-executive role.
Kraft poised to launch hostile offer for Cadbury
Monday 09 Nov 2009
American food giant Kraft is set to increase its offer for Cadbury in a hostile takeover bid for the Crème Egg maker. The company is thought to have prepared a bid slightly above the £10.2bn offered when it approached the Dairy Milk firm in September. A “put up or shut up” deadline expires at 5pm today. Shareholders want Kraft to come up with 850p a share
Revenues down again at Aer Lingus
Monday 09 Nov 2009
Sales slumped futher at Aer Lingus over the past three months with revenue down by nearly 10% as fares came under heavy pressure both on short-haul and long-haul flights.
RBS chairman joins Anglo American
Monday 09 Nov 2009
Mining giant Anglo American has added former Sainsbury chairman, Sir Philip Hampton, to the board in a non-executive role. Hampton has been chairman of Royal Bank of Scotland (RBS) since February 2009. Prior to joining RBS, Hampton was group finance director of Lloyds TSB, as it was then named, from 2002 to 2004
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