Editor's Picks
Newspapers take different routes to save industry
Friday 06 Nov 2009
The newspaper industry is in a flux. Recent developments have shown that the industry is unsure which way to go to survive.
Gladstone attracts bidders
Friday 06 Nov 2009
Gladstone is on the receiving end of bid approaches that show that it was wise to reject the 25p a share bid from Constellation Software Inc at the end of 2008.
Smith & Nephew profits sprint ahead
Friday 06 Nov 2009
Smith & Nephew’s pre-tax profit jumped 45% in the third quarter and the knee and hip joint supplier expects a good outcome for the full year.
Why house prices are rising
Friday 06 Nov 2009
House prices have risen over 7% since hitting a low point in April and are now higher than they were a year ago for the first time in 19 months, according to one measure.
British Airways posts record £292m loss
Friday 06 Nov 2009
British Airways reported a record loss of £292m and urged Unite to withdraw its plans for a strike ballot and resume talks with the carrier. The interim loss before tax of £292m, or £244m before restructuring costs, compares with a profit of £52m last year. Revenue was down 13.7% to £4.1bn. Net losses came to £208m
Benefits from Education
Thursday 05 Nov 2009
AIM has recovered strongly this year but one AIM company that has continually outstripped the market in the past couple of years is qualifications supplier Education Development International.
RBS on road to nowhere
Thursday 05 Nov 2009
Shares of Royal Bank of Scotland rose today as its unveiled its latest figures, which covered the third quarter of 2009. It's a mystery why.
Manufacturing output beats expectations
Thursday 05 Nov 2009
British manufacturing and industrial output rose faster than expected in September, reinforcing hopes of an economic recovery.
National Express to hand over franchise next week
Thursday 05 Nov 2009
National Express said it will hand back control over the loss-making East Coast mainline rail franchise to the government at the end of next week. The London-to-Edinburgh route will transfer to a government-controlled company at one minute before midnight on 13 November. In July, the bus and rail group said it would give up the running of the service
C&W revives demerger but lower guidance
Wednesday 04 Nov 2009
Telecoms group Cable & Wireless has revived plans to split itself in to two parts.
Proximagen's prescription
Wednesday 04 Nov 2009
Proximagen Neurosciences is making its first acquisition since raising £50m in the summer. The structure of the deal means that it won’t make an initial dent in the central nervous system treatments developer’s £57m cash pile.
Toyota leaves Formula One
Wednesday 04 Nov 2009
Formula One has lost another team to the recession, as Toyota announced it will not take part next year in an effort to slash costs.
Service sector grows most since August '07
Wednesday 04 Nov 2009
The UK services sector grew at its fastest pace in over two years last month and far quicker than expected, boosting hopes the economy will return to growth in the fourth quarter.
ITV predicts ad revenue growth in December
Wednesday 04 Nov 2009
Broadcaster ITV is set to end an 18-month decline in advertising revenue by reporting a 4% increase in December.
Next ups sales guidance
Wednesday 04 Nov 2009
Fashion chain Next has upped its guidance for second half sales up to Christmas Eve after reporting better than expected sales in the third quarter.
M&S ahead of forecasts as profits rise
Wednesday 04 Nov 2009
High street giant Marks & Spencer produced interim results at the top of expectations, with underlying profits rising slightly as food sales improved for a fourth quarter in a row. Group sales to end September grew 2.8% to £4.3bn. Adjusted profit before tax was slightly ahead of last year at £298.3m,
Cost cutting helps Volex
Tuesday 03 Nov 2009
Cost cutting and selling an increasing amount of higher margin products has enabled Volex to improve profitability at a time when revenues are declining. There is only so much that the electrical and electronic assemblies supplier can do for itself and it needs businesses to start investing more before its revenues will make a significant recovery.
Gold posts new highs despite stronger dollar
Tuesday 03 Nov 2009
The rally in the US dollar today was shrugged off by the Gold price after it was discovered that India had bought 403 tonnes of the yellow metal, 200 tonnes of which came from the IMF, in the 2 week period leading up the 30th October at an average price of $1,045.00.
Seegers steps down as Barclays rejigs
Tuesday 03 Nov 2009
Barclays has undertaken a major shake-up of its executive board with the departure of Frits Seegers, chief executive of the global retail and commercial arm, while Anthony Jenkins will head a new global retail division.
HSBC axing 1,700 jobs
Tuesday 03 Nov 2009
HSBC is slashing about 1,700 jobs in the UK, mostly among back office staff rather than at its branches.
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