Editor's Picks
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Tuesday 27 Oct 2009
In normal times, a sharp rally in the oil price would bode well for companies that provide services to big oil firms, but unfortunately for Getech these are not normal times.
Government targets unfair credit card terms
Tuesday 27 Oct 2009
Credit card companies will be forced to clamp down on unfair practices under proposals being put forward by the government.
Reckitt Benckiser ups targets after Q3 boom
Tuesday 27 Oct 2009
Household goods group Reckitt Benckiser shrugged off the recession during the third quarter, reporting a big jump in profits and raising targets for the full year.
ECB lending falls for the first time
Tuesday 27 Oct 2009
Loans to households and companies in eurozone fell for the first time ever in September, highlighting concern that weak lending could hold back the region’s recovery.
ARM moves beyond mobile
Tuesday 27 Oct 2009
Computer chip designer ARM Holdings said it still expects full year dollar revenues to be in line with market expectations, after announcing an 8% dip in third quarter turnover.
Retail sales up most in nearly 2 years
Tuesday 27 Oct 2009
The high street enjoyed a pick up in business during the year to October, with a modest rise in retail sales turning out to be the most positive rate in almost two years.
Yell extends refinancing deadline again
Tuesday 27 Oct 2009
Yellow Pages business Yell has extended the deadline for its lenders to approve its refinancing proposals for a second time.
BP profit slumps less than expected
Tuesday 27 Oct 2009
Oil giant BP kicked off the oil majors results season on Tuesday with third quarter figures that showed a smaller than feared drop in profits. Profit attributable to shareholders fell to $5.34bn from $8.05bn the same time last year. Analysts had expected income of just over $3bn. Widely watched replacement cost profit more than halved during the three months to $4.98bn
BA staff in strike vote
Monday 26 Oct 2009
British Airways cabin crew will get a chance to decide whether to strike in a row over new contracts, the Unite union said today. Talks between BA and the union, which has 14,000 members at the carrier, ran through the summer, but broke down last week. Travellers face disruption at Christmas if BA staff vote in favour of a walk out. It’s thought the ballot will take place next week
Timestrip seals entry to North America
Monday 26 Oct 2009
Timestrip’s announcement today of a new deal to supply its innovative products to the North American medical devices market was vague on details, but it was specific on expected revenues and the share price jumped by 10%.
Barclays buying Standard Life Bank
Monday 26 Oct 2009
Barclays has agreed to pay £226m in cash for Standard Life Bank and will look at joint opportunities with Standard Life in the UK retail long-term savings and investments sector.
Osborne tells banks to halt big bonuses
Monday 26 Oct 2009
Banks should stop paying large bonuses and use available funds for new lending, Shadow Chancellor George Osborne has said.
ING plans rights call and downsizing
Monday 26 Oct 2009
Dutch banking group ING is to launch a massive rights issue to enable it to pay back government bail-out funds.
UK business confidence highest in 1½ years
Monday 26 Oct 2009
UK business confidence has jumped to its highest in 18 months despite the ongoing recession, a new survey has found.
FTSE bosses enjoy pay rise
Monday 26 Oct 2009
Chief executives of Britain’s top firms have seen their salaries rise by almost 8% over the last year, but bonuses have fallen, new research shows. FTSE 100 bosses have seen their average salary increase by 7.4% in the financial year to April, Incomes Data Services (IDS) found, though bonuses have dropped by 29% to around £500,000.
BSkyB profits still soaring
Friday 23 Oct 2009
BSkyB’s strong first quarter results today help demonstrate why the broadcaster’s share price has posted a 50% rise over what has surely been the toughest year for the UK economy in recent history.
UK still in recession
Friday 23 Oct 2009
The economy shrank by 0.4% in the third quarter, confounding analysts’ expectations of a return to growth and suggesting that further stimulus measures may be on the cards. It is the sixth consecutive quarter of contraction, the longest peacetime recession in the UK since the 1930s. Analysts had been expecting a rise of 0.2%.
Microsoft surprises to the upside
Friday 23 Oct 2009
Sales and earnings are still declining at Microsoft but the software giant surprised the market by producing results considerably better than expected.
Christmas comes early for Amazon
Friday 23 Oct 2009
Amazon, the online retailer, announced better than expected third quarter results, fuelled by strong sales of the Kindle, the electronic book reader.
High definition boosts BSkyB
Friday 23 Oct 2009
Strong demand for its high definition service helped satellite broadcaster BSkyB add a net 94,000 subscribers in the last three months, with revenues and profits also ahead. New Sky+HD users tripled to 287,000 in the three months to September to bring the total to 1.6m. Total Sky subscriptions now stand at 9.54m.
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