Editor's Picks
Poll suggests support for govt stimulus
Monday 14 Sep 2009
A 20-nation opinion poll showed that most people around the world support significantly increasing government spending to counter the economic crisis.
Obama demands bankers' support
Monday 14 Sep 2009
US president Barack Obama has made a speech urging the financial sector to embrace ‘common-sense’ rules that do not hinder the market. Speaking in the New York Stock Exchange a year after the collapse of investment bank Lehman Brothers, he said there could be no return to the days of reckless risk-taking.
Sainsbury's wants David Tyler as chairman
Monday 14 Sep 2009
Former finance chief of GUS, David Tyler, is expected to be named as the new chairman of supermarket giant Sainsbury’s shortly.
Five-year wait for new house price peak
Monday 14 Sep 2009
It’s going to take at least another five years before UK house prices return to the peak reached in autumn 2007, according to Ernst & Young’s Item Club. The group called the recent improvement in the housing market a ‘false dawn’ and warned that prices will dip in the first half of 2010 before a two-year period of stagnation
Predators stalking big game
Friday 11 Sep 2009
Merger mania has been sparked this week by the Kraft bid for Cadbury and the proposed joint-venture between the UK operations of mobile phone operators Orange and T-Mobile, with pundits posing the question: who’s next?
St Leger Day tears for 'sell in May' investors
Friday 11 Sep 2009
Racing fans were left stunned this week when St Leger favourite Age Of Aquarius pulled out of Saturday’s big race. But it’s unlikely the shock will be anything like the one felt by followers of the old adage ‘Sell in May and go away, come back on St Leger Day’.
Cadbury fires another shot at Kraft
Friday 11 Sep 2009
Cadbury has fired another shot in its battle against Kraft Foods, the US food company that is seeking to take over the UK chocolate and chewing gum company. Arguing that the Kraft offer ‘fundamentally fails to reflect the current value of Cadbury as a standalone business’ the company stressed the strength of its brands
MG Rover report slams Phoenix Four
Friday 11 Sep 2009
After four years and at a cost of £16m, the inquiry into the collapse of UK car maker MG Rover has accused one of the group of businessmen who ran the firm of providing ‘inaccurate and misleading information.’
JD Wetherspoon posts underlying record
Thursday 10 Sep 2009
Pub group JD Wetherspoon is mulling a complete refinancing, possibly including a rights issue to clear its debts after it posted record underlying figures last year. The 731-strong pub group has suspended dividend payments until its get its finances straight, but payouts could resume again after a refinancing.
Bank leaves rates and QE unchanged
Thursday 10 Sep 2009
As expected the Bank of England’s Monetary Policy Committee (MPC) has kept its key interest rate at 0.5% for the sixth month in succession. It has opted not to make any changes to its quantitative easing (QE) programme. Speculation that the Bank might cut deposit rates to discourage banks from hoarding cash proved unfounded.
Tesco insurance deal to create 1,500 new jobs
Wednesday 09 Sep 2009
Tesco said it will create more than 1,500 new jobs with the creation of a new partnership with Belgian company Fortis providing motor and household insurance.
Lehman one year on
Wednesday 09 Sep 2009
It was 15th September 2008, almost exactly a year ago, when the collapse of Wall Street giant Lehman Brothers sent shock waves through the financial world.
Red ink still covers Redrow
Wednesday 09 Sep 2009
Housebuilder Redrow posted another big annual loss as revenue halved and it took more big write-downs on its landbank.
JJB and Sports Direct in price fixing probe
Tuesday 08 Sep 2009
Sports retailer JJB Sports says it is cooperating with a Serious Fraud Office (SFO) enquiry into price fixing after it sparked the probe by informing it of activities to dampen competition.
Sports Direct expects EBITDA of at least £150m
Tuesday 08 Sep 2009
Sportswear retailer Sports Direct said trading levels since July have been ahead of last year.
City's women miss out at bonus time
Monday 07 Sep 2009
Some of the City’s biggest banks are paying women bonuses worth just a fraction of the bumper payouts awarded to their male colleagues, according to a new survey.
Cadbury surge no sugar rush
Monday 07 Sep 2009
The surge in Cadbury’s share price today suggests that food giant Kraft’s 745p a share offer for the group could spark a protracted period of speculation about the Dairy Milk maker.
T-Mobile and Orange in UK merger talks
Monday 07 Sep 2009
Deutsche Telekom and France Telecom have agreed to merge their UK units T-Mobile UK and Orange UK in a 50:50 joint venture company.
Regulator fines Barclays £2.45m for reporting errors
Monday 07 Sep 2009
Barclays has been hit with a £2.45m fine by the FSA for failures in its reporting of transactions.
Defence chiefs on the offensive
Friday 04 Sep 2009
In his farewell address to the nation in 1961, outgoing US President Dwight Eisenhower warned against the acquisition of unwarranted influence by what he described as ‘the military-industrial complex.’
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