Editor's Picks
Surprise sales hike lifts Carpetright
Wednesday 05 Aug 2009
Shares in Carpetright have jumped after the carpet retailer posted a surprise rise in like-for-like sales in UK and Ireland in the 13 weeks to August 1.
ITV posts loss, sells Friends Reunited
Wednesday 05 Aug 2009
Broadcaster ITV posted a fall in revenues and continued losses in the six months to June 30 as advertising revenues slumped and announced the sale of website Friends Reunited.
Carpetright prospers in UK, struggles in Europe
Wednesday 05 Aug 2009
Carpet retailer Carpetright posted a rise in like-for-like sales in UK and Ireland in the 13 weeks to August 1, but saw continuing declines in mainland Europe.
Ladbrokes cuts divi as profits suffer
Wednesday 05 Aug 2009
Bookmaker Ladbrokes has dropped its half-year dividend by 31% following a slip in profits and the “uncertain” outlook.
UBS losses widen, BNP profits up 6.6%
Tuesday 04 Aug 2009
Banks in mainland Europe painted a mixed picture today with Swiss giant UBS posting a wider second quarter loss, while France’s biggest bank BNP Paribas saw profits rise 6.6%.
Technical Analysis: StanChart dips despite beating expectations
Tuesday 04 Aug 2009
Despite reporting a 36% increase in half year profits in its wholesale banking unit, and an increase in net income, above market estimates, Standard Chartered’s share price has started to trade lower.
Legal & General cuts divi by 45%
Tuesday 04 Aug 2009
Insurer Legal & General tumbled Tuesday after a 92% plunge in operating profit prompted a 45% cut in the dividend. European embedded value (EEV) operating profit rose 12% to £657m for the six months to 30 June, up from £589m a year ago, but it slumped to £31m from £391m on an IFRS basis. There was also an IFRS pre-tax loss of £143m versus a deficit of £44m last time.
Technical Analysis Snap: Gold creeping towards resistance
Tuesday 04 Aug 2009
While equity markets have continued to rise since March and the US dollar has declined the Gold price has slowly crept higher back towards its all-time highs.
Technical Analysis: StanChart dips despite beating expectations
Tuesday 04 Aug 2009
Despite reporting a 36% increase in half year profits in its wholesale banking unit, and an increase in net income, above market estimates, Standard Chartered’s share price has started to trade lower.
UBS losses widen, BNP profits up 6.6%
Tuesday 04 Aug 2009
Banks in mainland Europe painted a mixed picture today with Swiss giant UBS posting a wider second quarter loss, while France’s biggest bank BNP Paribas saw profits rise 6.6%.
Carmakers pin hopes on scrappage
Tuesday 04 Aug 2009
The global car industry looks to be firmly on the road to recovery following another batch of upbeat sales data this week, but quite how much of this is down to the various government scrappage schemes remains to be seen.
Metals slump hits Xstrata
Tuesday 04 Aug 2009
Sharply lower metals prices resulted in a steep drop in sales and earnings at the diversified miner Xstrata in the first half. Operating profit in the six months to June 30 fell to $1.67bn from $4.5bn over the same period the previous year as revenue slid to $9.87bn from $16.09bn. t will not pay a dividend at the interim period, but will resume payments ‘at the earliest opportunity’
Ford manages rise in monthly sales
Monday 03 Aug 2009
Ford shares were driven higher on Monday by news that the motor giant recorded its first monthly sales increase since November 2007.
Google chief Schmidt exits Apple board
Monday 03 Aug 2009
Eric Schmidt, chief executive at search engine Google, has left the board of Apple as competition between the two tech giants hots up.
House prices to leap 20% in 5 years
Monday 03 Aug 2009
House prices could be 20% higher than this year’s average by 2014 due to a lack of supply, according new figures out today.
Manufacturing sector returns to growth
Monday 03 Aug 2009
Britain’s manufacturing sector grew for the first time in 16 months in July, lending further support to claims the country is heading out of recession.
AstraZeneca diabetes drug gets US approval
Monday 03 Aug 2009
AstraZeneca has received approval from the US Food and Drug Administration for the use of its ONGLYZA to treat type 2 diabetes in adults.
Technical Analysis: Barclays results boost shares
Monday 03 Aug 2009
Monday mornings news that Barclays had delivered profits of £3bn for the first half of 2009, an increase of 8% on last year, but slightly under analyst expectations.
Oil companies not looking so slick
Friday 31 Jul 2009
A week of results from the global giants of the oil sector has left the companies’ shareholders feeling nostalgic for the good old days of 2008.
Week Ahead: UK banks, Unilever
Thursday 30 Jul 2009
UK tax payers get to find out on Friday how their High Street bank, Royal Bank of Scotland, performed in the first half of the year.
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