Editor's Picks
Broker tips: Vodafone, Glaxo, Next
Friday 10 Jul 2009
Vodafone is losing share in three of its four main European markets according to UBS, which has downgraded its rating of the mobile phone giant.
Anglo American confirms Parker as chairman
Friday 10 Jul 2009
Anglo American has confirmed the appointment of Sir John Parker as chairman from the end of the month succeeding Sir Mark Moody-Stuart who is to retire after seven years as chairman. Sir John is chairman of National Grid and is also joint chairman of the Mondi Group with Cyril Ramaphosa and a former chair of the Court of the Bank of England.
Celebrities mull legal action over alleged phone-tapping
Thursday 09 Jul 2009
Pressure is growing on the head of public relations for the Conservative Party and former News of the World editor Andy Coulson after celebrities who allegedly had their phones tapped by the newspaper said they were considering legal action.
BoE decides not to print more cash
Thursday 09 Jul 2009
The Bank of England has kept UK interest rates at a record low and surprised the City by choosing not to expand its £125bn quantitative easing programme. Borrowing costs were widely tipped to stay at 0.5% for the fourth month, but Monetary Policy Committee members were also expected to vote in favour of pumping another £25bn into the economy
Wholesale prices in Japan fall to record lows
Thursday 09 Jul 2009
Wholesale prices in Japan for June fell at their fastest pace since records began in 1960, raising fears about deflation.
FUM at Man dip as investors withdraw funds
Thursday 09 Jul 2009
Fund manager Man Group reported a slight dip in assets under management in the first quarter as customers withdraw funds, but said it is well placed to grow market share.
Currency moves give AB Foods a lift
Thursday 09 Jul 2009
Associated British Foods has seen year-on-year increases in revenue across the group in the first 40 weeks of its financial year. The retail division, which comprises the clothing chain Primark, saw revenues rise 20% year-on-year (yoy) in the 40 weeks to 20 June 2009.Revenue in the sugar division, which includes the Silver Spoon brand, saw sales rise 21% yoy over the same period.
Google tightens grip on Microsoft's throat
Wednesday 08 Jul 2009
The widely expected announcement by Google of a new computer operating system based on its Chrome browser represents a potentially fatal threat to Microsoft, the company which has owned the PC desktop since it released MS-DOS in 1983.
IMF predicts end to recession
Wednesday 08 Jul 2009
The International Monetary Fund (IMF) has improved its outlook for the UK economy, predicting an end to the recession and return to growth in 2010.
House price decline eases
Wednesday 08 Jul 2009
More evidence that the property slump is nearing an end has emerged with the latest Halifax data showing that the fall in house prices has eased in June.
EU slaps €1.1bn fine E.ON and GDF
Wednesday 08 Jul 2009
The European Commission has fined energy giants E.On and GDF Suez more than €1.1bn for breaking EU antitrust rules.
Monday newspaper round-up: Friends Provident, Venture Production,
Wednesday 08 Jul 2009
Clive Cowdery, the insurance tycoon, plans to bypass the Friends Provident board and take his £1.7 billion bid directly to shareholders as he forges ahead with plans to create a super-sized insurer.
Comment: The curious case of JJB, Sir David and Mr Ashley
Tuesday 07 Jul 2009
The decision of Sir David Jones to take over day-to-day management at beleaguered JJB Sports looked an odd move when it was announced in January.
EU slaps €1.1bn fine E.ON and GDF
Tuesday 07 Jul 2009
The European Commission has fined energy giants E.On and GDF Suez more than €1.1bn for breaking EU antitrust rules.
Google takes on Microsoft in PC market
Tuesday 07 Jul 2009
Search engine Google is to go head to head with Microsoft in the global software market by launching a new PC operating system based around its web browser Chrome.
BT drops plans to use Phorm technology
Monday 06 Jul 2009
Shares in Internet advertising technology firm Phorm took a tumble after telecoms giant BT opted not to proceed with trials of Phorm’s Webwise technology.
Tullow output falls 16%
Monday 06 Jul 2009
Tullow Oil says interim revenue will likely fall 23% following a drop in production and lower commodity prices.
JJB Sports looking for up to £50m
Monday 06 Jul 2009
JJB Sports has confirmed it is looking at raising up to £50m, including a possible share issue, to provide additional funding for the group.
Persimmon encouraged by improvement
Monday 06 Jul 2009
Housebuilder Persimmon has seen both volume and revenues improve recently and expects that trend to continue against the weak conditions experienced throughout the second half of 2008. The group also said unless there is a substantial change in current market conditions, it does not expect to make any further land writedowns.
Scrappage scheme slows car sale slump
Monday 06 Jul 2009
New car registrations fell at the lowest rate in nearly a year in June as a government scheme to subsidise car purchases began to boost sales, new figures from the Society of Motor Manufacturers and Traders (SMMT) said.
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