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  • Holidaybreak raises £33m for education expansion

    Monday 15 Jun 2009

    Camping and short break holiday specialist Holidaybreak is to raise £33.2m through a fully underwritten rights issue.

  • Endemol eyes Setanta stake

    Monday 15 Jun 2009

    There’s potentially more good news for struggling sports broadcaster Setanta as rumours do the rounds that Dutch media giant Endemol could take a stake.

  • Airlines forced to change to survive

    Friday 12 Jun 2009

    The word “change” has been used a lot in the last few months; it was President Obama’s mantra before the US elections, while the onset of the credit crises has propelled many to suggest the whole financial system needs to be overhauled. It is now being used by airliners as they fight for survival.

  • Week Ahead: Tesco, Halma, Whitbread

    Friday 12 Jun 2009

    Supermarket titan Tesco gives a trading update on Tuesday and the expectations are for the market leader to again show like-for-like (LFL) sales growth that pales in comparison with sector up-and-comer Wm. Morrison, which last week announced a 9.2% year-on-year increase in LFL sales in the 13 weeks to 3 May.

  • Week Ahead: Tesco, Halma, Whitbread

    Friday 12 Jun 2009

    Supermarket titan Tesco gives a trading update on Tuesday and the expectations are for the market leader to again show like-for-like (LFL) sales growth that pales in comparison with sector up-and-comer Wm. Morrison, which last week announced a 9.2% year-on-year increase in LFL sales in the 13 weeks to 3 May.

  • Nationwide threatens housing recovery

    Friday 12 Jun 2009

    The chattering classes will have plenty to discuss at the dinner table this weekend, as Nationwide’s decision to hike the cost of its fixed rate mortgages threatens the fragile recovery in Britain’s housing market.

  • White knight in Setanta rescue offer

    Friday 12 Jun 2009

    Troubled sports broadcaster Setanta may have been saved, it emerged this afternoon, with US investor Len Blavatnik said to have offered £20m for a 51% stake.

  • New hope for Setanta

    Friday 12 Jun 2009

    There’s hope that troubled sports broadcaster Setanta could be saved from administration by a new investor, according to reports.

  • John Lewis sales melt in the heat

    Friday 12 Jun 2009

    Hot weather and a 9% slump within the home department had sales at retailer John Lewis down 2.9% last week.

  • Vedanta shareholder declines $1bn cash call

    Friday 12 Jun 2009

    Indian refiner and miner Vedanta is to raise $1bn through an issue of covertible bonds, though major shareholder Volcan has declined to take part in the issue.

  • China surveys lift economic hopes

    Friday 12 Jun 2009

    Hopes of a global economic revival were raised again after China's May factory output rose more than expected and retail sales growth accelerated.

  • National Express to pass debt test

    Friday 12 Jun 2009

    National Express expects to meet its key covenant of adjusted net debt to EBITDA not exceeding 3.5 times at 30 June and its banks have agreed to retain this covenant at a maximum of 4 times.

  • IEA raises crude demand forecast

    Thursday 11 Jun 2009

    Oil moved to $72 a barrel today after the International Energy Agency raised its demand forecast for the first time in almost a year.

  • Japan GDP revised up but still record low

    Thursday 11 Jun 2009

    Japan's economy in the first quarter shrank less than previously announced but still contracted at it fastest rate since World War II.

  • Home Retail boss cautious despite higher sales

    Thursday 11 Jun 2009

    Retailer Home Retail posted better than expected sales at Argos and Homebase, but the firm’s shares were little changed after its chief executive cautioned against reading too much into supposed green shoots of economic recovery.

  • Charles Stanley profits slide

    Thursday 11 Jun 2009

    Charles Stanley said difficulties in the securities division due to the poor financial market conditions hit profits and revenues in the year.

  • BoA's Ken Lewis testifies on Merrill buy

    Thursday 11 Jun 2009

    Bank of America chief executive Ken Lewis admitted that pressure from federal regulators convinced him to proceed with the takeover of Merrill Lynch last year. He told lawmakers at a US House Oversight and Government Reform Committee hearing that he had almost backed out of the deal on finding out exactly how much Merrill was losing.

  • Rate rises way off, admits BoE's Barker

    Wednesday 10 Jun 2009

    Comments made by Monetary Policy Committee member Kate Barker suggest UK interest rates are unlikely to rise until well into next year.

  • UK output hike gives hope

    Wednesday 10 Jun 2009

    Industrial production rose for the first time in 14 months in April, while an increase in activity at car plants helped manufacturing output improve for the second month in a row. Output jumped 0.3% from the month before, according to the Office for National Statistics, the first rise since February 2008 and better than the 0.1% fall predicted by analysts.

  • Nationwide plans rate hike shock

    Wednesday 10 Jun 2009

    Homeowners planning to take out a new fixed-rate mortgage deal are being urged to get their skates on following reports that Nationwide is planning to hike its most popular deals.

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