Editor's Picks
Consumer confidence still fragile
Friday 25 Feb 2011
Consumer confidence stabilised in February, but remains low amid continuing economic worries, new figures from the research group GfK NOP show.
Online in-play betting drives William Hill
Friday 25 Feb 2011
Online betting and wagers on gaming machines drove growth in revenue at bookmaker William Hill last year.
Pearson helped by FT surge
Friday 25 Feb 2011
Financial Times and Penguin books group Pearson beat full-year forecasts, as promised last month, and expects further improvements in 2011 despite weak markets.
Oil prices calm down after Saudi promise
Friday 25 Feb 2011
Oil prices eased downwards as traders took comfort from Saudi Arabia’s comments that it would pump more oil if needed to meet any shortfall stemming from the Libyan crisis. Brent crude fell back to under $112 per barrel, after almost touching $120 on Thursday. US light crude also fell back from the $100 to trade at just over $97 per barrel.
Oil price soars as unrest spreads
Thursday 24 Feb 2011
Surging oil prices and predictions of much more to come as the Libyan crisis deepens hit stock markets hard Thursday. Broker Nomura suggested light crude could surge to over $200 a barrel if the unrest spreads and Libya and Algeria suspend production totally.
February sales growth slows, CBI says
Thursday 24 Feb 2011
High street sales growth slowed sharply in February and retailers are braced for flat sales next month, the CBI reported today, suggesting that government cuts and the recent VAT rise are hurting the consumer.
Oil price soars as unrest spreads
Thursday 24 Feb 2011
Surging oil prices and predictions of much more to come as the Libyan crisis deepens hit stock markets hard Thursday.
Sportingbet clicking with punters
Thursday 24 Feb 2011
The growth rate of wagers at online sports betting firm Sportingbet tapered off towards in the group’s second quarter, but the group still saw a healthy improvement in punters putting their money where their mouse is.
Capita profits rise despite austerity
Thursday 24 Feb 2011
Capita, the provider of outsourced services that depends on the government for much of its turnover, lifted revenues and profits in the year to 31 December despite the coalition government’s cost-cutting drive.
RBS losses worse than forecast
Thursday 24 Feb 2011
Net losses at taxpayer owned Royal Bank of Scotland (RBS) were twice as bad as expected, and even surpassed the £950m it paid the high fliers at its investment banking arm. Depending on which set of broker forecasts you use, RBS was either expected to post a loss of around £406m or a loss of around £700m after tax and other charges
Centrica signs £2bn Qatar gas deal
Wednesday 23 Feb 2011
British Gas owner Centrica underlined the importance of the Middle East for British interests today with the announcement that it has signed a £2bn deal with Qatar to secure enough liquefied natural gas (LNG) to meet 10% of household gas demands.
Capital & Counties confirms Earls Court talks
Wednesday 23 Feb 2011
Capital & Counties (Capco), the central London-focused property group, has confirmed that it has received expressions of interest about a possible joint venture to redevelop the Earls Court exhibition centre.
Dunedin Enterprise hits 52-week high
Wednesday 23 Feb 2011
Shares in Dunedin Enterprise, the investment trust that specialises in investing in mid-market buy-outs, hit a 52-week high after the company issued impressive full year results for 2010.
Mortage approvals still under par
Wednesday 23 Feb 2011
The number of mortgages approved last month was down 21% from January 2010, as conditions in the UK housing market continue to be subdued.
Record results for Rexam
Wednesday 23 Feb 2011
Consumer packaging giant Rexam grew underlying profit by a bigger than expected 45% in 2010 and expects further progress this year.
Oil price up again as Libya turmoil continues
Wednesday 23 Feb 2011
Oil prices rose again Wednesday as the continuing unrest in Libya stoked fears over supply of the fuel from the North African country and worries that the unrest could spread to other parts of the Arab world. US light sweet crude moved past $96 a barrel, while Brent crude in London topped $107, close to the 2½-year highs seen earlier in the week
Oil price up again as Libya turmoil continues
Wednesday 23 Feb 2011
Oil prices rose again Wednesday as the continuing unrest in Libya stoked fears over supply of the fuel from the North African country and worries that the unrest could spread to other parts of the Arab world.
Debt to assets ratio cut at Capital Shopping
Wednesday 23 Feb 2011
Capital Shopping Centres, the demerged shopping centre development arm of property group Liberty International, said it is strongly positioned for growth in like for like (LFL) net rental income.
Logica aided by second half improvement
Wednesday 23 Feb 2011
Revenues picked up in the fourth quarter to enable software group Logica to recover some ground lost earlier, though sales and profits overall still came in flat last year.
Travis Perkins wary despite bright start
Wednesday 23 Feb 2011
Profits jumped by a fifth last year at builders' merchant and DIY shed group Wickes owner Travis Perkins as all 11 of its businesses performed better than the market, though merchanting was the star. Group revenue rose by 8% at £3.2bn, and 5% higher on a like-for-like basis. Adjusted profit before tax up 20% to £217m, though including exceptinional charges profits fell from £213m to £197m.
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