Editor's Picks
Croda profits soar as chemical sales pick up
Tuesday 22 Feb 2011
The global economic recovery helped speciality chemicals group Croda International more than double pre-tax profits in the year to 31 December.
Oil keeps rising amid Libya violence
Tuesday 22 Feb 2011
Shares were lower across the markets and oil climbed higher for the second day in a row Tuesday as the violence continued in Libya and protests continued elsewhere in the Arab world. The price of a Brent crude passed $108 a barrel in London amid worries over the supply of oil from Libya, which accounts for 2% of global output and is a major supplier to Europe.
Oil keeps rising amid Libya violence
Tuesday 22 Feb 2011
Shares were lower across the markets and oil climbed higher for the second day in a row Tuesday as the violence continued in Libya and protests continued elsewhere in the Arab world.
Moody's heaps more woe on Japan with downgrade
Tuesday 22 Feb 2011
More concerns were raised over Japan’s debt levels as the rating agency Moody’s downgraded its outlook on the Far Eastern economy’s credit rating to “negative” from “stable.”
Informa profits up despite flat sales
Tuesday 22 Feb 2011
Specialist business publisher and trade events group Informa posted a sharp rise in profits in the year to 31 December despite flat revenues as it adjusted to the tough climate by consolidating publications, getting rid of marginal ones and reducing the scale of some events.
Global recovery boosts Genus
Tuesday 22 Feb 2011
The global economic recovery helped animal breeding business Genus lift revenues and profits in the half year to 31 December.
Smokin' figures from Drax
Tuesday 22 Feb 2011
Earnings from power provider Drax in 2010 were ahead of expectations, thanks to record breaking operational plant performance and the strong forward sales the group enjoyed at the start of the year. “We began the year with a strong hedged position, contracted at higher average margins than for 2009,” said chief executive officer, Dorothy Thompson.
Spotify valued at $1bn
Monday 21 Feb 2011
London-headquartered online music service Spotify has become the latest young internet-based company to achieve a dizzying valuation.
Waitrose delivery plans spook Ocado
Monday 21 Feb 2011
Shares in grocery delivery group Ocado fell sharply today amid fears that a new delivery service operated by its main customer, the supermarket Waitrose, could hit sales hard.
Hammerson profits from recovery
Monday 21 Feb 2011
A revaluation of Hammerson’s portfolio of shopping centres and retail parks swung the property giant far into the black during 2010.
Oil soars amid Libya unrest
Monday 21 Feb 2011
The price of a barrel of oil hit its highest level since before the global economic crisis as BP said it was suspending drilling operations in the country due to the turmoil in the oil-producing North African country.
Wood Group hands out more cash
Monday 21 Feb 2011
More cash is heading the way of Wood Group shareholders after the oil services specialist upped its dividend last year by 10% despite profits falling slightly.
Diageo gobbles up Turkish drinks firm
Monday 21 Feb 2011
Spirits brands giant Diageo is to buy Mey Içki, the leading spirits producer and distributor in Turkey.
Oil soars amid Libya unrest
Monday 21 Feb 2011
The price of oil is at its highest level since before the global economic crisis as BP said it was suspending drilling operations in the country due to the turmoil in the oil-producing North African country. Brent crude jumped to $104.25 a barrel, a level not seen since before the oil price plunged during the global financial crisis of late 2008. BP is evacuating about 140 of its employees
Monday newspaper round-up: Osborne, Libya, RBS...
Friday 18 Feb 2011
George Osborne expects the Bank of England’s interest rate committee to disregard last week’s VAT-induced jump in prices, arguing that his Budget cuts would allow rates to be kept “lower for longer”.
Coalition growth strategy slammed by MPs
Friday 18 Feb 2011
Business secretary Vince Cable and his department have been slammed by a select committee of MPs for lacking a strategy to get the UK economy growing again.
Anglo American cements alliance with Lafarge
Friday 18 Feb 2011
Miner Anglo American doubled profits in 2010 and is merging its UK cement, aggregates and ready-mixed concrete business with French giant Lafarge.
Go-Ahead raises full year guidance
Friday 18 Feb 2011
More people are leaving their cars at home and taking the bus, according to Keith Ludeman, the chief executive of public transport group Go-Ahead.
RPS buys oceanography firm
Friday 18 Feb 2011
Environmental consultancy business RPS has bought US-based oceanographic consulting firm Evans-Hamilton Incorporated (EHI).
Rates debate will be hard-fought
Friday 18 Feb 2011
There was plenty of pontificating about what the various noises coming from Bank of England governor Mervyn King this week mean for interest rates. But in truth, we are still none the wiser about when the Bank will actually raise interest rates from their current low levels. On Tuesday, news that the government’s main measure of inflation, the consumer price index (CPI), accelerated to 4%
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