Editor's Picks
Astra's BRILIQUE gets EC green light
Monday 06 Dec 2010
The European Commission has granted marketing authorisation to AstraZeneca’s BRILIQUE blood thinning drug.
Desire's hopes dashed
Monday 06 Dec 2010
The drilling programme of North Falklands oil explorer Desire Petroleum continues to frustrate, as the company has plugged and abandoned the 14/15-2 Rachel North well. The announcement dashes hopes raised last week when the company said it had found oil at the prospect. Studies showed the hydrocarbons found are residual and that the mobile fluid is water.
Another downgrade for UK economy
Friday 03 Dec 2010
Britain's rate of growth in 2011 will be lower than previously expected due to the impact of the eurozone crisis and austerity measures, the British Chamber of Commerce predicts. The UK economy is now expected to grow by 1.9% in 2011 compared to a previous forecast of 2.2% published in September. January's VAT increase to 20%
Berkeley in forecast-beating mood
Friday 03 Dec 2010
Berkeley Group, the London and south-east England focused housebuilder, has had a “strong” first half and thinks it can beat original expectations for the full-year. Profit before tax for the six months ended 31 October grew 18.5% to £61.6m as revenue jumped 16% to £336.2m. Net asset value (NAV) per share was up almost 5% to 667.6p.
Trafficmaster founders charging back to market
Friday 03 Dec 2010
Trafficmaster’s founders are on course for a return to the stock market with their latest business which is installing charging posts for electric vehicles.
Sunday newspaper round-up: Glencore, Energy bills, RBS...
Friday 03 Dec 2010
Glencore, the world’s biggest commodities trader, is poised for a £31bn float that should be one of the largest ever on the London Stock Exchange.
S&P sees mixed prospects for European firms
Thursday 02 Dec 2010
While there has been much doom-mongering about the ongoing eurozone debt situation, when it comes to European companies’ prospects, the ratings agency Standard & Poors strikes a cautiously upbeat tone.
Snowy weather hits retailers
Thursday 02 Dec 2010
The current spell of wintery weather has already begun taking its toll on businesses.
AstraZeneca raided over generic concerns
Thursday 02 Dec 2010
Drugs maker AstraZeneca has admitted that its premises have been raided by EU competition regulators as part of an investigation into collusion to block the entry of cheaper generic drugs to the market.
Marstons profits rise as managed pubs shine
Thursday 02 Dec 2010
Pub group and brewer Marston’s posted a rise in profits despite tough trading in the year to October 2, helped by its shift towards food-oriented pubs.
Sales flat at Kingfisher
Thursday 02 Dec 2010
The UK & Irish operations of Kingfisher were a drag on sales growth in the third quarter, as the DIY retailer reported an 8.2% year on year increase in retail profits.
Britvic profits up as sales stay strong
Thursday 02 Dec 2010
Soft drinks group Britvic’s full-year profits were higher as sales continued fizzing in spite of subdued economic conditions.
Rio Tinto in JV with Chinalco
Thursday 02 Dec 2010
Mining giant Rio Tinto is to be the junior partner in a joint venture with the Aluminium Corporation of China, better known as Chinalco. Chinalco, which is a major customer and shareholder of Rio Tinto, will own 51% of the joint venture (JV) which has been formed to explore mainland China for world-class mineral deposits. Rio Tinto will own the remaining 49%.
Desire strikes oil in Falklands
Wednesday 01 Dec 2010
Desire Petroleum has found oil in the treacherous waters off the Falkland Islands, according to preliminary data collected from Rachel North exploration well 14/15-2.
Manufacturing activity hits 16-year high
Wednesday 01 Dec 2010
Activity in the manufacturing sector hit levels not seen in 16 years last month, far exceeding analysts’ expectations. The Markit/Chartered Institute of Purchasing and Supply (CIPS) manufacturing index jumped to 58 in November from 55.4 in October. Analysts had been predicting the reading would slip slightly. A reading above 50 indicates expansion.
Prudential chief still focused on Asia
Wednesday 01 Dec 2010
Prudential chief executive Tidjane Thiam has made Asia the cornerstone of a plan to drive the life insurance group's profits strongly forward over the next two years.
Sage sales grow in second half
Wednesday 01 Dec 2010
Sage, the blue chip accountancy software firm, has posted a 14% increase in full-year underlying pre-tax profit thanks to a cost-cutting drive, mostly in North America.
Avanti looks to untapped markets after satellite launch
Wednesday 01 Dec 2010
Broadband satellite operator Avanti Communications reported a full year pre-tax loss as revenue fell but remained upbeat following the launch of its multi million pound HYLAS 1 satellite earlier this week.
Google under investigation as rivals claim abuses
Tuesday 30 Nov 2010
The European Commission has begun an investigation into whether Google abused its dominant market position following complaints from rivals.
TUI names Waggott its new FD
Tuesday 30 Nov 2010
TUI Travel has picked commercial director William Waggott as its new finance chief, replacing Paul Bowtell, dumped for his part in the fiasco that forced the company to restate results for the 2008/09 and take an extra £88m charge.
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