Editor's Picks
Thomas Cook enters Russian market
Thursday 25 Nov 2010
Travel firm Thomas Cook is to enter the Russian market through a joint venture with a leading Russian holiday company.
Peel takes 20% stake in CSC in Trafford Centre deal
Thursday 25 Nov 2010
Capital Shopping Centres Group, the shopping centre arm of what used to be Liberty International, has put pen to paper to purchase Manchester’s Trafford Centre in a deal worth £1.6bn.
Pennon sqeezes out rise in profit
Thursday 25 Nov 2010
Water and waste group Pennon managed a small increase in half-year profit as a big jump at recycling business Viridor offset a decline at South West Water.
Cost cutting lifts Daily Mail profits
Thursday 25 Nov 2010
Cost-cutting helped Daily Mail and General Trust (DMGT) post a sharp rise in profits in the year to 3 October in a tough market, but the newspaper publisher remains cautious on the outlook. Pre-tax profits at the Daily Mail publisher were up to £247m from £201m the previous year, even as revenues fell to £1.98bn from £2.12bn, though they were up by 2% on an underlying basis.
Ireland unveils austerity plan
Wednesday 24 Nov 2010
The Irish government has unveiled a four-year plan of hefty tax-rises and swingeing cuts to address the huge deficit that forced the former Celtic tiger to accept an EU bail-out.
Third quarter GDP growth confirmed at 0.8%
Wednesday 24 Nov 2010
The economy grew 0.8% in the third quarter, new figures have confirmed. Strong exports boosted growth, which surprised many when they were initially released last month. Analysts had been predicting an improvement of about 0.4% for the three month period. Howard Archer, chief European economist at IHS Global Insight predicts 0.5% expansion for Q4
Sportingbet's mobile offering gaining traction
Wednesday 24 Nov 2010
Sportingbet, the online bookie, continues to see strong growth in the ‘in play’ side of the business.
Paragon profit powers ahead
Wednesday 24 Nov 2010
Buy-to-let mortgage lender Paragon reported a sharp increase in full year profit on strong rental demand, a decrease in its provision for losses and as the turmoil of the credit market crisis continues to fade.
Compass dividend up a third after record profits
Wednesday 24 Nov 2010
A bullish Compass has upped its dividend by a third as cash and new business flowed through the contract caterer's door over the past year.
Big upturn at HaiKe
Wednesday 24 Nov 2010
HaiKe Chemical, a China-based manufacturer of petrochemicals, speciality chemicals and biochemicals, has seen a 'material improvement' in trading in all of its businesses since its last half-year.
United Utilities slightly ahead
Wednesday 24 Nov 2010
Interim results from water supplier United Utilities were slightly ahead of management expectations. In the six months to 30 September the company made an underlying profit before tax of £196.2m, down from £258.2m the year before. Reported profit before tax tumbled to £122.2m from £189.9m the year before.
Train fares to rise by 6.2%
Tuesday 23 Nov 2010
Train fares will rise by an average of 6.2% from next year as cuts to government spending require passengers to pay more. The Association of Train Operating Companies says the average price for a single journey will rise to £5.19 in January 2011, from £4.89 currently. The price increases come as the government seeks to sustain investment in UK railways, following the spending review
FBI raids target insider trading
Tuesday 23 Nov 2010
Raids by the FBI on the offices of three US hedge funds are thought to be the start of a big clampdown on insider trading.
Divi resumption hopes dashed at M&B
Monday 22 Nov 2010
Mitchells & Butlers' debt reduction programme has cut the pub group’s interest bill, helping boost full-year profit by 26%. The All Bar One and Harvester owner reported profit before tax and exceptional items up to £169m for the year ended 25 September from £134m a year ago. Revenue rose 1.1% to £1.98bn.
Qantas A380s back in the air this weekend
Monday 22 Nov 2010
A pair of A380 superjumbos owned by Qantas will resume flights again on Saturday, three weeks after the airline’s entire fleet was grounded after an engine exploded mid-flight.
Irish banks slide afer bail-out
Monday 22 Nov 2010
Worries that the European debt crisis could spread to other countries following Ireland’s acceptance of a bail-out sent shares in banks lower Monday. While markets initially moved higher as investors breathed a sigh of relief when the Irish government put an end to lingering uncertainty about accepting a bail-out, shares soon fell back amid worries over whether the bail-out will really solve underlying problems.
Ireland requests EU bail-out
Monday 22 Nov 2010
Ireland's acceptance last night that it needed an EU/IMF-backed rescue package brought some calm to money markets in early dealings. he euro is up against the dollar while Asian stock markets improved on hopes it might ease concerns about the rest of the eurozone. Irish prime minister Brian Cowen made the announcement after an emergency Cabinet meeting in Dublin yesterday.
Most dangerous places to do business
Friday 19 Nov 2010
Working overseas can be an adventure and make you bundles of cash, but ex-pats in some of the world’s most dangerous places face a growing threat from terrorism, kidnapping, violent crime and theft.
Fuller's cushioned by south-east base
Friday 19 Nov 2010
London-based pub group and brewer Fuller's shrugged off the economic gloom with progress in all divisions but especially its hotels and managed pubs arm over the past six months.
Lower bad debts boost Nationwide
Friday 19 Nov 2010
Building society Nationwide's underlying first half profits jumped by more than a quarter helped by lower bad debts, especially in commercial property, despite a sharp fall in net interest income.
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