Editor's Picks
AMEC trading at top end of expectations
Thursday 11 Nov 2010
AMEC, the provider engineering and project management services to the oil & gas and other sectors, said trading has been towards the top end of expectations this year as all three divisions stay busy. The company has continued to see organic growth in each of its three divisions, it said, adding that the order book stood at £3.1bn at the end of October, up from £3bn a year previously.
GM's profits surge in Q3
Wednesday 10 Nov 2010
General Motors swung to a profit of $2bn in its third consecutive quarter of profitability ahead of its return to the stock market next week.
Sainsbury's profit meets City forecasts
Wednesday 10 Nov 2010
Sainsbury’s made enough money during the first half to keep the analysts happy and sales were pretty much as expected given the supermarket giant issued an update just a month ago.
Cameron warns of China currency threat
Wednesday 10 Nov 2010
China’s export boom threatens rival economies, prime minister David Cameron warned today as the country announced one of its biggest trade surpluses of the year. The coalition leader, part of a high-profile trade mission, told the Chinese they must do much more to correct their trade imbalance. His comments are likely to stoke tensions ahead of tomorrow’s G20 meeting in South Korea
Sales growth accelerates at SuperGroup
Wednesday 10 Nov 2010
Trendy clothing group SuperGroup saw its breakneck growth speed up in the three months to the end of October.
Asia momentum drives Prudential
Wednesday 10 Nov 2010
Another strong performance from its Asian operations helped Prudential's sales jump 17% over the last three months, though the US and UK also went well.
Tullow Oil expects top end from Jubilee
Wednesday 10 Nov 2010
Tullow Oil has confirmed the Jubilee field in Ghana will move into production next month, December, with its working interest forecast at an average 58,000 barrels daily, the top end of previous guidance. Elsewhere, an appraisal programme to delineate the recently discovered Owo and Tweneboa fields commences shortly.
Cameron does the business in China
Tuesday 09 Nov 2010
David Cameron wants to double business between the UK and China within five years, and this week’s “fruitful” trade mission to Beijing is a good start.
Train overcrowding to get worse, MPs say
Tuesday 09 Nov 2010
Trains will get more crowded in England and Wales in the next four years because operating companies don’t have to increase capacity in line with higher fares, a report by MPs said.
AB Foods crashes £10bn revenue barrier
Tuesday 09 Nov 2010
Primark and British Sugar owner Associated British Foods saw annual sales smash through the £10bn barrier for the first time, with a little help from an extra week’s trading.
Barclays grows 9-month profit
Tuesday 09 Nov 2010
Barclays eked out a small increase in nine-month profit as a doubling of profit at the investment banking arm offset huge impairment charges at the Spanish business.
M&S to focus mainly on the UK in the short term
Tuesday 09 Nov 2010
Marc Bolland, the new boss of Marks & Spencer, said that the near-term focus of the retailer will remain mainly on the UK, with the aim of becoming the UK's leading multi-channel retailer by 2013/14. Bolland unveiled his strategic plan for Marks & Spencer alongside interim results that showed adjusted profit before tax in the 26 weeks to 2 October up 16.9% to £348.6m from £298.3m a year earlier.
Stamp prices to rise by 10%
Monday 08 Nov 2010
Stamp prices could rise more than 10% next spring after the postal regulator Postcomm unveiled plans to give the Royal Mail more freedom to cope with competition by lifting prices.
Rok calls in administrators, shares suspended
Monday 08 Nov 2010
Property repair and maintenance company Rok has gone into administration and the shares have been suspended.
Lord Hesketh quits Babcock over aircraft carrier rant
Monday 08 Nov 2010
Lord Hesketh has resigned as deputy chairman at Babcock International after claiming the two new aircraft carriers his company is building for the Royal Navy will make Britain “a laughing stock”. His 17-year career at Babcock – 14 as deputy chairman – was brought to a swift end following an interview with the Daily Telegraph in which he branded the carrier programme a “disaster”
Shell raises £2.07bn by reducing Woodside stake
Monday 08 Nov 2010
Anglo-Dutch oil giant Royal Dutch Shell is to reduce its stake in Australian company Woodside Petroleum. The group is to sell 78.34m shares in Woodside, reducing its stake by ten percentage points to 24.27%. The shares are being sold at AU$42.23 a share. Shell has committed to maintaining its stake in Woodside for at least a year, subject to certain restrictions.
Gartmore launches strategic review as Guy steps down
Monday 08 Nov 2010
Troubled fund manager Gartmore has launched a strategic review of its entire business after two of its top fund managers decided to quit.
Inmarsat on track for good result
Monday 08 Nov 2010
Satellite operator Inmarsat saw strong growth in its aeronautical and leasing services in the third quarter.
Bovis cautiously confident
Monday 08 Nov 2010
Housebuilder Bovis said it expects market conditions to remain challenging over the next few months but remains confident it can sell more homes in 2011. "Whilst there remains uncertainty concerning the near term direction of house prices, the fundamental demand and supply drivers of the housing market remain positive," the group said in Monday's interim statement.
Canadians buy Channel Tunnel link for £2.1bn
Friday 05 Nov 2010
The government has sold the right to run the high speed rail link between London and the Channel Tunnel to a Canadian consortium for £2.1bn.
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