Editor's Picks
Seven banks fail European stress test
Friday 23 Jul 2010
EU lenders have been given a largely clean bill of health when European banking regulators released the results of their so-called stress test on Friday.
BP chief Hayward tipped to stand down
Friday 23 Jul 2010
Tony Hayward, the embattled chief of BP is expected to stand down from the oil giant within the next twenty-four hours, according to widespread reports on Sunday. Bob Dudley, who recently took over the handling of the Gulf of Mexico oil leak that has brought the company to crisis point over recent months, is widely tipped as his likely successor.
Second quarter growth smashes expectations
Friday 23 Jul 2010
Economic growth in the UK smashed expectations in the second quarter helped by increases in the construction and finance sectors. Gross domestic product (GDP) grew by 1.1% during the quarter, according to the Office for National Statistics (ONS), ahead of expectations of 0.6% and the strongest growth since the first quarter of 2006. The construction sector notched up growth of 6.6%
Second quarter growth smashes expectations
Friday 23 Jul 2010
Economic growth in the UK smashed expectations in the second quarter helped by increases in the construction and finance sectors.
Fuller's going well as sun shines on London
Friday 23 Jul 2010
Hot weather in the south-east helped Fuller's, the London-based brewer and pub group, trade well over the past 16 weeks.
Sales bubbling at Britvic
Friday 23 Jul 2010
Chelmsford based soft drinks maker Britvic hailed robust top line growth in its third quarter.
Salamander abandons well
Friday 23 Jul 2010
Asia-focused oil and gas exploration and production company Salamander Energy has plugged and abandoned its Tom Hum Xanh-1X exploration well, offshore southern Vietnam.
Vodafone returns to organic revenue growth
Friday 23 Jul 2010
Mobile phone network operator Vodafone returned to organic revenue growth in the April to June quarter of 2010 for the first time since the near global recession. Group revenue increased by 4.8% to £11.3bn and group service revenue increased by 4.9% to £10.6bn. On an organic basis, service revenue increased by 1.1% as each of the regions delivered improved service revenue trends.
Two jailed for £7m boiler room scam
Thursday 22 Jul 2010
Two men running a “boiler room” fraud that conned gullible investors out of £7m have been jailed for seven years at Ipswich Crown Court.
Equitable Life victims insulted by compensation offer
Thursday 22 Jul 2010
Long suffering Equitable Life policyholders stand to receive just £500m compensation, a fraction of the £5bn demanded by the Equitable Members Actions Group. Payouts will begin in the middle of next year, Treasury Financial Secretary Mark Hoban said today, although the overall size of the compensation fund will be considered “in the light of what is affordable” as part of October's spending review
Capita sees opportunity in austerity measures
Thursday 22 Jul 2010
Working out whether companies that depend on the public sector will benefit from or be hurt by government austerity measures is a confusing business.
Auto slowdown could hurt Johnson Matthey
Thursday 22 Jul 2010
Platinum refiner Johnson Matthey has had a strong start to the financial year, but the company, which sells catalysts for cars, warned that second quarter results may be affected by reduced consumer confidence.
Bernanke comments blunt risk appetite
Thursday 22 Jul 2010
Fed Chairman Ben Bernanke’s Humphrey Hawkins testimony served to put the skids under risk appetite, and sparked a sharp rise in the dollar late last night after he stated that the economic outlook remains “unusually uncertain”, though he was at pains to rule out the likelihood of a double-dip recession.
Earnings disappoint at Autonomy
Thursday 22 Jul 2010
Autonomy, a heavy hitter in the corporate software world, delivered record first half profits and revenues, but it was not enough to please the market.
Santander plans £3bn London float
Thursday 22 Jul 2010
Spanish bank Santander is reportedly planning a listing of its UK operations on the London Stock Exchange in move that could raise up to £3bn.
Lonmin confident of strong fourth quarter
Thursday 22 Jul 2010
South African platinum miner Lonmin saw output from its underground mining operations increase quarter on quarter in the April to June period.
SSE offers comforting words on divi
Thursday 22 Jul 2010
Energy provider Scottish and Southern Energy (SSE) is on course to deliver expected dividend growth, despite operating in a challenging environment.
Imperial Tobacco's cigarette volumes drop
Thursday 22 Jul 2010
Imperial Tobacco said cigarette volumes for the nine months to June were down 4.3% as a result of market declines in Spain, USA, Russia and Ukraine being only partly offset by gains in Central Europe.
Kingfisher on track despite lfl sales drop
Thursday 22 Jul 2010
DIY retailer Kingfisher, which owns the B&Q chain in the UK, reported a small drop in like-for-like sales in the 10 weeks to 10 July, but said half year profits remain on track. Like-for-like sales were down 0.8%, with total sales up 0.3% in constant currencies.Chief executive Ian Cheshire said: "Consumer spending remains under pressure, notably in the UK."
Auto slowdown could hurt Johnson Matthey
Thursday 22 Jul 2010
Platinum refiner Johnson Matthey has had a strong start to the financial year, but the company, which sells catalysts for cars, warned that second quarter results may be affected by reduced consumer confidence.
You are here: news > editors picks
10 Lower Thames St,
London EC3R 6EN