Editor's Picks
Obama signs financial overhaul bill into law
Wednesday 21 Jul 2010
President Barack Obama on Wednesday signed the Wall Street reform bill, the most historic set of financial rules since the Great Depression. "These reforms represent the strongest consumer financial protections in history," Obama said. "And these protections will be enforced by a new consumer watchdog with just one job
Ocado shares slump after float
Wednesday 21 Jul 2010
Ocado has had a difficult stock market debut with the grocery delivery firm’s shares slumping from an offer price that had already been slashed.
Apple enjoys best quarter as iPads boom
Wednesday 21 Jul 2010
Apple posted much better than forecast numbers after the closing bell last night as iPad sales boomed.
C&W warning a taste of things to come
Tuesday 20 Jul 2010
The government received two important signals today; one demonstrating the need to deal with the parlous state of the nation’s finances, and one indicating the pain tackling the deficit will cause.
Ocado float priced at 180p
Tuesday 20 Jul 2010
Ocado has slashed the price at which shares grocery delivery group will be floated following widespread criticism of its initial flotation plans.
Goldman Sachs in profit plunge
Tuesday 20 Jul 2010
Profit slumped 82% at Goldman Sachs in the second quarter as the Wall Street titan took a hit from Britain’s bank bonus tax and a fraud settlement with the Securities and Exchange Commission.
Ryanair hit by ash cloud
Tuesday 20 Jul 2010
Profits at Ryanair slipped by a fifth as the €50m cost of the volcanic ash cloud hit its first quarter, while the no-frills airline remains cautious for the remainder of the year.
US clears BA alliance with American Airlines
Tuesday 20 Jul 2010
US authorities have told British Airways, American Airlines and Iberia they are free to run a joint business on transatlantic flights after granting the trio anti-trust immunity.
Reckitt snaps up SSL for £2.5bn
Tuesday 20 Jul 2010
After years of rumour and speculation, one of the market's most widely tipped takeovers is about to come to fruition after condom and footcare group SSL agreed an all-cash bid from Reckitt Benckiser. Reckitt is to pay SSL shareholders 1,163p per share with a final dividend taking the total up to 1,171p per share. The bid values SSL in total at £2.54bn.
BP given extra 24 hours to keep well shut
Monday 19 Jul 2010
BP has been told it can keep the cap on its broken well in the Gulf of Mexico for another 24 hours despite fears it may be causing a new leak elsewhere on the ocean floor.
Aquarius Platinum appeals against mine directive
Monday 19 Jul 2010
Shares in platinum miner Aquarius plunged as the South African government ordered root and branch changes to mine construction after a spate of fatal accidents.
Int'l Power and GDF renew partnership talks
Monday 19 Jul 2010
International Power and French energy giant GDF Suez have revived talks about entering a partnership to create a new London listed electricity group.
Monday newspaper round-up: AIA, International Power, BT
Friday 16 Jul 2010
Mark Tucker, the former chief executive of Prudential, has been parachuted in as the new boss of AIA, the Asian insurer that its British peer tried and failed to buy for $35.5bn.
Ocado flotation not quite okayed
Friday 16 Jul 2010
Grocery delivery firm Ocado will press ahead with its float next week despite doubts over the valuation it has in mind.
Bank of America beat underwhelms
Friday 16 Jul 2010
Bank of America shares have fallen in pre-market trade despite reporting a much smaller than expected fall in second quarter profit to $3.1bn.
Flaming Ferrari plots against Turbotec board
Friday 16 Jul 2010
A former Harvard squash champion and “Flaming Ferrari” banker has teamed up with an American entrepreneur to instigate a boardroom reshuffle at Turbotec Products.
Fenner says profit, revenue 'well ahead'
Friday 16 Jul 2010
Industrial conveyor belt maker Fenner said trading is comfortably meeting expectations with revenue and underlying operating profit in the third quarter well ahead of the comparable period last year.
Tomkins attracts £2.9bn bid approach from Canada
Friday 16 Jul 2010
Engineer Tomkins today confirmed it has received a bid approach from a Canadian consortium worth 325p a share in cash. Toronto based private equity Onex Corporation and the Canada Pension Plan Investment Board have been allowed a look at the books and due diligence on the company is now at an advanced stage.
JP Morgan trumps forecasts
Thursday 15 Jul 2010
JP Morgan has smashed second quarter earnings forecasts thanks to a much lower provision for credit losses.
Glaxo takes £1.6bn legal charge for Q2
Thursday 15 Jul 2010
Drugs firm GlaxoSmithKline expects to record a legal charge for the second quarter of 2010 of £1.57bn.
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