Editor's Picks
BP stops oil leak in Gulf
Thursday 15 Jul 2010
BP has “temporarily” stopped the flow of oil pouring into the Gulf of Mexico, it announced tonight, 88 days after an explosion on the Deepwater Horizon drilling rig started oil spewing out from the Macondo well. BP said the shutdown was part of an “integrity test” to see if the leaking wellhead can finally be contained.
FDA panel says GSK's Avandia should remain
Thursday 15 Jul 2010
Drugs firm GlaxoSmithKline said a joint advisory committee to the US Food and Drug Administration (FDA) has voted to allow its lucrative diabetes drug Avandia to remain on the market.
Tullow Oil makes oil find in Uganda
Thursday 15 Jul 2010
Tullow Oil has found oil at its Nsoga-5 appraisal well, which is located in the Butiaba region of Uganda Block 2.
Mothercare UK sales fall as global soars
Thursday 15 Jul 2010
Mother and baby retailer Mothercare reported a 4.1% decline in first quarter UK like for like sales while international sales soared 20.3%. Overall group sales were up 0.4% during the 15 weeks ended 10 July. The group said the UK environment remained challenging, and the first quarter results were against strong comparatives of 5.1% growth the same time last year.
Executive pay deals waved through
Wednesday 14 Jul 2010
After the shenanigans at Tuesday’s annual general meeting (AGM) for British Airways Wednesday’s AGM for retailer J. Sainsbury was a relatively civil affair, although the thorny issue of executive remuneration raised its head, as expected. Chief executive Justin King, whose remuneration package last year has been calculated at almost £8m, was re-elected as a director with 98% of the vote,
MITIE still mighty despite squeeze
Wednesday 14 Jul 2010
Strategic outsourcing company MITIE provides cleaners, chefs, rat-catchers and other blue collar workers to businesses and government agencies.
Consumer confidence falls again in June
Wednesday 14 Jul 2010
Consumer confidence fell for the second straight month in June, a new survey from the Nationwide building society shows, suggesting that worries over the new government’s measures to tackle the deficit are growing.
UK job seekers total declines
Wednesday 14 Jul 2010
Hopes that the UK economy might avoid a double-dip recession were raised Wednesday as UK unemployment figures for June showed a decline in the number of people claiming jobless benefits.
US senators call for BP-Lockerbie link probe
Wednesday 14 Jul 2010
BP has delayed a pressure test on the newly installed well cap in the Gulf of Mexico while senators now want the US government to look into the company's activities in Libya. US senators last night called for a probe into whether BP pressed for the Lockerbie bomber to protect a lucrative deal with Libya.
Rio Tinto warns of further volatility
Wednesday 14 Jul 2010
This year continues to “shape up well” for Rio Tinto, but the mining heavyweight today warned investors to expect further volatility in commodity prices on fears of a double-dip recession and concerns about Chinese demand. In a second quarter update, chief executive Tom Albanese said operations are close to capacity and markets for most products are strong
Intel posts best quarter ever
Tuesday 13 Jul 2010
US stocks posted strong gains as the start of the results season gave investors optimism, with Intel posting its biggest quarterly profit in a decade.
Lights still out at Luminar
Tuesday 13 Jul 2010
Reporting its full year results earlier this year, nightclub operator Luminar set out a plan to reverse sliding sales that involved improving its music and drinks range, making clubs more trendy and making the company leaner.
Abu Dhabi mulls investment in BP
Tuesday 13 Jul 2010
Abu Dhabi’s Crown Prince Sheikh Mohammed bin Zayed Al Nahyan said the emirate is considering making an investment in BP, according to press reports. “We are still thinking about it,” he was quoted by Bloomberg as saying when asked about buying a stake in the firm. “We are looking across the board. We have been partners with BP for years.”
Inflation eases in June
Tuesday 13 Jul 2010
Consumer price inflation (CPI) eased towards the Bank of England’s target level of 2% in the year to June. helped by lower petrol prices.
Northern Foods sales dip in challenging markets
Tuesday 13 Jul 2010
Northern Foods' sales fell in the first quarter as good growth in chilled foods could not offset falls in the bakery and frozen divisions.
Cranswick sales surge forward
Tuesday 13 Jul 2010
Bacon, pork and sausages specialist Cranswick lifted sales by 19%, to £198m, in the last three months, with organic growth up by 6% and 13% coming from acquisition CCF Norfolk.
BP installs new cap on leaking well
Tuesday 13 Jul 2010
Hopes are rising BP is near to stemming the flow of oil spilling into the Gulf of Mexico after a new 75-tonne steel cap was lowered over the damaged well late last night. Reports suggested that for a brief period shortly after the new cap was installed oil stopped leaking from the Macondo well, though it resumed soon after through a valve to relieve a pressure build-up.
Kier not fazed by schools cutbacks
Monday 12 Jul 2010
Housebuilder and contractor Kier's full year underlying profit before tax will be towards the upper end of current market expectations and ahead of last year.
UK economy shrank 6.4% during recession
Monday 12 Jul 2010
The UK economy shrank by more than was previously estimated during the recession, according to new figures from the Office of National Statistics (ONS).
Domino's could be in for a fall
Monday 12 Jul 2010
Domino’s Pizza has been a strong performer during the tough times of the past couple of years.
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