Editor's Picks
National Express not out of the woods yet
Wednesday 30 Jun 2010
Transport group National Express had a torrid time of it in 2009, plunging into the red and walking away from its £1.4bn east coast rail franchise contract after failing to renegotiate what it regarded as onerous terms.
Emerson goes for Chloride knock-out
Tuesday 29 Jun 2010
The battle for ownership of electrical plugs and peripherals maker Chloride burst into life as US giant Emerson trumped ABB's agreed offer with a bid worth 375p in cash or £1bn in total.
Markets dive on liquidity and growth concerns
Tuesday 29 Jun 2010
Global markets slumped heavily as investors worried about liquidity issues in Europe and global economic growth. The Footsie finished down 3%, while the German Dax and French CAC fell 3% and 4% respectively. Wall Street, which has also started with triple-digit losses, added to the gloom after US consumer confidence figures fell steeply in June. meanwhile, the pound hit a new 19-month high against
End of ECB loan sparks liquidity fears
Tuesday 29 Jun 2010
European equity markets and the single currency have weakened as investors are bracing themselves for the expiry of a key eurozone refinancing programme later this week.
Tesla's green machine revs up for IPO
Tuesday 29 Jun 2010
An American company making electric cars – Tesla Motors - is set to steal the show when it debuts on Wall Street today.
Brokers pull the rug from under Carpetright
Tuesday 29 Jun 2010
Normally a doubling of the dividend would be cause for celebration but the market has reacted unkindly to Carpetright’s apparent generosity as it had been led to believe that the divi would be tripled.
Emerson goes for Chloride knock-out
Tuesday 29 Jun 2010
The battle for ownership of electrical plugs and peripherals maker Chloride burst into life as US giant Emerson trumped ABB's agreed offer with a bid worth 375p in cash or £1bn in total. ABB is offering 325p per Chloride share meaning Emerson is pitching its new offer at a hefty 15% premium to its Swiss rival. As with ABB's offer, shareholders also get to keep the 3.3p final dividend.
National Express remains on track
Tuesday 29 Jun 2010
Bus and train group National Express expects first half pre-tax profits to show good progress after trading was in line with forecasts through the second quarter.
Gloves off as Scott Wilson bid war begins
Tuesday 29 Jun 2010
Two US giants have begun fighting over British design and engineering consultancy Scott Wilson as yesterday’s 210p a share offer from URS was trumped this morning by CH2M Hill.
Carpetright unrolls strong profits growth
Tuesday 29 Jun 2010
Things are on the up at floor coverings retailer Carpetright with revenue and profits both improved last year. Total group revenue in the 52 weeks to 1 May 2010 rose 7.0% to £516.6m from £482.8m the year before. The inclusion of Sleepright for its first full year contributed 2.0% of this increase, the company said.
North Sea Catcher field 'one of the largest '
Monday 28 Jun 2010
Premier Oil and its joint venture partners are over the moon today after finding what could be one of the largest North Sea oil field developments for almost a decade.
Fitting the Beale
Monday 28 Jun 2010
Twenty years ago the High Street department store seemed about to go the way of of the coal merchants but the success of Debenhams has transformed the image of the retail concept. Smaller operators that lack the clout of Debenhams have struggled to make a go of it, however.
DP World postpones London float
Monday 28 Jun 2010
DP World, one the World's largest ports group, has scrapped its plans to float in London this year.
Scott Wilson soars on possible bid battle
Monday 28 Jun 2010
Shares in Scott Wilson soared on the possibility of a bidding war between two US firms for the design and engineering consultancy.
House prices stall say two surveys
Monday 28 Jun 2010
House price fell slightly between April and May, according to the latest figures from the Land Registry, the survey considered to be the most accurate as it is based on completed sales. The 0.2% fall between April to May is the first monthly decline since April last year and kept the overall annual rate of inflation flat at 8.2%. An average property value in England and Wales now costs £165,314.
Fitting the Beale
Monday 28 Jun 2010
Twenty years ago the High Street department store seemed about to go the way of of the coal merchants but the success of Debenhams has transformed the image of the retail concept. Smaller operators that lack the clout of Debenhams have struggled to make a go of it, however.
Mears denies pressure on social housing business
Monday 28 Jun 2010
Social housing group Mears reiterated that it is continuing to deliver strong trading across all divisions and is not experiencing any downward pressure on spend in its social housing business.
North Sea Catcher field 'one of the largest '
Monday 28 Jun 2010
Premier Oil and its joint venture partners are over the moon today after finding what could be one of the largest North Sea oil field developments for almost a decade.
Premier gets North Sea result
Monday 28 Jun 2010
FTSE 250 oil company Premier Oil has had a successful drilling result at its 35% owned Catcher East 28/9 licence in the UK Central North Sea.
Battered BP spends £1.75bn on Gulf spill
Monday 28 Jun 2010
The massive clean-up operation in the Gulf of Mexico continues and has now cost BP $2.65bn (£1.75bn) and the oil giant is stopping almost 23,000 barrels of oil from leaking into the sea.
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