Editor's Picks
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.
G20 targets banks and deficits
Monday 28 Jun 2010
Leaders of the industrialised World left the latest G20 summit with a vow to halve government debt by 2013 and to force banks to hold significantly more capital. Banks will have to hold enough capital to withstand another Lehman Brothers-style collapse without government aid, the meeting in Toronto decided.
Cheap mortgages slash cost of running a home
Sunday 27 Jun 2010
Homeowners have seen the cost of running a house tumble by 6% since 2008, or 9% allowing for inflation, thanks to rock bottom interest rates. It was, on average, £544 cheaper to own and run your own pad in April than it was two years earlier, down from £9,564 to £9,020 a year, the Halifax has found.
The Fundamentalist: HMV seeks to change the tune
Saturday 26 Jun 2010
Results from the retailer HMV are out on Wednesday, 30 June, and should throw some light on one of the greatest anomalies of the London stock market at the moment, namely HMV’s 13.64% dividend yield.
Banks in focus at G20 summit
Friday 25 Jun 2010
Leaders from the world’s major industrial and developing nations are heading to Toronto this weekend to discuss ways to boost the fragile global recovery.
Regulators target credit rating agencies
Friday 25 Jun 2010
Moody’s, Standard & Poor’s and Fitch are best known for giving their verdicts on other companies, but recently the boot has been firmly on the other foot.
Mounting problems send BP to 14-year low
Friday 25 Jun 2010
BP sunk below 300p a share for the first time in 14 years Friday as clean-up costs continue to spiral and on fears about legal action, storms in the Gulf of Mexico, a possible fundraising and trouble in Alaska. The company said this morning it has spent $350,000 (£234,000) on the Deepwater Horizon oil disaster since Monday, taking total costs so far to $2.35bn (£1.57bn)
BA new offer to cabin crew
Friday 25 Jun 2010
British Airways has made a fresh offer to its cabin crews to avert further strikes.
Berkeley says housing market has stabilised
Friday 25 Jun 2010
Housebuilder Berkeley said the housing market in London and the South East has stabilised as it reported better than expected full-year figures.
Devro finishes first half strongly
Friday 25 Jun 2010
Sausage skin maker Devro said it has made a stronger than expected finish to the first half of the year.
No US improvement for Keller
Friday 25 Jun 2010
Ground preparation engineer Keller has seen no pick-up in its struggling US business.
Avis Europe flags £151m cash call
Friday 25 Jun 2010
Car hire firm Avis Europe is raising £151m from a rights issue to strengthen its balance sheet and has agreed a refinancing deal with its banks.
BP leak now costs £1.6bn
Friday 25 Jun 2010
BP has spent another $350,000 (£234,000) on the Gulf of Mexico oil disaster since Monday, taking the total cost to date up to $2.35bn (£1.57bn) and the number of people dealing with the response effort to some 37,000. The oil giant has paid over 39,000 of the 74,000 compensation claims filed worth nearly $126m following the explosion on the Deepwater Horizon well in April that killed 11 workers.
The company formerly known as Dixons ...
Thursday 24 Jun 2010
DSG International, the company formerly known as Dixons, has taken a leaf out of pop star Prince’s book and gone back to its old name in a move that will be welcomed by those of us tired of companies choosing meaningless initials as their names.
DSG profit beats expectations
Thursday 24 Jun 2010
DSG International reported a slightly better than expected full-year profit and said it expects profitability to continue to improve in the coming year.
British American unveils new chief executive
Thursday 24 Jun 2010
British American Tobacco has announced that its chief operating officer Nicandro Durante will become chief executive of the maker of Lucky Strike cigarettes in February, when Paul Adams steps down from the role.
BP re-attaches cap on blow-out well
Thursday 24 Jun 2010
Oil company BP said the lower marine riser package (LMRP) cap containment system was successfully re-attached on its blow-out well in the Gulf of Mexico. Yesterday, oil spewed uncontrolled back into the Gulf of Mexico after the cap containing the spill was removed because fluid seemed to be leaking.
Still early days in Imagination story
Wednesday 23 Jun 2010
There was no stellar jump in Imagination Technology’s share price today, but the numbers unveiled by the graphics technology chip designer were still impressive.
BP’s Dudley takes over oil spill role
Wednesday 23 Jun 2010
BP chief executive Tony Hayward has handed over management of the Gulf of Mexico oil spill to another senior executive.
Retailers hope for World Cup boost, CBI
Wednesday 23 Jun 2010
Retail sales dropped for a second consecutive month in June but retailers are hopeful that sales will pick up in July, partly because of the impact of the World Cup.
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