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  • Pru delays cash call prospectus

    Wednesday 05 May 2010

    Insurer Prudential has had to postpone publication of its prospectus detailing the terms of its $20bn rights issue to fund the $35.5bn acquisition of AIG's Asian (AIA) businesses. The UK firm was due to release its timetable today, but it’s still in talks with the City regulator about the takeover, especially the capital position of the enlarged group under the Insurance Groups Directive (IGD)

  • BP chief says slick being contained

    Tuesday 04 May 2010

    BP’s chief executive has said the company is winning the race to try and contain the oil spill in the Gulf of Mexico.

  • Global shares slide amid fresh debt concerns

    Tuesday 04 May 2010

    Fears that the Greece’s debt crisis could spread to other euro zone member states sparked another global sell-off on Tuesday. Markets in the UK, Germany, France and Switzerland closed with triple digit losses despite the release of new details on the record Greek rescue deal over the weekend. Spain’s Prime Minister Jose Luis Rodriguez Zapatero dismissed rumours

  • Compass acquires French caterer

    Tuesday 04 May 2010

    Caterer Compass has increased its presence in France with the acquisition of foodservice group Caterine Restauration from Industries & Finances Partenaires for €34m.

  • Talk that Spain needs EU aid 'madness', PM

    Tuesday 04 May 2010

    Spain’s Prime Minister Jose Luis Rodriguez Zapatero on Tuesday dismissed rumours that his country will require financial aid from the euro zone. He described the reports as "complete madness" and said Spain is strongly solvent and won't need any help from Europe. "Rumours like this can damage our interests as a country, that's intolerable," the Prime Minister said during a press conference.

  • Michael Page agrees £38m VAT reclaim

    Tuesday 04 May 2010

    Recruitment company Michael Page will have to give £12m back to the taxman by the end of this month after agreeing a deal for a refund of overpaid VAT.

  • British Land confirms Broadgate revamp

    Tuesday 04 May 2010

    British Land and private equity giant Blackstone have confirmed plans for a major revamp of Broadgate, the huge office complex in the heart of the City of London, which will see new offices built for Swiss bank UBS.

  • BP starts new well to cap Gulf leak

    Tuesday 04 May 2010

    BP has begun to drill a relief well to intercept and isolate the oil well that is spilling oil in the US Gulf of Mexico. BP said the new well, in 5,000 feet of water, is planned to intercept the existing well around 13,000 feet below the seabed and permanently seal it. The new drill site is about half a mile on the seabed from the leaking well in Mississippi Canyon block 252.

  • Pressure mounts on BP over Gulf disaster

    Friday 30 Apr 2010

    Pressure is mounting on UK oil giant BP over the environmental damage caused by the oil slick from the damaged Deepwater Horizon rig in the Gulf of Mexico. The oil spillage is now said to be the size of Puerto Rico and growing at five times the rate previously estimated. President Barack Obama has already warned BP that he holds it responsible for the disaster.

  • Week Ahead: Sage, Aberdeen Asset, Smith & Nephew

    Friday 30 Apr 2010

    It’s a shortened week next week thanks to the May bank holiday and as usual Wednesday and Thursday look like being the busiest days, with FTSE 100 companies Sage, Legal & General, Liberty International and Next reporting on Wednesday and Vedanta, Morrison’s, Schroders, Smith & Nephew and RSA Insurance declaring on Thursday.

  • Timeline: European debt crisis

    Friday 30 Apr 2010

    Timeline:

  • Where next for metals?

    Friday 30 Apr 2010

    First quarter production figures from big mining companies show just how far the metals markets have come since the depths of the economic downturn in late 2008/early 2009.

  • Investors take 'sell in May' seriously this year

    Friday 30 Apr 2010

    Investors have enjoyed an incredible run since the stock market turned just over a year ago, netting a fortune as London racked up gains of more than 65%.

  • RBS admits bankers pay is 'astonishingly high'

    Friday 30 Apr 2010

    Royal Bank of Scotland’s (RBS) chairman thinks the salaries earned by top bankers are “astonishingly high”, but says they’re needed to stop good staff jumping ship.

  • Pearson happy with first quarter

    Friday 30 Apr 2010

    FT owner Pearson reports all parts of the company have made a good start to 2010 with first quarter revenues up 7% to £1.08bn or by 12% on a constant currency basis.

  • OFT climbs down in dairy investigation

    Friday 30 Apr 2010

    The Office of Fair Trading has dropped most of its charges of price-fixing against Tesco, Morrisons and other dairy product suppliers between 2002 and 2003 even though the majority of firms accused had already agreed to pay fines. The watchdog added that after receiving new evidence, it concluded it cannot support the charge the firms colluded

  • BAA puts cost of volcano ash cloud at £28m

    Thursday 29 Apr 2010

    Airport operator BAA narrowed first quarter losses, but predicts the grounding of planes earlier this month due to a volcanic ash cloud from Iceland could cost it about £28m.

  • Barclays makes £1.8bn

    Thursday 29 Apr 2010

    A big surge in business at Barclays Capital and decline in impairments had profit at Barclays bank up 47% in the first quarter of 2010.

  • Greece agrees €24bn austerity package, reports

    Thursday 29 Apr 2010

    Greece has agreed the outline of a €24bn austerity package with the International Monetary Fund and the European Union, according to press reports.

  • Premium broker tips: Top consumer plays revealed

    Thursday 29 Apr 2010

    Companies covered today include: Kingfisher, Reckitt Benckiser, Imperial Tobacco, easyJet PartyGaming, Serco, Inchcape, Enterprise Inns

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