Editor's Picks
BHP Billiton uncovers corruption breaches
Wednesday 21 Apr 2010
BHP Billiton admitted today that it may have broken US anti-corruption laws in some of its its exploration projects.
IMF proposes two global bank taxes
Wednesday 21 Apr 2010
Two new global taxes should be levied on the world’s banks to pay for possible financial crises and failures in the future, a leaked report by the International Monetary fund has proposed.
Game boss departs as profits slide
Wednesday 21 Apr 2010
Lisa Morgan has stepped down as the chief executive of Game Group after the video game retailer revealed a sharp fall in profits in the year to January 31. Pre-tax profits totalled £84.2m, which was below expectations and sharply down from £117.4m the previous year, on turnover that slid to £1.77bn from £1.97bn.
Goldman case could be lose-lose situation
Tuesday 20 Apr 2010
Wall Street banking titan Goldman Sachs is often the subject of controversy and now the bone of contention with the bank’s activities has moved from the vast amounts of money the company (and its employees) earn to the ways in which it makes that money.
SABMiller sees full year in line
Tuesday 20 Apr 2010
Drinks firm SABMiller said financial performance for the year remains in line with expectations with organic lager volumes level with last year and full year soft drinks volumes up 2%.
Autonomy posts record profit
Tuesday 20 Apr 2010
Data search software giant Autonomy reported record revenues and profits in the first quarter as clients loosen their purse strings after scaling back in the downturn.
Unfulfilled Desire takes a breather
Tuesday 20 Apr 2010
After all the excitement of the first quarter of 2010, it is time for a period of calm reflection at Desire Petroleum.
Goldman earnings almost double
Tuesday 20 Apr 2010
Goldman Sachs, which is under investigation for fraud by the SEC and FSA, beat market expectations when it posted earnings that nearly doubled in the first quarter.
FSA confirms Goldman Sachs probe
Tuesday 20 Apr 2010
The Financial Services Authority (FSA) has confirmed that it is launching a formal investigation into Goldman Sachs in relation to recent fraud allegations.
AIG considers suing Goldman Sachs, reports
Tuesday 20 Apr 2010
In the latest twist to the Goldman Sachs saga, American International Group is rumoured to be considering potential claims against the Wall Street behemoth over losses incurred on $6bn of insurance deals on mortgage-backed securities.
Primark shines as AB Foods beats forecasts
Tuesday 20 Apr 2010
The Primark clothing chain was once again the star of the show when Associated British Foods reported better than expected first-half profits.
Tesco profits jump to £3.2bn
Tuesday 20 Apr 2010
Tesco reaffirmed its position as the UK’s supermarket powerhouse as profits last year surged to nearly £3.2bn with underlying growth of more than 10%. Total sales in the year to end February rose by 6.8% to £62.5bn stripping out petrol. Including fuel, the underlying growth rate rises to 8.5%. Underlying profit rose by 10.1% to just shy of £3.4bn
IRC lacks appetite for expansion
Monday 19 Apr 2010
While the economic downturn appears not to have damped diners’ appetite for cheap pub grub and meals at competitively-priced restaurant chains, things have not been so simple for the upmarket chain Individual Restaurant Company (IRC).
Arriva in advanced talks with Deutsche Bahn
Monday 19 Apr 2010
Arriva has confirmed that it is in advanced discussion with German transport operator Deutsche Bahn about a possible recommended cash offer for the UK bus and train operator.
Citigroup makes $4.4bn in first quarter
Monday 19 Apr 2010
Wall Street giant Citigroup said it is on track to return to sustained profitability as it announced it made $4.4bn in the first quarter.
Travel stocks fall as volcano disruption continues
Monday 19 Apr 2010
Shares in travel stocks have continued falling as Europe remains under a cloud of volcanic dust preventing flights from taking off. British Airways is in the red after saying it estimates that lost passenger and freight revenue together with the costs incurred supporting passengers is about £15m to £20m a day.
Travel stocks fall as volcano disruption continues
Monday 19 Apr 2010
Shares in travel stocks have continued falling as Europe remains under a cloud of volcanic dust preventing flights from taking off. Travel agent TUI, the First Choice owner, said about 100,000 of its customers due to return home yesterday were left stranded by the flight ban imposed after the eruption of the volcano in Iceland last week.
FSA launches Goldman Sachs fraud claim inquiry
Sunday 18 Apr 2010
Following on from Friday’s shock decision by the US Securities and Exchange Commission (SEC) to sue Goldman Sachs for fraud the SEC’s UK and German counterparts are also investigating the US banking giant’s activities.
Toyota to pay record $16.4m fine
Friday 16 Apr 2010
Embattled carmaker Toyota has agreed to pay a record $16.4m fine for not reporting faulty accelerator pedals.
Home sellers lift asking prices
Friday 16 Apr 2010
Asking prices for house sales picked up in April, despite an increase in supply, according to data from the property website Rightmove.
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