Editor's Picks
Pru puts Devey in charge of Asian integration
Wednesday 14 Apr 2010
Rob Devey, chief executive of Prudential UK and Europe, has been handed the task of integrating the Asian life assurance business of AIG into the Pru’s Asian operations.Devey will report directly to group chief executive Tidjane Thiam, the man who has put his reputation on the line with the proposed $35.5bn acquisition of the Asian assets of fallen insurance giant AIG.
JD Sports beats full-year forecasts
Wednesday 14 Apr 2010
JD Sports Fashion beat the sky-high expectations of most City analysts when it published full-year figures on Wednesday.
Ashmore quarterly AUM up 4%
Wednesday 14 Apr 2010
Emerging markets asset manager Ashmore said the third quarter saw assets under management increase 4% to $33bn.
Toyota yanks SUV from US market
Wednesday 14 Apr 2010
Embattled Japanese car maker Toyota has run into more trouble in the US and has suspended sales of its luxury gas guzzler, the Lexus GX460, after Consumer Reports magazine advised its readers not to buy the sports utility vehicle (SUV).
FX round-up: Euro perks up after bill auction
Wednesday 14 Apr 2010
The dollar headed lower after Greece successfully completed the $2.1bn sale of short-term debt.
Production up at Fresnillo
Wednesday 14 Apr 2010
Silver and gold producer Fresnillo said first quarter gold production exceeded its expectations. Quarterly attributable gold production increased by 31.5% over the same period last year to a record level of 85,097 ounces, as commercial production at Soledad-Dipolos kicked in during January 2010. Silver production was also up in the first quarter, rising 3.0% to 9.49m ounces.
US close: S&P rises for 4th day in a row
Tuesday 13 Apr 2010
After an indifferent start, prompted by underwhelming figures from Alcoa on Monday to kick off the first quarter earnings season, equities rallied to finish moderately firmer on balance.
Twitter announces money making plan
Tuesday 13 Apr 2010
Twitter, the wildly popular micro-blogging site for the 'txtspk' generation has revealed plans to start earning revenue from the service through the sale of keywords. The new service, called 'Promoted Tweets', has a revenue model similar to that of Google in that it offers advertisers the opportunity to buy keywords on search results.
FSA fines and bans former Northern Rock execs
Tuesday 13 Apr 2010
The UK watchdog today fined and banned two former executives of nationalised lender Northern Rock for misreporting mortgage arrears figures.
More houses on sale ahead of election
Tuesday 13 Apr 2010
The upcoming General Election has contributed to a rise in the number of people trying to sell their homes, a survey indicated on Tuesday.
Early Easter boosts March retail sales
Tuesday 13 Apr 2010
UK retail sales in March rose at their fastest rate in almost four years thanks to the earlier timing of Easter this year, new figures from the British Retail Consortium show. Total retail sales rose 6.6% against only 0.6% growth in March 2009. On a like-for-like basis, sales rose 4.4% from last year when sales had dropped 1.2%.
Higher aluminium prices boost Alcoa
Monday 12 Apr 2010
US aluminium producer Alcoa has kicked off the first quarter earnings season with an improvement in results.
YouGov facing first big election test
Monday 12 Apr 2010
The last time polling organisations in the UK got it horribly wrong was in the general election of 1992 when a Labour victory was widely predicted but the Tories went on to win.
Asda's Andy Bond to become part-time chairman
Monday 12 Apr 2010
Asda announced that its president and chief executive Andy Bond is moving to become part-time chairman of the supermarket chain.
UBS returns to profit
Monday 12 Apr 2010
UBS said Monday that it expects to swing to a first-quarter pre-tax profit of at least 2.5bn Swiss francs and that outflows from wealthy clients are slowing.
Ladbrokes sells Italian business
Monday 12 Apr 2010
Ladbrokes has agreed to sell its Italian retail betting and gaming business to an affiliate of Italian gaming group Cogetech for about €5.25m in cash.
EU agrees €30bn aid package for Greece
Monday 12 Apr 2010
Euro zone finance ministers on Sunday approved a €30bn emergency aid package for debt-stricken Greece. Under the terms of the deal, Greece would receive the potential aid via a three-year loan with an interest rate of well below commercial rates at about 5%. Up to a further €15bn could be made available through the International Monetary Fund (IMF).
UBS returns to profit
Monday 12 Apr 2010
UBS said Monday that it expects to swing to a first-quarter pre-tax profit of at least 2.5bn Swiss francs and that outflows from wealthy clients are slowing.
UBS returns to profit
Monday 12 Apr 2010
UBS said Monday that it expects to swing to a first-quarter pre-tax profit of at least 2.5bn Swiss francs and that outflows from wealthy clients are slowing.
UBS returns to profit
Monday 12 Apr 2010
UBS said Monday that it expects to swing to a first-quarter pre-tax profit of at least 2.5bn Swiss francs and that outflows from wealthy clients are slowing.
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