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  • 3i admits cash-call consideration

    Friday 24 Apr 2009

    Private equity firm 3i confirmed that it is considering a range of financing options, including the potential issue of new equity.

  • Pubcos could follow Greene King rights lead

    Friday 24 Apr 2009

    Green King's announcement on Thursday of a £207.5m cash-call could trigger another wave of rights issues, this time by pub firms.

  • A 'thin' week for John Lewis

    Friday 24 Apr 2009

    One less trading day than last year, sunny weather and a slump at its Home department sent sales at John Lewis down 11.6% last week.

  • Train growth hitting the buffers

    Friday 24 Apr 2009

    Latest trading updates from train operators show recession-hit travellers are cutting back on pricey rail tickets where they can help it.

  • Economy shrinks at fastest rate in 30 years

    Friday 24 Apr 2009

    Britain’s economy shrank at a faster-than-expected pace in the first three months of the year, official figures showed on Friday. Gross domestic product (GDP) dropped 1.9%, the sharpest fall since 1979 and worse than the 1.5%-1.7% decline analysts had predicted. GDP in the fourth quarter of last year was down 1.6%.

  • Nomura posts record loss after Lehman hit

    Friday 24 Apr 2009

    Japan's largest brokerage Nomura Holding posted its biggest full-year loss in its history as it incurred Lehman Brothers-related acquisition costs.

  • Figures to reveal depth of recession

    Friday 24 Apr 2009

    Britain’s economy is expected to have continued shrinking in the first three months of this year at the same pace as it did at the end of 2008. Analysts predict official figures due out this morning wil show gross domestic product (GDP) fell between 1.5% and 1.7% in the first quarter versus 1.6% in the fourth quarter of last year.

  • Nearly 1,000 jobs to go at Lloyds Banking

    Thursday 23 Apr 2009

    Lloyds Banking Group is getting rid of 985 jobs over the next two years after deciding its car finance business is not financially viable.

  • Friday newspaper round-up: Budget, Bank of America, HSBC

    Thursday 23 Apr 2009

    The full scale of the tax crackdown on the rich became clear yesterday as details emerged of a fresh Labour raid on pensions, writes the Times. Hidden in the small print of Alistair Darling’s Budget are plans to tax anyone earning more than £150,000 on payments their employer makes into their company pension.

  • Oversupply fears spook bond markets

    Thursday 23 Apr 2009

    Gilts fell back slightly Thursday, adding to the sharp falls that came in the wake of yesterday’s Budget, which showed the nation’s debt is expected to balloon to 59% of UK Gross Domestic Product (GDP) this year.

  • Barclays pledges to lend further £11bn

    Thursday 23 Apr 2009

    Barclays is to increase lending to its UK customers and clients in 2009 by £11bn, an increase of 6% on its loan book at the end of 2008.

  • Technical Analysis: Retailers continue advance

    Thursday 23 Apr 2009

    The retail sector continues to outperform the FTSE this year, in no small measure due to the continued announcement of better than expected trading performances of various retailers, the latest of which, Debenhams announced an H1 profit increase of 10.7% this morning.

  • Amazon cheers strong Kindle sales

    Thursday 23 Apr 2009

    Strong sales of its electronic reading device Kindle helped the internet bookseller Amazon post a rise in revenues and profits.

  • Credit Suisse returns to profit in Q1

    Thursday 23 Apr 2009

    Credit Suisse, Switzerland’s second-largest bank, returned to profit after two successive quarters of losses and said it remains optimistic about its prospects.

  • ITV's Grade to relinquish role, CEO search

    Thursday 23 Apr 2009

    ITV executive chairman Michael Grade is to relinquish his executive responsibilities by the end of the year as the media group said it has began a formal search for a CEO. The group also said today that it has adequate liquidity and is not currently considering a rights issue. "In the light of the regulatory timetable now expected, Michael Grade has recommended to the board that the conclusion

  • Budget hits high earners with 50% tax rate

    Wednesday 22 Apr 2009

    In one of the shortest Budget speeches on record, Chancellor of the Exchequer Alistair Darling announced a sharp deterioration in Britain’s financial health while still finding some money to invest in protecting jobs and boosting the government’s green credentials. There was bad news for high earners, smokers, drivers and drinkers as taxes and duties went up, but good news for savers.

  • Budget: Help for home buyers

    Wednesday 22 Apr 2009

    Chancellor of the Exchequer Alistair Darling said his Budget would contain measures to help the jobless and home buyers while sustaining the public finances and rebuilding financial services. Darling said the Finance Bill would build on the substantial actions already taken to ensure Britain makes a swift exit from the recession,

  • IMF gets UK bail-out bill wrong

    Wednesday 22 Apr 2009

    The International Monetary Fund (IMF) has withdrawn yesterday’s claim that the cost of bailing out Britain’s banks could be as high as £200bn.

  • House sales soar 40% in March

    Wednesday 22 Apr 2009

    There was more good news for the beleaguered housing market today as government figures showed the number of homes sold jumped 40% last month.

  • UK jobless total hits 2.1m

    Wednesday 22 Apr 2009

    Another 177,000 people lost their jobs in the three months to February, taking unemployment up to 2.1m, the most since Labour came to power in 1997.

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