Editor's Picks
Checking out the bailouts
Monday 23 Mar 2009
US Treasury Secretary Timothy Geithner's US bank recovery plan announced on Monday is the latest in a rapidly growing list of attempts to kick-start the stubbornly resistant US economy.
Comment: DMGT confirms gloomy local media trends
Monday 23 Mar 2009
The latest update from DMGT confirms the warning signs that came earlier in the month when fellow local newspaper publisher Johnston Press reported sliding advertising revenues. DMGT, which aside from the Daily Mail publishes local titles such as the Leicester Mercury and the Bristol Evening Standard, said today it expects to cut 1,000 jobs at its regional arm Northcliffe this year, bringing the headcount down to about 3,500.
Dawson consults lawyers as rivals nab more deals
Monday 23 Mar 2009
Newspaper and magazine distributor Dawson Holdings has turned to its lawyers after rivals nabbed two more major contracts just weeks after two other big customers announced they were leaving.
Ofgem tackles energy price confusion
Monday 23 Mar 2009
Energy regulator Ofgem has proposed a series of measures to tackle high tariffs charged for pre-payment meters and to help retail energy consumers understand the market more easily.
Monday newspaper round-up: Barclays, BAA, JJB
Sunday 22 Mar 2009
Struggling retailers face a multimillion-pound rental payment on Wednesday that could lead to a fresh wave of administrations in the sector unless they are able to secure last-minute rescue deals, reports the Independent.
UK holiday firms enjoy spell in the sun
Friday 20 Mar 2009
UK family summer holiday bookings for 2009 are running 16% lower than last year, which is little surprise given the recession and the collapse in the value of sterling.
Severn Trent trading steady despite recession
Friday 20 Mar 2009
Water firm Severn Trent demonstrated its limited exposure to recessionary conditions by saying there has been no change to business performance or outlook since an update on 27 January. Reduced consumption as water uses seek to cut expenditure amid a difficult economic climate should have a £20m to £25m impact on revenues in 2008/09.
Daily Mail to cut 1,000 jobs
Friday 20 Mar 2009
Newspaper group Daily Mail and General Trust (DMGT) is to cut more jobs than planned at its local newspaper division after seeing continued declines in advertising revenues.
Bank bosses stop buying after Lehman collapse
Friday 20 Mar 2009
The chairmen and chief executives of the UK banks have bought just £1,500 worth of shares in the banks for which they work in the six months since the collapse of Lehman Brothers last September.
Bank bosses stop buying after Lehman collapse
Friday 20 Mar 2009
The chairmen and chief executives of the UK banks have bought just £1,500 worth of shares in the banks for which they work in the six months since the collapse of Lehman Brothers last September.
Regulation of Northern Rock blasted by report
Friday 20 Mar 2009
Nationalised bank Northern Rock continued to issue its controversial 125% Together mortgages even after its initial rescue by the government, a report by the National Audit Office said today.
Rights discounts rise as total hits £22bn
Friday 20 Mar 2009
Money to be raised from rights issues has topped £22bn this year so far as shareholders have dug deep to back the cash calls announced by companies.
Regus divi hiked 80%
Friday 20 Mar 2009
Workplaces provider Regus posted another year of record results and hiked dividends by 80% but warned the market has become tougher.
Regulation of Northern Rock blasted by report
Friday 20 Mar 2009
Nationalised bank Northern Rock continued to issue its controversial 125% Together mortgages even after its initial rescue by the government, a report by the National Audit Office said today. The NAO report said that confusion at The Treasury as the crisis unfolded enabled Northern Rock to write £800m of new “Together” mortgages even after it was saved from collapse by an emergency loan from the taxpayer in September 2007.
Car industry calls for state support as sales slump
Friday 20 Mar 2009
Society of Motor Manufacturers and Traders (SMMT) chief executive Paul Everitt called on government support for the car sector after vehicle production slumped by more than 60% in February. “We have seen action to encourage longer-term investment, but still require government support for short-time working, easier access to finance and credit and the
Regus divi hiked 80%
Friday 20 Mar 2009
Workplaces provider Regus posted another year of record results and hiked dividends by 80% but warned the market has become tougher.
EU urges IMF funds to be doubled
Thursday 19 Mar 2009
The European Union has urged G20 nations to at least double the International Monetary Fund (IMF) resources to $500bn to fight the global slowdown.
Regulation of Northern Rock blasted by report
Thursday 19 Mar 2009
Nationalised bank Northern Rock continued to issue its controversial 125% Together mortgages even after its initial rescue by the government, a report by the National Audit Office said today. The NAO report said that confusion at The Treasury as the crisis unfolded enabled Northern Rock to write £800m of new “Together” mortgages even after it was saved from collapse by an emergency loan.
Inchcape rights discount deepest yet
Thursday 19 Mar 2009
Car dealer Inchcape’s discount on its rights issue today is the deepest yet amongst the list of recent cash-calls.
Sony Ericsson warns of quarterly loss
Thursday 19 Mar 2009
Mobile phone maker Sony Ericsson warned that it expects to make a loss in the first quarter as sales continue to be hit by the downturn in consumer spending.
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