Editor's Picks
End of good run for John Lewis
Friday 30 Jan 2009
Sales slipped at John Lewis department stores last week for the first time since before Christmas as a good start to the week petered out by Friday and Saturday.
Honda starts 4-month break, slashes forecasts
Friday 30 Jan 2009
Honda will close its UK manufacturing base for four months today, as the carmaker announced a 63% slump in quarterly operating profit and lowered its annual profit forecasts again.
Honda starts 4-month break, slashes forecasts
Friday 30 Jan 2009
Honda will close its UK manufacturing base for four months today, as the carmaker announced a 63% slump in quarterly operating profit and lowered its annual profit forecasts again.
Rio sells $1.6bn assets to cut debt
Friday 30 Jan 2009
Miner Rio Tinto has signed agreements to sell its undeveloped potash assets and Brazilian iron ore operation to Vale for $1.6bn, which will help the miner to reduce its debts.
Honda starts 4-month break, slashes forecasts
Friday 30 Jan 2009
Honda will close its UK manufacturing base for four months today, as the carmaker announced a 63% slump in quarterly operating profit and lowered its annual profit forecasts again.
Outlook for Japan's economy darkens
Friday 30 Jan 2009
The outlook for Japan's faltering economy is looking gloomier than ever as new signs emerge that the global recession is savaging demand for the country’s cars and electronics. Official figures released Friday showed a record drop in industrial production, a jump in unemployment and a slowdown in household spending.
Henderson acquires New Star for 2p per share
Friday 30 Jan 2009
Fund manager Henderson Group has agreed to buy New Star Asset Management for £115m cash including debt.
Investors warm to cash raising firms
Thursday 29 Jan 2009
Mining giant Xstrata and ceramics firm Cookson have become the latest in a long line of companies to ask shareholders for more cash.
US House passes Obama stimulus plan
Thursday 29 Jan 2009
The US House of Representatives has passed President Obama's $825m stimulus package but none of the republicans voted for the bill.
Xstrata and Cookson latest to raise cash
Thursday 29 Jan 2009
Mining giant Xstrata and ceramics firm Cookson have become the latest in a long line of companies to ask shareholders for more cash.
Xstrata rallies despite cash call
Thursday 29 Jan 2009
Shares in mining giant Xstrata bounced back late in the day as investors reassessed the impact of its deep discount £4.1bn rights issue.
Rio sells $1.6bn assets to Vale to cut debt
Thursday 29 Jan 2009
Miner Rio Tinto has signed agreements to sell its undeveloped potash assets and Brazilian iron ore operation to Vale for $1.6bn, which will help the miner to reduce its debts. The group said the potash assets largely comprise of the Potasio Rio Colorado (PRC) potash project in Argentina, while the Corumba iron ore mine in Brazil will include the associated river logistics operations in Paraguay.
Thursday newspaper round-up
Thursday 29 Jan 2009
Xstrata, the London-listed mining group, is set to launch a $6bn (£4.2bn) capital raising as it looks to reduce its debt burden in the wake of the global commodities slump. The capital raising will be the latest, but by far the biggest, cash call by a UK company in recent weeks, says the Telegraph.
Technical Analysis: Miners under pressure
Wednesday 28 Jan 2009
The continued decline in metals prices into 2009, along with the absence of any bounce in either the GSCI (Goldman Sachs Commodity Index), and the CRB (Commodity Research Bureau) Index highlights the problems facing many mining companies at the moment.
Mandelson’s car initiative gets mixed reactions
Wednesday 28 Jan 2009
Business Secretary Lord Mandelson £2.3bn loan guarantee package for the beleaguered car industry has received mixed reactions.
Mandelson’s car initiative gets mixed reactions
Wednesday 28 Jan 2009
Business Secretary Lord Mandelson £2.3bn loan guarantee package for the beleaguered car industry has received mixed reactions.
Crude rally fizzles out shy of $50
Wednesday 28 Jan 2009
Oil prices were largely flat Wednesday after a previous rally towards the $50-a-barrel mark fizzled out earlier in the week.
Comment: Mandelson’s car initiative gets mixed reactions
Wednesday 28 Jan 2009
Business Secretary Lord Mandelson £2.3bn loan guarantee package for the beleaguered car industry has received mixed reactions.
Asda and BSkyB need 8,000 new staff
Wednesday 28 Jan 2009
At last, some good news on the jobs front. Supermarket giant Asda and satellite TV giant BSkyB have created about 8,000 jobs, giving hope to some of those facing up to life on the dole this year.
Asda and BSkyB need 8,000 new staff
Wednesday 28 Jan 2009
At last, some good news on the jobs front. Supermarket giant Asda and satellite TV giant BSkyB have created about 8,000 jobs, giving hope to some of those facing up to life on the dole this year.
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