Editor's Picks
Xstrata breaks records for coal
Tuesday 01 Feb 2011
Mining giant Xstrata produced more coking coal, semi-soft coking coal, mined nickel and refined nickel in 2010 than ever before, while copper, lead and ferrochrome were all up on the year before.
ARM hits record as mobiles take over
Tuesday 01 Feb 2011
Booming demand for mobile phones, tablet computers and other low- powered devices meant 2010 saw the the highest ever annual revenues, profits and cash generation for chip designer ARM Holdings. Underlying fourth quarter profits jumped 47% to £47.6m from £32.3m, helping to lift the full year total by 73% to £167.4m.
Russians block BP divi
Monday 31 Jan 2011
The Russian oligarchs incensed by BP’s Arctic oil exploration deal with Kremlin-backed Rosneft have voted against a $1.8bn fourth quarter dividend earmarked for their joint venture with the UK firm. BP stands to lose $900m from the decision made by its billionaire partners’ Alfa-Access-Renova (AAR) vehicle, which owns 50% of TNK-BP.
Greencore continues to ponder Northern plans
Monday 31 Jan 2011
Irish food producer Greencore says that it is considering its options now that BH Acquisitions has trumped its all share offer for Northern Foods.
RPC focused on growth
Monday 31 Jan 2011
Despite battling rising polymer prices, plastic packaging firm RPC saw an improvement in underlying operating profit in the final three months of 2010.
Drug test blow for Antisoma
Monday 31 Jan 2011
The development of its leukaemia treatment drug AS1413 has been discontinued by cancer drug developer Antimsoma.
Greene King sees general improvement
Monday 31 Jan 2011
Brewer and pub owner Greene King saw healthy trading over the past eight weeks despite the poor weather with all of its divisions in-line or improving from the half-year.
Carillion's government deal won't harm guidance
Monday 31 Jan 2011
Carillion has won contracts worth around £350m this year and the contractor and support services firm has reached agreement with the UK government about how best to help it save money. Carillion believes that the opportunities to work with both central and local government to deliver greater efficiencies through outsourcing services remain very strong.
Takeover targets named
Saturday 29 Jan 2011
A wave of patent expiries and generic competition could be about to spark another round of consolidation in the pharma and medical devices sector this year. Billions of dollars have already been spent on takeovers or pumped into new issues in recent months. “The sector has typically survived turbulent times by consolidating, and we believe we are on the verge of such a phase,” says Matrix
Consumer confidence tumbles as VAT rises
Friday 28 Jan 2011
Consumer confidence tumbled in January faster than at almost time in the past 20 years as fears rise over the UK government's austerity measures. The GfK NOP Consumer Confidence Index dropped eight points to -29 in January, the lowest figure since March 2009's -30. January saw decreases across all five measures
Inflation not snow bothers Fuller's
Friday 28 Jan 2011
There were few problems with snow in December for London-based pub owner and brewer Fuller's.
Amlin buys super-yacht underwriter
Friday 28 Jan 2011
Underwriter Amlin is to acquire super-yacht insurance specialist Lead Yacht Underwriters.
De La Rue outlook meets forecasts
Friday 28 Jan 2011
With French bidder Oberthur now firmly dispatched, banknotes and passports printer De La Rue can concentrate on the serious job of running a business, and it remains optimistic after trading in line with expectations since September. Full-year volumes at the currency division will be about 6 billion printed banknotes and 10,000 tonnes of banknote paper.
BSkyB shows worth with profit rise
Thursday 27 Jan 2011
BSkyB has demonstrated why newspaper group NewsCorp is so keen to take over the satellite broadcaster, with a strong rise in profits in the six months to 31 December.
UKFI defends Lloyds/RBS bonuses
Thursday 27 Jan 2011
UK Financial Investments, which oversees the taxpayer’s stakes in Lloyds Banking and Royal Bank of Scotland, has defended the banks’ staff bonuses as necessary to attract talent to maintain their value.
Russian oligarchs take BP to court in Rosneft row
Thursday 27 Jan 2011
BP’s billionaire partners at Russian joint venture TNK-BP have filed an injunction to try and stop the British company’s £10bn arctic exploration tie-up with Kremlin-backed Rosneft. The oligarchs are livid at being left out of the Rosneft share-swap that will open up potentially massive oil deposits to the UK firm and its new bedfellow
Russian oligarchs take BP to court in Rosneft row
Thursday 27 Jan 2011
BP’s billionaire partners at Russian joint venture TNK-BP have filed an injunction to try and stop the British company’s £10bn arctic exploration tie-up with Kremlin-backed Rosneft.
Dramatic fall in number of houses going up for sale
Thursday 27 Jan 2011
House prices in England and Wales fell for the seventh month in a row in January, according to Hometrack, one of the many agencies that monitors the housing market. The average cost of a house fell 0.5% in January to £153,600, after declining 0.4% in December. The number of new buyers registering with Hometrack’s universe of estate agents fell 9.5% in January, after declining 4.8% in December.
Britvic Q1 revenue up 20%
Thursday 27 Jan 2011
Soft drinks firm Britvic said total first quarter revenue increased 20% from the same period a year earlier and it remains confident about the outcome for the full year.
Astra tops expectations
Thursday 27 Jan 2011
Anglo-Swedish drugs firm AstraZeneca felt the pain of competition in the US from generic versions of its drugs last year, but this was offset by strong growth in other markets. Revenue for the full year was unchanged on a constant exchange rates (CER) basis at $33,629m, a shade above the $33.5bn predicted in some quarters.
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