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  • Mortgage approvals fall to 20-month low

    Thursday 23 Dec 2010

    Mortgage lending fell to a 20-month low in November new figures from the British Bankers’ Association (BBA) show, underlining the weakness the housing market is currently experiencing.

  • Ebok well tests confirm Afren's expectations

    Thursday 23 Dec 2010

    Afren, the Africa-focused oil and gas company, said well tests on its Ebok field, located off the coast of Nigeria, have provided confirmation of phase one production expectations of more than 15,000 barrels of oil per day (bopd).

  • National Express handed 2-year extension for c2c

    Thursday 23 Dec 2010

    Train operator National Express has been awarded a two-year extension on its c2c rail franchise.

  • Online shoppers to spend £150m on Christmas Day

    Thursday 23 Dec 2010

    A frenzy of internet orders on Christmas Day could help push up retail sales over the festive period. The online retailers’ association Interactive Media in Retail Group (IMRG) predicts that nearly 5m Britons will log on to make purchases on Christmas day, spending a total of £153m. Meanwhile online sales on Boxing Day could surpass £300m, the group says.

  • MPC becoming more wary of inflation

    Wednesday 22 Dec 2010

    The Bank of England’s Monetary Policy Committee (MPC) is becoming increasingly concerned about the inflation rate’s stubborn refusal to drop below 3%, minutes from the December meeting of the MPC show.

  • Stock markets in 2010 - Jakarta repays faith, Greece repays IMF

    Wednesday 22 Dec 2010

    It’s been another action-packed year for equities, but whether you’re popping champagne corks or drowning your sorrows with a stiff brandy this Christmas will depend very much on where you invested.

  • House prices to fall 2% in 2011

    Wednesday 22 Dec 2010

    House prices are likely to drop by 2% over the coming year and could fall by as much as 5% if government austerity measures derail the economy, the Royal Institution of Chartered Surveyors (RICS) said.

  • Costain says Mouchel rejected takeover proposal

    Wednesday 22 Dec 2010

    Construction and engineering group Costain has emerged as one of the companies that has made an approach to struggling support services group Mouchel.

  • Harry Ramsden owner approaches Northern Foods

    Wednesday 22 Dec 2010

    Shares in Northern Foods were in demand after the Goodfella’s Pizza and Fox’s Biscuits group said it had received an approach from Boporan Holdings, controlled by the owner of the Harry Ramsdens chip shop chain Ranjit Boparan.

  • Vince Cable stripped of Sky bid powers

    Wednesday 22 Dec 2010

    Business secretary Vince Cable has been stripped of his power to rule on News Corporation’s £12m takeover of BSkyB after telling undercover reporters he had “declared war on Rupert Murdoch”. Cable only kept his job on the insistence of LibDem leader Nick Clegg, but David Cameron called Cable's comments "totally unacceptable and inappropriate"

  • Restructuring for Ten Alps

    Tuesday 21 Dec 2010

    Factual media business Ten Alps is raising additional cash and has secured a new loan facility as it focuses on organic growth.

  • Cable 'declares war' on Murdoch over BSkyB takeover

    Tuesday 21 Dec 2010

    Business secretary Vince Cable said he will try to block News Corporation’s takeover of BSkyB, it emerged soon after the tie-up was approved by the European Commission.

  • Broker tips: Retailers hit by weather

    Tuesday 21 Dec 2010

    Peel Hunt has evaluated the impact of recent weather disruptions at a crucial time of year for retailers, as the first companies begin to deliver snow-driven profit warnings.

  • Government loses £2bn in tax credit errors

    Tuesday 21 Dec 2010

    Over £2bn was lost in 2008-09 due to tax credit fraud and errors, a report issued Tuesday shows.

  • EU backs Murdoch Sky buy

    Tuesday 21 Dec 2010

    BSkyB has welcomed the European Commission’s decision to approve News Corporation's proposed bid for the satellite broadcaster.

  • Public borrowing hits record

    Tuesday 21 Dec 2010

    The budget deficit rose more than expected to hit record levels in November, highlighting the task facing the coalition government as it seeks to address Britain’s fiscal difficulties.

  • Moody's may cut Portugal rating

    Tuesday 21 Dec 2010

    Ratings agency Moody’s has said it may cut its rating on Portugal, helping to keep the eurozone debt crisis in focus. Pointing to weak growth prospects and rising borrowing costs, Moody’s said Portugal’s credit rating could drop by one or two notches from its current A1 rating. “In Moody's opinion, Portugal's solvency is not in question," said Anthony Thomas, Moody's lead analyst for Portugal.

  • Snowy weather hits shares

    Monday 20 Dec 2010

    British Airways was among the heaviest fallers in the FTSE 100 Monday as the poor weekend weather continued, keeping planes grounded.

  • EU backs Murdoch Sky buy

    Friday 17 Dec 2010

    BSkyB has welcomed the European Commission’s decision to approve News Corporation's proposed bid for the satellite broadcaster.

  • AstraZeneca under the weather after Brilinta setback

    Friday 17 Dec 2010

    Big drug companies such as AstraZeneca are engaged in a constant struggle to keep bringing new products onto the market to replace those that lose their patent exclusivity. So it was disappointing news that it has suffered another delay in getting US approval for its potential blockbuster blood-thinning drug Brilinta

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