Editor's Picks
BAA losses narrow
Wednesday 27 Oct 2010
Airports owner BAA has slashed losses by three quarters during the first nine months of 2010 due to lower exceptional items and fair value adjustments.
Virgin raises the bar again on broadband speeds
Wednesday 27 Oct 2010
Pay TV and internet service provider Virgin Media has announced plans to extend its broadband speed advantage over rivals BT and British Satellite Broadcasting (BSkyB) with the roll-out of an “up to 100 megabytes per second” (MBps) service. The first areas of Britain set to benefit from the service upgrade are London, the South-East of England and Yorkshire.
Desire soars after Falklands 3D seismic deal
Wednesday 27 Oct 2010
Falkland Islands oil explorer Desire Petroleum has signed a contract for marine seismic acquisition services with Polarcus for the use of the seismic vessel MV Polarcus Nadia.
Still tough at Carpetright
Wednesday 27 Oct 2010
Floor coverings retailer Carpetright said group sales declined 5.2% in the 12 weeks ended 23 October 2010 and warned it expects tough market conditions to continue into 2011.
Helphire already warning on 2011
Wednesday 27 Oct 2010
Helphire, which supplies replacement vehicles to drivers involved in accidents, is already predicting results for the year to June 2011 will be below current market expectations.
CSR predicts Q4 sales dip
Wednesday 27 Oct 2010
CSR, the Bluetooth chip specialist, had a “robust” third quarter, but revenue in the fourth quarter is expected to lower than last year.
Sorrell flags up bumper quarter for WPP
Wednesday 27 Oct 2010
Ad agency WPP enjoyed its fastest growth in a decade in the last three months chief executive Sir Martin Sorrell said yesterday, as recovery in corporate earnings fed through into marketing spending. “Everything we see in the rear-view mirror is good,” he told the World Retail Congress. “This quarter looks as though our revenues have pretty much got back to where we were in 2008."
UK growth is double forecasts
Tuesday 26 Oct 2010
Concerns about a double dip recession appear wide of the mark following today’s figures revealing Britain’s economy grew twice as fast as expected during the third quarter. The UK expanded by 0.8% in the three months to the end of September. Analysts had only forecast growth of 0.4%. That could mean any revival of Quantitative Easing by the Bank of England is put on the back burner for now
Cairn Energy fails again in Greenland
Tuesday 26 Oct 2010
A third disappointment during its drilling campaign offshore Greenland slammed Cairn Energy on Tuesday, but the company remains positive even if short term investors don’t.
King says banks clampdown has only just started
Tuesday 26 Oct 2010
Mervyn King has issued a stark warning to the UK's banks that recent initiatives such as Basel III are just the start of a clampdown on their activities. "Even the new levels of capital are insufficient to prevent another crisis" King said in a speech in New York, adding that it makes sense to have both belt and braces in areas of financial stability.
3D blockbusters pull in the crowds at Cineworld
Tuesday 26 Oct 2010
The UK's second biggest cinema chain Cineworld posted a 8.5% increase in revenue in the 42 weeks to 21 October after the summer's strong 3D film lineup.
King says banks clampdown has only just started
Tuesday 26 Oct 2010
Mervyn King has issued a stark warning to the UK's banks that recent initiatives such as Basel III are just the start of a clampdown on their activities.
Aquarius's new year off to strong start
Tuesday 26 Oct 2010
South African miner Aquarius Platinum saw a sharp rise in earnings in the third quarter, helped by an increase in production of platinum group metals (PGM).
Cairn Energy undeterred by Greenland miss
Tuesday 26 Oct 2010
Cairn Energy remains 'extremely encouraged' by the early stage drilling of its offshore prospects in Greenland even though it failed to find a commercial discovery. "The T8-1 and T4-1 wells did not result in commercial discoveries; consequently the well costs, including all associated demobilisation and other costs, of $185m are forecast to be written off," the firm said today.
Uranium is 'next year's gold'
Monday 25 Oct 2010
A military coup, massacre of civilians and the attempted assassination of the coup leader is not what Forte Energy had in mind when it bought the rights to dig for uranium in the West African state of Guinea.
Mail.ru unveils $5.7bn listing
Monday 25 Oct 2010
Russian internet group Mail.ru will be worth up to $5.7bn when it lists in London. Mail.ru is Russia's largest internet group and the seventh largest globally based on a measurement of page impressions.
British Land JV revives 'Cheesegrater' project
Monday 25 Oct 2010
British Land has struck a deal with Oxford Properties, the real-estate arm of Ontario Municipal Employees Retirement System (Omers) pension fund, to build the Leadenhall Building in the City of London.
Pearson lifts full-year guidance again
Monday 25 Oct 2010
Pearson has raised full-year earnings forecasts again after all parts of the publishing and education group continued to “perform strongly” in the third quarter.
Cameron singles out transport in growth plans
Monday 25 Oct 2010
David Cameron insisted he knows where the UK’s economic growth is to come from as he delivered his first major speech since last week’s comprehensive spending review.
Housing market sentiment turns bearish
Monday 25 Oct 2010
More Britons think house prices will be lower this time next year rather than higher, the first time that’s happened in all the time Rightmove has been compiling data. So-called ‘price pessimists’ totalled 32% in the property website’s latest Quarterly Consumer Confidence Survey compared with just one in ten a year ago.
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