Editor's Picks
MPC's Sentance praises spending cuts
Friday 22 Oct 2010
The deep cuts announced by the government earlier this week are unlikely to hurt the economy, the Bank of England policymaker Andrew Sentance has said.
AIA to raise $18bn in Hong Kong listing
Friday 22 Oct 2010
US insurance giant AIG’s Asian arm AIA hopes to raise $18bn (£11.4bn) when its shares begin trading in Hong Kong next week.
Betfair prices IPO at 1,300p
Thursday 21 Oct 2010
Online gaming group Betfair has set the price of its stock market listing at 1,300p, the middle of its indicated range.
Court rules BT pensioners have government guarantee
Thursday 21 Oct 2010
The UK government has to guarantee all BT employees in the BT pension scheme not just the ones that joined prior to privatisation in 1984, according to a court ruling.
TUI Travel results error forces FD out
Thursday 21 Oct 2010
TUI Travel has had to restate results for the 2008/09 and take an extra £88m charge linked to the integration of IT systems in its UK mainstream business following the merger with First Choice Holidays in 2007.
Defence cuts to hit BAE growth
Thursday 21 Oct 2010
Defence giant BAE expects to see a reduction in growth in 2010 due to the Strategic Defence and Security Review (SDSR) that was announced on Tuesday, it said today.
Mixed production figures at Anglo American
Thursday 21 Oct 2010
Mining giant Anglo American reported mixed production figures for the third quarter, ramping up output of platinum and other metals, but seeing a fall in production of copper.
‘Upstart’ Murdoch sets out his stall
Wednesday 20 Oct 2010
Supporters of Rupert Murdoch will say that today’s results from satellite broadcaster BSkyB show why he stirs up so much antipathy among rivals.
Bus companies cheer continued subsidies
Wednesday 20 Oct 2010
Bus companies were in the fast lane on Wednesday after the government maintained bus subsidies.
Rail and VAT prompt Stobart to lower forecast
Wednesday 20 Oct 2010
Logistics group Stobart has cut its profit expectations for this year to the bottom of the market’s range and is wary over prospects for 2011.
Sports Direct braced for tough 2011
Wednesday 20 Oct 2010
Sports Direct, owner of Sports World stores and the Slazenger and Dunlop brands, continued along the recovery trail in the July to September quarter.
Uranium is 'next year's gold'
Wednesday 20 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. After a horrible 18 months, bullish Aussie chief operating officer Brad George reckons all bets are back on and uranium could be “next year’s gold”.
Blacks soars after bid approaches
Tuesday 19 Oct 2010
Shares in Blacks soared after the retailer said it is in talks with several potential bidders for the outdoor clothing and equipment retailer. It said it is in talks over either a possible offer for the company or an offer to acquire some of its activities and assets. It has appointed the financial advisory firm McQueen to advise the board on the matter,
Margins squeezed at Apple
Tuesday 19 Oct 2010
Despite topping most analysts’ forecasts with its fourth quarter results after the bell on Monday, consumer electronics powerhouse Apple saw its shares slide as many shareholders took note of some cautious outlook comments and banked profits.
Recovery on track at National Express
Tuesday 19 Oct 2010
Bus and train group National Express continues to recover, with third quarter revenues driven higher by its UK bus and rail divisions.
GKN confident as profits double
Tuesday 19 Oct 2010
Automotive and aerospace engineer GKN expects a “solid” end to the year after sales jumped 21% in the third quarter and profit before tax more than doubled.
Parker signs off in style at Whitbread
Tuesday 19 Oct 2010
First half underlying pre-tax profits from Premier Inn and Costa Coffee owner Whitbread were in line with market expectations but the company had a pleasant surprise on the dividend front. Group underlying profit before tax rose by 28.4% to £151.8m in the six months to 2 September from £118.2m in the corresponding period of last year.
RBC buys BlueBay Asset for £1bn
Monday 18 Oct 2010
Bluebay Asset has agreed an all cash takeover by Canadian bank Royal Bank of Canada (RBC) that values the fixed income fund manager at just short of £1bn.
Business leaders support Osborne's big cuts
Monday 18 Oct 2010
Thirty five of the UK's leading businessmen have urged chancellor George Osborne not to backtrack on his pledges to cut public spending or the country will face higher taxes and interest rate rises.
Gulf Keystone bags £109m to drill Kurdistan
Monday 18 Oct 2010
Gulf Keystone Petroleum has raised £109.24m from a placing to help speed up its drilling programme in Kurdistan.
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