Editor's Picks
Carnival profits rise amid strong demand
Tuesday 21 Sep 2010
Cruise operator Carnival said holidaymakers were still queuing up to book places on its boats in spite of the tough economy as it posted a rise in third quarter revenues and profits. The operator of P&O and several other cruise brands operating in the UK and elsewhere said pre-tax profits in the three months to August 31 rose to $1.3m (£0.83m) from $1.1m over the same period the previous year.
Nautical makes 'fantastic' North Sea find
Tuesday 21 Sep 2010
Nautical Petroleum is today’s big “whoosher” after the oil explorer announced another big find in the Central North Sea.
Cairn rejoices in Greenland strike
Tuesday 21 Sep 2010
Cairn Energy has discovered oil and gas at its Alpha-1S1 well offshore Greenland. The Edinburgh-based company drilled down almost 4,500 metres and encountered gas shows over “several hundreds of metres” and oil intermittently over a 400m section. Early analysis reveals the presence of two types of oil at the well, one of the first three wells to be drilled in the Baffin Bay basin
Mears and British Gas in energy efficiency drive
Tuesday 21 Sep 2010
Mears and British Gas have joined forces to help improve the energy efficiency of 500,000 council and housing association properties.
Wellstream soars on bid approaches
Tuesday 21 Sep 2010
Oil services group Wellstream has noted the rise in its share price and confirmed it has received a number of preliminary takeover approaches.
Sportingbet settles with US authorities for $33m
Tuesday 21 Sep 2010
Online bookmaker Sportingbet is the latest gaming firm to settle with the US Department of Justice over illegal internet gambling, clearing the way for it to take part in the wave of industry consolidation currently underway.
Cairn Energy abandons Greenland well
Tuesday 21 Sep 2010
Cairn Energy has plugged and abandoned its first exploration well in an extensive Greenland drilling programme after deciding it was not commercial. The T8-1 well encountered gas in thin sands and reached a depth of 3,250m but did not result in a commercial discovery, Cairn said. The well costs, $84.2m excluding demobilisation, have been written off.
French banks fined for cheque fee cartel
Monday 20 Sep 2010
France’s banking watchdog has rapped numerous banks across the knuckles, including UK-based HBSC, for charging too much for handling cheques.
BAE in $300m counter-terror expansion
Monday 20 Sep 2010
BAE Systems has strengthened its position in the US counter-terrorism market with the acquisition of the consultancy division of American firm L-1 Identity Solutions.
WPP takes stake in Singapore's Comwerks
Monday 20 Sep 2010
WPP has strengthened its Asian business will the acquisition of a 51% stake in Singapore-based Comwerks, a full service digital agency with a big list of government and public sector clients.
HSBC sells Asia banknotes business
Monday 20 Sep 2010
Global banking titan HSBC is to sell its wholesale banknotes business in Asia to United Overseas Bank (UOB).
Hochschild settles Argentine mine dispute
Monday 20 Sep 2010
Hochschild Mining has dropped its legal action against partner Minera Andes after an agreement between the two miners to restructure the $65m loan at the heart of the dispute.
YCO ships in super-rich for Monaco show
Friday 17 Sep 2010
YCO’s share price has entered stormy waters as speculation does the rounds that the superyacht company is about to clinch a big deal at next week’s all-important boat show in Monaco.
M&B purchase of Ha Ha chain is no joke
Friday 17 Sep 2010
Pubs group Mitchells & Butlers is paying Restaurant Group £19.5m in cash for its Ha Ha Bar & Grill chain.
Invensys pairs up with Chinese train maker
Friday 17 Sep 2010
Blue chip engineer Invensys has become the exclusive supplier of railway signalling to chinese rolling stock maker CSR Corporation.
Shell to offer scrip alternative
Friday 17 Sep 2010
Royal Dutch Shell shareholders will get the chance to take dividends in future in shares rather than cash as the Anglo-Dutch giant has brought in a scrip alternative scheme.
Lloyds boss Daniels to step down
Friday 17 Sep 2010
Eric Daniels, chief executive of Lloyds Banking Group is to retire in a year’s time, the partly state-owned lender said. The announcement comes soon after the bank reported a return to profit following an extremely tumultuous period. Chairman Sir Win Bischoff will now lead a committee to find a successor for Daniels.
UBM purchase paves way for emerging market expansion
Thursday 16 Sep 2010
For a company that wants to expand in emerging markets, it may seem odd that specialist publisher and events organiser UBM has agreed to buy Canon Communications.
Retail sales fall unexpectedly
Thursday 16 Sep 2010
Retail sales fell unexpectedly in August, fuelling concerns that Britons have begun cutting back in expectation of tough economic conditions.
Japan moves to weaken yen
Thursday 16 Sep 2010
Japanese authorities have moved to weaken the value of the yen for the first time in six years, sending stocks soaring in approval.
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