Editor's Picks
LFL growth accelerates at Whitbread
Tuesday 07 Sep 2010
Costa Coffee and Premier Inns owner Whitbread has seen an acceleration in the growth of like for like sales since June.
Gem Diamonds finds another giant
Tuesday 07 Sep 2010
Gem Diamonds has pulled another huge rough diamond from its Letšeng mine in Lesotho. The 196 carat rough white diamond was recovered on 24 August 2010. It is expected to achieve a substantial price per carat as preliminary examinations indicate it could produce top colour and top clarity polished diamonds, Gem said.
British Airways has 12 targets on merger list
Monday 06 Sep 2010
British Airways has drawn up a list of 12 potential acquisition targets once its merger with Spanish carrier Iberia is completed, chief executive Willie Walsh said over the weekend.
September rally enters seventh day
Monday 06 Sep 2010
London’s incredible rally from its March 2009 lows finally ran out of steam in April, leaving sellers free to slice over 1,000 points off the Footsie in less than two months. But the smiles are back after a winning start to September. We now find ourselves talking about four-month highs and, in more bullish quarters, a new 26-month best a stone’s throw above 5,800
British Airways has 12 targets on merger list
Monday 06 Sep 2010
British Airways has drawn up a list of 12 potential acquisition targets once its merger with Spanish carrier Iberia is completed, chief executive Willie Walsh said over the weekend. Walsh added he has held talks with executives of Iberia about BA’s role as a consolidator in the airline industry. Analysts suggest Qantas, Cathay Pacific, American, LAN and South African are all possible targets
Chariot wheels out resource estimate upgrade
Monday 06 Sep 2010
Oil and gas exploration company Chariot has wheeled out an increase to its resource estimate for its Namibian assets.
Glaxo faces call for Avandia withdrawal
Monday 06 Sep 2010
GlaxoSmithKline is facing a call to withdraw its diabetes drug Avandia in Britain because of heart risk concerns.
Fenner to hit top end
Monday 06 Sep 2010
Conveyor belt maker Fenner’s results for 2010 will be at the top end of forecasts after strong demand from the coal mine industry. “The final two trading months of our 2010 financial year have seen sustained momentum in our performance giving rise to a significant year on year increase in our underlying operating profit performance”, it said.
Devil month September gets bad rap
Friday 03 Sep 2010
There was a time when any self-respecting stockbroker would leave his phone off the hook over the warm summer months and head to the country. That, of course, was some time ago. In recent years, markets have become much more volatile beasts and few can afford to take their eye off the ball for long.
Appetite grows for restaurateurs
Friday 03 Sep 2010
Much of Britain’s restaurant trade had a tough time of it during the recession, as evidenced by the proliferation of two-for-one dining offers and other promotional inducements, but judging by mergers and acquisitions activity in the sector better times are just around the corner for restaurateurs.
BP recovers blow-out preventer
Friday 03 Sep 2010
BP has recovered the blow-out preventer from the floor of the Gulf of Mexico as its internal investigation into the causes of the Macondo well disaster nears a conclusion.
China plots rival bid for Potash
Friday 03 Sep 2010
A Canadian pension fund has been asked to team up with Chinese investors to launch a counterbid for Potash Corp after last month’s $40bn (£26bn) offer from BHP Billiton put the fertiliser giant in play.
HSBC could leave UK if forced to split
Friday 03 Sep 2010
HSBC has joined other banks in warning it could leave the UK if the Commission on Banking recommends the break-up of the country's major banks.
BP spill cost tops £5bn
Friday 03 Sep 2010
BP’s bill for cleaning up after the oil spill in the Gulf of Mexico has hit $8bn (£5.2bn), up over £1bn in less than a month, and the relief well is not expected to intercept the broken MC252 well for a couple of weeks. When the company updated on 9 August, the disaster had cost it a mere $6bn (£3.9bn)
Construction sector weak again
Thursday 02 Sep 2010
UK construction sector growth slowed for the third month in a row in August, to its lowest in half a year, doing little to calm fears of a “double-dip” recession. The Markit/Chartered Institute of Purchasing and Supply construction purchasing managers’ index (PMI) fell to 52.1 last month from 54.1 in July and 58.4 in June. It had been as high a 58.5 in May, its highest since September 2007
Tullow buys stakes in rift basin blocks
Thursday 02 Sep 2010
Tullow Oil is to buy a half-share in five licences in the East African rift basins of Kenya and Ethiopia.
Hays beats forecast after strong finish to year
Thursday 02 Sep 2010
Global recruitment firm Hays saw a return to growth in the second half of its financial year, which softened the blow of a 53% slide in pre-tax profits.
Government spending cuts leave Go-Ahead cautious
Thursday 02 Sep 2010
Rail and bus company Go-Ahead is cautious on the economic outlook and the prospect of government spending cuts after reporting a fall in profits in the year to July 3 amid tough conditions.
DSG helped by iPad and World Cup offers
Thursday 02 Sep 2010
DSG International, soon to be Dixons Retail, bumped up both total revenue and like for like sales by 3% in the first quarter as shoppers responded well to Apple's iPad and the electrical retailer’s World Cup promotion. The Currys and PC World owner grew like for like sales by 6% in the UK & Ireland during the 12 weeks to 24 July. TVs were in demand in the run up to July’s big football tournament
IQE confident after strong first half
Wednesday 01 Sep 2010
While the economic crisis has had a significant effect on consumer behaviour and is still doing so as the world readjusts, certain trends have seemingly continued unaffected.
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