Editor's Picks
PMI points to manufacturing slowdown
Wednesday 01 Sep 2010
Orders for Britain’s manufacturers fell to their lowest level for 14 months in August as the sector's strong growth in the first half of 2010 stalled.
Burger King in sale talks with 3i
Wednesday 01 Sep 2010
Fast food restaurant chain Burger King has been holding talks with private equity firms including the UK’s 3i over a possible sale, according to reports. A report in the Wall Street Journal said that BK, the second largest fast food chain in the world after McDonald’s, has been discussing a possible sale with possible buyers for several weeks.
Boots offloads pension scheme
Wednesday 01 Sep 2010
Alliance Boots is hiving off responsibility for one of its two expensive final-salary pension schemes to a specialist buyout vehicle.
IQE's sales ahead of expectations
Wednesday 01 Sep 2010
Sales in the second half of 2010 are expected to be ahead of previous expectations at IQE, the supplier of advanced wafer products and wafer services to the semiconductor industry.
Soco finds more oil in Vietnam
Wednesday 01 Sep 2010
Soco International has discovered oil at the Te Giac Den appraisal well, TGD-2X, offshore Vietnam.
Johnson Service confident for H2
Wednesday 01 Sep 2010
Dry cleaning to workwear hire group Johnson Service reported a 17% increase in half-year profit and said it is well placed for a successful second half.
BP raises $400m through Malaysia disposals
Wednesday 01 Sep 2010
Troubled oil giant BP has raised more than $400m (£260m) to help meet its bill for the Gulf of Mexico disaster through the sale of two of its interests in Malaysia. The oil group’s 15% interest in downstream businesses Ethylene Malaysia and 60% stake in Polyethylene Malaysia are being sold to Petronas, which operates the facilities of the pair located at Kertih, on the east coast of Malaysia.
There could be more to come from EnCore
Tuesday 31 Aug 2010
The North Sea oil industry is often overlooked in favour of up-and-coming areas such as Brazil and the Falkland Islands.
Japanese stocks fall despite Bank intervention
Tuesday 31 Aug 2010
Japan’s latest measures to try to curb its currency’s rise have failed to reassure the market, with the yen continuing to climb and stocks falling sharply.
Consumer confidence unexpectedly rises in August
Tuesday 31 Aug 2010
Consumer confidence rose unexpectedly in August despite continuing nervousness over economic prospects, according to new figures from market research group GfK NOP. Its sentiment index rose by four points to -18, the first overall increase since February. Analysts had been expecting it to fall two points to -24, although shoppers are still reluctant to splash out on big-ticket items
Kerry beefs up FY guidance
Tuesday 31 Aug 2010
Ireland's biggest food company Kerry raised its full year guidance after revealing a strong first half performance.
Reckitt gets Suboxone green light in US
Tuesday 31 Aug 2010
The US Food and Drug Administration (FDA) has given approval to Reckitt Benckiser’s new drug application to manufacture and market Suboxone sub-lingual film in the US.
888 cancels divi to save funds for R&D
Tuesday 31 Aug 2010
Online gaming giant 888 Holdings said trading in August has been significantly stronger than in July but it was not all good news for shareholders, as the company cancelled its interim dividend.
AstraZeneca braces for motavizumab disappointment
Tuesday 31 Aug 2010
AstraZeneca is mulling its options over fledgling respiratory treatment motavizumab after US regulators asked for more data on its efficacy. The drugs giant warned this could mean write-downs on the $445m of the assets relating specifically to motavizumab once it completes an analysis of the US regulator's request.
UK second quarter growth revised higher
Friday 27 Aug 2010
Britain’s economy expanded more than initially thought in the second quarter, new figures showed today. Gross domestic product grew by 1.2% during the three months to June, an even higher reading than the better than expected 1.1% growth reported for the period last month. The upward revision comes amid strength in the construction industry
Second quarter growth revised up
Friday 27 Aug 2010
Britain’s economy grew more than initially thought in the second quarter, new figures showed today.
Restructuring charges tip Regus into the red
Friday 27 Aug 2010
Serviced office specialist Regus said the market remains very challenging and difficult to predict as it announced a slump in half-year profits.
Russia behind Heritage Oil output hike
Friday 27 Aug 2010
Heritage Oil has a huge pile of cash after its recent asset sale to Tullow Oil which will fund acquisitions, but the company still hasn’t settled a tax row with the Ugandan government.
Rightmove strength continues into second half
Friday 27 Aug 2010
Rightmove, the property website, ramped up revenue by 26% in the six months to June 30 and has continued that kind of performance through July and into August. Profit before tax increased to £24.5m from £17.6m a year ago on revenue from continuing operations up to £39.2m from £31.2m as average spend per advertiser rose 20% to £365 per month.
Commodity rally a mixed blessing for Kazakhmys
Thursday 26 Aug 2010
Higher copper prices helped Kazakh miner Kazakhmys post a sharp rise in profits in the six months to June 30, but the commodity rally is not wholly welcome for the company.
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