Editor's Picks
BP clean-up costs hit $3.5bn
Monday 12 Jul 2010
BP said the cost of the clean-up in the Gulf of Mexico now amounts to $3.5bn, up from $3.12bn a week ago and $2.65bn two weeks ago.
Kent Reliance confirms Flowers deal
Monday 12 Jul 2010
Building society Kent Reliance has confirmed talks are underway with US private equity firm JC Flowers, which intends to use it to create a new force in UK high street banking. Flowers will invest £50m for a 49% stake in a new holding company. Under the deal, the building society will remain a mutual, with Kent Reliance members owning 51% of the new structure
Acquisition vehicles flock to the market
Friday 09 Jul 2010
A number of well-known City grandees have recently been listing acquisition vehicles on the London Stock Exchange to take advantage of cheap assets in the aftermath of the financial crisis. A new bid vehicle that plans to take over taxpayer-controlled banking assets such as Northern Rock could float on the AIM by the end of the month.
Cable may have blown it, say electric carmakers
Friday 09 Jul 2010
Electric cars have come a long way in the past decade. No longer the poor relation to their petrol driven cousins, they can travel hundreds of miles without recharging and do 0-60 in under 4 seconds.
Catcher oilfield puts focus back on North Sea
Friday 09 Jul 2010
You’d be forgiven for thinking we’d seen the last of the big North Sea oilfields, but a new find, potentially one of the biggest, has been made by a UK trio, sparking fresh interest in the treacherous seas off the Scottish coast.
Recruiters rebound
Friday 09 Jul 2010
Economists may be arguing over whether a double dip recession is on the cards but recent results from recruitment firms suggest employment prospects are on the up, though UK public sector workers might not agree.
Exxon sounds out US over BP
Friday 09 Jul 2010
US oil giant Exxon has started to clear the political hurdles ahead of a possible bid for BP, reports today suggested.
Acquisition vehicles flock to the market
Friday 09 Jul 2010
A number of well-known City grandees have recently been listing acquisition vehicles on the London Stock Exchange to take advantage of cheap assets in the aftermath of the financial crisis. The latest of these bid vehicles plans to take over taxpayer-controlled banking assets such as Northern Rock and is on course to join AIM.
Cable may have blown it, say electric carmakers
Friday 09 Jul 2010
Electric cars have come a long way in the past decade. No longer the poor relation to their petrol driven cousins, they can travel hundreds of miles without recharging and do 0-60 in under 4 seconds.
Catcher puts focus back on North Sea
Friday 09 Jul 2010
You’d be forgiven for thinking we’d seen the last of the big North Sea oilfields, but a new find, potentially one of the biggest, has been made by a UK trio, sparking fresh interest in the treacherous seas off the Scottish coast.
Acquisition vehicles flock to the market
Friday 09 Jul 2010
A number of well-known City grandees have recently been listing acquisition vehicles on the London Stock Exchange to take advantage of cheap assets in the aftermath of the financial crisis.
Recruiters rebound
Friday 09 Jul 2010
Economists may be arguing over whether a double dip recession is on the cards but recent results from recruitment firms suggest employment prospects are on the up, though UK public sector workers might not agree.
BA planning next merger
Friday 09 Jul 2010
British Airways, still in the process of sorting out its merger with Iberia, is already casting its eye further afield and will be ready to do another deal next year.
New banking bid vehicle eyes July float
Friday 09 Jul 2010
A new bid vehicle that plans to take over taxpayer-controlled banking assets such as Northern Rock could float on the London Stock Exchange by the end of the month. The venture, currently called "Project New Bank", will first join the junior AIM market before stepping up to the main market after a successful bid, according to the Independent.
Still cautious SIG to top forecasts
Friday 09 Jul 2010
Insulation materials and specialist construction products maker SIG said underlying profit before tax for the first half of 2010 will be above market expectations.
Bovis to bring back the dividend
Friday 09 Jul 2010
Housebuilder Bovis is selling homes in line with its targeted weekly sale rate and will resume dividend payments at the end of the financial year as long as things continue as they are.
House prices fall for third month
Thursday 08 Jul 2010
House prices fell for the third month running in June, latest data from mortgage lender Halifax indicates.
City heavyweights eye UK banking assets
Thursday 08 Jul 2010
A handful of city grandees are reportedly drawing up plans to take over taxpayer-controlled banking assets such as Northern Rock. Lloyd’s of London chairman Lord Levene and Sir David Walker, best known for his review into bank boardroom practices, are backing a new bid vehicle that will list on London’s main market and attempt to establish a presence on the British High Street.
Robert Wiseman sales up 11.6% in Q1
Thursday 08 Jul 2010
Sales at Robert Wiseman Dairies were up 11.6% in the first quarter thanks to acquisitions and more business from existing customers, but it tells shareholders to expect lower like-for-like growth during the rest of the year.
Man sales remained subdued
Thursday 08 Jul 2010
Man Group said sales in the quarter have remained subdued amid continued market uncertainty.
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