Editor's Picks
Changes at the top at Connaught
Thursday 08 Jul 2010
Connaught, the social housing firm that has seen its share price slump by almost two thirds in the past two weeks, is looking for a new chief executive after current boss Mark Tincknell stood down to recover from recent health issues.
JJB unaffected by England’s World Cup disaster
Thursday 08 Jul 2010
England’s premature exit from the World Cup doesn’t seem to have affected JJB at all, with like-for-like sales at the sports retailer up over 22% in the last six weeks. The company, which will be hosting a presentation for analysts and shareholders at its newly refurbished store in Slough today, said the 22.3% increase was in line with expectations, adding that sales are up 12.1% so far this year.
Japan’s laggards due a re-rating
Wednesday 07 Jul 2010
The Japanese economy has suffered with the best of them over the past few years, a situation made worse by a strong local currency and political uncertainty.
EU votes for caps on bankers' bonuses
Wednesday 07 Jul 2010
The European Parliament has voted to implement tough new rules curbing bonuses for bankers and traders in Europe from next January. Under the deal agreed by the EU members in June, cash bonuses for City bankers should be limited to no more than 30% of their total bonus, or 20% for larger payouts. From next year
Qataris said to be circling Sainsbury's
Wednesday 07 Jul 2010
Supermarket chain J Sainsbury is up at a two-month high Wednesday on growing speculation that former suitor, the Qatar Investment Authority, is stake building.
M&S down on cautious outlook
Wednesday 07 Jul 2010
High Street bellwether stock Marks and Spencer reported a 3.6% rise in UK like for like sales in the first quarter but said it is cautious about the outlook for consumer confidence and spending.
DS Smith in big French acquisition
Wednesday 07 Jul 2010
Paper and plastic packaging firm DS Smith is to buy Otor, a corrugated packaging company based in France.
BP in Abu Dhabi talks
Wednesday 07 Jul 2010
BP will have to give the US government prior warning about any asset sales or a takeover as US politicians fear the oil giant may try and avoid covering all its liabilities in the Gulf of Mexico. It’s emerged that the US Department of Justice sent a letter to BP on 23 June demanding it be notified of any deal at least 30 days in advance.
PartyGaming enjoying a spin
Tuesday 06 Jul 2010
If you go in for social stereotypes then cigar chomping whisky drinkers are being replaced by smartly attired punters who prefer their Martinis to be shaken and not stirred at online gambling sites operated by PartyGaming.
Ocado aims for £1bn valuation
Tuesday 06 Jul 2010
Online food distributor Ocado is to test the market's appetite for new issues with a float this month that could see the Waitrose partner valued at up to £1.1bn. Shares in the online group will be priced at between 200p and 275p, giving the group a valuation range of £800m to £1.1bn, potentially making it eligible for inclusion in the FTSE 250 index.
Civil servant redundancy pay to be capped
Tuesday 06 Jul 2010
Controversial plans to cap redundancy payments to civil servants have been announced by the government today.
Punch wary despite World Cup boost
Tuesday 06 Jul 2010
Sunshine and World Cup fever has given Punch Taverns' sales a boost, but the heavily-indebted pub group still remains cautious over prospects.
Ocado to float this month
Tuesday 06 Jul 2010
Online food distributor Ocado is to test the market's appetite for new issues with a float this month that could see the Waitrose partner valued at up to £1.1bn.
Threat of economic setback worries BCC
Tuesday 06 Jul 2010
UK plc continued to grow in the second quarter, but the British Chambers of Commerce (BCC) warns “serious” concerns about the economic recovery remain.
Tullow interim revenue nears $500m
Tuesday 06 Jul 2010
Tullow Oil has had a “very good“ first half during which production came in on target and revenue increased about 13% to almost half a billion dollars. Group working interest production averaged 55,800 barrels of oil equivalent per day (boepd) in the first six months of the year, in line with market guidance. It’s expected to be between 56,000 and 57,000 boepd for all of 2010.
Strike hits BA passenger numbers
Monday 05 Jul 2010
British Airways said traffic measured in revenue passenger kilometers fell 11.1% in June, in part due to strike action by the Unite union in the first nine days of the month.
Lloyds raises £332m through sale
Monday 05 Jul 2010
Part-nationalised lender Lloyds Banking Group is offloading a portfolio of 40 private equity investments in its Bank of Scotland Integrated Finance (BoSIF) unit to a newly formed joint venture.
Genus on track
Monday 05 Jul 2010
Genus, the animal breeding specialist, reports trading has continued to improve in the second half aided by beneficial exchange rate movements.
Premier Oil upgrades Catcher estimates again
Monday 05 Jul 2010
Premier Oil has upgraded reserves estimates for Catcher and Catcher East to between 60 million barrels of oil (mmbls) and 100 mmbbls after striking oil again at the lucrative field in the UK Central North Sea.
BP looks for investors, shares bounce
Monday 05 Jul 2010
Shares in BP closed almost 4% higher on Monday on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf disaster. The cost of the clean-up has now exceeded $3bn, up from $2.65bn a week ago.
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