Editor's Picks
Sony slammed as forecasts disappoint
Friday 14 May 2010
Playstation maker Sony upset investors Friday with a weaker than expected profit forecast for the current financial year, sending its shares tumbling 7%.
Wolseley doubles trading profit
Friday 14 May 2010
Building supplies group Wolseley more than doubled trading profit during the third quarter and predicts full-year profit will beat forecasts of £374m. Operating profit before exceptional items and the amortisation and impairment of acquired intangibles rose to £101m from £48m in the three months to 30 April.
Ladbrokes revenue down 6%
Friday 14 May 2010
Bad weather and customers winning more hit gaming group Ladbrokes in the four months to April.
Wolseley doubles trading profit
Friday 14 May 2010
Building supplies group Wolseley more than doubled trading profit during the third quarter and predicts full-year profit will beat forecasts of £374m. Operating profit before exceptional items and the amortisation and impairment of acquired intangibles rose to £101m from £48m in the three months to 30 April.
Premium broker tips: Industrials catch the eye
Thursday 13 May 2010
The European Strategy team at Nomura think industrial stocks poised to outperform the sector are the earlier-cycle names that are on offer at attractive valuations.
UK trade gap widens
Thursday 13 May 2010
UK trade deficit rose more-than-expected in March caused by a jump in imports.
Johnston presses on with cost-cutting
Wednesday 12 May 2010
Many people are romantic about local newspapers.
BP oil spill response costs $450m so far
Wednesday 12 May 2010
The oil spilling out of the damaged rig in the Gulf of Mexico has cost BP $450 million so far, the oil giant said on Thursday.
Unemployment climbs past 2.5m
Wednesday 12 May 2010
The new government has been given a taste of the economic challenges it faces with figures showing that unemployment surpassed 2.5m in the first quarter of 2010.
BT back in the black
Wednesday 12 May 2010
Telecoms giant BT has returned to the black in the last quarter and the full year and reported a 6% dividend rise.
Sainsbury's confident after profits jump
Wednesday 12 May 2010
Supermarket Sainsbury’s posted a rise in sales and profits in the year to March 20 and said it was confident of further progress despite expectations of a challenging consumer spending environment. Underlying pre-tax profits climbed to £610m, which was slightly ahead of expectations, from £519m the previous year, on total sales that were up to £21.4bn from £20.4bn.
Cameron appointed prime minister
Tuesday 11 May 2010
David Cameron was appointed Britain’s new prime minister this evening as Gordon Brown resigned after days of political uncertainty. Cameron, the country’s youngest prime minister for almost 200 years, will head a coalition government of the Conservatives and Liberal Democrats after a day of more dramatic twists and turns at Westminster.
Orange and T-Mobile to keep UK identities
Tuesday 11 May 2010
There’ll be no change to the Orange and T-Mobile brands in the UK following the merger of the pair last year their parent company said Tuesday.
Factory output 'spectacular' in March
Tuesday 11 May 2010
Britain’s manufacturing sector delivered a “really spectacular” performance in March as demand increased and the weak pound made British goods more competitive. UK industrial production, which accounts for 17% of GDP, rose an impressive 2% in March compared with previous month, according to the Office for National Statistics
BA union says talks could still prevent strike
Tuesday 11 May 2010
Bitish Airways cabin crew union Unite has called on the airline to enter talks which it says could still avert 20 days of strike action and massive disruption to travellers.
Sterling stays weak as politicians thrash out agreement
Tuesday 11 May 2010
Political uncertainty continued to overshadow the markets Tuesday as the Liberal Democrats conduct talks with the Conservative Party and Labour on the possibility of forming a coalition.
Early Easter hits April retail sales
Tuesday 11 May 2010
Retail sales fell in April from a year earlier, partly due to the timing of Easter, according to figures from the British Retail Consortium (BRC). The BRC said total sales fell 0.2% from a year earlier, while same-store sales were down 2.3%, in part because of the early Easter compared with last year.
Markets surge as EU agrees €750bn bail-out fund
Monday 10 May 2010
Equity markets across Europe soared on Monday as investors reacted with relief to a huge financial package to stabilise the eurozone.
Gordon Brown to step down
Monday 10 May 2010
Prime Minister Gordon Brown has announced that he is to step down as leader of the Labour Party, though his party will hold formal talks with the Liberal Democrats over the possibility of forming a coalition. The announcement came after a day of negotiations between the Liberal Democrats and the Conservative Party
RBS cuts 2,600 UK jobs
Monday 10 May 2010
Part-nationalised Royal Bank of Scotland announced it is cutting a further 2,600 jobs in its insurance and retail-banking divisions over the next year.
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