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  • More travel chaos as Scottish airline goes bust

    Thursday 17 Dec 2009

    Thousands of passengers are stranded overseas after Globespan, which operates Scotland’s largest airline, was placed in administration. All Flyglobespan planes were grounded without warning after the Edinburgh-based company failed to secure a multi-million-pound rescue package last night. About 4,000 passengers are estimated to be stranded abroad

  • Punch still suffering a hangover

    Wednesday 16 Dec 2009

    Depending on your point of view, Punch Taverns’ trading statement today is either a glimpse into the tough times currently being suffered by pubs in the UK or an indictment of the company’s own failings.

  • SFO to investigate Icelandic bank Kaupthing

    Wednesday 16 Dec 2009

    The Serious Fraud Office has launched an investigation into possible “Fraud Act offences” at failed Icelandic bank Kaupthing.

  • Ireland out of recession but still suffering

    Wednesday 16 Dec 2009

    Ireland's battered economy technically moved out of recession in the last quarter but the position overall remains terribly depressed.

  • National Express hires Tube Lines boss as CEO

    Wednesday 16 Dec 2009

    Rail and bus operator National Express has hired Dean Finch, the current boss of Tube Lines, as its new chief executive.

  • Kesa beats forecasts

    Wednesday 16 Dec 2009

    Retailer Kesa Electricals has reported a bigger than expected first half profit and better than forecast like for like sales at its Comet chain.

  • Premium broker tips: RBS 'less risky' now

    Wednesday 16 Dec 2009

    Companies featured include: RBS, Barratt, Taylor Wimpey, Whitbread, BSkyB, Informa, United Business Media, Jardine Lloyd Thompson

  • RBS stresses need to pay bonuses

    Tuesday 15 Dec 2009

    Royal Bank of Scotland chairman Philip Hampton today insisted the lender needed to pay 'commercial' bonuses to reward staff, but denied reports that the board threatened to walk out over government limits to pay-outs.

  • British Airways starts legal action against strike

    Tuesday 15 Dec 2009

    British Airways has started legal action to halt a 12-day strike planned by cabin crew over Christmas. Prime minister Gordon Brown admitted he is worried by the strike prospect and called on both sides to resolve the dispute. “I know there is a legal challenge today in the courts and we have got to see what happens as a result of that,

  • VT Group signals intent

    Tuesday 15 Dec 2009

    VT Group has wasted little time in acting on its strategy to expand in the support services sector after announcing the completion of its disposal of ship-building operations on October 30.

  • Kraft says Cadbury defence lacks surprises

    Tuesday 15 Dec 2009

    Kraft Food today responded to Cadbury’s defence against the American food giant’s hostile takeover attempt, saying it has ‘heard nothing from Cadbury that surprises us.’

  • Carpetright doubles divi after 'strong' first half

    Tuesday 15 Dec 2009

    A return to sales growth in the UK & Ireland helped carpets and floor coverings group Carpetright increase pre-tax profit by 16% and double the dividend. Profit before tax for the 26 weeks ended 31 October grew to £11m from £9.5m a year ago, which includes a £2.9m loss on the exit from Poland. Revenue rose 9% to £258m.

  • Premium broker tips: BA still has fan club

    Tuesday 15 Dec 2009

    The decision by British Airways staff to strike for 12 days over Christmas could cost the airline £40-£50m in lost profits, but one broker continues to see the positive side.

  • Whitbread prizes Costa strength

    Monday 14 Dec 2009

    For all the excitement about Costa Coffee’s strong performance in the third quarter, it is worth remembering that Premier Inn is still the hotel, restaurant and coffee shop operator Whitbread’s biggest business.

  • Lloyds gets 95% rights take-up

    Monday 14 Dec 2009

    Lloyds Banking has received overwhelming backing from investors for its £13.5bn cash call with a take-up of over 95% of the shares on offer.

  • BA staff vote for Christmas strike

    Monday 14 Dec 2009

    There’s bad news for those hoping to fly British Airways this Christmas after staff voted in favour of strike action at a meeting today. The result, said to have been 9 to 1 in favour of strike action, means staff will walk out for 12 days from 22 December. Over 12,500 cabin crew were issued with ballot papers a month ago by unions furious at new working practices introduced by the UK carrier

  • Whitbread to beat forecasts as sales surge

    Monday 14 Dec 2009

    Hotel, pub and coffee shop group Whitbread expects results for the current year to 'somewhat exceed the top end of market estimates' as Costa Coffee led a rally in sales in the third quarter.

  • London retail sales up most in 3 years

    Monday 14 Dec 2009

    The tills are ringing in shops across central London despite the recession, propelling underlying retail sales up by 13.3% in November, their best growth since October 2006.

  • House prices up for fourth month

    Monday 14 Dec 2009

    Demand for houses continues to outstrip supply and kept prices rising for the fourth month in a row in November, the latest data from the Royal Institution of Chartered Surveyors indicates.

  • Premium broker tips: Standard Chartered

    Monday 14 Dec 2009

    Credit Suisse has upgraded Standard Chartered following last week’s positive trading update which calmed fears about exposure to Dubai and forecasts of continued growth in wholesale banking revenues into 2010.

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