Editor's Picks
Monday newspaper round-up: Japan, Bahrain, Tullett Prebon...
Friday 11 Mar 2011
An explosion rocked Japan’s earthquake-damaged Fukushima Daiichi nuclear plant on Monday, escalating the emergency at the 40-year-old facility north of Tokyo.
Friday newspaper round-up: Libya. Moody's, Angry Birds...
Friday 11 Mar 2011
Muammer Gaddafi’s superior military forces meant his “regime will prevail” in the longer term, the US director of national intelligence, James Clapper, said in comments that undermined a robust defence by Washington of its Libya policy.
FirstGroup hit by school bus business
Friday 11 Mar 2011
Bus and train group FirstGroup remains on track to hit full-year earnings and cash targets, but it’s been a bumpy journey for the school bus business.
Retailers can't sit still in austerity Britain
Friday 11 Mar 2011
The freak weather that hit the High Street this winter and last has made gauging the state of the retail sector difficult so far this year, but the trends that will be seen in 2011 may be taking shape. Weather was favourable in January after an awful December, in contrast to the previous year when the snow didn’t fall until after Christmas.
Standard Life makes 'good progress'
Thursday 10 Mar 2011
It was a “good” 2010, Standard Life confirmed today, with net adjusted inflows up 46% and the insurer says it’s made a strong start to 2011.
Aggreko cautious on Arab turmoil
Thursday 10 Mar 2011
Aggreko, the temporary electricity supplier that will power next year’s London Olympics, enjoyed a strong year in 2010, but warned that the current turmoil in the Arab world makes predicting this year’s outcome difficult.
Manufacturing continues rapid growth, pay slows
Thursday 10 Mar 2011
UK’s resurgent manufacturing sector grew at its fastest pace year-on-year for seventeen years in January as electrical equipment and motor production soared.
Home Retail warns on profits
Thursday 10 Mar 2011
Argos and Homebase owner Home Retail Group has lowered full year profits guidance as trading remains tough, especially at Argos. "Group benchmark profit before tax for the year just ended is now expected to be between £250m and £255m,” CEO Terry Duddy said. Market consensus for pre-tax profit for the year to 26 February 2011 was £260.9m prior Thursday’s announcement.
Interest rates held at 0.5%
Wednesday 09 Mar 2011
The Bank of England has held interest rates at 0.5%, as expected, two years after they were cut to the current record low.
Tchenguiz brothers arrested in Kaupthing fraud probe
Wednesday 09 Mar 2011
Police have arrested the high profile property entrepreneurs Vincent and Robert Tchenguiz as part of an investigation into the collapse of Icelandic investment bank Kaupthing. The pair were picked up by the Serious Fraud Office and City of London police along with five others at dawn Wednesday. Offices in Mayfair and Park Lane were also raided.
Johnston Press ad sales falls, CEO to step down
Wednesday 09 Mar 2011
Regional newspaper publisher Johnston Press said ad sales fell in the last year, following government spending cuts, and expressed caution about the uncertain economic outlook for 2011. The Yorkshire Post and Scotsman publisher said total advertising for the first nine weeks of 2011 fell 11.4% compared with a decline of 6.4% for the 52 weeks ended 1 January 2011.
Tullow profits swell on higher oil price
Wednesday 09 Mar 2011
Africa-focused oil company Tullow Oil ramped up profits in 2010, broadly in line with City expectations, as oil prices jumped by almost a third.
Two leave as new Lloyds chief shakes up board
Wednesday 09 Mar 2011
New Lloyds Banking chief executive António Horta-Osório has stamped his authority with a shake-up of the retail bank and insurance divisions and the departure of two senior directors. Archie Kane, Group Executive Director for Insurance and Scotland, and Helen Weir, Group Executive Director for Retail, will both stand down after the next AGM.
Johnson Service looks beyond dry cleaning
Tuesday 08 Mar 2011
Johnson Service Group (JSG) is best known for its dry cleaners chain Johnsons, but that is just one of the company’s three businesses.
British food price rise outpaces Europe
Tuesday 08 Mar 2011
British food prices are rising faster than elsewhere in Europe, according to the figures from the Organization for Economic Cooperation and Development (OECD), echoing a recent report by UBS that said UK grocers are putting up prices more than their continental peers.
Retail sales turn down sharply
Tuesday 08 Mar 2011
Retail sales in February fell at their fastest annual pace in 10 months, according to the latest data from the British Retail Consortium.
RBS chief granted £4.5m extra bonus shares
Tuesday 08 Mar 2011
Royal Bank of Scotland chief executive Stephen Hester has been granted £4.5m of shares in a new long-term incentive plan to lift his total maximum pay for 2010 to £7.75m. The award to Mr Hester is part of £28m of share bonuses and long-term incentives awarded to nine senior executives at the 84% taxpayer–owned bank.
BCC cuts UK growth estimate
Tuesday 08 Mar 2011
The British Chambers of Commerce (BCC) has cut its estimate for British growth this year, following the unexpected fall in output in the last quarter of 2010.
Antofagasta pays $1 special as profits top $1bn
Tuesday 08 Mar 2011
Copper miner Antofagasta is to pay a huge special dividend after profits last year crashed through the $1bn mark as output rose and prices soared.
Inchcape beats forecasts, resumes divi
Tuesday 08 Mar 2011
Car dealership Inchcape revealed better than expected full year results, resumed its dividend payment and said it is confident of a solid performance in 2011 as it continues to tap into fast growing Emerging Market and Asia-Pacific economies. The group reported sales of £5.9bn for 2010 up from £5.6bn the year before. Pre- exceptional pre-tax profit climbed to £214.0m from £155.1m a year earlier.
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