Editor's Picks
Citi increases oil price estimate for 2011 by 17%
Monday 07 Mar 2011
Motorists will be horrified to hear that leading City analysts believe oil prices could average $105 a barrel in 2011 and $100 next year. Citigroup, which had been forecasting just $90 for both years before today, altered its view to reflect the threat of further disruption to output – a so-called “fear premium”. Prices have rocketed since the spate of uprisings across North Africa spread to Libya
LibDems want bank share giveaway
Monday 07 Mar 2011
The UK taxpayer's stakes in Lloyds Banking and Royal Bank of Scotland could be given away free to the British public under proposals unveiled by the Liberal Democrats.
Broadbent to replace Sentance on MPC
Monday 07 Mar 2011
Ben Broadbent is to replace Andrew Sentance on the Bank of England’s (BofE) Monetary Policy Committee (MPC).
Broadbent to replace Sentance on MPC
Monday 07 Mar 2011
Ben Broadbent is to replace Andrew Sentance on the Bank of England’s (BofE) Monetary Policy Committee (MPC).
Moody's downgrades Greece
Monday 07 Mar 2011
Ratings agency Moody’s Investor Service has cut its rating on Greece by three notches amid concerns that the indebted eurozone country will not be able to meet the conditions of the bailout it succumbed to last year.
Foreign & Colonial expects increased M&A activity
Monday 07 Mar 2011
The performance of heavyweight investment trust Foreign & Colonial in 2010 was on par with that of the trust’s benchmark index but lagged that of its peer group.
BG and Tokyo sign LNG contract
Monday 07 Mar 2011
UK oil and gas titan BG Group has signed a 20-year deal to provide 1.2m tonnes of liquefied natural gas (LNG) a year to Tokyo Gas, Japan’s largest city gas supplier. Tokyo Gas will be supplied from the Queensland Curtis LNG facility on Curtis Island, near Gladstone in Queensland, Australia, and from BG Group's global LNG portfolio.
Car sales fall 7.7% in February
Friday 04 Mar 2011
New car sales fell in February but the decline was not as severe as it might have been given that sales in the same month last year were boosted by a government scheme to subsidise car purchases.
HSBC denies London move talk
Friday 04 Mar 2011
HSBC has rejected reports it has decided to move its headquarters from London to Hong Kong. A story in the Sunday Telegraph claimed major investors in the giant bank had been told that "a move is now more than likely". In a statement the bank said "Talk of imminent change in HSBC's position on this matter is entirely speculative and presumptuous.”
Fall in house prices sharpest since October 2009
Friday 04 Mar 2011
January’s rise in UK house prices is looking like a false dawn as February saw a resumption of the downward trend, according to the latest survey from mortgage lender Halifax.
Monday newspaper round-up: Tesco, BAE Systems, Budget...
Friday 04 Mar 2011
Britain’s leading supermarkets have been accused of misleading planning authorities by claiming to create tens of thousands of jobs when actually they employ fewer workers than they did two years ago.
Ocado sales rise by a quarter
Friday 04 Mar 2011
Customers have flocked to online grocery specialist Ocado with gross sales up by nearly a quarter over the past three months. The firm, which has a long-term delivery deal with John Lewis grocery arm Waitrose, saw sales rise to £146.2m from £117.2m in the 12 weeks to 20 February. Average orders per week for the 12 weeks increased by 26.1% to 103,207 from 81,823 in equivalent period in 2010.
Xoom to do battle in the UK with iPad
Thursday 03 Mar 2011
The second coming of the iPad was announced by consumer electronics giant Apple yesterday, and about the biggest surprise was that the company’s co-founder and chief executive Steve Jobs, took time off from sick leave to present it.
Glencore boosts valuation with profit surge
Thursday 03 Mar 2011
Glencore, the Swiss commodities giant that is planning a London listing, saw profits soar 2010 as prices for metals and grains soared.
Aviva makes third more in 2010
Thursday 03 Mar 2011
Insurer Aviva ramped up profits by 35% in 2010, helped by cost cutting, and had a record year in the UK.
US defence cuts squeeze Cobham
Thursday 03 Mar 2011
Defence firm Cobham’s profits in 2010 were hurt by delays in orders in the US and the company sees continuing difficulties this year as the world’s only superpower seeks to rein in spending following the financial crisis.
Tullow hails excellent result off coast of Ghana
Thursday 03 Mar 2011
Oil and gas firm Tullow Oil hailed an “exceptional result” on its drilling of the Enyenra-2A appraisal well, in the Deepwater Tano licence offshore Ghana.
No dividend as Trinity Mirror revenues slip
Thursday 03 Mar 2011
Newspaper publisher Trinity Mirror held back from reinstating its dividend despite a big jump in profits as it slashed costs to cope with the tough times the newspaper industry is facing.
Government lets News Corp buy BSkyB
Thursday 03 Mar 2011
The government has agreed to let Rupert Murdoch’s News Corporation buy satellite broadcaster BSKyB in a deal that will see Sky News placed under independent control. Rival newspaper groups had complained that giving News Corp, which publishes theTimes and the Sun, full control of BSkyB would damage media plurality.
Sir Ken Morrison share deals to spark FSA probe
Wednesday 02 Mar 2011
The City watchdog is preparing to investigate Sir Ken Morrison, the former chairman of Wm Morrison, for apparently failing to tell anyone he’d sold almost 137m shares in the supermarket chain.
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