Editor's Picks
Global food prices soar to record
Wednesday 05 Jan 2011
Global food prices hit record highs in December amid factors such as growing demand from China and a poor Russian wheat crop.
Next counts cost of snow
Wednesday 05 Jan 2011
The snow lost Next an estimated £22m of full price sales in the run-up to Christmas, although the high street fashion chain remains on target to meet full-year profit forecasts. Like for like sales between 1 August and 24 December tumbled 6.1%, worse than analysts expected. Sales at rival stores and limited stock availability on best-selling lines in the run up to Christmas also hurt business
Cold weather dashes HMV recovery hopes
Wednesday 05 Jan 2011
Hopes that Christmas trading could spark a revival in trading at music retailer HMV were dashed by the dismal weather with sales falling across the group, which also warned meeting its bank covenant targets in April will now be 'tight'.
Hardy Oil disappointed with second D9 well
Wednesday 05 Jan 2011
India-focused Hardy Oil and Gas has plugged and abandoned the KG-D9-B3 well on its D9 (KG-DWN-2001/1) exploration licence.
Extra topping of profits from Domino's
Wednesday 05 Jan 2011
Fast growing pizza delivery firm Domino’s Pizza will deliver an extra topping of profits after a strong finish to 2010. System sales for the 13 week period to 26 December increased by 17.8% to £132.5m from £112.4m in the corresponding period of 2009. That took system sales for the 52 weeks ended 26 December 2010 to £485.3m, a 19.2% increase on 2009’s £407.0m).
BT seeks to allay "two-tier internet" fears
Tuesday 04 Jan 2011
Telecoms giant BT is trialling a new service that will allow internet service providers (ISPs) who use its network to deliver video content more rapidly.
Oberthur turns up heat on De La Rue
Tuesday 04 Jan 2011
Oberthur, the French banknote printer that has bid for De La Rue, cranked up the pressure on its British rival Tuesday saying it believes that De La Rue has missed out on a recent tender to supply currency paper to the Reserve Bank of India.
Blacks Leisure upbeat over December sales
Tuesday 04 Jan 2011
Bid target Blacks Leisure saw strong underlying trading through December, with like-for-like sales in its Outdoor stores up by over 10%, though last year's retrenchment meant sales fell overall.
Cairn secures rigs for Greenland programme
Tuesday 04 Jan 2011
Cairn Energy has agreed a contract to tie-up two drilling vessels for its 2011 exploration programme offshore Greenland.
Manufacturing activity hits 16-year high
Tuesday 04 Jan 2011
Manufacturing activity in Britain grew at its fastest pace since 1994 in December, new figures showed. The Markit/CIPS manufacturing Purchasing Managers’ Index (PMI) hit 58.3 during the month, ahead of expectations and up from 57.5 the previous month. CIPS said the growth in manufacturing was partly driven by the weak pound
US close: AIG surprise feature in 2010 winners
Saturday 01 Jan 2011
US stocks were mixed on the last day of 2010, with the venerable Dow Jones index inching higher while the NASDAQ Composite dipped, and the S&P 500 stood still.
Oil prices to nudge record high
Saturday 01 Jan 2011
Oil prices are trading close to levels seen in May last year and analysts think the average cost of crude in 2011 will be 13% more than last year.
Germany Europe's top performing market
Friday 31 Dec 2010
Those European markets that were open today had a predictably quiet time of it, with shares drifting lower in thin trade.
House prices to decline gently in 2011
Friday 31 Dec 2010
There was belated Christmas cheer for homeowners worried about ‘negative equity’ on their properties, as UK house prices rose for the first time since May, according to the Nationwide building society. The building society’s latest house price survey indicates that the average price of a property rose 0.4% in December to £162,763, after sliding 0.3% in November.
FSA fines more than double in 2010
Sunday 26 Dec 2010
Financial regulator the FSA handed out a record £89m in fines this year, more than double the previous year’s £35m, as it cracked down on lax regulation and procedures.
Berkeley Resources and Severstal talks stall
Sunday 26 Dec 2010
Uranium miner Berkeley Resources has confirmed that the bid exclusivity granted to Russian giant Severstal expired on 29 December after the two parties could not agree a price for a takeover. Severstal's right to subscribe for shares in Berkeley remains in force until 14 January but is only exercisable if it announces an intention to make a takeover bid on or before that date.
AIM outperforms for a second year
Friday 24 Dec 2010
It has been another good year for AIM, with the junior market outperforming the Main Market for a second year.
Bond age may be drawing to a close
Friday 24 Dec 2010
The yield on 10-year US treasury bonds has soared above the psychologically significant three per cent level, sparking concerns that government bonds as an investment may have had their day.
Resource stocks dominate the list of winners
Friday 24 Dec 2010
In the unlikely event that a family member will buy you a TARDIS or some other time travelling device for Christmas, here is an overview of stocks that you should have bought at the end of 2009.
Public sector squeeze hits service sector
Thursday 23 Dec 2010
Activity in Britain’s biggest sector, services, fell for the first time since July in October, new figures from the Office of National Statistics (ONS) showed.
You are here: news > editors picks
10 Lower Thames St,
London EC3R 6EN