Editor's Picks
PZ Cussons trading in line as Asia shines
Thursday 09 Dec 2010
Soap group PZ Cussons says trading in the first half of its financial year has been in line with expectations with strong momentum in Asia helping to offset weakness in Europe.
HMV halves divi as losses swell
Thursday 09 Dec 2010
As expected, “extremely difficult” market conditions and a bigger than expected first half loss have forced CD and DVD retailer HMV to slash the interim dividend.
House prices post annual decline
Thursday 09 Dec 2010
House prices fell just 0.1% in November, though that was enough to push the annual performance into negative territory for the first time in a year. An average home now costs £164,708, according to the Halifax, which also reported a drop of 2.1% in the last 3 months compared with the 3 months before. An annual decline of 0.7% continued the recent downward trend from a high of 6.9% in May
Shop price inflation slows
Wednesday 08 Dec 2010
Shop price inflation fell for the first time in five months in November as nervous retailers slashed prices to make sure shoppers splash out in the run-up to Christmas, figures from the British Retail Council (BRC) and the research group Nielsen show.
Bund yields rise on eurozone concerns
Wednesday 08 Dec 2010
German bund yields were higher Wednesday on the back of uncertainties about the eurozone economy. At one point today, German 10-year bund yields rose above 3% for the first time since May and peaked at 3.04%. Dominique Strauss-Kahn, the head of the IMF, believes that the EU has to provide a comprehensive solution to the financial crisis rather than tackling problems on a country by country basis.
Worker on smoke break missed BP explosion signs
Tuesday 07 Dec 2010
Indications that BP’s Deepwater Horizon drill rig in the Gulf of Mexico was in trouble were missed by a technician because he took a 10-minute smoking break.
Snow and economic worries hold back retail sales
Tuesday 07 Dec 2010
A combination of bad weather and economic nervousness could hit retail sales hard this Christmas, a survey by the British Retail Consortium (BRC) suggests.
Global IPOs to top $300bn in 2010
Tuesday 07 Dec 2010
Global IPO fundraisings are likely to top $300bn this year according to accountant Ernst & Young and it predicts a surge of IPO activity from mid-2011 and into 2012. “The reality is there has been a shortage of exit routes and opportunities to raise cash to fund growth over the past three years, resulting in a strong flow of companies looking to float”
Simon ready to drop Capital Shopping offer
Tuesday 07 Dec 2010
Simon Property has threatened to drop its offer for Capital Shopping Centres unless the board of the shopping centre group allows it to carry out 'limited due diligence'.
Kesa makes top of the range profit
Tuesday 07 Dec 2010
Kesa Electricals, one of Britain’s largest consumer electronics retailers, raised interim underlying profit by more than half thanks mostly to growth at its French business.
Desire flattened by new Falklands failure
Monday 06 Dec 2010
The drilling programme of North Falklands oil explorer Desire Petroleum continues to frustrate, as the company has plugged and abandoned the 14/15-2 Rachel North well.
Government unveils tax avoidance measures
Monday 06 Dec 2010
The Treasury has announced a series of measures to tackle company tax avoidance which it says should raise £2bn in the course of this parliament.
Spencer's firm sells more ICAP shares
Monday 06 Dec 2010
A company majoirty owned by ICAP boss Michael Spencer is selling 6m shares in the inter-dealer broker in order to reduce its debt.
Desire flattened by new Falklands failure
Monday 06 Dec 2010
The drilling programme of North Falklands oil explorer Desire Petroleum continues to frustrate, as the company has plugged and abandoned the 14/15-2 Rachel North well.
Oberthur offers 905p a share for De La Rue
Monday 06 Dec 2010
Shares in De La Rue enjoyed a second wind Monday afternoon after the company that bid for the banknote printer announced it had offered over 905p a share. Shares in De La Rue jumped this morning after it said it had rejected an offer from an unnamed bidder. They then climbed higher after France’s Oberthur, which prints euros and other currencies, said it had bid 905p a share for De La Rue.
Bernanke hints at more bond purchases
Monday 06 Dec 2010
US authorities could expand the latest bond buy-back programme beyond $600bn if the economy remains sluggish, Federal Reserve chairman Ben Bernanke has indicated. The Fed will regularly review the policy and could adjust the amount of buying up or down depending on the economy's path, he said in an interview on CBS’ "60 Minutes".
EU bail-out out fund needs to be bigger says IMF
Monday 06 Dec 2010
Europe needs to increase the size of its bail-out fund to stabilise the debt crisis in the eurozone, the IMF warned today.
HSBC sued for $9bn over Madoff fraud
Monday 06 Dec 2010
A court-appointed trustee trying to recover funds for people who were defrauded by the financier Bernard Madoff is suing HSBC for $9bn (£5.7bn).
Car sales fall 11.5% in November
Monday 06 Dec 2010
Car sales fell sharply in November but the body issuing the data said the decline was less than expected due to higher fleet sales.
easyJet November passengers rise to 3.69m
Monday 06 Dec 2010
Budget airline easyJet said it carried 3.69m passengers in November, up 10.2% from the same month in 2009.
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