Editor's Picks
Britain to contribute £7bn to Ireland bail-out
Friday 19 Nov 2010
The British taxpayer is set to stump up £7bn of the £77bn bail-out of Ireland.
Demand continues to recover at Avis
Thursday 18 Nov 2010
Car hire firm Avis said current trading has continued to improve and expectations for the remainder of the year are unchanged.
Spending cuts bite Capita a bit more than expected
Thursday 18 Nov 2010
Business process outsourcing colossus Capita said revenue growth in the second half of 2010 has been subdued, but the bid pipeline is at a record level.
Reed trends continue into second half
Thursday 18 Nov 2010
Anglo Dutch publishing giant Reed Elsevier is trading much the same as it did in the first half, with subscription revenues constrained, and advertising, promotion and other cyclical markets continuing to stabilise.
Monday newspaper round-up: Ireland to get €85-90bn bail-out
Thursday 18 Nov 2010
The debt crisis gripping the eurozone claimed its second victim in six months on Sunday night when European finance ministers agreed to a request from Ireland for a multibillion-euro emergency rescue, the FT reports. The bail-out is expected to total €80bn-€90bn and will include contributions from the UK and Sweden.
Severn Trent profits fall despite revenue hike
Wednesday 17 Nov 2010
Water Group Severn Trent posted a fall in profits in the six months to 30 September despite higher revenues, after facing a number of charges.
Experian improves across the board
Wednesday 17 Nov 2010
Credit checking firm Experian saw improving trends across all regions in the first half of its financial year. Revenue from continuing activities in the six months to 30 September was up 8% at constant exchange rates, while organic revenue growth was 7%. Total group revenue improved to $2bn from $1.9bn the year before.
Greencore and Northern Foods to merge
Wednesday 17 Nov 2010
Irish ready made meals supplier Greencore and Goodfellas pizza and Fox’s biscuits group Northern Foods have agreed a 50:50 merger that will save £40m a year.
Experian improves across the board
Wednesday 17 Nov 2010
Credit checking firm Experian saw improving trends across all regions in the first half of its financial year.
EU talks underway over Ireland
Wednesday 17 Nov 2010
High level talks are underway between the Irish government, European Commission, European Central Bank and IMF to find a solution to Ireland’s financial problems. A team consisting of members of the various organisations is on its way to Dublin to thrash out what to do next. Reports this morning suggested UK chancellor George Osborne will agree to support a bail-out agreement.
Fab Four finally on iTunes
Tuesday 16 Nov 2010
It has been, to quote Sir Paul McCartney, a long and winding road but music by The Beatles is finally available in digital form from Apple’s iTunes online music store.
Premier Foods gets offers for canning ops
Tuesday 16 Nov 2010
Premier Foods, the Hovis bread, Bisto gravy and Branston pickle group, has received approaches for its East Anglian canning operations, which could lead to a sale of the unit.
Facebook ramps up competition with Google
Tuesday 16 Nov 2010
Facebook has revealed a new messaging service that will compete with Google and other email providers to offer a more comprehensive communicative tool.
EU talks underway over Ireland
Tuesday 16 Nov 2010
High level talks are underway between the Irish government, European Commission, European Central Bank and IMF to find a solution to Ireland’s financial problems. A team consisting of members of the various organisations is on its way to Dublin to thrash out what to do next. Reports this morning suggested UK chancellor George Osborne will agree to take part in any bail-out agreement.
Anthony Bolton retains his touch
Tuesday 16 Nov 2010
Fidelity China Special Situtations, the investment company with a portfolio run by superstar fund manager Anthony Bolton, has got off to an encouraging start since being launched back in April.
Crozier cautious despite ITV ad upturn
Tuesday 16 Nov 2010
The turnaround in ITV’s advertising revenues announced today has been impressive, but few sectors are as vulnerable to economic certainty as advertising, so it is no surprise that the broadcaster remains cautious.
Sportingbet merger talks ended
Tuesday 16 Nov 2010
Swedish online gaming group Unibet has pulled out of talks with UK counterpart Sportingbet.
easyJet annual profits surge
Monday 15 Nov 2010
No-frills airline easyJet said full year profit surged nearly threefold on rising consumer demand and cheaper fuel.
TalkTalk reiterates FY guidance
Monday 15 Nov 2010
Internet services group TalkTalk reported a 12.4% increase in half year revenue as it reiterated its full year guidance of 6-8% revenue growth.
Inflation may rise further, King says
Monday 15 Nov 2010
The annual UK inflation rate unexpectedly rose to a four-month high in October, prompting Bank of England governor Mervyn King to pen another letter to the chancellor of the exchequer, explaining why inflation remains stubbornly well above the target rate of 2%. The October Consumer Prices Index showed a 3.2% year on year gain, up from 3.1% in September.
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