Editor's Picks
School summer holiday premiums hit 85%
Sunday 04 Jul 2010
Parents are facing school summer holiday premiums of up to 85% in some resorts, a new survey by Santander Cards shows. The worst hikes can be found on package holidays to Portugal, where prices shoot up by 85% on average from mid-July to mid-August when all schools are on holiday. On average, foreign holiday packages are 38% more expensive in the middle of August.
Google buys travel info provider
Friday 02 Jul 2010
Search engine colossus Google has acquired flight information provider ITA for $700m, the fourth largest cash acquisition in its corporate history.
Travis Perkins resumes dividends as trading rallies
Friday 02 Jul 2010
Builders' merchant Travis Perkins has seen a strong rebound in trading since March. The Wickes owner now expects the first half to beat expectations while dividends will resume again with a 5p interim.
Chloride recommends Emerson offer
Friday 02 Jul 2010
The battle for ownership of Chloride looks set to come to an end after the electrical plugs and peripherals maker recommended a 375 pence per share bid by US giant Emerson.
Miners welcome revised Aussie resource tax
Friday 02 Jul 2010
London-listed mining heavyweights BHP Billiton, Rio Tinto and Xstrata are “encouraged” by the Australian government’s decision to replace the controversial Resources ‘Super Tax’ with a more moderate alternative. In a joint statement, the trio welcomed a new Mineral Resource Rent Tax (MRRT) that would only apply to iron ore and coal resources from 1 July 2012.
Dana reveals Korean bid talks
Thursday 01 Jul 2010
Dana Petroleum is in talks with a potential bidder, rumoured to be South Korean national oil company KNOC. Shares in Dana fell back over the past week after it declared that the Monkwell gas discovery in the UK North Sea was too small to be economic. Dana announced two small discoveries in Egypt on the same day.
Tate & Lyle starts sugars business sell-off
Thursday 01 Jul 2010
Tate & Lyle has sold the largest part of its sugars division to American Sugar Refining of the US for £211m - a deal that will see it lose some of its well known brands.
Greene King profits up, new year starts well
Thursday 01 Jul 2010
Brewer Greene King saw profits rise for the year and said current year’s trading is ahead of expectations.
Debenhams sales down 0.4%
Thursday 01 Jul 2010
Department store Debenhams said like-for-like sales decreased by 0.4% over the 42 weeks and added that it remains cautious about consumer confidence.
Barclays agrees Japanese joint venture
Thursday 01 Jul 2010
Barclays has signed a joint venture agreement with Sumitomo Mitsui Banking Corporation (SMBC) and Nikko Cordial Securities, a wholly-owned subsidiary of SMBC, to provide wealth management services to high net worth individuals in Japan. The joint venture is co-headed by Yukihide Sakai (seconded by Barclays), Hisatsugu Yoshida (seconded by SMBC) and Kiyokazu Watanabe (from Nikko).
Scott Wilson accepts 290p bid from URS
Thursday 01 Jul 2010
Scott Wilson has recommended an increased cash offer of 290p a share from URS Corporation just a few hours after the US outfit was rebuked by the Takeover Panel for only indicating it may increase its bid.
Northgate turns a corner
Thursday 01 Jul 2010
Light commercial vehicle hire firm Northgate looks to have turned a corner after it delivered full year pre-tax profits on Wednesday that were ahead of expectations.
UK house prices growth slows
Wednesday 30 Jun 2010
House prices edged up by just 0.1% month-on-month in June, the Nationwide building society said on Wednesday.
Northgate turns a corner
Wednesday 30 Jun 2010
Light commercial vehicle hire firm Northgate looks to have turned a corner after it delivered full year pre-tax profits on Wednesday that were ahead of expectations.
BoE colleagues hit out at Sentance rate hike demand
Wednesday 30 Jun 2010
Bank of England policymakers are rounding on colleague Andrew Sentance, who this month voted in favour of higher interest rates, claiming any increase risks “stifling the nascent recovery”.
Budget 'could cost 1.3m jobs'
Wednesday 30 Jun 2010
Chancellor George Osborne's emergency budget could result in the loss of up to 1.3 million jobs across the economy over the next five years, a newspaper report claims.
Astra cheers Crestor patent victory
Wednesday 30 Jun 2010
Shares in AstraZeneca jumped nearly 10% after the Anglo-Swedish drugs giant received a favourable US ruling in its battle to keep control of the patents to its best-selling cholesterol-lowering drug Crestor. The ruling means that cheaper, generic versions of Astra’s blockbuster drug can not enter the US market until 2016.
Hunting positive but sees impact from oil spill
Wednesday 30 Jun 2010
Oil services specialist Hunting said trading in the first half has been ‘very positive’ despite the BP oil spill and sluggish natural gas prices, though the group admitted that there will be some impact from the Gulf of Mexico disaster in the second half.
HMV holds divi, bemoans World Cup impact
Wednesday 30 Jun 2010
Entertainment media retailer HMV announced results that were in line with market expectations, while sales burst through the £2bn level to hit a record level.
Standard Chartered takes stake in Chinese bank
Wednesday 30 Jun 2010
Asia-focused bank Standard Chartered is to be the cornerstone investor in the Agricultural Bank of China. The bank is buying $500m of the H shares being floated by Agricultural Bank of China, one of the top four commercial banks in China. The funds will come from Standard Chartered’s internal resources.
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