Editor's Picks
BSkyB-Newscorp tie-up could show the way for media
Friday 18 Jun 2010
The most obvious reason for Rupert Murdoch’s media giant NewsCorp to buy all of satellite broadcaster BSkyB is its profitability.
BP gives up rally after downgrade
Friday 18 Jun 2010
BP gave up its rally Friday after a third credit rating agency downgraded its view of the stock.
Public finances improve in May
Friday 18 Jun 2010
Britain’s Public Sector Net Borrowing Requirement (PSBNR) was lower than expected in May, in a sign that the country’s public finances are slowly returning to normality.
Tax rises to dominate emergency Budget
Friday 18 Jun 2010
The coalition government’s eagerly awaited emergency budget will be revealed on Tuesday. Chancellor George Osborne has been talking tough since taking office, but now he will have to play his hand and analysts will speculate whether the decisions he makes can provide the economy with stability and move Britain provide.
BT faces walkout as strike ballot begins
Friday 18 Jun 2010
The row over pay at telecoms giant BT intensified today as the union balloted staff over strike action.
Russians wade into BP mess
Friday 18 Jun 2010
BP has upset the Americans for obvious reasons, but it’s now attracted the attention of the Russians who fear the “annihilation” of the oil giant.
EU to publish banks' stress test results
Friday 18 Jun 2010
European governments agreed on Thursday to publish the results of stress tests on the region’s 25 most systemically important banks in July to shore up investor confidence.
Politicians attack BP's Hayward on Capitol Hill
Thursday 17 Jun 2010
US politicians attacked BP chief Tony Hayward on Thursday, accusing the oil man of ignoring the risks his company was taking drilling a mile down in the Gulf of Mexico. There was "not a single e-mail or document that you paid even the slightest attention to the dangers at this well," Henry Waxman, joint chairman of the House committee on energy and commerce, told a subdued Hayward.
Uncertain times for Game
Thursday 17 Jun 2010
Sales of computer games and consoles are notoriously inconstant so it is no surprise that Game Group has difficult periods.
Network Rail chief Coucher announces departure
Thursday 17 Jun 2010
The chief executive of Network Rail Iain Coucher is heading for the exit after eight years at the company, which owns and operates the UK's rail network.
Shopkeepers score with World Cup sales
Thursday 17 Jun 2010
Retail sales rose far more than expected last month as consumers spent May feathering their nests with new TVs and food in time for the World Cup.
New boss for Game Group
Thursday 17 Jun 2010
Computer gaming retailer Game Group has announced a former Vodafone man as its new chief executive officer, though he will inherit control of a company facing declining sales.
Osborne puts BoE in charge of regulation
Thursday 17 Jun 2010
Further details of the planned shake-up of banking regulation will be unveiled Thursday after Chancellor George Osborne promised a "new settlement between our banks and the rest of society" last night.
BP rallies as Hayward says sorry
Thursday 17 Jun 2010
Tony Hayward, BP’s chief executive, will say he is deeply sorry for the Gulf of Mexico catastrophe when he faces hostile US politicians in an appearance before Congress this afternoon. A House of Representatives committee will question Hayward over the circumstances leading up to the explosion on the Deepwater Horizon rig and the subsequent, heavily criticised, attempts to stem the leak.
BP to put $20bn in escrow for spill claims
Wednesday 16 Jun 2010
BP has reportedly agreed to a demand from US president to put about $20bn in an escrow account to cover claims resulting from the oil spill in the Gulf of Mexico. The news came as BP executives met with the US government to discuss how to clean up the oil, which is thought to be leaking at a rate of about 60,000 barrels a day.
BP to put £20bn in escrow for spill claims
Wednesday 16 Jun 2010
BP has reportedly agreed to a demand from US president Barack Obama to put about $20bn in an escrow account to cover claims resulting from the oil spill in the Gulf of Mexico.
Osborne announces regulatory shake-up
Wednesday 16 Jun 2010
Chancellor George Osborne today announced that the Bank of England will be handed new powers to help it manage risks to the UK economy. Labour’s tripartite structure of financial regulation has “failed spectacularly”, Osborne told parliament today. “The British people rightly ask how this coalition government will learn from these mistakes.”
Claimant count falls more than expected
Wednesday 16 Jun 2010
The number of people claiming unemployment benefit fell more than expected in May, but the wider unemployment rate continued to rise.
Mouchel hit by public sector squeeze
Wednesday 16 Jun 2010
The environment for government and public sector contracts has worsened markedly under the new coalition government, consultant and civil engineer contractor Mouchel warned, with its order pipeline falling since March.
Sainsbury’s blows it own Vuvuzela
Wednesday 16 Jun 2010
Sainsbury’s has outdone arch rival Tesco in the growth stakes with a 4.6% increase in like for like sales during the first quarter and is apparently doing a roaring trade in Vuvuzela horns.
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