Editor's Picks
Domino's to deliver savings
Wednesday 26 May 2010
Pizza delivery group Domino’s came into its own during the economic crisis as consumers dealt with tough economic conditions by treating themselves at home rather than going out for expensive meals.
US mulls BP contract ban as costs mount
Wednesday 26 May 2010
BP is in deep water with the US Environmental Protection Agency (EPA) over the Gulf of Mexico oil spill just as Lloyd’s of London put the insurance cost as high as $600m.
EU proposes bank tax
Wednesday 26 May 2010
The European Commission is proposing a levy on banks in an effort to prevent future financial crises. Under the proposals, banks and investment firms would have to pay up-front taxes to cover the costs of future meltdowns. "The funds would not be used for bailing out or rescuing banks," said a European Commission statement
EU proposes bank tax
Wednesday 26 May 2010
The European Commission is proposing a levy on banks in an effort to prevent future financial crises.
Mortgage lending slows to nine-year low
Wednesday 26 May 2010
Mortgage lending for house purchases edged up at its slowest rate for nine years in April from March, new figures show.
BT faces strike vote
Wednesday 26 May 2010
BT is making contingency plans to deal with possible strike action after union leaders rejected a new pay deal for staff employed at the telecoms giant.
C&W Worldwide meets guidance
Wednesday 26 May 2010
Cable&Wireless Worldwide, the largely UK focused part of the old Cable & Wireless split off in March, posted earnings in line with forecasts and says market conditions are improving.
BP in fresh attempt to fix Gulf spill
Wednesday 26 May 2010
Troubled oil giant BP is carrying out a series of diagnostic tests to determine whether its preferred “top kill” procedure will stop its broken well spewing oil into the Gulf of Mexico.
Burberry FY profit bounces 23%
Wednesday 26 May 2010
Luxury retailer Burberry revealed a 23% increase in full year adjusted pre-tax profit as it opened more shops and saw strong growth in raincoats and shoes. Adjusted pre-tax profit rose to £214.8m for the year ended 31 March 2010 from £174.6m the same time a year earlier, including an exchange rate benefit of £16.2m. Sales were up 7% to £1.3bn.
Uncertain times ahead for Education Development
Tuesday 25 May 2010
Proposals announced by the Treasury yesterday to reinvest money saved elsewhere on apprenticeships must have come as a great relief to Education Development International (EDI).
UK economy grew 0.3% during first quarter
Tuesday 25 May 2010
The British economy grew slightly more than previously thought in the first three months of 2010.
Spain and Korea cause stock market slump
Tuesday 25 May 2010
Growing fears about a possible bailout of Spain and growing military tensions between North and South Korea have sent global stock markets crashing. London’s FTSE 100 ended Tuesday’s session down 128 points, or 2.5%, led lower by banks and miners, while European bourses remained a sea of red through the day. It was the same story when Wall Street opened, the Dow Jones plunging below 9,800
BP says multiple failures caused Deepwater explosion
Tuesday 25 May 2010
The Deepwater Horizon rig explosion that killed 11 people and started the huge Gulf of Mexico oil leak was brought about by the failure of a number of processes, systems and equipment, BP indicated today.
M&S profit up 5%, cautious outlook
Tuesday 25 May 2010
Tuesday’s preliminary results from Marks & Spencer (M&S) came in with a slightly better than expected profit but the retail giant said it remains cautious about the outlook for the year ahead. Profit before tax and property disposals came to £632.5m in the 52 weeks ended 3 April, an improvement on last year’s £604.4m.
Osborne outlines £6.25bn cuts
Monday 24 May 2010
The new coalition government will make cuts of £6.25bn to tackle Britain’s £156bn debt with £500m “recycled” to improve Britain’s “growth potential.” The chancellor George Osborne said there will be over £1bn savings in discretionary spending, nearly £2bn from IT programmes, suppliers and property and over £700m from civil service recruitment and quangos. Child Trust Fund will be stopped.
Osborne to detail £6bn of spending cuts
Monday 24 May 2010
Chancellor George Osborne will today announce how he plans to achieve £6bn of savings, although it’s widely expected that Vince Cable’s Business Department will feature heavily.
Cranswick serves up tasty profits
Monday 24 May 2010
Pork products supplier Cranswick delivered a 26% surge in annual pre-tax profit and said it is encouraged by the positive start made in the current financial year.
BP oil disaster cost hits $760m
Monday 24 May 2010
The oil disaster in the Gulf of Mexico has cost under-fire oil giant BP about $760m (£525m) up to now and it still hasn’t estimated a final cost, although experts think it could be billions.
BA strike begins as peace talks fail
Monday 24 May 2010
Cabin crew working for loss-making airline British Airways started the first of three planned five-day strikes today after peace talks broke down at the weekend. Travellers face massive disruption despite BA’s attempt to fly as many planes as possible, although it had looked like industrial action could be avoided following a last-minute overture from the Unite union
Talks to avert BA strike abandoned after protests
Sunday 23 May 2010
Talks between British Airways cabin crew union Unite and the airline to avert new strike action and massive disruption to travellers were abandoned on Saturday after demonstrators stormed the building where the meeting was being held. Police were called after members of the left wing Socialist Workers Party got into the building were
You are here: news > editors picks
10 Lower Thames St,
London EC3R 6EN