Editor's Picks
Recovery on the cards at Bank of America
Friday 16 Apr 2010
The USA’s largest lender, Bank of America returned to profit in the first quarter of 2010 with forecast beating earnings per share (EPS) of 28 cents. The market has been expecting EPS of 8 cents.
Positive outlook for private equity, AIC
Friday 16 Apr 2010
Private equity investment company managers believe that 2010 will be a good year for the sector, according to the Association of Investment Companies (AIC).
Travel stocks hit by flight ban
Friday 16 Apr 2010
Travel stocks took a dive today as a volcanic ash cloud moving over Europe from Iceland continues to disrupt air travel for a second day.
Google first quarter profits surge 37%
Friday 16 Apr 2010
Internet goliath Google saw first quarter net profits surge 37% and exceed Wall Street expectations as signs of a recovery in the advertising market emerged.
John Lewis cheered by sales rise
Friday 16 Apr 2010
There was little sign of consumer nervousness ahead of the general election at John Lewis last week, with sales at the department store in the week to April 10 climbing by 10% on a like-for-like basis.
OFT fines tobacco manufacturers, retailers £225m
Friday 16 Apr 2010
The Office of Fair Trading has fined two tobacco manufacturers and ten retailers £225m in total after a seven-year investigation into price fixing. The watchdog said it found that the firms engaged in unlawful practices in relation to retail prices for tobacco products in the UK. Each manufacturer had a series of individual arrangements with each retailer
Footsie at 22-month high
Thursday 15 Apr 2010
The afternoon saw many leading shares consolidate or extend the morning’s gains, solidifying the Footsie’s position above 5800. Banks led the advance after better than expected results from US investment bank JP Morgan yesterday. Barclays received a boost from Execution Noble, which raised its target price for the stock from 386p to 454p
BP set for AGM victory
Thursday 15 Apr 2010
BP today beat off challenges to its developments in Canada’s oil sands and executive salaries at its annual meeting, preliminary results indicate.
FSA names financial education boss
Thursday 15 Apr 2010
The Financial Services Authority has appointed Tony Hobman, the current head of the pensions watchdog, as the chief executive of the newly created Consumer Financial Education Body (CFEB).
Hightex has a clear vision
Thursday 15 Apr 2010
For companies that don’t operate in predictable areas, ‘revenue visibility’ is a big issue.
US jobless claims up unexpectedly
Thursday 15 Apr 2010
The number of Americans filing for unemployment insurance rose, despite expectations of a fall.
BP to face protests at annual meeting
Thursday 15 Apr 2010
BP is expected to face environmental protests over its developments in Canada’s oil sands and a possible backlash over executive salaries at its annual meeting later today.
Toyota to test safety of all SUVs
Thursday 15 Apr 2010
Troubled Japanese car maker Toyota has suspended worldwide sales of the Lexus GX 460 and said it was testing the safety of all its sport utility vehicles (SUVs) after a warning by a US consumer magazine.
Rio benefits from China demand
Thursday 15 Apr 2010
Miner Rio Tinto said in the first quarter most of its operation continued to run at capacity with Chinese demand growing strongly and recovery in the West but it was still cautious about short term volatility.
China's GDP surges to 11.9%
Thursday 15 Apr 2010
China's economy accelerated more than expected in the first quarter with the rate of expansion the highest in three years, raising fears the country's economy may be overheating. Gross domestic product rose to 11.9% from the year-ago period, up from 10.7% in the final quarter of 2009, slightly higher than expected.
Experian revenues rise, UK weak
Thursday 15 Apr 2010
Credit checking firm Experian saw revenues from continuing operations rise for the six months to March but revenues at its UK operations fell in the period.
Rio benefits from China demand
Thursday 15 Apr 2010
Miner Rio Tinto said in the first quarter most of its operation continued to run at capacity with Chinese demand growing strongly and recovery in the West but it was still cautious about short term volatility. Rio Tinto’s global iron ore production was up 39% on the first quarter of 2009. Pilbara iron ore production rose 48% on the same
Strong US sales delay international launch of iPad
Wednesday 14 Apr 2010
Consumer electronics giant Apple is delaying the international launch of its tablet computer, the iPad, until the end of May, having previously indicated it would be made available in some non-US countries before the end of April.
Good year for Landkom can sow seeds for growth
Wednesday 14 Apr 2010
News that its winter crops emerged more-or-less unscathed from the cold weather that ravaged much of the rest of Ukraine’s fields was well-received by investors in grain and oilseed grower Landkom.
JP Morgan earns $3.33bn in first quarter
Wednesday 14 Apr 2010
JPMorgan Chase earned $3.3bn in the first quarter as higher trading revenues offset losses on consumer loans.
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