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  • MG Rover report to slam Phoenix Four

    Friday 04 Sep 2009

    After four years and at a cost of £16m the inquiry into the collapse of MG Rover is expected to slam the four businessmen who bought the firm, but exonerate the government from any blame.

  • AB Foods expects 7% LFL growth at Primark

    Friday 04 Sep 2009

    Associated British Foods the foods group that also owns clothing store Primark, said it expects some improvement in adjusted earnings over the full year despite a much higher interest charge.

  • Comment: Gloves off at G20 knees-up

    Friday 04 Sep 2009

    France and Germany are best buddies. Yesterday’s pictures of a grinning French president Sarkozy and Cheshire cat Angela Merkel tell you so.

  • Rio Tinto halts China iron ore talks

    Thursday 03 Sep 2009

    Rio Tinto has called a halt to talks with Chinese customers about iron ore prices, as the authorities continue to detain the Anglo-Australian miners’ negotiators.

  • HSBC kicks off mortgage price war

    Thursday 03 Sep 2009

    HSBC has sparked a mortgage price war this week by launching a new deal with interest rates starting at just 1.99%, one of the lowest ever mortgages seen in Britain.

  • G20 leaders do battle over recovery plan

    Thursday 03 Sep 2009

    This weekend’s meeting of G20 finance ministers is set to be a lively affair as Britain and the US prepare to lock horns with Germany and France over spending to tackle the recession. Chancellor Alistair Darling says the UK and other G20 nations must keep pumping money into the financial system to ensure the recovery remains on a track

  • Private-label products boost McBride profits

    Thursday 03 Sep 2009

    McBride’s private-label products helped the personal care products supplier to post a rise in profits for the year.

  • Go-Ahead says results beat forecasts

    Thursday 03 Sep 2009

    Rail and bus group Go-Ahead said it was pleased to report results slightly ahead of its expectations in June despite profits more than halving.

  • HMV like-for-like sales down 1.8%

    Thursday 03 Sep 2009

    HMV reported a 1.8% drop in total like-for-like sales in the 18 week period since the end of April in what the entertainment media group called a tough consumer environment. The group also announced today that it is acquiring a 50% equity stake in digital media company 7digital for £7.7m in cash. Total sales rose by 4.4% in the period ended 29 August, thanks to strong sales growth in HMV & Ireland

  • Defence chiefs on the offensive

    Wednesday 02 Sep 2009

    In his farewell address to the nation in 1961, outgoing US President Dwight Eisenhower warned against the acquisition of unwarranted influence by what he described as ‘the military-industrial complex.’

  • September sell-off underway

    Wednesday 02 Sep 2009

    It’s been a miserable start to the month both outside and in trading rooms around the world, adding credence to talk of an imminent correction in global equity markets. The mood has been overwhelmingly bullish for almost six months, but traders are getting nervous. September is renowned as a real banana skin for stocks and London has ended lower in four of the last five sessions

  • Outlook improves at DSG

    Wednesday 02 Sep 2009

    Electronics retailer DSG International did a little better than expected during the first 16 weeks of its financial year, with like for like sales down just 6%.

  • BP jumps on 'giant' oil find

    Wednesday 02 Sep 2009

    Oil explorer BP jumped after it made a “giant” oil discovery at its Tiber Prospect in the deepwater Gulf of Mexico, which could hold more than 3bn barrels.

  • BP rises on 'giant' oil discovery

    Wednesday 02 Sep 2009

    BP shares perked up after the group said it made a “giant oil discovery” at its Tiber Prospect in the deepwater Gulf of Mexico.

  • RHJ sweetens bid for GM Europe

    Wednesday 02 Sep 2009

    Belgian investment group RHJ International has upped its offer for General Motors’ European arm in an attempt to get ahead of rival bidder Magna International.

  • Galliford Try gets Network Rail role

    Wednesday 02 Sep 2009

    Contractor Galliford Try has been confirmed as one of the contractors on Network Rail's £1bn five-year Enhancements Multi Asset Framework.

  • Cattles mulls jobs cull at Welcome Financial

    Wednesday 02 Sep 2009

    Sub-prime lender Cattles is thinking about axing 510 jobs at its Welcome Financial Services subsidiary, it emerged today.

  • Australia leaves developed world trailing

    Tuesday 01 Sep 2009

    Australia impressed economists amd left rival economies trailing with better than expected growth in the second quarter.

  • Motorists hit by 2p fuel duty rise

    Tuesday 01 Sep 2009

    Drivers packed petrol stations up and down the country over the Bank Holiday weekend in a rush to avoid the 2p increase in fuel duty planned that came into effect today.

  • DSG 'encouraged' but sales still falling

    Tuesday 01 Sep 2009

    Like for like sales fell 6% at consumer electronics retailer DSG International during the 16 weeks to 22 August, although a slightly smaller than feared drop in revenue was ‘encouraging’. Total group sales fell 6% in sterling terms, with UK computing down 17% and UK & Ireland electricals reporting a 13% slump in sales.

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