Editor's Picks
New iPad set to be unveiled
Wednesday 02 Mar 2011
Unless consumer electronics gadget maker Apple is being particularly playful and winding up its adoring acolytes in the media, the company is set to unveil a new version of its hugely successfully tablet computer, the iPad, at a media event in San Francisco on Tuesday, 2 March.
Gold hits new high as turmoil continues
Wednesday 02 Mar 2011
Gold prices hit a new high on Wednesday as the fighting persisted in Libya – and traders worried that other oil-producing Arab countries could be affected.
Whitbread splashes £60m on Coffee Nation
Wednesday 02 Mar 2011
Revenue growth at hotel, coffee shops and pubs group Whitbread slowed sharply in the past four months, though it still made steady headway.
ITV profits triple
Wednesday 02 Mar 2011
ITV has promised an interim dividend after cost cutting and an upturn in the advertising market allowed the terrestrial broadcaster to ramp up profits by almost 200% in 2010. Profit before tax and one-off items leapt to a bigger than expected £321m from £108m in 2009 on revenue up 10% to £2.06bn. Net debt fell to £188m from £612m a year earlier.
King to get tough with banks
Tuesday 01 Mar 2011
Bank chiefs will face more rigorous oversight when the Bank of England takes over supervision of banks following the demise of the Financial Standards Authority (FSA) next year, the Bank’s governor Mervyn King said.
Provident raises expectations too high
Tuesday 01 Mar 2011
Doorstep lender Provident Financial saw underlying profit grow faster than the rise in receivables as it chose its customers carefully and kept a tight rein on costs.
ECJ ruling to push up women car insurance rates
Tuesday 01 Mar 2011
Insurance companies will no longer be able to offer women better rates for car insurance following a ruling by the European Court of Justice.
Supermarkets profiteering from rising food prices
Tuesday 01 Mar 2011
Expanding food margins have outpaced the rising cost of food, leading to claims of profiteering at the UK’s biggest supermarkets. Food prices in the UK have risen more sharply than any other member economy of the OECD and have “significantly outstripped food retailers' cost inflation,” according to UBS. They're rising at an annual rate of 4.9% compared with 3.6% in Germany and 1.4% in France
Persimmon rebuilds profits
Tuesday 01 Mar 2011
Housebuilder Persimmon proved today it’s as a good as its word, reporting underlying profits in line with January’s prediction, and sales have been “encouraging” since the beginning of the year.
Barclays goes to work on Egg
Tuesday 01 Mar 2011
Banking giant Barclays is to buy the UK credit card assets of Egg, the online bank owned by Citigroup.
Trends improving at Moneysupermarket.com
Tuesday 01 Mar 2011
Despite competition from firms using talking meerkats and comedy opera singers to advertise their products, Moneysupermarket.com saw improving trends in 2010 in all four of its main divisions.
Fresnillo profits double to $1bn
Tuesday 01 Mar 2011
Record gold and silver production coupled with soaring metal prices more than doubled Mexican miner Fresnillo’s profits last year to over $1bn. “Record levels of silver and gold production, the start-up of a new mine, and substantial progress at development and exploration sites attest to the group's operational execution and robust resource base,” it said.
Higher cotton price a worry for Primark
Monday 28 Feb 2011
Warnings about the impact of higher commodity prices on company profitability are pretty much a daily occurrence now.
Hiscox weathering the storms
Monday 28 Feb 2011
Bermuda-based specialist insurer Hiscox paid out £165m in claims relating to catastrophes last year, but signalled its confidence in the future with a 10% hike in the dividend.
Australia picks up the slack for Keller
Monday 28 Feb 2011
Depressed construction markets in the US and much of western Europe slowed growth at ground engineering specialist Keller last year, but revenue still beat market expectations.
Asia Pacific drives Hays growth
Monday 28 Feb 2011
International recruitment firm Hays shrugged off a workaday performance back in Blighty to post a sharp increase in interim profits.
Tesco sets up China property venture
Monday 28 Feb 2011
Tesco has signed an agreement to set up a joint venture to develop shopping malls in China. Half of the joint venture will be owned by a consortium of leading Asian investors including Singapore's Metro Holdings.
HSBC scales back profit targets
Monday 28 Feb 2011
HSBC more than doubled its profits to over $19bn last year as bad debts tumbled, but the global banking giant has toned down its return on equity target after analysing the likely effects of new banking regulations. The UK’s largest bank posted a pre-tax profit of $19.04bn, an increase of $12bn, or 169%, on 2009's $7.1bn.
Viscount Rothermere raises £5m
Friday 25 Feb 2011
A round-up of the biggest director deals today so far.
Rank boosted by casino arm
Friday 25 Feb 2011
A strong performance from its Grosvenor Casino business helped bingo hall and casino operator Rank hit the top end of forecasts last year, though business has been more mixed in 2011.
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