Editor's Picks
CBI opposed to break up of banks
Friday 04 Feb 2011
The desire to break up UK banks considered “too big to fail” should be resisted, John Cridland, the new head of the pressure group the Confederation of British Industry (CBI), said on Friday. Cridland said: “Businesses value integrated services provided by large universal banks, so breaking up existing banks is not the way forward.”
Eaga confirms approach, shares jump
Thursday 03 Feb 2011
Shares in Eaga jumped after the energy efficiency firm said it had received an offer from an unnamed company.
Jobs go despite service sector recovery
Thursday 03 Feb 2011
The UK’s services sector bid good riddance to the snows of December and saw a strong rebound in activity in January.
World food prices hit new record
Thursday 03 Feb 2011
The surge in wolrd food prices – one of the reasons for the discontent that led to unrest in Tunisia and Egypt – continued in January with the Food and Agriculture Organisation (FAO) index of food prices rising to a new record last month.
GlaxoSmithKline revenues slip
Thursday 03 Feb 2011
Drug group GlaxoSmithKline saw revenues fall in 2010 as it felt the pinch of generic competition and the end of a boost from sales of pandemic-related products.
Pub ruling blow for Sky and ESPN
Thursday 03 Feb 2011
Pay TV firm British Sky Broadcasting (Sky) may have its stranglehold on Premiership football matches shown in pubs loosened following a judgement by a European Union (EU) legal adviser. Territorial exclusivity agreements relating to the transmission of football matches are contrary to European Union law, an EU legal eaglee opined.
Broadband subscribers boost BT
Thursday 03 Feb 2011
Strong growth in broadband subscribers and a pick-up by its global services operation helped telecoms titan BT lift profits by almost a third over the past three months.
Shell profits swell in final quarter
Thursday 03 Feb 2011
Royal Dutch Shell more than quadrupled fourth quarter profits thanks to higher energy prices, an increase in production and cost-cutting.
Vodafone predicts top end profits
Thursday 03 Feb 2011
Mobile phone titan Vodafone thinks full-year profit will be at the top end of the range following a third quarter that went pretty much as expected, driven by strong growth in India and parts of Europe. The company, which yesterday announced the departure of chairman Sir John Bond, reckons adjusted operating profit will be towards the upper end of the £11.8bn to £12.2bn range given in November.
JJB a dilemma for JD Sports
Wednesday 02 Feb 2011
On the face of it, a tie-up between JD Sports Fashion and JJB Sports makes sense. How better for JD Sports to steal a march on its rival Sports Direct than with the acquisition of its other, troubled rival?
North Africa turmoil could cost TUI £30m
Wednesday 02 Feb 2011
The turmoil in Egypt and Tunisia threatens to reverse an improving trend at holiday group TUI Travel.
BP accused of rigging gas prices
Wednesday 02 Feb 2011
It doesn’t just rain at BP these days, it pours, and on top of a row with Russian partners that’s delayed its venture with Rosneft, it stands accused of manipulating the US gas market. The US Federal Energy Regulatory Commission (FERC) and the US Commodity Futures Trading Commission (CFTC) are investigating “several BP entities” as part of a probe into trading in the next-day natural gas market.
Emerging markets keep Imperial Tobacco on track
Wednesday 02 Feb 2011
Imperial Tobacco puffed away as expected during its first quarter as a growing number of smokers in Africa, the Middle East and Asia offset declines in many developed countries.
Bond to step down as Vodafone chairman
Wednesday 02 Feb 2011
Sir John Bond is to relinquish the chairman role of mobile phone network giant Vodafone at the company’s annual general meeting in July.
ICAP on course
Wednesday 02 Feb 2011
More volatility in financial markets helped derivatives broker ICAP in the run-up to Christmas, with revenues over the three months to December up by 9%, in line with its first half. In the quarter ended 31 December 2010, group revenue from continuing operations grew by 9% compared with the same period the previous year.
Pfizer to close Kent facility
Tuesday 01 Feb 2011
US drug group Pfizer is to close a research and development facility in Kent that employs 2,400 staff.
Centamin Egypt reassures over unrest
Tuesday 01 Feb 2011
Shares in Egypt-based miner Centamin rallied as it issued a reassuring statement over the impact of the curent unrest in the country.
Divi restored but BP's earnings disappoint
Tuesday 01 Feb 2011
As expected, BP has resumed dividend payments with a pay-out of 7 cents but fourth quarter earnings failed to meet market expectations.
Encouraging performance at Tate and Lyle
Tuesday 01 Feb 2011
Tate and Lyle, the food ingredients firm, remains on track to meet its full-year targets after an encouraging third quarter performance.
Xstrata breaks records for coal
Tuesday 01 Feb 2011
Mining giant Xstrata produced more coking coal, semi-soft coking coal, mined nickel and refined nickel in 2010 than ever before, while copper, lead and ferrochrome were all up on the year before.
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