Editor's Picks
CSC shareholders approve Trafford Centre deal
Wednesday 26 Jan 2011
Shareholders in shopping centres owner Capital Shopping Centres (CSC) have approved the controversial purchase of the Trafford Centre for £748m in shares and bonds,.
Barclays to cut 1,000 UK jobs
Wednesday 26 Jan 2011
Barclays is to cut about 1,000 jobs in Britain as it withdraws its financial planning advice service from branches.
Heritage shares slide despite big find
Wednesday 26 Jan 2011
Heritage Oil has uncovered the largest gas field to be discovered in Iraq for more than 30 years, but the news took the market by surprise as the field had been expected to contain oil rather than gas.
WH Smith profits on target
Wednesday 26 Jan 2011
Newsagent WH Smith’s high street stores were hit by tough trading conditions and the winter freeze, but profits met forecasts and gross margin is ahead of plan.
More oil in Brazil for BG
Wednesday 26 Jan 2011
BG Group has made a new discovery of light oil in Block BM-S-9 in the Santos Basin, offshore Brazil. The UK group has a 30% interest in Block BM-S-9, which is comprised of two appraisal areas - Guará and Carioca. Brazil's state oil company Petrobras owns 45% and is the operator with Repsol owning the other 25%.
Barclays gets fined again by regulator
Tuesday 25 Jan 2011
High street bank Barclays has been hit with a £1.12m fine by the Financial Services Authority, its second hefty penalty from the financial regulator in little over a week.
UK economy in shock contraction
Tuesday 25 Jan 2011
Britain’s economy shrank in the fourth quarter, surprising analysts who had only been expecting a slight slowdown from the solid growth seen the previous three months. Gross domestic product (GDP) contracted by 0.5% between October and December according to figures released by the Office for National Statistics (ONS), having grown by 0.7%in the previous three months.
FCAM battle intensifies as performance picks up
Tuesday 25 Jan 2011
The battle for control of fund manager F&C Asset Management grew more acrimonious with the current board again rejecting Sherborne's criticisms and returning fire with questions over the AIM-listed activist shareholder's recent performance.
Friends raids Lloyds for new chief
Tuesday 25 Jan 2011
Friends Provident, the trading business of life insurance consolidator Resolution, has appointed Andy Briggs as chief executive with current incumbent Trevor Matthews moving to a new post of vice chairman.
Babcock in confident mood
Tuesday 25 Jan 2011
The final quarter of 2010 saw more of the same for engineering support services group Babcock International, with trading in line with expectations. The order book remains stable at around £12bn, while, as expected, the pipeline of bids at pre-qualification questionnaire and invitation to tender stage has increased, and stands at £6bn, giving the board confidence for the future.
Cocoa prices soar after Ivory Coast ban
Monday 24 Jan 2011
Cocoa prices rose to their highest levels in more than 30 years after the recognised president of Ivory Coast, Alassane Ouattara, banned exports for a month.
World growth revised up, but remains subdued
Monday 24 Jan 2011
The global recovery is proceeding at an upwardly revised rate in 2011, but the world’s financial stability is still at risk and needs an “urgent and comprehensive response,” according to the IMF.
Last orders for Mitchells & Butlers chairman
Monday 24 Jan 2011
John Lovering is to step down as chairman of pubs group Mitchells and Butlers and quit the board later this year.
More companies running up the red flag
Monday 24 Jan 2011
The fourth quarter ‘Red Flag Alert’ report from business recovery specialist Begbies Traynor has shown the first year on year increase in the number of companies in distress since the second quarter of 2009.
Dumped Greencore mulls improved deal for Northern Foods
Monday 24 Jan 2011
Irish foods group Greencore may be prepared to improve its offer for biscuits and pizza group Northern Foods after the agreed merger between the two was scuppered by Indian firm Boparan's £342m offer late Friday. In a statement Greencore said a combination with Northern Foods still represents a compelling opportunity for value creation for both Greencore and Northern Foods shareholders.
Project Merlin progress stalls
Friday 21 Jan 2011
Talks between the UK's big banks and the government over the amount they will lend to small businesses have stalled, according to reports over the weekend.
Luxury goods brighten retail sector
Friday 21 Jan 2011
It was a tough Christmas for the retail sector due to the extreme weather and continuing economic worries in Britain, but the luxury goods sector has emerged as a clear winner in spite of these problems.
BA faces more strikes
Friday 21 Jan 2011
Staff at British Airways are expected to celebrate the airline’s last day of trading on the London Stock Exchange as BA by voting for further strike action.
Google appoints Page as chief
Friday 21 Jan 2011
Google yesterday scrapped it three-way management structure with co-founder Larry Page to become the search engine's new chief executive and Eric Schmidt moving up to executive chairman.
End of the road (runway) for BA
Friday 21 Jan 2011
British Airways has boasted a stock market listing for almost a quarter of a century, but there’ll be a different, rather dull, name peering out of the pink pages from Monday when the airline’s merger with Iberia becomes real. The carrier’s £5.7bn merger with Spain’s Iberia completed Friday, almost 24 years after it was privatised by Margaret Thatcher’s Conservative government.
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