Editor's Picks
Rio Tinto close to talc unit sale
Wednesday 15 Dec 2010
Mining heavyweight Rio Tinto has nearly sold its talc business, Luzenac, to France's Imerys for up to €500m (£420m).
CBI downgrades 2011 growth forecast
Wednesday 15 Dec 2010
The Confederation of British Industry (CBI) has downgraded its forecast for UK economic growth during the first quarter of 2011 to 0.2% from a previous estimate of 0.3%. Public sector job cuts and inflation are seen slowing the recovery. The CBI expects higher than expected price rises to force the Bank of England to lift interest rates by as early as spring.
AstraZeneca suffers new Brilinta delay
Wednesday 15 Dec 2010
AstraZeneca has suffered another delay in getting US approval for its potential blockbuster blood-thinning drug Brilinta after the US Food and Drug Administration requested more information.
Capital Shopping rejects Simon approach
Wednesday 15 Dec 2010
Retail-focused property group Capital Shopping Centres has rejected a 425p a share takeover proposal from US mall owner Simon Property.
CML warns home repossessions to rise
Wednesday 15 Dec 2010
Next year will be another tough one for the housing market and more homeowners will either lose their homes or fall behind with mortgage payments, according to the Council of Mortgage Lenders (CML). The number in arrears on their home loans is seen rising from 175,000 to 180,000 in 2011, while repossession are forecast to hit 40,000 compared with 36,000 this year
Banks must retain more profits BoE warns
Tuesday 14 Dec 2010
UK banks should prepare for more financial turbulence ahead, especially in the eurozone, by retaining more profits, the Bank of England's latest financial stability report suggests.
BG finds gas offshore China
Tuesday 14 Dec 2010
Oil company BG Group has discovered gas in the deepwater Qiongdongnan basin in the South China Sea at its first attempt.
Simon in £3bn Capital Shopping approach
Tuesday 14 Dec 2010
Simon Property has written to Capital Shopping Centres (CSC) outlining an indicative proposal worth 425p a share in cash, or almost £3bn.
Moody's may cut Portugal rating
Monday 13 Dec 2010
Ratings agency Moody’s has said it may cut its rating on Portugal, helping to keep the eurozone debt crisis in focus.
Morrisons may sue Fifa over failed World Cup bid
Monday 13 Dec 2010
Supermarket operator Morrisons is considering suing football’s governing body Fifa after England’s failed attempt to host the 2018 World Cup. It is asking Fifa to pay £1m, the amount Morrisons paid to be the official grocer for the England bid, to football charities. Morrisons chief executive Dalton
Beazley withdraws 350p Hardy offer
Monday 13 Dec 2010
Underwriter Beazley has dropped its bid for rival Hardy after a third offer was turned down flat.
Costa powers Whitbread forward
Friday 10 Dec 2010
Another booming quarter for its coffee chain Costa helped Whitbread lift sales by 13.6% over the past three months, with like-for-like revenue up 6.8%.
De La Rue names Cobbold chief executive
Friday 10 Dec 2010
Bid target De La Rue has named Tim Cobbold as chief executive with effect from 1 January 2011. The banknote printer said Cobbold, currently CEO at Chloride Group, has over twenty years of international management experience in manufacturing industries. The appointment follows months of turmoil at the group.
Digital downloads could be a Game changer
Friday 10 Dec 2010
It’s not just the way people buy things that are changing, but the things that they buy; that’s the problem facing the retailers Game Group and HMV.
Monday newspaper round-up: Wellstream, BHP Billiton, Whitbread...
Friday 10 Dec 2010
Millions of families are struggling to pay their bills — and the number is likely to increase in the new year, according to analysis from the Bank of England.
The Fundamentalist: Unbelievable dividend yields
Friday 10 Dec 2010
As we approach the end of the year it is good to note that the Fundamentalist Five virtual portfolio of income stocks is not only showing a gain on the year, but that it is outperforming the FTSE 100, even before dividend payments are taken into account.
Flybe to be worth £215m
Friday 10 Dec 2010
Flybe, Britain’s biggest domestic airline, has priced its flotation at 295p, valuing the carrier at £215m. Conditional dealings start this morning. The airline will sell 20.4m new shares, some 28% of the company, which will raise about £60m for the carrier. Half of the funds raised will be used to expand its fleet and half to give it a war chest should it come across any attractive acquisitions.
Hacktivists target Visa and MasterCard
Thursday 09 Dec 2010
Visa and MasterCard have become victims of a “data war” in which anti-WikiLeaks companies who have turned their back on the site have become targets of online hackers.
BG's Brazil recovery estimates impress
Thursday 09 Dec 2010
BG Group predicts "very low" technical costs for the initial phase of development at its Tupi and Guará fields in the Santos Basin, offshore Brazil, where the company expects its share of the spoils to be 600 million barrels of oil equivalent (boe).
Bank of England keeps rates and QE unchanged
Thursday 09 Dec 2010
There were no surprises from the Bank of England today as it kept interest rates at 0.5% and the quantitative easing programme at £200bn.
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