Editor's Picks
Cameron and Osborne 'weak', according to King leak
Tuesday 30 Nov 2010
David Cameron and George Osborne’s “lack of experience” was a great concern to Bank of England governor Mervyn King in the run up to the election, leaked cables reveal. The fears were expressed by King in a meeting with US ambassador to London, Louis Susman, in February, and mentioned in a cable to US Secretary of State, Hillary Clinton, according to the WikiLeaks website.
Halma firing on all cylinders
Tuesday 30 Nov 2010
Sensor technology group Halma saw increased revenue and profit in all three of its divisions in the 26 weeks to 2 October.
Electra taps market
Tuesday 30 Nov 2010
Private equity trust Electra Private Equity is tapping the market for more funds to take advantage of significant private equity investment opportunities.
Topps Tiles confident after profits rise
Tuesday 30 Nov 2010
Tile and flooring specialist Topps Tiles posted higher profits in the year to October 2 as sales recovered and said it is confident in spite of subdued consumer confidence.
BP backs Canadian oil sands programme
Tuesday 30 Nov 2010
BP has agreed to invest $2.5bn in the Sunrise oil sands project in Alberta, Canada, its first major investment since the Gulf of Mexico spillage. The UK firm, which owns 50% of the project in northern Alberta, said it was “a significant milestone” for the company and represented a “40-year secure and stable source of production for North America”.
China Food whets investor appetites
Monday 29 Nov 2010
Given that soy sauce is a commodity used by pretty much everyone in China, investing in a company that makes the ubiquitous condiment might not seem like the best way to tap into the far eastern economic powerhouse’s growing wealth.
Mortgage approvals fall to eight month low
Monday 29 Nov 2010
The number of mortgages approved fell for the sixth month in a row in October, new figures from the Bank of England show.
African Barrick excited by Nyanzaga
Monday 29 Nov 2010
Miner African Barrick Gold has accelerated its drilling programme at the Nyanzaga Project in Tanzania after more good in-fill results.
Shareholders agree to BA/Iberia merger
Monday 29 Nov 2010
British Airways and Iberia shareholders have approved the £5.7bn merger between the two airlines.
Bank of Ireland to seek own funds
Monday 29 Nov 2010
Bank of Ireland today vowed to raise the €2.2bn demanded under the terms of the Irish bail-out through its own efforts and without the help of the Irish state.
Markets think Portugal is next to sink
Monday 29 Nov 2010
Financial markets are still betting either Portugal, Spain, or both, will need a rescue deal similar to the €85bn Irish bail-out, rubber-stamped over the weekend. Portugal is the favourite. Nouriel Roubini, the economics professor who correctly predicted the financial crisis, has tipped them as “quite likely” to go cap in hand to the European Union and International Monetary Fund.
Eurozone worries persist despite Iberian assurances
Friday 26 Nov 2010
Worries over the eurozone debt crisis continued to plague investors Friday, despite assurances from the Portugal and later Spain that they don’t need to be bailed out.
Big spending Rio continues turnaround
Friday 26 Nov 2010
Rio Tinto, the third-largest miner on earth, has firmed up plans to spend billions of dollars in the months ahead to keep pace with a surge in demand from the developing world.
Stocks fall as euro worries persist
Friday 26 Nov 2010
Stocks were sharply lower Friday morning as worries over the eurozone debt market continued to persist.
UK shares could hit record in 2011 predicts fund manager
Friday 26 Nov 2010
UK equities could hit an all-time high in 2011 if the predictions of fund manager Schroders prove spot on.
Sunday newspaper round-up: Euro crisis, Barclays, Punch Taverns...
Friday 26 Nov 2010
Europe’s finance ministers meet in Brussels today to agree the final terms of an €85 billion bailout for Ireland and debate emergency measures to stop the spread of the eurozone debt crisis.
'Black Friday' mixed for US retail
Friday 26 Nov 2010
By the end of the weekend the financial markets will have a much better idea of just how well the world’s largest economy is recovering as figures for America’s ‘Black Friday’ shopping pilgrimage begin to come in. Early evidence suggests Americans are definitely in buying mood, though retailers are having to lure them with big discounts on everything from TVs, laptops, shoes and toys.
Ireland's cuts can't ease euro concerns
Thursday 25 Nov 2010
European officials today insisted that the euro would not be allowed to fail or the eurozone break up after markets reacted coolly to Ireland’s new austerity package. Even so, yields on Portuguese and Spanish bonds rose further on bail-out fears. "There is zero danger [of the eurozone failing]" Klaus Regling, chief of the European Financial Stability Facility told German paper Bild
Atkins impresses but outlook is tough
Thursday 25 Nov 2010
Design and engineering group Atkins’ ability to lift profits despite tough conditions in the six months to September 30 was impressive, but there could be more difficult times ahead for the firm.
UBS hit by $2bn Madoff lawsuit
Thursday 25 Nov 2010
Swiss bank UBS is being sued for $2bn (£1.3bn) by the trustee in charge of recovering assets stolen by US fraudster Bernie Madoff.
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