Editor's Picks
Spending review: UK braces for harsh medicine
Monday 18 Oct 2010
Bad news is coming on Wednesday in the government’s comprehensive spending review, that much is certain.
US close: Apple sales climb above $20bn
Monday 18 Oct 2010
US shares climbed steadily but took a knock after hours as another set of stonking results from Apple had the edge taken off by its comments about the next three months. Apple's fourth quarter sales hit $20.3bn as sales of iPhones and iPads soared. Profits rose by 70% to $4.3bn with earnings of $4.64, well above forecasts of $4.10.
North Sea explorers packed with potential
Friday 15 Oct 2010
Before the summer, interest in the North Sea’s oil riches had waned. Tales of the area’s demise as a serious source of fossil fuel have been in the papers for years. Shell, BP and an army of foreign oil majors thought they'd bled the sea dry. But it appears they’ve missed a bit, a few bits in fact. A small group of hardcore explorers hit the jackpot in June. These are the guys to keep an eye on
Miners dig deep as gold shines
Friday 15 Oct 2010
Recent talk that gold prices are likely to continue climbing as the US and other Western countries consider following Japan’s lead will have set pulses racing at companies that mine for the yellow metal.
Bernanke ready for QE
Friday 15 Oct 2010
Federal Reserve Chairman Ben Bernanke says that further fiscal stimulus measures may be required because of high unemployment and low inflation. Bernanke has started speculation that there could be monetary easing as early as next month. "There would appear...to be a case for further action", Bernanke is reported to have said today.
Stagecoach re-enters London bus market
Friday 15 Oct 2010
Bus company Stagecoach is to re-enter the London market after acquiring the third largest bus operator in London.
Resolution buys Bupa Health
Friday 15 Oct 2010
Resolution, the insurance sector consolidator run by entrepreneur Clive Cowdery, is buying Bupa Health Assurance for £102m.
ASOS seeks to fashion a niche overseas
Thursday 14 Oct 2010
Unlike many of the High Street fashion chains it competes with, Asos is not quite a household name.
Desire draws blank at Rachel
Thursday 14 Oct 2010
Desire Petroleum's 14/15-1 well on the Rachel prospect in the North Falkland Basin, has reached a total depth of 2,877 metres, but initial wireline logging showed no oil or gas. Desire said the well will now be sidetracked to evaluate the prospectivity of sandstone found in the upper target of the zone.
African Barrick Gold fuel theft hits output at Buzwagi
Thursday 14 Oct 2010
African Barrick Gold has suspended 40% of the mining department at its Buzwagi mine in Tanzania following a fuel theft it suspects was an inside job.
Resolution takes out Bupa Health
Thursday 14 Oct 2010
London open
ASOS sales soar as overseas business takes off
Thursday 14 Oct 2010
Internet fashion retailer ASOS continues to see sales soar as it consolidates its position in the UK and makes strong inroads abroad.
Mothercare sales decline slows
Thursday 14 Oct 2010
Mothercare, the baby clothes and children’s toy retailer, put in a better performance during the second quarter, narrowing the decline in like for like sales compared with the first three months. UK like for like (LFL) sales dropped 3.2%, or 1.9% including VAT, in the 13 weeks ended 9 October, slightly less than the 4.1% reported in the 15 weeks to 10 July.
Growth quickens at Computacenter
Wednesday 13 Oct 2010
Information technology services firm Computacenter saw growth rates quicken in the third quarter.
Estonia deal boosts Sarantel's confidence
Wednesday 13 Oct 2010
Mini antenna maker Sarantel’s announcement that it has finalised a deal to outsource some of its production to Estonia will disappoint those who dream of a revival in UK manufacturing.
Cable unveils Royal Mail privatisation plan
Wednesday 13 Oct 2010
Business Secretary Vince Cable has introduced plans to privatise the Royal Mail but the Post Office is not for sale, although it could become mutually-owned in a similar way to John Lewis Partnership. The Postal Services Bill will be debated in the next few months. A stake in Royal Mail can then be sold to private investors, though there's currently no indication how much will be raised
BAA forced airport sales resume
Wednesday 13 Oct 2010
The forced sale of two BAA airports is back on track after its appeal against a Competition Commission ruling was overturned at the Court of Appeal.
Sarantel finalises Estonia outsource deal
Wednesday 13 Oct 2010
Shares in Sarantel moved higher after the maker of antennas for wireless devices said it has signed an agreement to outsource manufacturing activities to Estonia.
Bodycote lifts profits guidance
Wednesday 13 Oct 2010
Headline operating profit this year at metallurgical coatings specialist Bodycote is set to be at the upper end of the range of City forecasts.
Petropavlovsk slashes base metals IPO price
Wednesday 13 Oct 2010
Miner Petropavlovsk has chopped the price of the Hong Kong listing of its base metals division IRC and scaled back the size of the float.
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