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  • Goldman accused of cashing in on crisis

    Sunday 25 Apr 2010

    Goldman Sachs made “a lot of money by betting against the mortgage market", according to initial findings of a US Senate investigation. Emails released by the Senate permanent subcommittee on investigations (PSI) showed Goldman officials discussed making "serious money" out of the sub-prime crisis. "Investment banks such as Goldman Sachs were not simply market-makers

  • Riding in Apple's slipstream

    Saturday 24 Apr 2010

    Apple products are selling like umbrellas in a thunderstorm, and the company’s share price has hit an all-time high as a result.

  • Full steam ahead for Hornby

    Friday 23 Apr 2010

    Hornby was the second consumer-facing stock to announce positive dividend news this week, saying it will resume payouts this summer.

  • Greece asks for EU/IMF aid

    Friday 23 Apr 2010

    Greek Prime Minister George Papandreou has asked the European Union and the International Monetary Fund to activate their €45bn emergency aid package for the debt-laden country. Papandreou made the announcement before travelling to Washington for a meeting with the IMF. He said it was a ‘national and pressing necessity’ to access the aid package.

  • Savers lose out amid surge in inflation

    Friday 23 Apr 2010

    This week’s surge in inflation means that savers effectively lose out by holding money in deposit accounts.

  • UK economy grows half as fast as forecast

    Friday 23 Apr 2010

    The UK economy continued to recover from the recession in the first quarter but grew only half as much as economists forecast.

  • Premier Foods sees challenging environment

    Friday 23 Apr 2010

    Premier Foods, the company behind Hovis bread, Branston pickle and Sharwood's sauces, reported a 5.1% drop in first quarter sales and said it remains cautious about the consumer and trading environment for 2010.

  • Greece asks for EU/IMF aid

    Friday 23 Apr 2010

    Greek Prime Minister George Papandreou has asked the European Union and the International Monetary Fund to active their €45bn emergency aid package for the debt-laden country.

  • UK economy grows half as fast as forecast

    Friday 23 Apr 2010

    The UK economy continued to recover from the recession in the first quarter but grew only half as much as economists forecast. Gross domestic product rose 0.2% between January and March compared with the final three months of 2009, according to figures from the Office for National Statistics. That was weaker than market forecasts for a 0.4% rise, but the figure is likely to be revised.

  • Experian to exit FARES JV

    Friday 23 Apr 2010

    Credit checking firm Experian is completely exiting its First American Real Estate Solutions (FARES) joint venture with The First American Corporation.

  • Hornby to beat expectations and pay divi

    Friday 23 Apr 2010

    Scalextrix maker Hornby is to return to paying dividends after the second half of the year finished stronger than expected.

  • Prudential to price rights on 5 May

    Friday 23 Apr 2010

    Prudential will announce the price of its $20bn rights issue to fund the acquisition of AIG's Asian (AIA) businesses on 5 May.

  • Obama urges regulatory reform

    Thursday 22 Apr 2010

    President Barack Obama told Wall Street that regulatory reform was needed to make the economy stronger and tackle some of the underlying problems that led to the financial turmoil. Obama said problems that led to the financial crises and recession was due to a "failure of responsibility" from both Wall Street and Washington.

  • Update: Moody's cuts Greece rating, deficit up

    Thursday 22 Apr 2010

    Moody's has cut Greece’s sovereign debt rating and warned of further possible downgrades. The news came hours after EU statistics office Eurostat hiked Greece’s budget deficit and warned that too could be revised further. Moody’s reduced its rating to A3 from A2, citing concerns about the government’s ability to slash its deficit and disputes over the possible external assistance.

  • Punch profit falls, cautious outlook

    Thursday 22 Apr 2010

    Pubs group Punch Taverns reported a slightly better than expected half year profit but warned that market conditions remain challenging.

  • WH Smith lifts profits despite lower sales

    Thursday 22 Apr 2010

    Revenues were down at WH Smith in the half year to February 28, but efficiency measures helped the newsagent chain post a rise in pre-tax profits.

  • Arriva agrees £1.59bn Deutsche Bahn offer

    Thursday 22 Apr 2010

    Bus and rail operator Arriva has agreed to be taken over by Germany’s Deutsche Bahn in a £1.59bn deal that will create a new European transport giant. Under the terms of the deal, Arriva shareholders will also receive a 2009 dividend of 18.8p per share. The news comes after Arriva said on Monday that the German state-controlled company

  • ARM and a leg-up from Apple

    Wednesday 21 Apr 2010

    Eye popping results, even by its own standards, from consumer electronics darling Apple prompted demand on Wednesday for UK chip designers ARM Holdings, Imagination Technologies and Wolfson Microelectronics.Demand for ARM shares on Wednesday was fuelled further by rumours that Apple is considering a bid for the UK company, in order to prevent the technology ending up in competitors’ products.

  • Out of the Game

    Wednesday 21 Apr 2010

    If you live by the sword, you die by the sword.

  • UK unemployment highest since 1994

    Wednesday 21 Apr 2010

    There was mixed news on the UK employment front today, with the number of unemployed rising to its highest level since 1994, while the number of people claiming unemployment benefit fell by a much larger number than expected.

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