Thursday, 11th March 2010
DAVID CROW
KEN Clarke would make a better chancellor than George Osborne, according to our panel of City A.M. readers. Clarke, who held the job between 1993 and 1997 and is now shadow business secretary, topped...
Thursday, 11th March 2010
JOHN DUNNE
SUPERMARKET chain Morrisons saw a 21 per cent surge in profits last year to £767m. The company, Britain’s fourth largest grocer, raised its full year dividend 41 per cent to 8.2 pence a share on the...
Thursday, 11th March 2010
JOHN DUNNE
JOHN Lewis will hand its staff a 15 per cent bonus after reporting a surge in annual profits. The retailer made a profit before the staff bonus and tax of £306.6m in the year to the end of January –...
Thursday, 11th March 2010
JOHN DUNNE
HSBC has confirmed that a theft of data by a former employee affected up to 24,000 Swiss client accounts. The bank had previously said "less than 10 clients" were compromised after a former HSBC...

  • Thursday, 11th March 2010
    FRANK DALLERES
    MANCHESTER UTD (4) vs AC MILAN (0) Man Utd win 7-2 on aggregate WAYNE Rooney ensured David Beckham’s long-awaited return to Old Trafford was far more bitter than sweet as Manchester United’s latest... [Read more]

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  • HOME retail Group – which owns Argos and Homebase – has tipped its pre-tax profit for the year to come in at £290m The figure is slightly ahead of market forecasts for the year to 27 February.... [Read more]
  • PUB chain Wetherspoon today announced the end of a year-long dividend freeze after successfully completing its debt refinancing. Shareholders will receive a 12p dividend on 1 April for the year to... [Read more]
  • UK banks have been ordered by the Financial Services Authority (FSA) to prepare for a double dip recession, another crash in house prices and a sharp increase in unemployment. The 2010 stress test... [Read more]
  • THE European Union has been asked by a group of Europe’s leading economies to look into banning speculative trading in credit default swaps (CDS). France and Germany are leading the attack and want... [Read more]
  • SOMETHING has gone badly wrong for the Tories. Not only is their lead in the national opinion polls looking too low to prevent a hung parliament – they are on just 37 per cent, against 32 per cent... [Read more]
  • AMERICAN exchange operator IntercontinentalExchange (ICE) has been touted as the most likely bidder for Tullett Prebon, the inter-dealer broker headed by Terry Smith, which yesterday confirmed it was... [Read more]
  • MEMBERS of the European Parliament have taken the extraordinary step of voting in favour of a Tobin tax on financial transactions. The resolution was passed by 536 to 80 votes yesterday and the... [Read more]
  • The Conservatives saw their lead return to 5 points yesterday, according to a daily YouGov poll. Labour support stayed the same on the day the chancellor confirmed the budget date for 24 March. The... [Read more]
  • Lenders to Dubai World will get a range of options including full repayment once Abu Dhabi decides how much additional support it will give its debt-laden neighbour, sources close to the discussions... [Read more]
  • TENS of thousands of investment bankers could be forced to disclose the size of their pay packet, in a government move that will send shock waves through the City. City minister Lord Myners yesterday... [Read more]
  • THIS year's Budget will be held in "two weeks' time", Prime Minister Gordon Brown has confirmed. The 24 March budget will be six weeks ahead of an election date tipped for 6 May. Brown said the... [Read more]
  • THE battered US banking giant, Citigroup, will look to earn as much as $20bn (£13bn) by the end of 2012 as the company looks to get back on its feet. Vikram Pandit, Citigroup’s chief executive,... [Read more]
  • THE financially troubled EMI music label yesterday revealed that its chief executive Elio Leoni-Sceti is leaving after only 18 months in the post. Leoni-Sceti leaves with no job to go to. Having... [Read more]
  • THE former boss of Britain’s biggest commercial broadcaster will add troubled record label EMI to his list of top jobs when he takes over the role of executive chairman at the end of this month.... [Read more]
  • TESCO has hired the former head of non-food at J Sainsbury in a bid to revive its £1bn clothing business. Richard Jones will replace Terry Green as Tesco’s clothing chief – running the clothing... [Read more]
  • THE US posted a record $220.91bn (£147bn) budget deficit in February, Treasury Department data revealed yesterday. The February deficit was in line with analysts’ consensus forecast in a Reuters poll... [Read more]