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Friday 19 November 2010
A financial aid plan to help Ireland cope with its battered banks will be unveiled next week, EU sources have claimed, but experts warned a rescue may not be enough to prevent contagion in the single currency bloc.
Friday 19 November 2010
China's central bank has increased the amount of money that lenders must keep in reserve, in its latest bid to stem inflation.
Friday 19 November 2010
European bankers are growing increasingly vocal in their opposition to what they view as regulatory overkill in response to the financial crisis.
Friday 19 November 2010
Google plans to hire more than 2,000 people around the globe, bumping up its workforce as it expands into new markets and battles for talent with faster-growing rivals.
Friday 19 November 2010
Brewer and pub operator Fuller, Smith & Turner has warned that the difficult economic climate could hit trading for a "considerable" time – but still reported a profit rise.
Friday 19 November 2010
ABN AMRO, the state-owned rump of the former leading Dutch-based international bank, has reported a jump in underlying net profit thanks to higher interest income, lower charges and a gain on its debt buy-back.
Friday 19 November 2010
Qantas Airways likely faces several more weeks before its fleet of six Airbus A380s can return to service threatening to squeeze its capacity as it heads into the busy Christmas season.
Friday 19 November 2010
IRELAND is likely to take a loan worth tens of billions of euros from the International Monetary Fund and European partners to prop up its banking system, the troubled country’s banking chief said yesterday in the first official confirmation that
Friday 19 November 2010
GENERAL MOTORS closed 3.6 per cent higher yesterday after pulling off the biggest IPO in US history. The stock closed at $34.19, up from its float price of $33 a share.
Friday 19 November 2010
PRIVATE equity tycoon Guy Hands said yesterday he was focused on “the next deal” following his attempts to sue Citigroup over his purchase of struggling music label EMI.
Friday 19 November 2010
SOMETIMES, crises are the best way to force through change. Take what has happened to the US car industry.
Friday 19 November 2010
FINANCIAL TIMES LLOYDS HOT FOR PROPERTY DEALS
Friday 19 November 2010
THE CONSERVATIVE and Labour parties are set to name several City players in the latest lists of appointed peers.
Friday 19 November 2010
Dell raised its yearly income forecast after third-quarter margins and earnings beat expectations, helped by sliding costs of PC components propelling its shares 4.8 per cent higher.
Friday 19 November 2010
Gap posted a slight decrease in net profit that met Wall Street estimates, despite tepid sales in advance of the key holiday selling season, but the apparel retailer stood by its 2010 profit outlook.
Friday 19 November 2010
DELOITTE Touche Tohmatsu is in advanced talks about a possible takeover with Roland Berger Strategy Consultants it emerged yesterday.
Friday 19 November 2010
AIRCRAFT maker Airbus will seek compensation from Rolls Royce for disruption linked to its engine failure on a Qantas flight earlier this month.
Friday 19 November 2010
MEREDITH Whitney, the analyst credited with predicting the financial crisis, plans to go head-to-head with Moody’s and Standard &?Poor’s by launching her own credit ratings agency.
Friday 19 November 2010
THE PRIVATE equity owners of United Biscuits are opening up a possible £2bn sale to new bidders after exclusive talks with a preferred suitor ended, people familiar with the matter said yesterday.
Friday 19 November 2010
PLANS to cap the number of skilled migrant workers coming to the UK will only go a small way to achieving new immigration targets and are likely to damage economic growth, a government advisory body warned.
Friday 19 November 2010
THE government is to publish a list of its biggest suppliers today as it launches its drive to make public spending more accountable.
Friday 19 November 2010
TONY STIRZAKER | MOLEX “Indeed it will help because the government is spending way too much. Much of this money is wasted. Thankfully, the new transparency also lets me pay taxes with confidence.”
Friday 19 November 2010
THE London Stock Exchange (LSE) has announced that it will launch a pan-European derivatives trading platform in the second quarter of 2011.
Friday 19 November 2010
LONDON stock exchange (LSE) chief executive Xavier Rolet yesterday applauded the government’s decision not to split the regulation of the UK’s primary and secondary markets in its shake-up of the financial regulatory system.
Friday 19 November 2010
LSE has not had an easy time so far this year, after it was shuffled out of the FTSE 100 in June.
Friday 19 November 2010
GEORGE Osborne’s decision to hike VAT will shave 0.3 per cent off GDP in 2011-12, the official independent forecaster said yesterday.
Friday 19 November 2010
RETAIL sales in the UK rose for the first time in three months in October, according to official statistics released yesterday.
Friday 19 November 2010
GOVERNMENT spending cuts will put the brakes on UK growth, according to influential think tank the Organisation for Economic Co-operation and Development (OECD) which yesterday slashed its forecast for the UK in 2011.
Friday 19 November 2010
THE chancellor could have to cut public spending by even more than planned, economists warned yesterday after government borrowing in?October was higher than last year.
Friday 19 November 2010
ALAN CLARKE | BNP PARIBAS Borrowing is still on track to undershoot the latest emergency budget target. Nonetheless, the deterioration in recent months is a disappointment and may reflect slower growth.
Friday 19 November 2010
Gross mortgage lending last month was the lowest October total since 2000, according to figures released yesterday.
Friday 19 November 2010
Over a million cars have rolled out of British factories this year, according to figures released yesterday – and most of the vehicles are being exported.
Friday 19 November 2010
JULIAN Treger, the well known shareholder activist, has triggered the sale of the Aim market’s largest company Western Coal by agreeing to sell a 23.5 per cent stake in it to Walter Energy, the US coal company.
Friday 19 November 2010
TWO members of imprisoned financier Bernard Madoff’s inner circle were arrested on charges of helping to conceal the largest financial fraud in history, US prosecutors said yesterday.
Friday 19 November 2010
THE owners of French yoghurt maker Yoplait rejected a €1.4bn (£1.19bn) unsolicited bid from Europe’s largest dairy group, Lactalis yesterday, saying it was too low and would force out a major shareholder.
Friday 19 November 2010
CAPITA yesterday said revenues would be hit harder by government spending cuts than it previously expected, casting a shadow over predictions that robust support services firms stand to gain from the era of austerity.
Friday 19 November 2010
ADMINISTRATORS have been forced to break up the remainder of troubled housing group Rok after a sole buyer failed to materialise.
Friday 19 November 2010
INSURER Chaucer will expand its UK motoring operations as part of an ambitious new growth strategy.
Friday 19 November 2010
ENGINEER Weir Group has snapped up an American firm that makes wind turbines and hydro-electric power stations.
Friday 19 November 2010
BRITISH Airways (BA) yesterday won a high court battle to prevent hundreds of air cargo customers suing it in a US-style class action lawsuit.
Friday 19 November 2010
BRITISH manufacturing buyout firm Melrose said trading was slightly ahead of its own view and that revenue visibility remained healthy as orders were increasing.
Friday 19 November 2010
CASH-rich Europeans are rushing to invest in prime property in one of London’s most expensive postcodes, in a bid to protect their money amid growing fear over the stability of the euro, according to property firm Sandfords.
Friday 19 November 2010
LONDON Mayor Boris Johnson yesterday unveiled new station designs for Crossrail. Johnson showed pictures of eight new Crossrail stations, five of which are underneath Central London.
Friday 19 November 2010
INVESTEC, South Africa’s fifth-largest bank, is selling Rensburg Fund Management (RFM) for £45m, it said yesterday as it unveiled a six per cent hike in underlying operating profit.
Friday 19 November 2010
A MINING director was yesterday awarded €10m (£8.5m) after a judge found he had been defamed by false allegations he made inappropriate, naked advances to a work colleague.
Friday 19 November 2010
CLOSE Brothers said overall performance during the first quarter was solid yesterday, driven by good loan book growth on continued demand for its specialist lending services.
Friday 19 November 2010
NATIONAL Grid saw six-month pre-tax profit surge 45 per cent to £938m, with operating profit growing in every part of the business.
Friday 19 November 2010
BAA CHAIRMAN Sir Nigel Rudd has added his name to a list of nine signatories to a letter urging the government to stop dragging its feet on roadworks policy in London.
Friday 19 November 2010
Man Group
Friday 19 November 2010
ONE of Heritage Oil’s wells in Iraq has hit a bigger-than-expected hydrocarbon deposit, the firm said in a trading statement yesterday.

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