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Wednesday 07 July 2010
Shares in struggling social housing group Connaught rose for a second day yesterday on speculation it may be a takeover target.
Wednesday 07 July 2010
Clifford Chance The legal giant said yesterday that Simon Tinkler has been elected leader of its London corporate practice, for a term of four years.
Wednesday 07 July 2010
HOUSE builder Persimmon reported higher sales and improved debt for the first half of the year, but said consumer uncertainty following the election and the emergency Budget had dampened its outlook.
Wednesday 07 July 2010
HM REVENUE and Customs (HMRC), despite winning a vote of confidence from the City still needs to make improvements, an influential survey published yesterday found.
Wednesday 07 July 2010
CONFIDENCE in the housing market dipped slightly last month, as worries about interest rate rises and job losses loomed over homeowners, according to a survey released yesterday.
Wednesday 07 July 2010
WM MORRISON
Wednesday 07 July 2010
Toyota yesterday recalled 3,238 Lexus vehicles that could be affected by a rare problem with the valve operating system. The carmaker said the valve spring could degrade, causing it to break and make the engine misfire or run rough.
Wednesday 07 July 2010
GeoPark has revealed new gas and oil finds in the Fell block in Chile.
Wednesday 07 July 2010
Industrial services group Cape yesterday announced it has won an $18m (£12m) contract to provide thermal insulation works on the Borouge phase of three petrochemical projects in Ruwais, Abu Dhabi.
Tuesday 06 July 2010
UK new car sales rose 10.8 per cent in June compared with the same month last year, industry figures have shown. The rise came despite the end of the scrappage scheme.
Tuesday 06 July 2010
BRITIAN'S biggest pubs firm Punch Tavern said it was on track to meet full-year expectations as trading was boosted by hot summer weather and the World Cup.
Tuesday 06 July 2010
HOUSEBUILDER Persimmon said total house sales and completions rose in the first half, despite slipping in recent months on election and budget uncertainty.
Tuesday 06 July 2010
ONLINE grocer Ocado is aiming for a valuation of over £1bn in its planned initial public offering (IPO), despite turbulent markets and scepticism among some analysts and investors.
Tuesday 06 July 2010
HOME shopping group N Brown posted a slowdown in underlying sales growth in its second quarter as its customers assessed the likely impact on their finances of the new coalition government's policies.
Tuesday 06 July 2010
THE prospect of the first general strike since 1926 reared its ugly head yesterday, after trade union leaders clubbed together to fight the toughest public spending cuts in a generation.
Tuesday 06 July 2010
European Union countries that discover problem banks when they stress-test their lenders could turn to an existing EU state back-up scheme.
Tuesday 06 July 2010
ECONOMISTS at Morgan Stanley have coined a great phrase to describe what we will be living through over the next few years: it will be Grim – Growth Really Is Mediocre.
Tuesday 06 July 2010
Online clothing retailer my-wardrobe.com has received a $9m (£5.9m) boost from Balderton Capital. The business was founded just four years ago by Sarah Curran, who will remain the majority shareholder.
Tuesday 06 July 2010
A suspect in a German investigation into an alleged €300m (£248.5m) Ponzi scheme committed suicide on Saturday, it has been confirmed.
Tuesday 06 July 2010
FINANCIAL TIMES
Tuesday 06 July 2010
OCADO can expect a frosty reception to its prospectus when it finally launches this morning, as investors and analysts baulk at the expected £1bn valuation of the firm.
Tuesday 06 July 2010
TWO shareholders in the Spanish infrastructure group that owns Cardiff and Belfast International airports will team up with British private equity group CVC to mount a €25bn (£21bn) leveraged buy-out.
Tuesday 06 July 2010
JOHN BUTTERWORTH | INSURANCE CONSULTANT “I don’t think there is a problem with the firm floating. The long-term Waitrose deal is a definite plus point. It’s something different for investors: rewards come from taking a punt.”
Tuesday 06 July 2010
BP yesterday dismissed speculation it will issue new shares in a bid to meet the spiralling costs of tackling its huge oil spill in the Gulf of Mexico.
Tuesday 06 July 2010
SHARES in takeover target Dana Petroleum have rocketed 23 per cent over the past several days in response to confirmation that the Korean National Oil Company (KNOC) is in preliminary talks about acquiring the firm.
Tuesday 06 July 2010
DAVID BUIK | BGC PARTNERS “The most important thing for BP to do right now is provide decent evidence that it can plug the leak. Investment could make a hostile takeover unlikely and BP’s assets are expensive anyway.”
Tuesday 06 July 2010
BORIS Johnson yesterday cornered David Cameron in crunch talks over public spending cuts planned for London, arguing that excessively heavy-handed measures would damage the capital’s standing as the economic powerhouse of the UK.
Tuesday 06 July 2010
THE government scrapped a further £1.5bn of unfunded spending commitments yesterday, as it continued to wield the axe on years of Whitehall waste.
Tuesday 06 July 2010
NICK?Clegg yesterday performed the first major U-turn of the coalition government, after he rewrote plans that would have made it harder to force the government to call a general election.
Tuesday 06 July 2010
EDUCATION secretary Michael Gove today confirmed a freeze of the schools building programme as part of his proposed £3.5bn cuts to education spending.
Tuesday 06 July 2010
BT escaped its first strike in 23 years after its workers’ union botched a vital ballot.
Tuesday 06 July 2010
The Treasury does not have to pay compensation to former shareholders of buy-to-let lender Bradford & Bingley (B&B), an independent valuer said yesterday.
Tuesday 06 July 2010
ECONOMIC uncertainty and currency volatility mean nearly two thirds of companies around the world will hold off raising capital for the next two years, according to a survey by RBC Capital Markets.
Tuesday 06 July 2010
ACTIVITY in the services sector across the major developed markets continued to slow in June, according to leading surveys of the sector published yesterday.
Tuesday 06 July 2010
THE UK economy continued to grow in the second quarter of the year, boosted by a strong performance in the manufacturing sector, according to the quarterly survey from the British Chambers of Commerce published today.
Tuesday 06 July 2010
WEAK growth over the coming quarters will produce an L-shaped recovery in Britain, according the latest economic forecasts from the Institute of Directors (IOD).
Tuesday 06 July 2010
LEADING economist Martin Weale has been appointed as an external member of the?Bank of England’s Monetary Policy Committee (MPC) by chancellor George Osborne.
Tuesday 06 July 2010
HEDGE fund managers are buckling down for a trying year, as regulatory oversight and competition lead to a glut of market dogfights.
Tuesday 06 July 2010
TRANSPORT FOR LONDON (TfL) could hike passenger tube fares to “eye-watering” levels making the “travelling public pay through the nose”, RMT has warned.
Tuesday 06 July 2010
BBC Worldwide cashed in on top titles including Top Gear and Doctor Who, boosting its full-year sales seven per cent to over £1bn.
Tuesday 06 July 2010
EU presidency holder Belgium has intervened in a row about new European financial watchdogs in an attempt to avert a breakdown in talks to set up new supervisors by the start of next year, a senior diplomat said.
Tuesday 06 July 2010
KKR is hoping to buck the trend with an ambitious flotation on the New York Stock Exchange, expected to value the buy-out fund at $9bn (£5.9bn).
Tuesday 06 July 2010
BUYOUT house Coller Capital plans to inject £100m fresh capital into Lloyds Banking Group’s private equity portfolio after buying a controlling share in the assets, valuing them at £480m.
Tuesday 06 July 2010
DAIWA Capital Markets is to purchase KBC Group’s Global Convertible Bond and Asian Equity Derivative businesses for approximately $1bn (£660m).
Tuesday 06 July 2010
BRIT Insurance boss Dane Douetil has demanded a takeover offer of at least £11 per share from US buyout player Apollo before he will grant access for due diligence, according to sources.
Tuesday 06 July 2010
AUSTRALIAN INSURER QBE has announced the acquisition of specialist Belgian reinsurer Secura from KBC Group for €267m (£221m).
Tuesday 06 July 2010
AGRICULTURAL Bank of China (AgBank) yesterday said it had attracted subscriptions from big insurers and other major companies for the Shanghai portion of its initial public offering (IPO), helping to ensure that the issuance would not cause disrup
Tuesday 06 July 2010
A EUROPEAN Parliament committee said yesterday it supported a deal with the United States on sharing citizens’ bank data, a move which investigators say will help counter-terrorism investigations.
Tuesday 06 July 2010
ERNST & YOUNG (E&Y) has bolstered its global partnership after admitting almost 400 new partners across its offices.
Tuesday 06 July 2010
STRIKE action by Unite, the union representing British Airways (BA) cabin crew, saw passenger traffic measured in revenue passenger kilometers reduced by 11.1 per cent last month.

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