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Wednesday 23 March 2011
New US single-family home sales unexpectedly fell in February to hit a record low and prices were the lowest since December 2003, in signs of a deepening housing market slide.
Wednesday 23 March 2011
Chancellor George Osborne said the government would slash corporate tax by two per cent from April in a budget which he claimed would put "fuel into the tank of the British economy".
Wednesday 23 March 2011
Zara retail chain owner Inditex has reported a 32 per cent surge in profit, fuelled by business in India and China. Inditex, the world's largest clothes chain, saw annual profit hit 1.73bn euros (£1.5bn).
Wednesday 23 March 2011
DP World said that it is on track for a listing on the London Stock Exchange (LSE).
Wednesday 23 March 2011
BP's said it had sold its interest in a natural gas processing plant in Colorado to Andarko Petroleum for $575.5m (£351m).
Wednesday 23 March 2011
The Japanese government has stimated the direct damage from a deadly earthquake and tsunami that struck the country's northeast this month at 16-25 trillion yen (£121-£189bn) making it the world's costliest natural disaster.
Wednesday 23 March 2011
J Sainsbury, the third-biggest supermarket group, missed fourth-quarter sales forecasts and said trading was likely to remain tough as shoppers face rising fuel prices and government spending cuts.
Wednesday 23 March 2011
GEORGE Osborne will today unveil small tax cuts, help for first-time buyers and a series of symbolic measures to show he is tough on the rich.
Wednesday 23 March 2011
OIL prices continued their upward trajectory yesterday as Libya endured bombings from both Gaddafi loyalists and the UN-mandated military push to enforce a no-fly zone.
Wednesday 23 March 2011
SAVERS will be looking to chancellor George Osborne to give support to personal investments in the Budget today, after the latest inflation figures showed that UK savings accounts are all losing money in real terms.
Wednesday 23 March 2011
GOOGLE’S plan to publish millions of books online was thrown out by a US court yesterday after the judge said its $125m (£76.4m) a year settlement with authors was invalid.
Wednesday 23 March 2011
THERE is a sword hanging over all of our heads, and it is not chancellor George Osborne’s spending cuts.
Wednesday 23 March 2011
FINANCIAL TIMES
Wednesday 23 March 2011
GOLDMAN Sachs is believed to have picked London-based vice chairman Michael Sherwood as the next chair of its influential partnership committee.
Wednesday 23 March 2011
CLAIMS payments from the twin catastrophes in Japan are likely to cost global reinsurer Munich Re €1.5bn (£1.3bn), it said yesterday.
Wednesday 23 March 2011
GLENCORE, the Swiss commodity trading giant, is close to hiring eight banks to supervise its planned multi-billion-dollar London and Hong Kong listing, a person familiar with the matter said.
Wednesday 23 March 2011
GOVERNMENT borrowing reached £11.8bn in February -- a record high for this time of year – according to official figures released yesterday.
Wednesday 23 March 2011
INFLATION has reached its highest level since October 2008, the Office for National Statistics (ONS) revealed yesterday.
Wednesday 23 March 2011
PHILIP RADLEY | GUARANTEES AND BONDS
Wednesday 23 March 2011
LLOYDS chief Antonio Horta-Osorio has poached another top executive off the board he led at Santander UK, completing a clear-out of the execs that headed the bank under his leadership.
Wednesday 23 March 2011
AIM-listed investment bank Shore Capital saw a pre-tax profits drop by a third to £8.37m in 2010 but said that it was a “strong performance” given “tougher conditions” in the middle of the year.
Wednesday 23 March 2011
HEDGE fund manager Man Group sold its stake in successful rival BlueCrest Capital back to the firm for $633m (£389m) yesterday. Man, which bought the 25.5 per cent stake in 2003, made about a $250m profit from the sale, it said.
Wednesday 23 March 2011
Financial services firm London Capital Group Holdings plans to raise up to £8m through a discounted share placing to meet regulatory capital requirements.
Wednesday 23 March 2011
THE Bank of England has told Barclays and HSBC they cannot repay their remaining exposure to its Special Liquidity Scheme (SLS) early.
Wednesday 23 March 2011
Northern Rock has launched its first public securitisation issue in a deal which could raise some £370m.
Wednesday 23 March 2011
DEUTSCHE Bank has been ordered to fork out €541,000 (£469,000) in compensation to a German paper company after the country’s highest court ruled that the bank had inadequately described the risks of a derivative it sold the firm in 2005.
Wednesday 23 March 2011
A BUMPER year for enforcement fines means that financial firms will pay less for the FSA’s upkeep despite a ten per cent rise in its costs, the Authority’s business plan for 2011/2012 revealed yesterday.
Wednesday 23 March 2011
WHAT do politicians, retailers, the media and market researchers have in common? They are all talking and worrying, about “consumer confidence”.
Wednesday 23 March 2011
ASSETCO’s shareholders raised £16m in emergency funding yesterday after a court ruling forced its chief executive to comply with the plan.
Wednesday 23 March 2011
Regulatory pressure prompted Sanofi-Aventis and Merck & Co to abandon plans for a joint animal health powerhouse with $5bn (£3.05bn) in sales.
Wednesday 23 March 2011
ADOBE Systems posted first-quarter profit above Wall Street estimates, but cut its second-quarter revenue expectations by $50m (£30.5m), citing the uncertain business environment in Japan following the earthquake.
Wednesday 23 March 2011
CATERING services company Compass Group is set to buy Dutch company Elior Nederland from European rival Elior.
Wednesday 23 March 2011
CAIRN ENERGY posted record full-year sales and raised hopes that its long-running disposal of its Indian unit will get government approval yesterday.
Wednesday 23 March 2011
HOWARD WHEELDON | BGC PARTNERS
Wednesday 23 March 2011
BRITAIN’S manufacturing sector received another boost yesterday, as a leading business survey revealed “above normal” orders for the first time in three years.
Wednesday 23 March 2011
PORTUGAL hovers on the brink of “an abyss” today, according to the leader of the country’s ruling Socialist Party Francisco Assis.
Wednesday 23 March 2011
America’s housing slump is continuing, according to data released yesterday by the Federal Housing Finance Agency (FHFA). US house prices dropped 0.3 per cent from December to January, the FHFA said.
Wednesday 23 March 2011
Rising energy prices will have only a “modest impact” on growth and inflation, the Organisation of Economic Co-operation and Development (OECD) said yesterday.
Wednesday 23 March 2011
Britons have a far gloomier outlook on the economy than peer countries, a global poll by Ipsos MORI has shown.
Wednesday 23 March 2011
The US recovery is gathering strength, two Federal Reserve officials indicated yesterday.
Wednesday 23 March 2011
PUNCH Taverns is splitting its business in two in a bid to tackle its crippling debt pile.
Wednesday 23 March 2011
THE British Retail Consortium (BRC) and Google are tomorrow set to reveal plans for a new quarterly report which will monitor online retail sales.
Wednesday 23 March 2011
THE body representing private equity players has hit back at comments by the GMB union against pub group Punch, following its announcement of a demerger.
Wednesday 23 March 2011
STRUGGLING retailer JJB Sports has avoided collapsing into administration for the second time in two years, agreeing a restructuring with landlords who will forfeit millions of pounds of rent.
Wednesday 23 March 2011
THE boss of eBay saw his pay soar by 22 per cent to $12.4m (£7.5m) last year after being given shares, share options and perks including a private jet.
Wednesday 23 March 2011
RETAIL giant Metro is stepping up investment in emerging markets and online after it beat 2010 profit forecasts and said it saw good growth this year, provided the economic recovery continues.
Wednesday 23 March 2011
FORTH PORTS agreed a deal to sell itself to its largest shareholder yesterday for £745m.
Wednesday 23 March 2011
INDIA’S biggest paper producer, Bilt Paper, is to list on the London Stock Exchange to raise $330m (£203m) to fund growth, it said yesterday.
Wednesday 23 March 2011
AND so Forth Ports, Britain’s last public ports company, is to be sold off, following in the footsteps of P&O, Associated British Ports, Mersey Docks and Harbour, and PD Ports.
Wednesday 23 March 2011
AERO-ENGINE maker Rolls-Royce yesterday won a $200m (£122m) order from Turkish Airlines for Trent 700 engines to power three Airbus A330 freighter aircraft.

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