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Wednesday 02 February 2011
BANK of America Merrill Lynch has poached Peter Bell, a star investment banker, from Nomura.
Wednesday 02 February 2011
GUY Hands had barely surrendered control of EMI to Citigroup last night before speculation started over who its next owner might be.
Wednesday 02 February 2011
BP POSTED its first annual loss in almost 20 years yesterday, but granted a dividend to shareholders as it attempts to move on from last April’s Gulf of Mexico disaster.
Wednesday 02 February 2011
STUART JOYNER | INVESTEC
Wednesday 02 February 2011
VENTURE capitalist Jon Moulton has bought parts of collapsed housing repair group Connaught, as administrator KPMG nears the end of dismantling the firm.
Wednesday 02 February 2011
BP REVEALED yesterday that it plans to sell off half its US refinery business, including the Texas City refinery that was the site of an explosion in 2005 that killed 15 workers.
Wednesday 02 February 2011
EGYPTIAN President Hosni Mubarak finally bowed to massive collective pressure yesterday, saying he would step down at the September election, once a successor is elected.
Wednesday 02 February 2011
OVER-ZEALOUS disclosure requirements for short-sellers are driving trades away from Europe and eroding liquidity, according to a report by Oliver Wyman commissioned by the Alternative Investment Management Association (AIMA), a hedge fund industry
Wednesday 02 February 2011
AS civil unrest spread to Jordan yesterday, markets reacted to the news that a change of government could affect the country’s zero per cent export tax – and the companies that rely on it.
Wednesday 02 February 2011
SHARES in British chip manufacturer ARM Holdings, the firm behind Apple’s iPad, rose following a 72 per cent increase in full-year profits, despite warnings of a dot com bubble from analysts.
Wednesday 02 February 2011
SOFTWARE specialist Autonomy’s shares gained more than six per cent to close at 1,590p yesterday after it reported record profits and revenues for 2010.
Wednesday 02 February 2011
DR MIKE Lynch, 45, began working on the mathematics behind Autonomy’s software in the early 1990s, when he was writing his post-doctoral thesis at Cambridge University.
Wednesday 02 February 2011
IT is hard to find fault with ARM’s results, which beat expectations on just about every count. Revenues of $180m (£112m) were nine per cent ahead of consensus; ebit margins of 41.1 per cent were higher than the expected 39.4 per cent; and adjust
Wednesday 02 February 2011
Tate & Lyle expects to make progress for its full-year after seeing broadly similar margins, having fixed prices for its 2011 North American pricing round for its corn sweeteners and starches.
Wednesday 02 February 2011
British online gaming firm Sportingbet said yesterday that amounts wagered in the first half of the year were up 11 per cent on strong trading, especially in Australia and emerging markets.
Wednesday 02 February 2011
Northumbrian Water Group said trading in the second half had been in line with estimates, putting it on track for a “sound” performance for the year to March 2011.
Wednesday 02 February 2011
ONLINE grocery delivery company Ocado yesterday said its losses had narrowed in 2010 – after it weathered the storm following a controversial stock market float. The internet retailer halved its pre-tax loss to £12.2m.
Wednesday 02 February 2011
SHARES in Walker Greenbank rose 5.7 per cent after the wallpaper and fabrics maker said yesterday it expects full-year profit to beat market expectations, helped by a strong performance across all its brands.
Wednesday 02 February 2011
CARPETRIGHT, the UK’s biggest floor coverings retailer, yesterday warned on profits after a third-quarter sales slump, showing how a weak housing market, tax hikes and government cuts have hit consumer confidence.
Wednesday 02 February 2011
AN extraordinary insider dealing case that took investigators from the windswept towers of Canary Wharf to the sun-kissed tropics of Mayotte is expected to end today with jail terms for each of the three suspects.
Wednesday 02 February 2011
MANUFACTURING around the world surged powerfully ahead last month, but inflationary pressures also picked up speed heightening fears that central banks would be forced to begin hiking interest rates.
Wednesday 02 February 2011
HOUSE prices and mortgage approvals both fell in the first month of 2011 sparking fears of a sluggish year for the property market, according to closely watched data published yesterday.
Wednesday 02 February 2011
DRUGMAKER Pfizer plans to close a plant in Kent where 2,400 of its research and development team are based, as part of a move to cut its research budget by £1.2bn a year.
Wednesday 02 February 2011
CHRIS PEREGRINE | COLT “No I think it only applies to high earners. It’s right that the rich should pay more, although it’s not the answer to everything. I would be very surprised if it changes this year.”
Wednesday 02 February 2011
PARCEL delivery firm UPS surprised markets by delivering almost a 50 per cent jump in its 2010 operating profit yesterday.
Wednesday 02 February 2011
US car sales jumped by about 18 per cent in January, led by gains for General Motors and Chrysler as the two Detroit carmakers restructured by the US government took share from rivals.
Wednesday 02 February 2011
UK money supply figures for December, released yesterday by the Bank of England, suggest moderate economic expansion during the first half of 2011.
Wednesday 02 February 2011
The proportion of people saying they “have no spare cash” has risen to 27 per cent, according to the latest consumer confidence survey, released today.
Wednesday 02 February 2011
US construction spending fell 2.5 per cent in December, marking the second decline in a row, the Commerce Department reported yesterday. For all of last year, construction spending ended up 10.3 per cent lower compared to 2009.
Wednesday 02 February 2011
FOR seven months Andrew Sentance stood alone, the only Bank of England rate-setter brave enough to call out for a gradual rise in rates.
Wednesday 02 February 2011
MINER Xstrata said coal production fell six per cent in 2010 with thermal coal output affected by severe weather in the first quarter and in December.
Wednesday 02 February 2011
FOLLOWING last week’s sexism scandal that saw Andy Gray and Richard Keys leave Sky Sports we’ve taken a look at how the controversy has impacted on perceptions of their former employer’s brand.
Wednesday 02 February 2011
-THE Financial Services Authority (FSA) yesterday said its funding requirement – which is paid for by the City firms it regulates – would increase to £505.5m in 2011-12, up from £454.7m in 2010-11.
Wednesday 02 February 2011
COCA-COLA has made its first ‘billion dollar brand’ from a product developed and launched in an emerging market.
Wednesday 02 February 2011
Steelmaker ArcelorMittal and miner Vale are among 15 groups that applied to take part in the bidding to develop Mongolia’s Tavan Tolgoi coal mine.
Wednesday 02 February 2011
Daiwa Securities yesterday reported its first profit in four quarters as a rebound in Japanese share prices lifted fees from stock trading.
Wednesday 02 February 2011
Asian automakers got off to a strong start for 2011 with robust January sales as they gear up for the sector’s broad recovery.
Wednesday 02 February 2011
COMMODITY stocks and banks helped drive Britain’s top share index to a higher close yesterday, as investors shifted their focus from political unrest in Egypt to upbeat US economic data.
Wednesday 02 February 2011
THE Dow and S&P 500 closed at their highest levels since June 2008 yesterday and looked poised for more gains after strong earnings and signs of a surge in US manufacturing.
Wednesday 02 February 2011
BETFAIR
Wednesday 02 February 2011
Financial Risk Management
Tuesday 01 February 2011
Iconic recording company EMI has been taken over by Citigroup, the US bank that provided £3.4bn of debt to the company.
Tuesday 01 February 2011
United Parcel Service, the world's largest package delivery company, has reported a quarterly profit that beat estimates and forecast record-high profits in 2011.
Tuesday 01 February 2011
The US manufacturing sector grew at its fastest pace in nearly seven years in January, in the latest sign the economic recovery is gaining traction.
Tuesday 01 February 2011
The US manufacturing sector grew at its fastest pace in nearly seven years in January, in the latest sign the economic recovery is gaining traction.
Tuesday 01 February 2011
Manufacturing activity grew in January at its fastest pace since records began in 1992, and factory costs also surged, in a further sign that price pressures are building in the economy, a survey showed.
Tuesday 01 February 2011
House prices dipped by 0.1 per cent in January survey from the Nationwide building society. It meant the average UK home cost just over £161,600. The Nationwide forecast that house prices would stay static during 2011.
Tuesday 01 February 2011
BP has reported a loss of $4.9bn (£3.1bn) for 2010 even after the cost of the Gulf of Mexico spill was taken into account. The replacement cost loss comes after $40.9bn was set aside to pay for the aftermath of the disaster.
Tuesday 01 February 2011
Online grocer Ocado made its first pre-tax profit in its fourth quarter, ahead of expectations, and said it was continuing to see strong sales growth at the start of its new financial year.
Tuesday 01 February 2011
Chip designer ARM beat expectations with a 47 per cent rise in fourth-quarter profit on , helped by booming growth in smartphones and tablet computers, and said it was well placed for 2011.

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