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Thursday 08 July 2010
PRIMARK owner Associated British Foods said third quarter sales rose 13 per cent and expected very strong growth in annual earnings, driven by its fashion discount retailer.
Thursday 08 July 2010
HEDGE fund firm Man Group saw assets fall further over the past three months as investors continued to withdraw their money during a volatile period for markets.
Thursday 08 July 2010
BANKERS warned of a talent exodus from Europe yesterday after lawmakers in Strasbourg voted to enforce the world’s toughest regime on bonuses in the wake of the financial crisis.
Thursday 08 July 2010
Ocado’s £1.1bn float was dealt another blow yesterday when internet giant Amazon launched a competing grocery delivery business.
Thursday 08 July 2010
THE International Monetary Fund (IMF) has slashed growth expectations for the UK in its first economic outlook since May’s general election.
Thursday 08 July 2010
SO there you are. The European Parliament has just voted to locate the planned new EU agencies to regulate banks, markets and insurers in Frankfurt, in a massive blow to London.
Thursday 08 July 2010
THE European Commission (EC) hinted it could launch a formal anti-trust probe into Google’s internet search dominance yesterday, following three complaints from rivals in February.
Thursday 08 July 2010
Tesco, Britain’s largest supermarket chain, has raised £950m after agreeing a sale-and-leaseback arrangement for 41 of its stores. The company said the move was part of its long-term plan to “release value” from its UK real estate portfolio.
Thursday 08 July 2010
The US government has launched a criminal investigation into whether HSBC’s clients are dodging tax by putting their funds in undeclared deposit accounts in Singapore and India, following the successful prosecution of UBS in Switzerland last year.
Thursday 08 July 2010
FINANCIAL TIMES ENERGY-FOCUSED HEDGE FUNDS FEEL HEAT OF MARKET VOLATILITY
Thursday 08 July 2010
EUROPE listed 91 banks taking part in financial stress tests – including many regional banks where markets suspect most of the sore spots are – as it seeks to restore confidence.
Thursday 08 July 2010
The objective
Thursday 08 July 2010
ANGELA KNIGHT | BRITISH BANKERS’ ASSOCIATION
Thursday 08 July 2010
Q.WHAT IS THE LAW CALLED, AND WHAT ARE ITS KEY POINTS?
Thursday 08 July 2010
MARKS and Spencer’s new chief executive Marc Bolland yesterday warned that he was “very cautious” about the economic environment in the UK.
Thursday 08 July 2010
BP’S embattled chief executive Tony Hayward yesterday met with Abu Dhabi’s Crown Prince Mohammed bin Zayed Al Nahyan amidst suggestions the oil rich country could buy a stake as high as 10 per cent in the oil major.
Thursday 08 July 2010
RICHARD HUNTER | HARGREAVES LANSDOWN The increase in sales at the online unit provides further reassurance, and there are some faint signs that the company may be able to recapture some of its former glory.
Thursday 08 July 2010
MAGIC circle law firm Freshfields Bruckhaus Deringer has posted a double digit drop in revenue, marking the largest income fall reported by the elite UK legal group this year.
Thursday 08 July 2010
BUSINESSES paid almost $75bn (£49.3bn) for legal services last year, marking a fall from the previous year as clients tightened their spending.
Thursday 08 July 2010
ALLISTER HEATH | CITY A.M
Thursday 08 July 2010
INTEREST rates should remain on hold this month at 0.5 per cent to offset the impact of fiscal tightening, according to a majority of City A.M.’s Shadow MPC ahead of today’s annoucement by the Bank of England at midday.
Thursday 08 July 2010
Mortgage lending by British banks last year fell to the lowest net level since 2000 and bank robberies rose for the first time in seven years as the recession took its toll.
Thursday 08 July 2010
Germany’s government yesterday agreed on a four-year, €80bn (£66.6bn) austerity plan, committing the country to slashing its bloated budget deficit and shoring up chancellor Angela Merkel’s centre-right coalition.
Thursday 08 July 2010
CARLYLE Group is being sued by the liquidators of a failed mortgage-securities fund that was set up by the private equity group, a spokesman for the liquidators said.
Thursday 08 July 2010
ACTIVITY on the London Stock Exchange’s UK cash equity order book slumped in June, though the fall was offset by Europe’s sovereign debt crisis driving volatility and a heightened interest in bond trading.
Thursday 08 July 2010
SOUTH African bank Investec yesterday said it had brought in advisers to explore the possibility of hiving off the fund management division of Rensburg Sheppards, which it bought out fully at the end of March.
Thursday 08 July 2010
THE total costs associated with natural catastrophes in the first half of 2010 were $70bn (£46bn), more than the average over the past 10 years and more than for the whole of 2009, according to Munich Re.
Thursday 08 July 2010
FUND management group Henderson has transferred its international property fund over to Aviva Investors following a strategic review of the fund’s prospects.
Thursday 08 July 2010
PRIVATE equity giant 3i yesterday said its portfolio of investments had turned the corner and that the outlook for new deals was looking more positive.
Thursday 08 July 2010
BARONESS Hogg, 3i’s chairman, is ending her eight-and-a-half year stint on a high note. It’s been a rocky ride: staggering growth in the early part of her tenure was tempered by a plummeting share price in the face of the financial crisis.
Thursday 08 July 2010
DEVELOPERS Heron International yesterday appointed Sir Robert McAlpine as the main contractor on the Heron, its residential development in the City of London.
Thursday 08 July 2010
HOLDERS of $1bn (£659m) of securities issued by a Washington Mutual entity have sued to void an eve-of-bankruptcy exchange of their investment, a complaint filled with claims of fraud and secret agreements says.
Thursday 08 July 2010
MANAGEMENT consultancy firms Booz & Company and AT Kearney have called time on discussions over a merger, a move that would have created the world’s third-largest powerhouse in global consulting.
Thursday 08 July 2010
ASSET management and custody firm State Street said yesterday that quarterly operating earnings would easily top Wall Street forecasts, sending its shares up nearly 10 per cent and boosting the broader market.
Thursday 08 July 2010
XSTRATA has approved a £1bn expansion of its copper mine in southern Peru, which will boost the firm’s output and extend the life of the mine by 20 years.
Thursday 08 July 2010
DAVID Cameron will today announce an end to Whitehall targets, promising to replace them with a new structure that makes ministers more accountable to voters.
Thursday 08 July 2010
PACKAGING and office products company DS Smith has extended its reach in Europe with the purchase of Otor from private equity group Carlyle.
Thursday 08 July 2010
JONATHAN Ross has agreed to front a new chat show with ITV1 to be shown next year. He said he was “thrilled and excited” to be producing the “brand new” show. The financial details of the one-year deal were not disclosed.
Thursday 08 July 2010
LABOUR is gearing up to oppose Rupert Murdoch’s proposed £12bn takeover of satellite broadcaster BSkyB.
Thursday 08 July 2010
THE Queen’s bank Coutts has withdrawn free banking to customers with less than £250,000 in their accounts.
Thursday 08 July 2010
JIM BAND ROBERTSON CAPITAL
Thursday 08 July 2010
WILLIE WALSH, British Airways (BA) chief executive, has vowed the airline will not lose money if there is a third strike by cabin crew after guaranteeing that 100 per cent of flights will be in operation.
Thursday 08 July 2010
ICBC, the world’s most valuable lender, aims to tap investors for up to $6.6bn, sources said, a day after Agricultural Bank of China priced the world’s largest IPO.
Thursday 08 July 2010
AIR FRANCE KLM saw a steady rise in June passenger numbers, surpassing Irish rival Aer Lingus which reported a fall in traffic during the same period.
Thursday 08 July 2010
SHARES in the UK’s largest greeting card company Clinton Cards dropped more than seven per cent yesterday on news the retailer had issued a profit warning for the current financial year.
Thursday 08 July 2010
GENERAL Motors (GM) said yesterday it has agreed to sell its Nexteer Automotive unit to a group backed by the Beijing government to focus on its core car-making business.
Thursday 08 July 2010
aPHOTO booth firm Photo-Me International has swung into profit, despite previous losses and a £500,000 Financial Services Authority (FSA) fine.
Thursday 08 July 2010
BUILDING and support services group Carillion said it expected an increase in earnings in 2010 due to a strong order book and more government outsourcing, despite challenging market conditions.
Thursday 08 July 2010
CAR dealership Lookers is on course for record half-year results with the recent recession boosting demand for new and used cars, the firm said yesterday.
Thursday 08 July 2010
FRENCH carmaker PSA Peugeot Citroen posted a 16.9 per cent rise in first-half sales yesterday, helped by new models such as the DS3, C3 Picasso and RCZ coupe and strong growth in China.

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