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Monday 05 July 2010
The junior market lost 15 members last month, with only Macau Property Opportunities Fund promoted to the official list.
Monday 05 July 2010
THE government yesterday tried to soothe fears over the biggest spending cuts in a generation, after the chancellor asked departments to draw up plans to slash their budgets by a staggering 40 per cent.
Monday 05 July 2010
TRANSPORT Secretary Philip Hammond was reported last night to have held discussions with Mayor of London Boris Johnson about ways the coalition government may be able to avert a winter of discontent.
Monday 05 July 2010
CIVIL service “golden goodbyes” would be cut drastically in the government’s latest plan to axe spending.
Monday 05 July 2010
A STRONG set of first-quarter figures from retail bellwether Marks and Spencer this week looks set to be overshadowed by animosity at the firm’s annual shareholder meeting, with investors set to clash with executives over the eternally thorny issu
Monday 05 July 2010
FITTINGLY for a general retailer, Marks and Spencer’s first quarter results on Wednesday will be something of a mixed bag.
Monday 05 July 2010
FRENCH finance minister Christine Lagarde confirmed yesterday that the results of stress tests on European banks will be published on 23 July, in an attempt to boost confidence in the sector’s ability to weather further economic and regulatory sho
Monday 05 July 2010
ROYAL Bank of Scotland aims to put the conditions in place for the government to start selling its 83 per cent stake in the bank next year, chief executive Stephen Hester revealed at the weekend.
Monday 05 July 2010
EUROPEAN Central Bank president Jean-Claude Trichet yesterday moved to quell concerns that Europe is facing another period of recession and renewed his support for reforms and deficit cuts to boost confidence.
Monday 05 July 2010
CONFIDENCE among City finance chiefs began to wane again over the second quarter of the year as market volatility, global fiscal tightening measures and the sovereign debt crisis weighed heavily on sentiment.
Monday 05 July 2010
MARKET experts at the weekend issued dire warnings of a further downward trend in the FTSE, which was hammered last week on the back of a slew of weak economic data and continuing worries over fiscal tightening and the eurozone debt crisis.
Monday 05 July 2010
GOLDMAN Sachs chief economist Jim O’Neill has waded into the debate over the depth and breadth of austerity measures being implemented across the globe, warning large nations cutting back simultaneously could derail the recovery.
Monday 05 July 2010
A RAFT of Chinese and Middle Eastern bidders are looking at taking up a stake in BP as the oil major attempts to find investors ahead of a possible hostile takeover by a rival oil company.
Monday 05 July 2010
LONDONERS may be able to enjoy panoramic views of the capital while traversing the Thames at over 50 metres above ground level, if Boris Johnson’s latest travel plans come to fruition.
Monday 05 July 2010
THE SALE of London’s first skyscraper came a step closer to completion yesterday after it emerged that Chinese Estates Group had entered exclusive discussions to buy Tower 42.
Monday 05 July 2010
Protection teams for former Prime Minister Tony Blair cost the taxpayer £250,000 in expenses.
Monday 05 July 2010
Richard Branson’s Virgin Money is said to have made an informal approach for the British branches of the beleaguered Allied Irish Bank.
Monday 05 July 2010
Airbus has held talks with 36 countries that are interested in buying the A400M military transport plane.
Monday 05 July 2010
Baroness Vadera is set to join Singaporean sovereign wealth fund Temasek. Vadera, Gordon Brown’s closest economic policy adviser, is reportedly wanted for her financial and geopolitical expertise.
Monday 05 July 2010
OCADO will this morning unveil the prospectus for its ambitious initial public offering, which it hopes will value the firm at more than £1bn.
Monday 05 July 2010
THE INSTITUTIONAL Shareholders Committee (ISC) has launched a consultation for its formal inquiry into rights issue fees, which it said would be complementary to a similar investigation announced by the Office of Fair Trading (OFT) last month.
Monday 05 July 2010
MARK Thompson, the director general of the BBC, fired a warning shot to the government and the BBC Trust yesterday, insisting it would be “damaging and destructive” to publish the salaries of the corporation’s top stars.
Monday 05 July 2010
THE International Monetary Fund (IMF) is set to grant Ukraine $14.9bn (£12.3bn) to stabilise its ailing economy.
Monday 05 July 2010
LUXURY carmaker Aston Martin is considering a joint venture with another manufacturer or an initial public offering (IPO) to boost its brand’s range and and technology.
Monday 05 July 2010
US billionaire Warren Buffett has pledged to give away 99 per cent of his wealth – around $1.93bn (£1.27bn) in shares of his company Berkshire Hathaway – to five charitable groups, financial filings showed.
Monday 05 July 2010
MEDIUM-SIZED companies could be major drivers of the UK economy but some are being hampered by the political and regulatory environment, according to a report published today by Ernst & Young.
Monday 05 July 2010
FISH finger maker Birds Eye Iglo is set to go head to head with crispy pancake makers Findus Group in the final round of bidding for Unilever’s Italian frozen food arm.
Monday 05 July 2010
TENSIONS are growing within the Bank of England’s Monetary Policy Committee (MPC) but they are not yet sufficient to cause a hike in interest rates from the current level of 0.5 per cent, economists say.
Monday 05 July 2010
MICHAEL SAUNDERS | CITIGROUP
Monday 05 July 2010
BLACKSTONE-BACKED restaurant owner Tragus is eyeing a takeover bid for industry rival Paramount Restaurants. The Cafe Rouge, Bella Italia and Strada owner is in discussions over a bid for Paramount that could value the firm at £50m.
Monday 05 July 2010
AS WE enter the first full trading week of the second half of the year, the markets remain in a foul mood. Bad news suggesting that the economic recovery has stalled invariably leads to daily sell offs while good news is ignored.
Monday 05 July 2010
CHINA’S yuan could rank with the dollar and euro as a pillar of the global monetary system, Hong Kong’s former monetary authority chief Joseph Yam said.
Monday 05 July 2010
THE firm created by billionaire businessman Alexander Lebedev to acquire the Evening Standard racked up losses of £28.3m in its first 10 months.
Monday 05 July 2010
Nokia is committed to get back the topposition in smartphones and plans to use no other software than Symbian and Linux MeeGo, head of its mobile solutions unit has said.
Monday 05 July 2010
Gresham Private Equity yesterday announced OJK, part of Gresham backed James Grant Group (JGG), has acquired Addis, a Stockport based accountancy practice. Terms of the deal have not been disclosed.
Monday 05 July 2010
ADVENT International has launched an £800m bid for struggling care-home operator Four Seasons Healthcare.
Monday 05 July 2010
LIFE insurer Equitable Life said yesterday it has appointed US investment house BlackRock to provide investment and risk management services for its 400,000 policyholders.
Monday 05 July 2010
AMLIN
Monday 05 July 2010
Grant Thornton The business advisory firm has appointed Craig Kemsley as tax partner and head of its London private client department.
Monday 05 July 2010
Apple has come clean about an embarrassing software glitch that overstates network signal strength in its hot-selling iPhone, as complaints mounted about the phone's wraparound antenna.
Monday 05 July 2010
Roma football club could find itself under the ownership of UniCredit as its majority stakeholder faces the prospect of bankruptcy.
Monday 05 July 2010
German advertising group Stroeer is aiming to list on the stock market on July 15 in what would be the country's first IPO since Greece's debt crisis spooked financial markets.
Monday 05 July 2010
GOLDMAN Sach’s private equity wing is close to completing the purchase of nappy-manufacturer Ontex in partnership with American buy-out house TPG for more than €1.2bn (£990m), reports the Sunday Telegraph.
Monday 05 July 2010
THE ENGLISH team may be out of the 2010 World Cup in South Africa, but there is no question that, when it comes to finance, we are in the premier league.
Monday 05 July 2010
The latest "Twilight" movie sailed past the $100m ( £65.8m) mark during its third day at the North American box office, and was forecast to approach a record-breaking $200m by the end of the US Independence Day holiday weekend, according
Monday 05 July 2010
US president Barack Obama, under pressure to spur job growth, said two solar energy companies will get nearly $2bn (£1.3bn) in US loan guarantees to create as many as 5,000 green jobs.
Monday 05 July 2010
WITH a tan topped up over the weekend by a stay on a Greek island and his TV don’s hair – which looks like a tame version of Melvyn Bragg’s – a crisp white shirt, relaxed manner and a gentle Scottish accent, Niall Ferguson is without doubt a smoot
Friday 02 July 2010
BANK of China plans to raise up to 60bn yuan (£5.7bn) through a rights offer, it said. The bank proposed that shareholders get up to 1.1 rights per 10 shares held, it revealed in a statement.
Friday 02 July 2010
THE US lost 125,000 jobs last month, official figures have shown. It was the first time jobs were lost on a month-on-month basis this year.
Friday 02 July 2010
EUROZONE unemployment held stable in May at ten per cent, compared with the downwardly revised figure in April in the first sign of an improving labour market thanks to economic recovery.

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