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Monday 25 October 2010
MARK Tucker, the former chief executive of Prudential, has been awarded a performance-related bonus package worth £7.7m over the next two years in his new role as chief executive of Asian insurance business AIA.
Monday 25 October 2010
THE SINGAPORE Exchange (SGX) is this morning expected to confirm that it will pay around A$8.4bn (£5.26bn) for Australian rival ASX, in a move aimed at combating growing competition from newer trading systems.
Monday 25 October 2010
A MASSIVE shake-up of the pension system is set to award everyone the same amount – £140 a week.
Monday 25 October 2010
DESPITE talk of a flight to quality, received wisdom tells us that consumers should cut back on fripperies in hard times. Yet luxury firms of all hues are doing remarkably well.
Monday 25 October 2010
THE French luxury goods group behind Moet champagne, Hennessy spirits and Louis Vuitton leather goods is buying a €1.45bn (£1.3bn) stake in family controlled handbag maker Hermes, but it denied it was planning a full-blown takeover bid.
Monday 25 October 2010
A DUBAI court restarted a fraud trial against two former executives of Dubai Islamic Bank (DIB) yesterday having changed their status to government officials, making a stricter punishment more likely.
Monday 25 October 2010
HURRICANE Richard was yesterday threatening oil fields in Mexico as it wreaked havoc in Honduras and bore down on the nearby tiny Caribbean nation of Belize.
Monday 25 October 2010
FAST-growing green power provider Ener-G is mulling a stock market listing in order to fund further expansion, it emerged at the weekend.
Monday 25 October 2010
THE Co-operative Group is considering a potential sale of its £18bn life and pensions business, it emerged this weekend.
Monday 25 October 2010
RECENTLY-listed online grocery firm Ocado is set to begin delivering to homes in south-west England and south Wales from March, adding 1.5m extra households to its delivery capacity.
Monday 25 October 2010
ITALY’S Banco Popolare yesterday approved the launch of a capital increase of up to €2bn (£1.78bn) to boost its capital ratios, reimburse government-backed bonds, and to support lending.
Monday 25 October 2010
JAGUAR Land Rover, a unit of India’s Tata Motors, is in talks with a Chinese auto maker to set up a joint manufacturing and sales venture in China.
Monday 25 October 2010
THE NEW chief executive of oil giant BP will today use his first official speech in the UK to lay out his commitment to radically shake up the company’s safety and risk operations in the wake of the Gulf of Mexico spill.
Monday 25 October 2010
COMPANIES are losing patience with rising levels of taxation and regulation and many are plotting to move overseas with disastrous implications for the economy, the Confederation of British Industry will warn today.
Monday 25 October 2010
THE GOVERNMENT should take a more active role in the private sector, Ed Miliband will say today, as he warns against returning to “business as usual” in the wake of the slump.
Monday 25 October 2010
THE Prime Minister will today unveil plans to invest over £200m in a network of technology innovation centres (TICs), designed to help hi-tech firms access funding and expertise.
Monday 25 October 2010
SHOPPING centre One New Change opens its doors to customers on Thursday, though up to 30 per cent of the shops will not be ready for the launch.
Monday 25 October 2010
UNION umbrella body the Trades Union Congress (TUC) at the weekend warned that it will stage the “biggest and boldest” demonstration in its history next March, in protest at the scale of government spending cuts.
Monday 25 October 2010
Tribune Co, publisher of the Los Angeles Times and Chicago Tribune, has filed a reorganisation plan in a bankruptcy court that would turn control over to its principle creditors and aims to keep the media giant intact.
Monday 25 October 2010
Australian copper miner Equinox Minerals yesterday agreed to buy Citadel Resource Group, the Melbourne-based company developing Saudi Arabia’s biggest copper deposit, for around A$1.23bn (£774m).
Monday 25 October 2010
THE health of household finances and consumer confidence are in sharp decline, according to a survey released by research firm Markit today.
Monday 25 October 2010
At a time when many western economies are experiencing sluggish growth and painful fiscal readjustment, it is more important than ever that the UK strengthens ties with high growth markets to sustain and indeed accelerate our recovery.
Monday 25 October 2010
THE new homes market continued to outperform the general market in September despite an increase of almost 300 per cent in the number of homes coming to market, a study showed.
Monday 25 October 2010
HOWARD ARCHER | IHS GLOBAL INSIGHT
Monday 25 October 2010
The Indian government is likely to price state run Coal India’s initial public offering at 245 rupees (£3.51) per share, at the top end of the price range, four sources with direct knowledge of the matter said yesterday.
Monday 25 October 2010
Apple has said it will no longer ship Mac computers with Adobe Systems' Flash player pre-installed, as the company continues to erect barriers to the software.
Monday 25 October 2010
FORMER BP chief executive Lord Browne is to head up the newly-formed advisory board of boutique wealth manager Stanhope Capital, it emerged yesterday.
Monday 25 October 2010
SMALL businesses in London are leading the way in making money and creating jobs in the UK, a study showed.
Monday 25 October 2010
RIO Tinto boss Tom Albanese says he has the “utmost confidence” that Australia’s new government, led by Julia Gillard, will honour the spirit of the modified mining tax agreement it signed with Rio, BHP Billiton and Xstrata in July.
Monday 25 October 2010
Clifford Chance The law firm has appointed Thomas Vinje, pictured, and Oliver Bretz to take over the leadership of its global antitrust group.
Monday 25 October 2010
GOOGLE is to be reinvestigated by the Information Commissioner’s Office after admitting its “Street View” cars around the world accidentally collected more personal data than previously disclosed – including complete emails and passwords.
Monday 25 October 2010
SCHRODERS has sold around half its stake in oil and gas pipeline company Wellstream after it rejected a take over offer from US conglomerate GE of $1.2bn (£755m) earlier this month.
Monday 25 October 2010
THE Federal Deposit Insurance Corp (FDIC) said that US regulators have closed seven more banks, bringing the total number of bank collapses so far this year to 139.
Monday 25 October 2010
BURLINGTON Arcade, one of the world’s oldest shopping centres, has been sold to European real estate firm Meyer Bergman and US property tycoon Joseph Sitt for £104m, the pair said yesterday.
Monday 25 October 2010
So we’ve had the cuts, now it’s time for the growth. That’s the message at today’s annual CBI conference and it’s the right one.
Monday 25 October 2010
BSKYB
Monday 25 October 2010
A strike at French oil refineries over pension reform disrupted school holidays and sporting events over the weekend, with a quarter of petrol stations short of fuel and popular resorts likely to be particularly hard hit.
Monday 25 October 2010
As he saunters into his office in the City, Tim Howell, the chief executive of European settlement house Euroclear, looks cool and collected.
Monday 25 October 2010
BUSINESS FEATURES EDITOR
Friday 22 October 2010
Caterpillar has agreed to buy MWM Holding, the German maker of gas and diesel engines, from British private equity firm 3i Group for about $810m (£515m) in cash.
Friday 22 October 2010
Spanish infrastructure firm Ferrovial it plans to sell a ten per cent stake in airports operator BAA in order to finance new investments and pay off debt.
Friday 22 October 2010
Betfair has priced its initial public offering at 1,300 pence per share – valuing the company at £1.4bn
Friday 22 October 2010
BSkyB has posted strong first quarter profits after adding a better-than-expected 96,000 customers, due to strong demand for its broadband and telephone services.
Friday 22 October 2010
Subprime lender Provident Financial said it was expecting a "good result" for the year, since its core credit division had managed to shrug off the effects of the economic slump and was still growing.
Friday 22 October 2010
The Bank of England should start to raise interest rates from a record low of 0.5 per cent because Britain's economy and global conditions have improved, Bank policymaker Andrew Sentance has said.
Friday 22 October 2010
AIA, the Asian life insurance arm of American International Group Inc, raised $17.9 billion (£11.4bn) by pricing its Hong Kong IPO at the top of an indicated range, sources said, due to heavy demand for one of Asia's best known industry brand
Friday 22 October 2010
FORMER Cadbury chair Roger Carr yesterday called on the government to rethink its free-market stance on foreign takeovers, after the Takeover Panel recommended only modest reforms to UK rules.
Friday 22 October 2010
THE tax and benefit changes in George Osborne’s spending review will hurt families with children the most, the Institute for Fiscal Studies (IFS) said yesterday.
Friday 22 October 2010
Media magnate Rupert Murdoch last night called for Britain’s coalition government to press ahead with deep cuts in public spending, saying the financial crisis should not lead to an assault on economic liberalism.
Friday 22 October 2010
THERE is a simple reason why retail sales are beginning to fall, and it has very little to do with the Comprehensive Spending review.

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