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Thursday 03 March 2011
PORTUGAL managed to sell off €1bn (£850m) worth of debt at a short-dated bond auction yesterday, with one-year yields rising to 4.06 per cent from 3.99 per cent for similarly dated bonds at its last sale.
Thursday 03 March 2011
THE GREEN light has been given for a fleet of new high-speed trains to be built to serve routes to London.
Thursday 03 March 2011
CHANCELLOR Angela Merkel wasted no time filling the defence ministry post vacated by Karl-Theodor zu Guttenberg, her loyalist Cabinet member who resigned on Tuesday following accusations that he plagiarised his doctoral thesis.
Thursday 03 March 2011
PROFITS at motor and home insurer Admiral jumped almost a quarter in 2010 but investors shied away yesterday over fears its growth may not be sustainable.
Thursday 03 March 2011
COMMERCIAL insurer Amlin saw earthquake losses cut its 2010 profit by almost half but cheered the market with a dividend hike and £75m share buyback yesterday.
Thursday 03 March 2011
REINSURANCE giant Swiss Re faces an estimated $800m (£491m) in claims from the earthquake that devastated Christchurch, New Zealand, last week, it said yesterday.
Thursday 03 March 2011
The US Congress has passed a bill extending funding for the federal government by two weeks, staving off a possible government shutdown.
Thursday 03 March 2011
European Union banking regulators agreed to begin so-called stress tests on the region’s banks yesterday but said that details of how the tests will work are still being discussed.
Thursday 03 March 2011
SHAREHOLDER groups yesterday criticised Gartmore’s decision to pay its departing chief executive over £5m despite the firm’s share price more than halving during his tenure.
Thursday 03 March 2011
International Personal Finance, the emerging markets lender, expects to make further progress this year after growth in its main markets propelled a sharp rise in 2010 profits.
Thursday 03 March 2011
IRISH Life and Permanent Group Holdings reported an operating loss of €197m (£167m) for 2010, in line with the previous year.
Thursday 03 March 2011
IS London too successful for its own good?” What a thought! Like the Mayor, I have always believed it possible to have your cake and eat it.
Thursday 03 March 2011
DISNEY’S Gnomeo & Juliet has reclaimed its position at the top of the UK box office chart after taking £2.5m between Friday and Sunday (25 February to 28 February).
Thursday 03 March 2011
Nonwoven fabrics manufacturer Fiberweb yesterday launched a rights issue to raise £25.4m gross to help it to finance acquisitions.
Thursday 03 March 2011
Recruiter Robert Walters posted a rebound in 2010 pre-tax profit, fuelled by its Asia-Pacific arm, and said its outlook for 2011 was broadly positive.
Thursday 03 March 2011
ITV chief executive Adam Crozier was yesterday riding the crest of the advertising wave as his firm trebled its pre-tax profits to £321m.
Thursday 03 March 2011
LORNA TILBIAN | NUMIS
Thursday 03 March 2011
Yahoo could soon sell its Japanese joint venture to free up as much as $8bn (£4.9bn) to fight Google and Facebook in its core markets.
Thursday 03 March 2011
WHITBREAD yesterday reported slowing sales growth at its Premier Inn chain and warned over tough times for consumers.
Thursday 03 March 2011
COFFEE Nation’s chief executive Scott Martin and his team will be sharing an estimated £11.9m pot after Whitbread yesterday announced that it had paid £59.5m in cash for the company.
Thursday 03 March 2011
STARBUCKS is unveiling a range of new filter coffees in the UK following the success of its “flat white”. The coffee giant’s Starbucks Reserve is being touted as its smoothest brew ever.
Thursday 03 March 2011
ADIDAS, which sponsors British tennis player Andy Murray, yesterday posted record sales and raised its 2011 sales goal as buyers in emerging markets such as China buoyed its figures. The group reported yearly sales of €11.99bn (£10.2bn).
Thursday 03 March 2011
Lottery firm Camelot received a body blow yesterday when it was told it will not be allowed to use its terminals to sell other services such as bill payments or mobile phone top ups.
Thursday 03 March 2011
Investment bank Evans Randall has sold 60 Gracechurch Street, home of insurance firm Allianz, to German investor KGAL after owning it for just over three years.
Thursday 03 March 2011
Fashionable streetwear brand Fenchurch International went into administration last week, blaming the rising cost of cotton and higher labour costs. RSM Tenon has been appointed as the administrator.
Thursday 03 March 2011
ADIDAS, which sponsors British tennis player Andy Murray, yesterday posted record sales and raised its 2011 sales goal as buyers in emerging markets such as China buoyed its figures. The group reported yearly sales of €11.99bn (£10.2bn).
Thursday 03 March 2011
GROWTH in UK construction hit an eight-month high in February, as the sector bounced back from a snow-affected winter.
Thursday 03 March 2011
LONDON is set to buck the trend of Britain’s housing slump, according to Hometrack’s latest national housing survey, released today.
Thursday 03 March 2011
US ECONOMIC activity kept slowly gaining strength as 2011 opened and manufacturers and retailers were having some success in pushing their prices up, the Federal Reserve said yesterday.
Thursday 03 March 2011
FEDERAL Reserve chairman Ben Bernanke urged Congress to “lay out a [fiscal] plan that will be credible” for the US, yesterday.
Thursday 03 March 2011
Save or Borrow peer to peer at RateSetter.com HARRY DUNNE | INSURANCE BROKER “There's no point in saving money. Interest rates are not appealing at the minute and the best thing you can do is pay off your mortgage.”
Thursday 03 March 2011
The euro shot up against the dollar yesterday on the back of producer prices in the Eurozone rising even higher than expected, up 1.5 per cent in January, compared to December.
Thursday 03 March 2011
The National Bank of Poland kept its benchmark 3.75 per cent interest rate unchanged yesterday, triggering a weakening of the zloty down to 3.9706 zlotys to the euro.
Thursday 03 March 2011
The cost of renting is 10.5 per cent more on average than buying a house with a mortgage at five per cent per annum, according to property website Zoopla.co.uk.
Thursday 03 March 2011
Barclays Capital has revised down its forecast for UK growth in 2011, it revealed yesterday.
Thursday 03 March 2011
US POWER firm PPL is buying German utility E.ON’s UK power networks for £3.5bn in cash to create one of the largest electricity distributors in the country, the firm announced yesterday.
Thursday 03 March 2011
OUTSOURCING group Serco posted a 21 per cent rise in full-year profit yesterday, helped by strong revenue growth in the Americas, as the firm insisted that UK government spending cuts will not damage the firm.
Thursday 03 March 2011
INTERNATIONAL Power (IP), the producer majority owned by French utility GDF Suez, yesterday posted yearly profit slightly above market expectations, with growth in the Middle East offsetting slowing sales in the UK and US.
Thursday 03 March 2011
THE DOMINANCE of the US and Canada in the mining M&A market is not yet being challenged by Chinese competitors, according to figures out yesterday.
Thursday 03 March 2011
STUDENT housing provider Unite Group said yesterday cuts to university places will mean tenant growth is likely to remain flat over the next five years, forcing the firm to raise rents to drive growth.
Thursday 03 March 2011
LONDON-focused developer Capital & Counties issued a cautiously positive outlook for its prospects in 2011 and 2012, after posting a rise in net asset value (NAV) in its maiden results.
Thursday 03 March 2011
BG Group reported another success in Brazil yesterday after its Iara Horst well struck good quality oil in a thick reservoir section.
Thursday 03 March 2011
Building and support services firm Carillion reported full-year profit at the top end of forecasts, although expectations of tough trading conditions helped send its shares down 4.4 per cent to 357.4p yesterday.
Thursday 03 March 2011
BBA Aviation, which handles refuelling and ground handling at airports, is splashing out a total of nearly £45m on two acquisitions, financed via a share issue, that will take it into new aircraft markets and expand its geographic presence.
Thursday 03 March 2011
Kinsey Allen International
Thursday 03 March 2011
ASSOCIATED BRITISH FOODS
Thursday 03 March 2011
RALLYING banks boosted by results from Standard Chartered helped Britain’s top share index pare losses yesterday, but the index still closed lower as geopolitical concerns continued to dog sentiment.
Thursday 03 March 2011
US stocks eked out gains yesterday despite another rise in oil prices as investors bet the latest data signaled the economy could absorb expected higher energy costs.
Wednesday 02 March 2011
The FTSE slumped below the 5,900 mark this morning on continued Middle East unrest fears, but recovered ground after a boost to Wall St.
Wednesday 02 March 2011
Large broker-dealers and investment advisers are to face new restrictions on incentive-based compensation under a proposal floated by US securities regulators.

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