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Thursday 27 January 2011
WH SMITH said yesterday a drop in sales over Christmas had been offset by a rise in profit margins. Sales in the two months to 22 January dropped four per cent at the newspaper, stationery and book chain.
Thursday 27 January 2011
Soft drinks group AG Barr forecast like-for-like sales growth of around ten per cent for the full-year, helped by strong demand for its Irn-Bru and Rubicon drinks.
Thursday 27 January 2011
COFFEE giant Starbucks posted a 35 per cent rise in operating income yesterday, which nevertheless fell short of analyst forecasts for the full-year as the rising cost of coffee continued to dent margins.
Thursday 27 January 2011
THE UNITED States has granted shareholders a say on executive pay as part of efforts to scrutinise corporate America in the wake of the financial crisis.
Thursday 27 January 2011
US Airplane maker Boeing weighed on the Dow index yesterday after it offered a weaker-than-expected 2011 earnings outlook due to higher pension costs and fewer than expected plan deliveries.
Thursday 27 January 2011
GOOGLE, Yahoo, Amazon, eBay and Facebook. What do they have in common?
Thursday 27 January 2011
CITY veteran John Gunn (pictured) said yesterday he hoped his near £3m investment in Aim group Rotala would come good at some point and result in a tidy nest egg for his family.
Thursday 27 January 2011
RUSSIAN President Dmitry Medvedev launched an audacious bid to lure financial services to Moscow in his speech at the World Economic Forum at Davos last night, promising minimal regulation and support for risk-taking.
Thursday 27 January 2011
GROUP CHIEF EXECUTIVE, AVIVA
Thursday 27 January 2011
CHINESE inflation is structural and risks derailing the global economic recovery, according to a quarterly inflation report by business consultancy McKinsey.
Thursday 27 January 2011
AN educational skills gap is one of the main causes of western unemployment, according to chief executives and delegates at the World Economic Forum in Davos yesterday.
Thursday 27 January 2011
STANDARD Chartered chief executive Peter Sands yesterday warned global economic growth was under threat of being “stifled” by over-regulation of the finance sector.
Thursday 27 January 2011
THE Lloyd’s of London insurance market expects to pay £300m to implement stringent new capital requirement rules for insurers, its chairman Lord Levene (pictured) said yesterday.
Thursday 27 January 2011
DAVOS DIVAS
Thursday 27 January 2011
BRITAIN must stick to its deficit reduction plan, the head of the Organisation for Economic Co-operation and Development (OECD) said yesterday, speaking from Davos.
Thursday 27 January 2011
A QUOTA imposed on top companies at Davos insisting that one of their five delegates is female has made a minimal impact so far, mirroring slow boardroom progress on diversity.
Thursday 27 January 2011
DAVOS: THURSDAY 27 JAN French President Nicolas Sarkozy will give the opening address in the Congress Centre. 7.30am in the Belvedere Hotel: BCG-CII breakfast session, with BCG CEO Paul Buerkner speaking.
Thursday 27 January 2011
BARCLAYS has been handed its second fine in two weeks by Britain’s financial watchdog, after it was found to have breached rules on handling clients’ money.
Thursday 27 January 2011
SPORTS retailer JJB was fined nearly £500,000 yesterday for failing to give investors the full picture about two acquisitions.
Thursday 27 January 2011
THE US accounting regulator has relaxed its fair-value proposals, meaning that banks will be allowed to continue valuing their loans at adjusted historical costs rather than using mark-to-market principles.
Thursday 27 January 2011
FOR seven straight months Andrew Sentance stood alone in the Bank of England’s rate setting committee – the only member proposing an increase in the Bank’s lending rate.
Thursday 27 January 2011
GRADUATES were hit with an unemployment rate of 20 per cent in the third quarter of 2010, official data showed yesterday.
Thursday 27 January 2011
NEW home sales rocketed by 17.5 per cent in December, compared to November, data showed yesterday. The rise meant that 329,000 one family homes were sold in the 12 months to December.
Thursday 27 January 2011
LENDING remained sluggish in December, while approvals for mortgages dropped to their lowest rate since January 2009, the British Bankers’ Association said yesterday.
Thursday 27 January 2011
JAIMIE FERNANDEZ | LDN UNDERWRITING “Yes. It probably should happen but I wouldn’t want them to. They perhaps need to go up to get us back into a good position.”
Thursday 27 January 2011
LLOYD’S insurer Hiscox was yesterday the latest company to warn that insurance claims from the UK’s snowy winter are on the rise.
Thursday 27 January 2011
HERITAGE OIL revealed yesterday that its Miran oil field in Iraq turns out to be mostly filled with natural gas.
Thursday 27 January 2011
“THERE’S a whole ocean of oil under our feet! No one can get at it except for me!” So screams Daniel Day Lewis as Plainview in Paul Thomas Anderson’s film There Will be Blood.
Thursday 27 January 2011
Shares in BG Group rose nearly four per cent yesterday after the explorer announced a discovery of light oil in Carioca area, offshore Brazil, with Evolution Securities upbeat on hopes of future production upgrades.
Thursday 27 January 2011
ConocoPhillips, the third-largest US oil company, reported a 54 per cent increase in quarterly profit yesterday as proceeds from asset sales and higher crude prices and refining margins boosted results.
Thursday 27 January 2011
Oil and gas explorer Circle Oil said it made another gas discovery in its key Sebou Permit, marking its second successive discovery in Morocco this month.
Thursday 27 January 2011
Accountancy software firm Sage Group said yesterday a recovery in spending by small businesses had continued in its first quarter, helping it to hit its forecasts for the period.
Thursday 27 January 2011
Brewin Dolphin has been slapped with a £6m bill from the Financial Services Compensation Scheme (FSCS) as part of an industry-wide burden that will hit bonuses and could even put some smaller brokers out of business.
Thursday 27 January 2011
AIM listed fund management group MAM Funds is set to raise up to £20m by placing more than 60m new shares.
Thursday 27 January 2011
JULIAN YATES | INVESTEC
Thursday 27 January 2011
ARM
Thursday 27 January 2011
TOYOTA, the world’s top automaker and Japan’s second largest company by market capitalisation, said it would recall more than 1.7m vehicles worldwide, bringing its total for recalls to nearly 16m since late 2009 and dealing a blow to its efforts t
Thursday 27 January 2011
SWISS engineering group ABB expects to report double-digit net income growth after winning a large number of power infrastructure orders in Europe and the Middle East in the fourth quarter of 2010.
Thursday 27 January 2011
Innovate Legal
Thursday 27 January 2011
Dutch telecoms company KPN reported a marginally lower-than-expected rise in profits yesterday but announced a further €1bn (£860m) share buyback plan as expected, thanks to strong cashflows.
Thursday 27 January 2011
LG Electronics signalled a bottom for its money-losing mobile phones and TV businesses, after the world’s number two television brand reported a record quarterly loss.
Wednesday 26 January 2011
Barclays is to cut about 1,000 jobs as it stops offering financial planning advice in its branches.
Wednesday 26 January 2011
Private equity giant Carlyle is to buy Dutch-based private equity fund-of-funds AlpInvest Partners to bulk up its product offering.
Wednesday 26 January 2011
The number of mortgages approved for house buyers by the UK's main banks fell by ten per cent in 2010. The British Bankers' Association (BBA) says its members approved just 400,000 mortgages in total.
Wednesday 26 January 2011
Bank of England policymaker Martin Weale unexpectedly joined Andrew Sentance in voting for a quarter-point rate rise this month, minutes to the Bank's January Monetary Policy Committee meeting showed.
Wednesday 26 January 2011
Lloyd's of London expects to spend £300m preparing for the European Union's new Solvency II capital rules for insurers, the chairman of the insurance market said.
Wednesday 26 January 2011
Financial services group Brewin Dolphin reported a 16 per cent rise in revenues from a year earlier as its investment management arm attracted new client money.
Wednesday 26 January 2011
Accountancy software firm Sage Group said that a gradual recovery in spending by small businesses had continued in its first quarter, keeping the north east England-based group on track.
Wednesday 26 January 2011
WH Smith said higher profit margins offset a bigger-than-expected fall in sales over Christmas, due to disruptions caused by severe winter weather.
Wednesday 26 January 2011
Insurer Hiscox is facing £131m of claims as a result of a series of natural catastrophes last year which have hit insurers across the world.

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