News

COMMENT

Tuesday 19 October 2010
Miner Xstrata posted mixed third quarter production data and said financial performance was strong as metals prices remained healthy.
Tuesday 19 October 2010
Surging capital inflows threaten Asia's economic stability, the World Bank has warned, a day after US treasury secretary Timothy Geithner sought to draw the venom from a global row over currencies by vowing not to devalue the dollar.
Tuesday 19 October 2010
Whitbread profit jumped by 28 per cent to £151m in the six months to September. The company said an expansion at its Premier Inns and Costa Coffee businesses fuelled the figures. Revenue rose 14.5 per cent to £805m.
Tuesday 19 October 2010
Sports Direct International has been told that no charges will be brought against it by the Serious Fraud Office.
Tuesday 19 October 2010
BM won fewer technology services deals than expected in the third quarter, sending its shares 3.7 per cent lower, although it announced stronger profits and raised its full-year outlook
Tuesday 19 October 2010
Apple last night smashed expectations to post record fourth quarter profits and revenues, boosted by blockbuster sales of its new iPhone 4.
Tuesday 19 October 2010
ALAN Johnson’s plan to raise at least £3.5bn by clobbering the banks with another levy was roundly dismissed yesterday, with critics claiming it was unworkable and could encourage firms to quit the UK.
Tuesday 19 October 2010
A NEW York jury was yesterday asked to decide who is lying in a dispute between Guy Hands and Citigroup over Hands’s £4bn buyout of embattled record label EMI in 2007.
Tuesday 19 October 2010
IT is simply untrue that Britain doesn’t produce any wealth and job creating entrepreneurs any more. Take some of the stories in today’s City A.M.; they demonstrate that Britain retains a vibrant start-up and growth culture.
Tuesday 19 October 2010
FRANCE was this morning coming to terms with a sixth day of strikes over President Sarkozy’s plans to raise the retirement age.
Tuesday 19 October 2010
Eight new sites for nuclear power stations were given the green light by the coalition government yesterday, putting the UK at the forefront of nuclear power in Europe.
Tuesday 19 October 2010
Oil explorer Rockhopper is hoping to raise about £200m in a placing of new shares to extend its drilling around the Falkland Islands.
Tuesday 19 October 2010
FINANCIAL TIMES
Tuesday 19 October 2010
US BANK Citigroup yesterday gave the sector a much-needed fillip, as it beat Wall Street expectations with a year-on-year surge in third quarter net profits to $2.2bn ($1.4bn).
Tuesday 19 October 2010
The economic cost of tougher global capital rules for banks could explode if further requirements on big banks are not co-ordinated, Deutsche Bank chief executive Josef Ackermann has said.
Tuesday 19 October 2010
US INDUSTRIAL output shrank last month for the first time in more than a year, in a sign the economy is in a slow growth rut that appears certain to lead to more monetary stimulus from the Federal Reserve.
Tuesday 19 October 2010
THE UK Listing Authority (UKLA) received backing from the City yesterday, just as the government consultation on its future closed.
Tuesday 19 October 2010
Sixty-eight institutions have published statements of support for the new UK Corporate Stewardship Code, including 48 asset managers, 12 asset owners and eight service providers.
Tuesday 19 October 2010
BLUEBAY Asset Management has accepted a takeover offer from Royal Bank of Canada (RBC), it said yesterday, in a deal which values the fixed income investment firm at £963m ($1.5bn).
Tuesday 19 October 2010
Lloyd’s of London insurer Beazley yesterday said it still hoped to clinch a takeover of Hardy Underwriting after its smaller peer rejected an initial 300p per share approach this month.
Tuesday 19 October 2010
Business and financial adviser Grant Thornton yesterday said annual pre-tax profits grew by 40.2 per cent to £77.6m following its merger with Robson Rhodes and a period of restructuring and cost-cutting.
Tuesday 19 October 2010
Business and financial adviser Grant Thornton yesterday said annual pre-tax profits grew by 40.2 per cent to £77.6m following its merger with Robson Rhodes and a period of restructuring and cost-cutting.
Tuesday 19 October 2010
THE PLANNED Hong Kong initial public offering of AIA, the Asian life insurance business of American International Group (AIG), is set to close two days earlier than anticipated after institutional investors rushed to pledge their interest in buyin
Tuesday 19 October 2010
EUROTUNNEL, the operator of the Channel Tunnel, said yesterday a bumper summer helped boost revenues for the year so far by 10 per cent.
Tuesday 19 October 2010
QATAR will take a five per cent stake in the Brazilian unit of Spanish lender Banco Santander, with a $2.7bn (£1.7bn) investment that adds to its big bank deals in recent years.
Tuesday 19 October 2010
Northeast Utilities will buy rival NStar in a $4.17bn (£2.63bn) all-stock deal to create a utility that will provide power and gas to more than half of the customers in New England, the companies said yesterday.
Tuesday 19 October 2010
FOURTH?quarter bonuses for staff at embattled oil major BP will be based entirely on safety, chief executive Bob Dudley has said. Dudley
Tuesday 19 October 2010
BHP Billiton and Rio Tinto yesterday confirmed they were ditching a plan to form the world’s biggest iron-ore joint venture, in a victory for steelmakers that could prompt both miners to step up competing expansions.
Tuesday 19 October 2010
TONY SHEPARD | CHARLES STANLEY
Tuesday 19 October 2010
DAVID Cameron will today unveil the most drastic cuts to the defence budget in a generation. In his government’s defence review he is expected to slash the number of army troops by 7,000 and scrap the iconic Harrier jump jet.
Tuesday 19 October 2010
FRANCIS Maude, the cabinet office minister, yesterday said the government would cut waste and introduce radical reforms in a bid to protect jobs and frontline public services from swingeing cuts.
Tuesday 19 October 2010
IAN RANKIN | CANOPIUS “I do think the cuts need to be introduced more slowly, as Labour have suggested. I’m worried that the Conservatives will undo the work done on the NHS and schools by cutting too soon.”
Tuesday 19 October 2010
ALAN Johnson yesterday unveiled Labour’s strategy for reducing the deficit, backing his predecessor’s plan to halve it within four years but arguing for higher taxes on banks to soften the blow of spending cuts.
Tuesday 19 October 2010
SEVERAL commentators recently have noted that public spending is set to rise in cash terms. Even after adjusting for inflation, total managed expenditure is set to fall by only 3.6 per cent. Can this really be so tough?
Tuesday 19 October 2010
BREWER SABMiller yesterday reported a recovery in beer sales boosted by the emerging markets of Africa and Asia – sales of lager dipped by five per cent in Europe.
Tuesday 19 October 2010
PERNOD Ricard has sold its Lindauer New Zealand sparkling wine brand to a consortium composed of brewer and drinks distributor Lion Nathan New Zealand and contract winemaker Indevin.
Tuesday 19 October 2010
AVERAGE room rates in London hotels have increased for the first time in two years, as the summer weather boosted trade.
Tuesday 19 October 2010
PUMA’S chief executive Jochen Zeitz will head a new “sports and lifestyle” division at parent company PPR, the French luxury goods and retail conglomerate said yesterday.
Tuesday 19 October 2010
SABMILLER yesterday painted a mixed picture with Europe lagging behind emerging economies – particularly in Africa – with lager sales. The company has even resumed reporting results in Zimbabwe after the stabilisation of the currency.
Tuesday 19 October 2010
The head of Piaget, one of the world's leaders in jewellery yesterday said New Bond Street the world’s premier shopping street for jewellery.
Tuesday 19 October 2010
Facebook was yesterday thrown into a new privacy row after it emerged the site is passing on details of millions of users and their friends to internet firms.
Tuesday 19 October 2010
FIRST Quantum Minerals said it has paid C$460m (£285m) for Antares Minerals yesterday, in a move to diversify following the confiscation of its copper mine in the Democratic Republic of Congo.
Tuesday 19 October 2010
ASSETS under management (AUM) at the world’s largest 500 fund managers jumped by 16 per cent in 2009 to $62 trillion (£39 trillion), the second highest rise on record, a report said yesterday.
Tuesday 19 October 2010
Wind turbine maker Clipper Windpower has agreed a £139.5m buyout by United Technologies Corporation in a deal which will buoy its finances ahead of a choppy outlook for the US wind energy sector.
Tuesday 19 October 2010
UniCredit has reached a deal with unions over thousands of lay-offs in Italy, ending a protracted struggle over a plan by the country’s biggest bank to streamline domestic operations.
Tuesday 19 October 2010
German prosecutors paid around €1.5m (£1.3m) for client data from Swiss bank Julius Baer, as part of a campaign to clamp down on untaxed German wealth held in Switzerland.
Tuesday 19 October 2010
Royal Mail has asked the postal regulator for permission to hike prices on business mail products for one year only, in order to generate extra revenue of up to £100m.
Tuesday 19 October 2010
Retail giant Alliance Boots yesterday said it had reached agreement with shareholders to acquire a further 51.65 per cent stake in German pharmaceutical wholesaler Andreae-Noris Zahn (ANZAG).
Tuesday 19 October 2010
Car dealership group Vertu Motors saw pre-tax profits soar by three quarters to £4.9m over the first half of its financial year after acquiring a number of new sales outlets.
Tuesday 19 October 2010
Royal Bank of Scotland (RBS) is understood to be considering selling a £1bn Spanish property loan portfolio after hiring Morgan Stanley to advise on its options.

Pages