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Wednesday 17 November 2010
ASDA, owned by Wal-Mart, yesterday reported a return to underlying sales growth in its fiscal third quarter, helped by a focus on low prices and the relaunch of its core own-brand grocery range.
Wednesday 17 November 2010
SPORTINGBET said yesterday that Swedish rival Unibet had withdrawn from merger talks. The online betting company, however, remains in talks with several other parties over potential deals.
Wednesday 17 November 2010
PROFITS have soared at fashion company Burberry after strong sales in Asia. The luxury goods group beat forecasts with a 49 per cent rise in first half pre-tax profits to £129m
Wednesday 17 November 2010
ENTERPRISE Inns said yesterday it would not pay a dividend in the current year and expected trading conditions to remain challenging. Shares in Britain’s biggest pub group went down by more than ten per cent at one stage.
Wednesday 17 November 2010
Amazon has been voted the UK’s most customer friendly company in a poll.
Wednesday 17 November 2010
Ian Dyson's shake-up of Punch Taverns continued yesterday when the company announced it was parting company with finance director Phil Dutton. Dutton will depart in March.
Wednesday 17 November 2010
EASYJET said it will pay its first ever dividend in 2012 yesterday, as it posted a near three-fold rise in full-year profit thanks to rising passenger numbers and a lower fuel bill.
Wednesday 17 November 2010
AIRBUS is targeting higher revenue and deliveries despite the chaos caused by the break-up of a Rolls-Royce engine on one of its super-jumbos, it emerged yesterday.
Wednesday 17 November 2010
China yesterday announced a 100-plane order for its first commercial jetliner, a first step in its ambitions to challenge Airbus and Boeing for a slice of a global market worth $1.7 trillion.
Wednesday 17 November 2010
LLOYDS has added a new non-executive director to its board, with current-Victrex chair Anita Frew joining from 1 December.
Wednesday 17 November 2010
UK TECHNOLOGY firm Smiths Group said cost cuts and a focus on margins should help it deliver a good performance in the first half, as delays on government orders crimped sales for airport security devices.
Wednesday 17 November 2010
THE UNION representing engineers and scientists working on nuclear warheads for Britain’s Trident missiles said they are to take industrial action in protest over the latest pay offer from their employer, the Atomic Weapons Establishment (AWE).
Wednesday 17 November 2010
THE ADMINISTRATORS for housing repair firm Rok made a further 1,800 people redundant yesterday, after it failed to find an interested buyer for large parts of the business.
Wednesday 17 November 2010
INDONESIA’S powerful Bakrie family has joined forces with the Rothschild banking dynasty to cement its dominance of Indonesia’s booming coal exports sector through a London-listed company.
Wednesday 17 November 2010
MORTGAGE sellers could face tough new rules under proposals by the Financial Services Authority (FSA). The watchdog is calling for sellers to hold professional qualifications before they can approach potential home buyers.
Wednesday 17 November 2010
WEALTH management firm Collins Stewart yesterday said it had made steady progress since the first half of the year, as it reported total revenue increased nearly 30 per cent in the third quarter, despite difficult markets in which trading volumes
Wednesday 17 November 2010
THE EUROPEAN Commission’s plans to regulate short selling have the potential to wreck the City’s reputation as a global trading centre, a London MEP said yesterday.
Wednesday 17 November 2010
A RARE pink diamond fetched 45.44m Swiss francs (£28.6m) yesterday, doubling the previous record to become the most expensive stone ever sold at auction, Sotheby’s said.
Wednesday 17 November 2010
LONDON landlord British Land intends to sell assets in the City financial district as it takes a more trading-focused investment strategy, adding an uptick in its exposure to prime offices may not last long.
Wednesday 17 November 2010
HOUSEBUILDER Taylor Wimpey said it expects profit to be at the high end of estimates this year thanks to stable sales, while a £950m refinancing deal will give the firm more flexible trading conditions next year.
Wednesday 17 November 2010
THE SITE earmarked for the 53-storey Beetham Tower on the south bank has been put back on the market by administrators BDO.
Wednesday 17 November 2010
THE London Stock Exchange, which is losing market share to low-cost rivals, has hired a technology specialist to attract business from controversial high-frequency trading (HFT) firms.
Wednesday 17 November 2010
The Christmas spending season is well under way, but there are some worrying signs for UK retailers in the latest Bloomberg/YouGov Household Economic Activity Tracker (HEAT).
Wednesday 17 November 2010
US BANKS and a task force of the nation’s 50 state attorneys general are nearing a settlement of an investigation into the lending industry’s foreclosure practices.
Wednesday 17 November 2010
GERMAN chipmaker Infineon plans to pay shareholders its first dividend for a decade, underlining confidence in the future after clawing its way back from the downturn.
Wednesday 17 November 2010
TELECOMS firm Cable & Wireless Worldwide is comfortable with full-year expectations after posting first-half sales and earnings in line with forecasts despite pressure from cuts to UK public spending.
Wednesday 17 November 2010
EXPERTS expect Facebook’s new email service to provide a real threat to rivals such as Google and Microsoft.
Wednesday 17 November 2010
EMMA GALLIVAN | ANGLO ROMANIA BANK “I wouldn’t switch from my Yahoo account. I’m too used to it and have it customised. Another problem is that my work bars Facebook from our computers so I wouldn’t be able to access my email there.”
Wednesday 17 November 2010
UK OIL and gas explorer Cairn Energy yesterday cast doubt on the planned sale of most of its Indian business to miner Vedanta Resources for up to $8.5bn (£5.4bn)?, but said it still hoped to seal the deal next year.
Wednesday 17 November 2010
CAR sales in the UK and Europe plummeted in October as the end of government help for the car industry and uncertainty about spending cuts took their toll.
Wednesday 17 November 2010
BEATLES albums yesterday flooded iTunes top 200 chart on their first day on sale. Analysts predict they could topple top selling albums by Michael Jackson and Black Eyed Peas.
Wednesday 17 November 2010
HELMUT Kiener, founder of German hedge fund group K1, is being charged with fraud, forgery of documents and tax evasion more than a year after he was arrested in a multi-million-dollar investigation.
Wednesday 17 November 2010
Barclays Corporate
Wednesday 17 November 2010
RETAIL group Maxeda Retail Group B.V. said yesterday it has agreed to sell the Dutch luxury department store chain, De Bijenkorf – or “the beehive” to Selfridges Group for an undisclosed sum.
Wednesday 17 November 2010
RICHARD Alderman, director of the UK Serious Fraud Office (SFO), has told the Anglo-Russian business community that his organisation will actively seek to exercise new powers worldwide in the global fight against corruption.
Wednesday 17 November 2010
Premier Oil, the British explorer and producer, yesterday maintained its production guidance and said a bank refinancing had increased its facilities by $470m (£295m).
Wednesday 17 November 2010
REED ELSEVIER Execution Noble rates the publisher a “hold” with a fair value price of 480p.
Tuesday 16 November 2010
Manchester United's American owners plan to reduce the the club's debt by paying off high-interest loans, worth around £220m.
Tuesday 16 November 2010
Easyjet has seen profits almost triple as passenger numbers rose and fuel became cheaper. The carrier made profits of £154m in the 12 months to September, up from £55m a year earlier.
Tuesday 16 November 2010
The UK Consumer Prices Index (CPI) inflation rate rose to a four-month high of 3.2 per cent in October, according to official figures. Analysts had expected the CPI figure to remain the same at 3.1 per cent.
Tuesday 16 November 2010
Vallar unveiled its first acquisitions in its quest to build up a mid-tier mining house, paying $3bn (£1.8bn) in cash and new shares to buy stakes in two major Indonesian coal producers.
Tuesday 16 November 2010
Britain's biggest pubs group Enterprise Inns said it was confident of resuming dividend payments in the medium term after reporting full-year results in line with expectations
Tuesday 16 November 2010
Telecoms firm Cable & Wireless Worldwide is comfortable with full-year expectations after posting first-half sales and earnings in line with forecasts despite pressure from cuts to UK public spending.
Tuesday 16 November 2010
ITV has seen revenues from advertisers surge by 16 per cent over the last three months. But the company, which has agreed a new three-year deal with The X Factor and Britain's Got Talent, urged caution over the future.
Tuesday 16 November 2010
British Land said it had been boosted by an increase in occupancy rates in its buildings in the first half.
Tuesday 16 November 2010
Portuguese finance minister warns crisis will spread across Europe EU finance ministers set to meet today for emergency talks Greece revises deficit up for a third time as it breaches bailout terms
Tuesday 16 November 2010
Virgin Group has joined the race to build and run the first high-speed railway line in the US.
Tuesday 16 November 2010
THERE is something magical about the Lord Mayor’s annual banquet at the Guildhall.
Tuesday 16 November 2010
FINANCIAL TIMES
Tuesday 16 November 2010
THE Beatles are expected to make their music available for the first time on Apple’s iTunes online music store, the company is expected to announce today, suggesting its disputes with the band are finally at an end.

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