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Business

  • Top bankers fight back in bonus row

    September 8, 2009

    TOP executives?at the world’s biggest banks teamed up to defend bonuses yesterday, in the first clear sign of an industry fightback against threats from policymakers to curb banker pay. Top bankers from Morgan Stanley, Credit Suisse and Deutsche Bank said bonuses did not cause the financial crisis, as they concluded a two-day summit in Germany. [...]

  • Profits spike at Kingfisher

    September 8, 2009

    KINGFISHER, Europe’s largest home improvement retail group, yesterday rushed out first-half profit figures following an administrative error, though the better-than-expected results cheered investors and sent its shares to a two-year high. The group, which owns B&Q in Britain and Castorama in France, said it expects to report an underlying pre-tax profit of between £285m and [...]

  • Skywest suffers slide in traffic

    September 8, 2009

    Australian carrier Skywest said yesterday that passenger numbers and traffic had fallen, but that charter flights and load factor were up in August. Passenger numbers and traffic fell 11.8 per cent and 14.8 per cent year-on-year respectively during the month. But charter services rose 23.45 per cent and load factor improved by to 57.36 per [...]

  • Mattioli Woods enjoys jump in pre-tax profit

    September 8, 2009

    SPECIALIST pensions consultancy Mattioli Woods yesterday reported pre-tax profits up 11.3 per cent for the year to the end of May. The Aim-listed firm saw profit before tax jump from £3.71m last year to £4.13m, on the back of a 22.6 per cent rise in revenue from £10.83m to £13.28m. The company is also proposing [...]

  • DSG hires ex-Majestic Wine boss

    September 8, 2009

    DSG International, which owns the Currys and PC World chains, has drafted in former Majestic Wine boss Tim How as a non-executive director to help it get back on track. How previously led a management buyout of the wine warehouse chain in 1989, taking it through an Aim flotation in 1996 until he eventually left [...]

  • Britons more bullish on jobs and outlook

    September 8, 2009

    BRITISH consumers are more confident about the future economic situation and sentiment about the present has also improved, the Nationwide consumer confidence survey will say today. The survey indicates that all the confidence indices rose during August with the expectations index rising by three points to 94. The present situation index, which has generally been [...]

  • RBS plots sale of aviation unit

    September 8, 2009

    ROYAL Bank of Scotland (RBS) has hired Goldman Sachs to find a buyer for RBS Aviation Capital, the aircraft-leasing unit that the bank hopes to dispose of as part of chief executive Stephen Hester’s efforts to streamline the firm. The unit has assets worth $8bn (£4.8bn), but would fetch far less due to falling demand [...]

  • Hedge funds gain 1.85pc in August but correction due

    September 8, 2009

    HEDGE funds grew by 1.85 per cent on average in August, meaning the funds have now grown 17.3 per cent this year so far, according to data released yesterday. But the data provider Hennessee said the gains may be the last investors see for a while, fuelling fears the hedge fund sector’s raging recovery that [...]

  • Profits spike at Kingfisher

    September 8, 2009

    KINGFISHER, Europe’s largest home improvement retail group, yesterday rushed out first-half profit figures following an administrative error, though the better-than-expected results cheered investors and sent its shares to a two-year high. The group, which owns B&Q in Britain and Castorama in France, said it expects to report an underlying pre-tax profit of between £285m and [...]

  • Britons more bullish on jobs and outlook

    September 8, 2009

    BRITISH consumers are more confident about the future economic situation and sentiment about the present has also improved, the Nationwide consumer confidence survey will say today. The survey indicates that all the confidence indices rose during August with the expectations index rising by three points to 94. The present situation index, which has generally been [...]

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