FTSE given lift by airline deal December 22, 2011 The FTSE 100 nudged up this morning led by BA owner International Airlines group (IAG) which announced a deal for Lufthansa’s bmi. Overall European shares started higher with the FTSEurofirst 300 index gaining around one per cent in early trade while global stocks, as measured by MSCI world equity index, were edged up 0.2 per [...]
UK growth rate revised upwards December 22, 2011 UK GDP growth has been revised up to 0.6 per cent from 0.5 per cent. The annual rate of growth remained unrevised at 0.5 per cent, according to figures from the Office for National Statistics (ONS). Analysts said Thursday’s figures did not change their view that the economy was set for a sharp slowdown due [...]
Daniel Stewart posts first half loss December 22, 2011 Daniel Stewart Securities , one of a clutch of small brokers operating in the City of London, posted a first-half loss as the European sovereign debt crisis led to deals drying up. The company made an underlying net loss of £143,799 for the six months ending 30 September – down from a profit of £190,572 [...]
Toyota sees record year in 2012 December 22, 2011 Toyota forecast a 20 per cent jump in global sales to a record 8.48m vehicles next year as it claws back from this year’s output losses caused by natural disasters in Japan and Thailand. Toyota overtook General Motors as the world’s top-selling automaker in 2008 but is set to lose that crown this year as [...]
IAG seals bmi takeover December 22, 2011 British Airways owner IAG announced a deal to buy German rival Lufthansa’s UK unit bmi for £172.5m in cash, and said jobs would go as part of an urgently-needed restructuring of the loss-making carrier. Lufthansa has the option of selling the airline’s ‘bmi regional’ and ‘bmibaby’ units before the deal completes, and IAG will pay [...]
Prosecutors say Terry to be charged over racial abuse allegations December 21, 2011 Prosecutors say Chelsea and England captain John Terry should be charged over alleged racial abuse in Premier League game.
Banks take £409bn in ECB loans December 21, 2011 Banks took a huge 489 billion euros (£409bn) at the European Central Bank’s first ever offering of 3-year funding on Wednesday, providing hope a credit crunch can be avoided and that the money may be used to buy Italian and Spanish debt. A total of 523 banks borrowed money at the tender with the final [...]
Banks fuel FTSE gains after Lloyds upgrade December 21, 2011 Banks led London’s blue chip index up in early trading – tracking gains in Wall Street and Asia. Exane BNP Paribas upgraded Lloyds to trigger a rise in the sector which has had a torrid year with the Eurozone debt crisis taking its toll. Lloyds was up 4.3 per cent as Exane BNP Paribas upgraded [...]
Bank leaves door open for more QE December 21, 2011 Bank of England policymakers left the door open for an additional injection of cash into the faltering economy in February, judging that the time was not ripe yet for more easing given uncertainty about the euro crisis, minutes to the Bank’s 7 and 8 December meeting showed. All nine members of the central bank’s Monetary [...]
Public borrowing lower than expected in November December 21, 2011 Britain’s budget deficit narrowed more than expected in November compared to a year earlier, official data showed on Wednesday, although weak growth and worries about the euro zone still threaten the government’s attempts to balance the books. The figures are a bright spot for the government after ratings agency Moody’s warned on Tuesday that Britain [...]
