Property prices fall 3pc December 13, 2010 ASKING prices for homes in England and Wales have fallen three per cent over the past month to stand just 0.4 per cent higher than a year ago, due to economic uncertainty and low mortgage approvals, according to property website Rightmove. December’s fall follows a 3.2 per cent decline in November, with further drops possible [...]
Reckitt in £460m deal for Paras December 13, 2010 Consumer goods firm Reckitt Benckiser has agreed to buy privately-held Indian company Paras Pharmaceuticals for about $726m (£460m), to boost its operations in a fast-growing healthcare market. Big global healthcare firms are fast driving into emerging markets as sales stall in developed countries and as they look to tap into the healthcare needs of billions [...]
Factory gate inflation eases December 10, 2010 British factory gate inflation slowed unexpectedly in November after petrol prices rose less quickly than the same time a year ago, official data showed. The Office for National Statistics said annual producer output price inflation slowed to 3.9 per cent in November from 4.0 per cent in October, confounding forecasts for a pick-up to 4.1 [...]
UK and Netherlands in Icesave deal December 10, 2010 Iceland has reached a deal aimed at settling the Icesave banking dispute with the UK and Netherlands. Its government has agreed to pay back the estimated 4bn euros (£3.4bn) the UK and Dutch governments spent reimbursing citizens who lost money in the collapse of Icesave. Repayments will begin in 2016 and will be completed by [...]
Balfour Beatty wins £220m Tube contract December 10, 2010 Balfour Beatty has won a five-year rail renewal contract with London Underground. The total value of the work to be delivered on the Tube is £220m, of which around half will be Balfour Beatty’s share. Balfour will replace track, points and crossings on the network. Work is expected to start in the spring and there [...]
China exports jump more than expected December 10, 2010 China reported much stronger than expected export growth in November, adding to inflation fears. Exports were up 34.9 per cent compared with a year earlier. The rise was forecast to be 25 per cent, while in October the increase was only 22.9 per cent. Imports rose by 37.7 per cent, but the country’s strade surplus [...]
Flybe IPO set at 295p a share December 10, 2010 Budget airline Flybe priced its London listing at 295 pence per share, the top of its guidance range, raising up to £66m for Europe’s largest regional carrier. Flybe sold 24.4 million shares in the offering, including an overallotment option, representing around a 30 percent stake in the company and valuing the airline at £215m. The [...]
JP Morgan to hire 100 corporate bankers December 10, 2010 JPMorgan Chase & Co is hiring 100 corporate bankers outside the United States, in a bet that loan demand in the rest of the world will grow faster than in the bank’s home base. The bank is planning to add to the 200 international bankers it already has over the next two years, with the [...]
JPMorgan to hire 100 corporate bankers December 10, 2010 JPMorgan Chase & Co is hiring 100 corporate bankers outside the United States, in a bet that loan demand in the rest of the world will grow faster than in the bank’s home base. The bank is planning to add to the 200 international bankers it already has over the next two years, with the [...]
UK trade gap widens December 9, 2010 Britain’s goods trade deficit with the rest of the world unexpectedly widened in October after imports rose to their highest on record, raising questions about trade’s contribution to future UK growth. Exports also rose strongly to their highest since May 2006 helped by oil sales, but were outpaced by the rise in imports which the [...]
