FTSE led down by scandal-hit Barclays June 28, 2012 The FTSE 100 slipped this morning as miners dipped and Barclays was dented by the Libor scandal while it was confirmed that the UK had lurched back into recession. Britain’s economy shrank by 0.3 pe rcent during the first three months of this year, official data confirmed, leaving the nation in its second recession in [...]
FTSE led down by scandal-hit Barclays June 28, 2012 The FTSE 100 slipped this morning as miners dipped and Barclays was dented by the Libor scandal while it was confirmed that the UK had lurched back into recession. Britain’s economy shrank by 0.3 per cent during the first three months of this year, official data confirmed, leaving the nation in its second recession in [...]
UK lurches back into recession June 28, 2012 Britain’s economy shrank by 0.3 per cent during the first three months of this year, official data confirmed on Thursday, leaving the nation in its second recession in four years. Data from the Office for National Statistics also showed that the economy contracted at a faster pace than previously thought in the final three months [...]
House prices slip in June June 28, 2012 House prices dropped 0.6 per cent in June, according to figures from the Nationwide. It said the end of the stamp duty holiday in March, which lifted the market early in the year, had contributed. The annual fall in prices is 1.5 per cent, the sharpest decline in almost three years, the building society said.
Debenhams sales rise June 28, 2012 Debenhams, Britain’s second largest department store group, showed its resilience in the economic downturn by beating forecasts for quarterly underlying sales and winning market share even though it faced a deluge of rain in April. The firm, ranked second in Britain after employee-owned John Lewis JLP.UL, said on Thursday sales at stores open over a [...]
Shell again extends Cove bid deadline June 28, 2012 Oil major Shell again extended a deadline for Cove Energy shareholders to accept its offer, giving itself more time to decide its next move as it vies with Thailand’s PTT Exploration and Production to acquire the explorer. Shell said on Thursday it was extending the deadline for Cove shareholders to accept its $1.8 billion (£1.1bn) [...]
Banks fuel FTSE gains but Eurozone picture darkens June 27, 2012 Banks fuelled modest gains on the FTSE 100 in early trading but investor confidence remained weak overall as the Eurozone’s leaders failed to offer any evidence of a path to recovery for the bloc. Disagreements between the region’s policymakers over how to deal with the turmoil are weighing on investors’ confidence ahead of a European [...]
EU regulators give green light to Bankia state aid June 27, 2012 Spanish lender Bankia gained temporary approval for its state bailout, but Spanish authorities will need to present a restructuring plan within six months to offset this support, the European Commission said on Wednesday. The EU executive said the state aid included a conversion of existing state-owned preference shares of 4.465bn euros into equity and a [...]
New property adviser sets up in Square Mile June 27, 2012 A new adviser in the residential property sector has set up in the Square Mile. Centrus will provide advice and solutions in treasury, debt capital markets, corporate finance and institutional funding. The Centrus team brings together some of the leading figures in UK housing finance. The company is led by Phil Jenkins who has more [...]
Judge halts sale of Samsung Galaxy Tab in US June 27, 2012 A US judge backed Apple Inc’s request to stop Samsung Electronics selling its Galaxy Tab 10.1 tablet in the United States, giving the iPhone maker a significant win in the global smartphone and tablet patent wars. Samsung’s Galaxy touchscreen tablets, powered by Google’s Android operating system, are considered by many industry experts to be the [...]
