Daisy to buy Wordlwide for £28m April 13, 2012 The FTSE 100 edged down in early trading as investors digested data showing a slowdown of growth in China’s economy. Official figures released overnight showed that China’s economy grew at its slowest rate in almost three years. Gross domestic product increased by a rate of 8.1 per cent in the first quarter, down from 8.9 [...]
FTSE down as China growth slows April 13, 2012 The FTSE 100 edged down in early trading as investors digested data showing a slowdown of growth in China’s economy. Official figures released overnight showed that China’s economy grew at its slowest rate in almost three years. Gross domestic product increased by a rate of 8.1 per cent in the first quarter, down from 8.9 [...]
Factory gate inflation eases April 13, 2012 Factory gate inflation eased to a two-year low in March, official data showed on Friday, supporting hopes that price pressures are falling back as the Bank of England predicts. However, output and input price inflation slowed less than analysts had forecast, highlighting the risks to the central bank’s prediction that consumer price inflation will fall [...]
Paperwork on Glencore deal for Xstrata is delayed April 13, 2012 Documentation relating to commodities trader Glencore’s agreed $37bn bid for miner Xstrata will be sent to shareholders later than p previously anticipated, the companies said in a statement. Paperwork relating to the merger is now anticipated to be distributed to each company’s shareholders by the end of May 2012 instead of in April as originally [...]
John Lewis reports “stunning” Easter week April 13, 2012 Britain’s biggest department store chain John Lewis said it enjoyed a “stunning” week’s trade in the seven days to Easter Saturday as poor weather made shopping an attractive pursuit. The employee-owned retailer said on Friday its sales jumped 27.5 per cent year-on-year to £66.7m in the week to 7 April. “In comparison with the Good [...]
China growth rate drops in first quarter April 13, 2012 China’s economy grew at its slowest rate in almost three years. Gross domestic product increased by a rate of 8.1 per cent in the first quarter, down from 8.9 per cent in the previous three months.
WTO forecasts slowing world growth April 12, 2012 World trade growth will slow for a second year to 3.7 per cent in 2012 but “severe” downside risks could drive it further below the 20-year average of 5.4 per cent, the World Trade Organization forecast on Thursday. Trade growth slowed to 5 per cent in 2011 from 13.8 percent in 2010, and is provisionally [...]
Italy’s borrowing costs rise April 12, 2012 Italy’s cost of borrowing has risen putting the country’s struggling economy under yet more pressure. In a three-year bond auction Italy paid an interest rate of 3.89 percent, up from 2.76 per cent in a comparative sale last month. The rising rate and Spain’s economic woes have cast a further shadow over the Eurozone.
NBNK in new bid for Lloyds branches April 12, 2012 New British banking venture has made a fresh bid for 632 Lloyds retail bank branches, putting it back in competition for the assets with shops to banking group The Co-Op, which has faced problems convincing regulators on its offer. NBNK said it was offering an “alternative demerger structure” for the Lloyds branches, which are estimated [...]
Oil giants dent FTSE April 12, 2012 The FTSE 100 was flat this morning as oil giants BP and Shell saw their stocks hit. Royal Dutch Shell reported that oil had been spotted in the water near one of its platforms in the Gulf of Mexico while BP faced a shareholder revolt today. Another significant drag on the market was the World [...]
