Indulge in style with our guide to festive booze December 22, 2011 If you’re inclined to splash the cash when you imbibe or if only the finest and rarest liquids pass your lips, you’ll be pleased to know one of the oldest and most expensive spirits in the world has landed in London. The 153-year-old Cognac Croizet Cuvee Leonie 1858 will set you back a princely £2,500 [...]
US GDP revised down December 22, 2011 The US economy grew at a slower pace than previously estimated in the three months to the end of September. Revised figures from the US Commerce Department show GDP grew at an annual rate of 1.8 per cent in the period. That was down from the previous estimate of two per cent and first estimate [...]
S&P cuts Co-Op outlook December 22, 2011 Credit rating agency Standard & Poor’s cut its outlook on mutually-owned conglomerate The Co-Operative Group to “negative” from “stable,” due to risks associated with the Co-Op’s planned purchase of some 630 Lloyds bank branches. Earlier this month, Lloyds said it had picked The Co-Op as its preferred bidder for 632 branches which it has been [...]
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 [...]
Terry charged December 21, 2011 England skipper unwilling to relinquish armband Chelsea stalwart faces maximum fine of £2,500 CPS confident enough evidence for conviction CHELSEA skipper John Terry is understood to be determined to hang on to the captaincy of the national side despite the Crown Prosecution Service declaring its intention to charge him with racially abusing QPR’s Anton Ferdinand. [...]
CPS decision boosts chance of FA charges December 21, 2011 THIS is not a decision the Crown Prosecution Service will have taken lightly, as it is an unusual step for criminal law to get involved in what happens on the sports field. But it is the lowest level of charges that relate to racism and the fine that could be applied, if found guilty, cannot [...]
