Grace wins fifth title of 2012 October 7, 2012 South Africa’s Branden Grace enhanced his rising star status with a fifth title of 2012 by securing a course record 22 under par at the Dunhill Links Championship at St Andrews.
Lloyds Banking Group hit by technical problems October 5, 2012 Lloyds Banking Group has been hit by a technical failure today, with customers unable to use their accounts due to a “temporary system error”. “Lloyds Banking Group this afternoon experienced technical issues that affected some customers. All of our systems are now up and running,” the bank said in a statement this afternoon. “We are [...]
Amplats fires 12,000 miners October 5, 2012 Anglo American Platinum said today it had fired 12,000 striking South African miners at its Rustenberg operations, following a three-week strike. The world’s largest platinum miner said it had lost 39,000 ounces in production since the start of the strike, resulting in a loss of around ZAR700m (£50m) for Amplats. Amplats began disciplinary action for [...]
HSBC to scale back Islamic business October 5, 2012 HSBC is to significantly scale back its global Islamic finance operations and will stop offering Shari’ah compliant products in the UK as part of a global restructuring, it said yesterday. The bank, which pioneered the first Western Islamic bond last year, said it will scrap Shari’ah loans and bank accounts for personal customers in the [...]
US unemployment falls to four-year low October 5, 2012 The US jobless rate dropped to a four-year low of 7.8 per cent in September, according to official figures. The US Labor Department said today that the unemployment rate dropped by 0.3 per cent to its lowest point since January 2009, as 114,000 new jobs were created over the month. The drop in unemployment will [...]
Wood Group confident on targets October 5, 2012 Wood Group expects to meet its full year projections, it said in an interim management statement today. The Aberdeen-based oil and gas company cited a high-performing engineering division and strong developments in Australia, Angola, the North Sea and North America. While the group expects a full-year loss of $15m to $20m (£6m to £9m) in [...]
Zynga shares plunge on disappointing results October 5, 2012 Shares in gamemaker fell 20 per cent in after-hours trading yesterday after it warned on profits. The San Francisco-based social gaming developer expects to report a net loss of between $90m and $105m (£55.6m and £64.9m) in the third quarter. Zynga said the results “primarily reflect weakness of certain games in our web ‘invest and [...]
Ofgem warns of electricity shortfall October 5, 2012 Britain risks running out of energy generating capacity in the next three to four years, according to a report by energy regulator Ofgem published today. Ofgem said the amount of spare generation capacity could fall from 14 per cent to only four per cent by 2015, largely due to tough environmental targets and the closure [...]
Airbus planes outsold by Boeing October 5, 2012 Airbus sold 437 planes in the nine months to September, half the amount of orders for rival Boeing. Boeing sold 962 planes between January and October, as it benefited from a surge in demand for new fuel-efficient model. After cancellations, Boeing outsold EADS’ owned Airbus by 879 to 832, based on the latest figures. The [...]
FTSE 100 boosted by mining shares October 5, 2012 The blue chip index opened up this morning, boosted by headline mining shares as investors adopted a ‘risk-on’ attitude. Outside of the miners, insurer CPP Group topped the leaderboard in early trading, while brewer Fuller, Smith & Turner jumped more than four per cent. Russian oil company Ruspetro soared 3.85 per cent in early deals, [...]
