Blackberry maker Research in Motion to cut 2,000 jobs July 25, 2011 Blackberry maker Research in Motion is to cut 2,000 jobs from its workforce worldwide and is replacing its chief operating officer as it fights off competition from rivals Google and Apple. The job cuts are equivalent to 11 per cent of the Canadian firm’s workforce and part of a wider cost cutting programme designed to [...]
Soaring tech stocks burnish banking rally to send FTSE up July 20, 2011 BANKING stocks led Britain’s top shares higher yesterday on strong corporate earnings and optimism over a deal in Washington to increase the US debt ceiling and avoid default. The UK benchmark index closed up 63.83 points, or 1.1 per cent, at 5,853.82, building on the previous session’s 0.7 per cent advance. Solid US earnings, including [...]
Aldi and Lidl grow their market share July 19, 2011 DISCOUNT supermarkets have grown their market shares as cash-strapped customers seek out bargains. Aldi and Lidl saw strong market share growth in the 12 weeks to 10 July, according to figures from the Kantar Worldpanel. Aldi achieved a 20.2 per cent rise in UK market share to 3.5 per cent. Lidl’s share rose 15.6 per [...]
THE WEEK AHEAD in association with GFT July 17, 2011 COMPANIES ● Today, Iceland Foods announces. Investors will hope it doesn’t get frosty results after news that Morrison may bid for some of its individual stores. ● IG reports tomorrow. The spread betting provider could soon be in the FTSE 100. ● On Thursday, the business process outsourcing company Capita will announce. It has been [...]
Commodity falls and fears for stress tests see FTSE decline July 14, 2011 FALLS among commodity issues sapped the strength of Britain’s top share index yesterday, as worries over global growth clouded the demand outlook for metals and oils. At the close, the FTSE 100 index was down 59.48 points, or one per cent at 5,846.95, reversing all and more of the previous session’s 0.6 per cent rally. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 10, 2011 FINANCIAL TIMES VIRGIN SEEKS US ROLE Virgin Trains is vying to play a role in the privatisation of the US rail industry in a move that could see it become the operator of the lucrative 457-mile route from Washington to Boston. Virgin, which already runs the profitable West Coast railway line between London and Glasgow [...]
Heartening US data prompts market rally July 1, 2011 Financial stocks have powered ahead today after good economic news from the US and a reduction in concerns over Greece’s debt prompted a market rally. Lloyds, Barclays and RBS, the UK’s three biggest banks, have provided firepower to the FTSE 100, leaving it 0.7 per cent higher at the close, at 5,989.76 and bringing it [...]
Banks take FTSE 100 to its fifth straight day of gains… June 30, 2011 BRITAIN’S top shares rose sharply yesterday after the Greek parliament passed a second austerity bill to secure emergency funds, with riskier assets such as oil stocks, banks and miners leading the charge higher. The FTSE 100 index closed up 89.76 points, or 1.5 per cent, at 5,945.71, its fifth consecutive day of gains, managing to [...]
Walker prepares a bid to take back Iceland June 27, 2011 ICELAND founder Malcolm Walker is negotiating with banks to secure the finance to buy back the frozen food retailer. Its current owner, the resolution committee of Landsbanki, needs to offload the budget chain. Walker is in negotiations with several banks, including Goldman Sachs, for a £1.5bn loan that would allow him to buy the 67 [...]
Fame And Glory for O’Brien June 16, 2011 Ballydoyle trainer celebrates Gold Cup and targets success at Longchamp THE AIDAN O’BRIEN trained Fame And Glory will head for the Arc De Triomphe in October full of confidence after landing a major gamble to take the Ascot Gold Cup on day three of the Royal meeting. The son of Montjeu was trimmed to 11/8 [...]