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  • Wednesday preview: Sainsbury, Nationwide consumer confidence

    Tuesday 07 Oct 2008

    Sainsbury’s update on trading in the 16 weeks to 4 October coincides nicely with the release of the Nationwide’s Consumer Confidence Index for September. Both should reveal much about the British consumer's state of mind.

  • Downing St. summit "scheduled for some time"

    Tuesday 07 Oct 2008

    A top level meeting to discuss ways of stabilising the financial system is taking place at Downing Street this afternoon (Tuesday).

  • BT not affected by financial crisis

    Tuesday 07 Oct 2008

    Telecoms giant BT has not thus far been affected by the world-wide financial crisis and does not expect to tap the corporate bond markets in the next 12 months.

  • National Grid says positioned to deliver organic growth

    Tuesday 07 Oct 2008

    Power supplier National Grid said it is well positioned to deliver low risk, organic growth, adding that it continues to invest and earn good returns from its regulated businesses.

  • FSA slaps record £7m PPI fine on A&L

    Tuesday 07 Oct 2008

    Mortgage lender Alliance & Leicester has been fined a record £7m by the Financial Services Authority (FSA) for “serious failings” regarding telephone sales of payment protection insurance (PPI) on personal loans.

  • S&P cuts RBS rating; more downgrades could follow

    Tuesday 07 Oct 2008

    Royal Bank of Scotland has had its credit ratings cut by ratings agency Standard & Poor’s because of fears over its credit profile.

  • Update: UK slowdown hurts Michael Page

    Tuesday 07 Oct 2008

    The reluctance of British firms to hire in the face of an ever-worsening economic crisis sent third quarter UK gross profit down 8.3% at recruiter Michael Page.

  • Results Round Up

    Tuesday 07 Oct 2008

    The reluctance of British firms to hire in the face of an ever-worsening economic crisis sent third quarter UK gross profit down 8.3% at recruiter Michael Page.

  • Update: Northern Foods sees profits in line despite conditions

    Tuesday 07 Oct 2008

    Northern Foods, which makes Fox's biscuits and Goodfella's pizzas, said it was on course to post profits in line with expectations despite challenging operating conditions.

  • UK banks slump on part-nationalisation fears

    Tuesday 07 Oct 2008

    Share prices of Britain's leading banks plummeted today after their chief executives met chancellor Alistair Darling yesterday to discuss a possible bank sector bail-out.

  • Psion to make provision for Japanese dispute

    Tuesday 07 Oct 2008

    Mobile phone software specialist Psion said it will make a full provision in its 2008 accounts for claims made against it from trading partners of its Japanese arm Psion Teklogix KK (Psion Japan).

  • Small caps round-up: Plasmon, Mobestar, Northacre

    Tuesday 07 Oct 2008

    Optical drives maker Plasmon said its newly appointed administrators are in talks with a number of interested parties and are hopeful that a sale of the remaining business can be achieved.

  • Island swings to profit after Dutch disposals

    Tuesday 07 Oct 2008

    The disposal of its Dutch assets lifted Irish oil and gas group Island Oil and Gas into profit.

  • Assura wants £80m to fund GP business

    Tuesday 07 Oct 2008

    Assura is raising up to £80m to finance its transformation from a medical property investor and developer to a GP focused healthcare group.

  • Short-haul traffic rises at Aer Lingus

    Tuesday 07 Oct 2008

    Nearly 1m people took flights with Aer Lingus in September as travellers continued taking advantage of cheap flights to European destinations.

  • Oxford Bio jumps on TroVax trial change approval

    Tuesday 07 Oct 2008

    Shares in Oxford Biomedica surged ahead after positive talks with the US Food and Drug Administration (FDA) on further trials for its renal cancer drug TroVax.

  • Weak US, Asia trading hits Kewill

    Tuesday 07 Oct 2008

    Weak trading in the US and Asia mean that Kewill’s pre-tax profits in the second half will be lower than those of the first six months of the year, the logistics software company warned.

  • Outages cut British Energy output

    Tuesday 07 Oct 2008

    British Energy's total output from its nuclear power stations in the six months to September fell as it suffered from outages at Hartlepool and Heysham 2.

  • Chemring targets $40m NITEK buy

    Tuesday 07 Oct 2008

    Military decoy specialist Chemring has conditionally agreed to buy Non-Intrusive Inspection Technology Inc (NITEK) for as much as $40m (£22.5m).

  • Galleon sees full year as expected

    Tuesday 07 Oct 2008

    Entertainment media group Galleon said it made good progress during the year, with full year results expected to be at least in line with market expectations.

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