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  • Reckitt reiterates target as profit grows

    Monday 26 Jul 2010

    Anglo-Dutch household goods firm Reckitt Benckiser posted a rise in half-year profit and confirmed its full-year target after agreeing a £2.5bn bid for foot care and condom firm SSL last week.

  • Dudley to replace Hayward at BP

    Monday 26 Jul 2010

    Oil giant BP has confirmed Tony Hayward is to step down as chief executive of the group on October 1 to be succeeded by fellow executive director Bob Dudley.

  • BP posts record loss after $32bn charge, Hayward goes

    Monday 26 Jul 2010

    Troubled oil group BP has taken a £$32.2bn charge in respect of the Gulf of Mexico oil spill, including the $20bn it has already committed to putting in escrow. As a result the company reported a headline replacement cost pre-tax loss of $16.97bn for the second quarter, compared to a profit of $3.14bn the year before. It is the biggest ever quarterly loss in UK corporate history.

  • Seven banks fail European stress test

    Friday 23 Jul 2010

    EU lenders have been given a largely clean bill of health when European banking regulators released the results of their so-called stress test on Friday.

  • BP chief Hayward tipped to stand down

    Friday 23 Jul 2010

    Tony Hayward, the embattled chief of BP is expected to stand down from the oil giant within the next twenty-four hours, according to widespread reports on Sunday. Bob Dudley, who recently took over the handling of the Gulf of Mexico oil leak that has brought the company to crisis point over recent months, is widely tipped as his likely successor.

  • Second quarter growth smashes expectations

    Friday 23 Jul 2010

    Economic growth in the UK smashed expectations in the second quarter helped by increases in the construction and finance sectors. Gross domestic product (GDP) grew by 1.1% during the quarter, according to the Office for National Statistics (ONS), ahead of expectations of 0.6% and the strongest growth since the first quarter of 2006. The construction sector notched up growth of 6.6%

  • Second quarter growth smashes expectations

    Friday 23 Jul 2010

    Economic growth in the UK smashed expectations in the second quarter helped by increases in the construction and finance sectors.

  • Fuller's going well as sun shines on London

    Friday 23 Jul 2010

    Hot weather in the south-east helped Fuller's, the London-based brewer and pub group, trade well over the past 16 weeks.

  • Sales bubbling at Britvic

    Friday 23 Jul 2010

    Chelmsford based soft drinks maker Britvic hailed robust top line growth in its third quarter.

  • Salamander abandons well

    Friday 23 Jul 2010

    Asia-focused oil and gas exploration and production company Salamander Energy has plugged and abandoned its Tom Hum Xanh-1X exploration well, offshore southern Vietnam.

  • Vodafone returns to organic revenue growth

    Friday 23 Jul 2010

    Mobile phone network operator Vodafone returned to organic revenue growth in the April to June quarter of 2010 for the first time since the near global recession. Group revenue increased by 4.8% to £11.3bn and group service revenue increased by 4.9% to £10.6bn. On an organic basis, service revenue increased by 1.1% as each of the regions delivered improved service revenue trends.

  • Two jailed for £7m boiler room scam

    Thursday 22 Jul 2010

    Two men running a “boiler room” fraud that conned gullible investors out of £7m have been jailed for seven years at Ipswich Crown Court.

  • Equitable Life victims insulted by compensation offer

    Thursday 22 Jul 2010

    Long suffering Equitable Life policyholders stand to receive just £500m compensation, a fraction of the £5bn demanded by the Equitable Members Actions Group. Payouts will begin in the middle of next year, Treasury Financial Secretary Mark Hoban said today, although the overall size of the compensation fund will be considered “in the light of what is affordable” as part of October's spending review

  • Capita sees opportunity in austerity measures

    Thursday 22 Jul 2010

    Working out whether companies that depend on the public sector will benefit from or be hurt by government austerity measures is a confusing business.

  • Auto slowdown could hurt Johnson Matthey

    Thursday 22 Jul 2010

    Platinum refiner Johnson Matthey has had a strong start to the financial year, but the company, which sells catalysts for cars, warned that second quarter results may be affected by reduced consumer confidence.

  • Bernanke comments blunt risk appetite

    Thursday 22 Jul 2010

    Fed Chairman Ben Bernanke’s Humphrey Hawkins testimony served to put the skids under risk appetite, and sparked a sharp rise in the dollar late last night after he stated that the economic outlook remains “unusually uncertain”, though he was at pains to rule out the likelihood of a double-dip recession.

  • Earnings disappoint at Autonomy

    Thursday 22 Jul 2010

    Autonomy, a heavy hitter in the corporate software world, delivered record first half profits and revenues, but it was not enough to please the market.

  • Santander plans £3bn London float

    Thursday 22 Jul 2010

    Spanish bank Santander is reportedly planning a listing of its UK operations on the London Stock Exchange in move that could raise up to £3bn.

  • Lonmin confident of strong fourth quarter

    Thursday 22 Jul 2010

    South African platinum miner Lonmin saw output from its underground mining operations increase quarter on quarter in the April to June period.

  • SSE offers comforting words on divi

    Thursday 22 Jul 2010

    Energy provider Scottish and Southern Energy (SSE) is on course to deliver expected dividend growth, despite operating in a challenging environment.

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