Editor's Picks
Manganese Bronze raises £9.4m
Thursday 04 Jun 2009
London black cab maker Manganese Bronze is to raise £9.4m through a placing at 187p to speed up the development of its international operations and a new taxi engine.
Hornby scraps dividend as recession bites
Thursday 04 Jun 2009
Toy racing car and train set maker Hornby scrapped its final dividend as a combination of the weak pound and recession sent profits tumbling.
BG well success in Santos Basin
Thursday 04 Jun 2009
Oil explorer BG Group announced that another well in the pre-salt Santos Basin, offshore Brazil, has encountered hydrocarbons.
UK service sector returns to growth
Wednesday 03 Jun 2009
The UK's service sector showed a surprise return to growth in May, reinforcing hopes that the worst of the recession may be over.
BA passengers down, Ryanair numbers rise
Wednesday 03 Jun 2009
British Airways saw passenger numbers fall in May, with premium traffic slumping the most, while is low-cost rival Ryanair saw numbers rise in the month.
BP, Barclays to close final pension scheme
Wednesday 03 Jun 2009
Two of the UK’s biggest blue chip companies are seeking to limit their enormous pension scheme burden. Oil giant BP is withdrawing the final salary pension option for new recruits. With effect from next April, new employees at BP will be offered a ‘money purchase’ scheme, whereby the pension will be linked to how well the pension fund has performed rather than to the employee’s salary level.
Sterling falls after earlier gains
Wednesday 03 Jun 2009
Sterling slumped lower having reached seven-month highs against the dollar and yearly highs on the euro earlier in the day.
Rights total reaches £35bn
Tuesday 02 Jun 2009
The rights table has received a boost this week after Rio announced $15.2bn cash-call, taking the total this year to near £35bn.
Lloyds management told to face vote
Tuesday 02 Jun 2009
Part-nationalised lender Lloyds Banking has been told to put itself up for re-election to test shareholder support following the ill-fated purchase of rival HBOS last year.
LDV rescue deal collapses
Tuesday 02 Jun 2009
Van maker LDV is back in administration after Malaysian firm Weststar walked away from its planned deal to acquire the Birmingham-based firm.
BP closes final salary scheme to new recruits
Tuesday 02 Jun 2009
Oil giant BP is seeking to limit its enormous pension scheme burden by withdrawing the final salary pension option for new recruits. With effect from next April, new employees at BP will be offered a ‘money purchase’ scheme, whereby the pension will be linked to how well the pension fund has performed rather than to the employee’s salary level.
Consumer confidence up again
Tuesday 02 Jun 2009
UK consumer confidence continued to rise in May, but at a slower rate than April as concerns about the UK economy and rising unemployment weigh on people's minds.
Fuel costs slam Ryanair
Monday 01 Jun 2009
Heavy write-downs on its stake in rival Aer Lingus sent Ryanair deep into the red last year, with underlying profits also sharply lower.
Kingfisher upbeat as B&Q doubles profit
Monday 01 Jun 2009
Doubled profits at B&Q helped Kingfisher's first quarter profit jump by over 40%, with the retailer also hopeful on prospects for the rest of the year.
GM files for bankruptcy
Monday 01 Jun 2009
General Motors has filed for bankruptcy protection, making it the largest industrial firm to go bankrupt in US history.
Dwyka in talks to buy Minerva
Monday 01 Jun 2009
Dwyka Resources has been revealed as the company that made a bid approach for fellow mining firm Minerva Resources in May.
What's in a name?
Monday 01 Jun 2009
If the insurer Norwich Union changing its name to Aviva riled traditionalists, replacing well known names such as Alliance and Leicester and Bradford and Bingley with that of a little-known Spanish port must surely be a step to far.
Banks to vanish at hands of Spanish Armada
Friday 29 May 2009
A 150-year old banking empire named after a port on the north coast of Spain will have wiped out some of Britain’s best known High Street banks by the end of next year.
Lloyds offer deadline may be sooner than you think
Friday 29 May 2009
Lloyds Banking Group shareholders have less than a week to make up their minds whether to participate in the group’s open offer, or in some cases less than a day.
Barclays responds to IPIC divestment
Friday 29 May 2009
Barclays said it hopes to expand its strategic and commercial relationship with the International Petroleum Investment Company (IPIC) despite IPIC’s professed intention to reduce its stake in the UK bank. IPIC has announced plans to offload 1,305m Barclays shares for which its entire holding of Mandatorily Convertible Notes (MCNs) are exchangeable.
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