Editor's Picks
Housing market still in the doldrums
Thursday 30 Apr 2009
New figures from the Nationwide have dashed hopes that the UK housing market has started to recover, with prices down 0.4% in April. The news will disappoint many who thought the 0.9% increase reported in March, the first rise since October 2007, heralded the start of a turnaround. An average home now costs £151,861, down 15% on the same time last year
LDV in final scramble for cash
Wednesday 29 Apr 2009
Struggling van maker LDV has today filed for administration, putting hundreds of jobs at risk.
Obama: How his first 100 days compare
Wednesday 29 Apr 2009
The first 100 days of any new Presidency are always closely scrutinised by the markets, but none more so than the present incumbent, who has inherited an economy in the worst shape since World War II.
US economy shrinks 6.1% in Q1
Wednesday 29 Apr 2009
The American economy shrank by 6.1% during the first quarter, far more than the 4.7% annualised rate analysts had predicted. The dismal performance follows contraction of 6.3% in the final quarter of 2008. Today’s numbers shocked experts and dampened hopes that the US economy will recover any time soon.
Easter helps retail sales to 15-month best
Tuesday 28 Apr 2009
Retailers witnessed an unexpected rise in sales this month, with the CBI’s distributive trades survey revealing the first positive balance in 13 months.
Home Retail profit down 24%, tough outlook
Tuesday 28 Apr 2009
DIY retailer and Argos owner Home Retail Group reported a 24% drop in full-year profits and said it expects a difficult trading environment ahead.
Travel firms cancel flights as flu panic continues
Tuesday 28 Apr 2009
The outbreak of swine flu is hurting global stock markets for a second day as investors mull the potential damage to the economy.
WPP pessimistic on operating margins
Tuesday 28 Apr 2009
WPP, the advertising group run by Sir Martin Sorrell, said like-for-like revenues were down in the first quarter and are likely to have been below budgeted levels.
Deutsche Bank swings back to profit
Tuesday 28 Apr 2009
Deutsche Bank has become the latest major bank to report a return to profit in the first quarter of 2009.
Shell profits slump as oil price slides
Tuesday 28 Apr 2009
A collapse in the crude price led to a sharp drop in earnings at oil giant Shell over the first quarter. On a current cost of supplies (CCS) basis, earnings fell to $3.3bn from $7.8bn as revenue excluding duties and other levies fell to $58.2bn from $114.3bn. The price of a barrel of oil, which sat just below $100 this time last year, has been well below $50 for much of the first quarter of 2009.
GM to slash 23,000 jobs, scrap Pontiac
Monday 27 Apr 2009
US auto giant General Motors announced plans to cut more jobs, scrap its Pontiac brand and slash 42% of its dealer network as part of a last-ditch restructuring effort.
'Sell in May' - fact or fiction?
Monday 27 Apr 2009
As we head in to the summer and hopefully sunny weather and long evenings, one of the oldest sayings in the City gets its annual dust-off.
BP profits plunge
Monday 27 Apr 2009
A slump in oil prices since last summer’s record highs has sent BP’s profits tumbling 62% during the first quarter.
Comment: Can ASOS sustain its growth?
Monday 27 Apr 2009
Online fashion retailer ASOS yet again confounded the retail gloom and posted another set of impressive growth figures.
Swine flu fears hit travel stocks
Monday 27 Apr 2009
The outbreak of swine flu is causing alarm throughout the world and is also having an effect on global stock markets. Callous though it may seem, traders have been endeavouring to work out the winners and losers from a pandemic scenario. The H1N1 influenza virus has already caused the deaths of at least 20 people in Mexico, with another 80 or so deaths also possibly caused by the epidemic.
Aviva strengthens capital position
Monday 27 Apr 2009
Benefits of a weak sterling helped Aviva lift life and pension sales by 11% in the three months to March, while the group's surplus capital also increased. Aviva shares have endured a turbulent ride in recent months on fears it would not be able to afford its dividend, but today it said the group's solvency surplus rose to 25% to £2.5bn at end March.
German consumer confidence stable
Monday 27 Apr 2009
German consumer climate continued to be stable despite the economic crisis, according to the GfK consumer climate survey.
Monday newspaper round-up: Swine flu, Prudential, 3I
Sunday 26 Apr 2009
Travel and hotel groups are braced for a turbulent ride today as stock markets react to fears over the strain of swine flu that was reported to have killed up to 71 people and closed much of public life in Mexico at the weekend.
Ford losses lower than feared
Friday 24 Apr 2009
Shares in Ford motored ahead after the car maker posted a smaller than expected loss.
Aviva strengthens capital position
Friday 24 Apr 2009
Benefits of a weak sterling helped Aviva lift life and pension sales by 11% in the three months to March, while the group's surplus capital also increased. Aviva shares have endured a turbulent ride in recent months on fears it would not be able to afford its dividend, but today it said the group's solvency surplus rose to 25% to £2.5bn at end March.
You are here: news > editors picks
10 Lower Thames St,
London EC3R 6EN