Editor's Picks
Shareholders tuck into rights issues
Saturday 11 Apr 2009
The take-ups of rights issues already announced have been encouraging, with acceptances for all but one company above 90%.Money to be raised from rights issues has topped £22bn this year as shareholders have dug deep to back the cash calls, with acceptances averaging 95% from the companies that have announced take-up results.
Coca-Cola is Innocent, OK?
Friday 10 Apr 2009
The decision by Innocent Drinks, the ‘right-on’ fruit smoothie drinks firm, to sell a minority stake in the company to Coca-Cola raised a few eyebrows, but the company is just treading a well-worn path travelled by ethically conscious companies seeking greater commercial success.
Shareholders tuck into rights issues
Thursday 09 Apr 2009
The take-ups of rights issues already announced have been encouraging, with acceptances for all but one company above 90%.
Small caps embarrass the big boys
Thursday 09 Apr 2009
Investors have had little to cheer about over the past three months as the recession continues to blast stock markets, although a number of the smaller fish have enjoyed spectacular success.
Investors braced for US first quarter results
Thursday 09 Apr 2009
Before investors get too excited about recent talk of the green shoots of recovery, they should perhaps wait until the first quarter results season gets properly underway in the US.
Holidaymakers take to the roads
Thursday 09 Apr 2009
Ten million drivers are expected to take to the roads in Britain over the Easter break, the Automobile Association (AA) said, as holidaying in the UK makes a comeback. UK tourism body Visit Britain says many British leisure companies have reported an upsurge in bookings this Easter compared with last, with self-catering and camping
Easter holidaymakers take to the roads
Thursday 09 Apr 2009
Ten million drivers are expected to take to the roads in Britain over the Easter break, the Automobile Association (AA) said, as holidaying in the UK makes a comeback. UK tourism body Visit Britain says many British leisure companies have reported an upsurge in bookings this Easter compared with last, with self-catering and camping holidays proving especially popular with the belt-tightening crowd.
Bank of England keeps rates on hold
Thursday 09 Apr 2009
The Bank of England has kept interest rates unchanged at 0.5%, bringing to an end a run of cuts that’s taken borrowing costs to their lowest in 315 years.
Barclays sells iShares to CVC for $4.4bn
Thursday 09 Apr 2009
Barclays has agreed to sell its asset management business iShares to Blue Sparkle, a new limited partnership established by private equity firm CVC Capital Partners, for $4.4bn (£3bn). The bank will provide debt financing of $3.1bn for the deal and expects to make a net gain of $2.2bn, or £1.5bn, taking into consideration goodwill of $1.4bn.
Autonomy to excel, signs up T-Mobile
Thursday 09 Apr 2009
Autonomy kept up its tradition of exceeding market expectations by forecasting that first quarter results for 2009 will be better than expected. The in-house search software specialist expects to report record first quarter results, with revenues likely to fall within the range of $128m - $130m, compared to market consensus estimates of $126m.
Japan unveils $154bn stimulus plan
Thursday 09 Apr 2009
The Japanese government has unveiled a $154bn economic stimulus package to help steer the country's economy away from a deep recession.
German govt makes offer for Hypo Real Estate
Thursday 09 Apr 2009
The German government has launched a takeover of troubled lender Hypo Real Estate.
Bank of England keeps rates on hold
Thursday 09 Apr 2009
The Bank of England has kept interest rates unchanged at 0.5%, bringing to an end a run of cuts that’s taken borrowing costs to their lowest in 315 years. Fears about bank’s spreads and the impact further cuts might have on their willingness to lend may have been behind the decision. Rates have been cut six times in a row, down from 5% in October.
German govt makes offer for Hypo Real Estate
Thursday 09 Apr 2009
The German government has launched a takeover of troubled lender Hypo Real Estate.
Easter egg sales help Waitrose
Thursday 09 Apr 2009
Strong demand for Easter eggs boosted sales at Waitrose last week, but the tills were quieter at John Lewis department stores where takings fell 6.7%.
Food prices surge on weak pound
Wednesday 08 Apr 2009
Shop prices rose again last month as the weak pound continued to push up the price of domestic food, according to the British Retail Consortium (BRC).
Comment: Pace tuned in to recession-proof trends
Wednesday 08 Apr 2009
The 43% surge in digital TV equipment Pace’s value today shows how companies adapting to lifestyle trends that are continuing in spite of the recession can prosper in the current environment.
Comment: Pace tuned in to recession-proof trends
Wednesday 08 Apr 2009
The 43% surge in digital TV equipment Pace’s value today shows how companies adapting to lifestyle trends that are continuing in spite of the recession can prosper in the current environment.
Food prices surge on weak pound
Wednesday 08 Apr 2009
Shop prices rose again last month as the weak pound continued to push up the price of domestic food, according to the British Retail Consortium (BRC).
HSBC adds £1bn to mortgage lending pot
Wednesday 08 Apr 2009
HSBC has set aside £1bn to fund a new range of mortgages as part of its promise to boost lending to homebuyers by 20% in 2009.
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