Editor's Picks
Capita purchase of IBS ruled anti-competitive
Tuesday 31 Mar 2009
Support services giant Capita could be forced to sell all or part of recent acquisition IBS OPENSystems after the Competition Commission ruled the deal could be damaging. In a provisional ruling, the Commission said the deal could damage competition in the market for the supply of revenues and benefits software to local authorities in the UK.
No 'ruse' to overpay ex-RBS chief Sir Fred
Tuesday 31 Mar 2009
Sir Tom McKillop was not involved in an "elaborate ruse" to pay ex-RBS boss Sir Fred Goodwin any more of a pension than he was contractually obliged to, the former RBS chairman said today. He also accused Treasury Minister Lord Myners of being "unfair and unjustified" in his allegations that McKillop and other RBS directors tried to cover up the circumstances of the pension controversy.
Barclays says CVC preferred bidder for iShares
Tuesday 31 Mar 2009
Barclays has confirmed that private equity firm CVC Capital Partners is now the preferred bidder for its asset management business iShares.
ISA themes 2009: US recovery
Tuesday 31 Mar 2009
The global downturn has plunged America’s economy into the worst recession since the Great Depression of the 1930s, but some experts think betting on a US recovery might not be a bad idea as talk of green shoots gets louder.
World Bank and OECD cut global forecasts
Tuesday 31 Mar 2009
The World Bank and the Organisation for Economic Cooperation and Development (OECD) have cut their economic outlook for emerging nations.
Clinton Cards bank facilities extended, profits dive
Tuesday 31 Mar 2009
Interim profits have almost halved at Clinton Cards, but the greeting card retailer has negotiated an extension of its bank facilities.
Chrysler agrees Fiat tie-up framework
Tuesday 31 Mar 2009
US carmaker Chrysler said it has agreed a framework of a global alliance with Italian peer Fiat, supported by the US Treasury.
Focus on value steadies M&S
Tuesday 31 Mar 2009
A solid performance from its food arm helped Marks & Spencer's sales come in ahead of forecasts in the fourth quarter. On a like-for-like basis UK sales in the three months to March fell 4.2%, not as bad as the expected fall of 6.5-7.5%. General Merchandise was down 4.8% and Food 3.7% lower. In the previous three months, sales fell 7.1%. Group sales in total rose by 1.9% with UK sales down 0.3%.
GSK to sell Shire's Vyvanse in USA
Tuesday 31 Mar 2009
Shire Pharmaceuticals has signed a co-promotion agreement with fellow pharmaceutical company GlaxoSmithKline whereby Glaxo's sales force will promote Shire's Vyvsanse drug. The agreement lasts for three years and covers the USA. The agreement is based on profit-sharing above an agreed-upon baseline figure.
Focus on value steadies M&S
Tuesday 31 Mar 2009
A solid performance from its food arm helped Marks & Spencer's sales come in ahead of forecasts in the fourth quarter. On a like-for-like basis UK sales in the three months to March fell 4.2%, not as bad as the expected fall of 6.5-7.5%. General Merchandise was down 4.8% and Food 3.7% lower. In the previous three months, sales fell 7.1%. Group sales in total rose by 1.9% with UK sales down 0.3%.
Barclays shuns govt asset scheme
Monday 30 Mar 2009
Barclays has decided not to sign up to the government’s asset protection scheme and said talks regarding the sale of its iShares business are progressing well.
Last minute cash ISA deals
Monday 30 Mar 2009
With only a few days to go until the end of the current individual savings account (ISA) season, suppliers are upping the ante to try to attract last minute savers.
GM chief ousted, Chrysler told to merge
Monday 30 Mar 2009
The Obama administration has ousted the chairman and chief executive of General Motors and is demanding Chrysler merge with another rival as part of its new bail-out package.
GM chief ousted, Chrysler forced to merge
Monday 30 Mar 2009
The Obama administration has ousted the chairman and chief executive of General Motors and is demanding Chrysler merge with another rival as part of its new bail-out package.
Hope for housing market
Monday 30 Mar 2009
Further signs have emerged that the housing market may have bottomed out as prices fell at their slowest pace in 10 months in March and mortgage approvals rose to a nine-month high.
Last minute cash ISA deals
Monday 30 Mar 2009
With only a few days to go until the end of the current individual savings account (ISA) season, suppliers are upping the ante to try to attract last minute savers.
Nationwide saves Dunfermline
Monday 30 Mar 2009
The Nationwide has snapped up the best bits of the troubled Dunfermline Building Society as part of a government-backed rescue. Nationwide will take over the retail deposits of about 300,000 Dunfermline customers worth £2.3bn, as well as good loans and £1.02bn of prime mortgages, its branches and staff.
March results - The Good, The Bad and The Ugly
Friday 27 Mar 2009
During the busy month of results, it has become clear that more companies have posted results that have been better than last year and above expectations.
Cash strong companies outperform by a distance
Friday 27 Mar 2009
Research shows that companies that are currently holding enough cash to pay down all of their debts for the next year have dramatically outperformed the FTSE-100 benchmark by 22% over the last year.
Deadline looms for Investment Trust ISAs
Friday 27 Mar 2009
Time is getting short for those investors yet to decide on where to put their money in this year’s ISA season.
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