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HSBC to axe 500 in UK
Tuesday 02 Dec 2008
Banking giant HSBC confirmed today that 500 jobs will go in the UK following "a review of the business and current economic conditions".
Fresnillo makes offer for MAG Silver
Tuesday 02 Dec 2008
Mexican silver miner Fresnillo’s subsidiary Fresbal Investments has made an offer to buy the remaining shares of MAG Silver, the silver miner in which Fresnillo has a 20% stake.
Gem Diamonds sells 478 carat diamond
Tuesday 02 Dec 2008
Gem Diamonds and the Government of the southern African Kingdom of Lesotho have sold a 478 carat white diamond for $18.4m to the manufacturing arm of Graff Diamonds.
May Gurney H1 profit flat
Tuesday 02 Dec 2008
Shares in construction services firm May Gurney fell after it reported flat half year pre-tax profit but remains positive because of its 'resilient income stream.'
Market woe for Wogen
Tuesday 02 Dec 2008
Sharply lower metal prices have forced trader Wogen to take significant write-downs in its inventories for September year-end and as a consequence results will be materially lower than the previous year.
Stylo November trading below expectations
Tuesday 02 Dec 2008
Shares in shoe retailer Stylo fell over 21% after it confirmed that trading in the four weeks since 31 October 2008 has been below its expectations.
Update: Thomas Cook confident after profit boost
Tuesday 02 Dec 2008
Confident travel operator Thomas Cook has boosted full year profit, raised merger synergy targets and says current trading is in line with expectations.
BlueStar 'satisfied' with profit hike
Tuesday 02 Dec 2008
Chinese video surveillance firm BlueStar SecuTech boosted half year net profit by 11% and sales by two-thirds, in line with expectations.
Update: Tesco jumps on sales growth
Tuesday 02 Dec 2008
Tesco reported its worst UK sales growth performance in over a decade, but shares in Britain’s leading supermarket jumped after the 2% rise in third quarter like-for-like sales still came in slightly better-than-expected.
Intertek pays over £3m for Polish lab
Tuesday 02 Dec 2008
Safety services provider Intertek has snapped up EKO-LAB, an analytical food testing laboratory near Warsaw, Poland, for up to £3.3m in cash.
OMG confident for 2009
Tuesday 02 Dec 2008
Film animation specialist OMG reported a strong rise in annual revenue and is confident that is well positioned for 2009 despite the economic climate.
Datong swings to loss, FY on track
Tuesday 02 Dec 2008
Intelligence gathering equipment producer Datong swung to a first half loss but said it still believes it will meet full year market expectations.
Real Good Food to make £0.5m profit
Tuesday 02 Dec 2008
Food ingredients distributor Real Good Food has forecast a profit this year of £0.5m, down from £4m, with tough conditions persisting for its sugar and bakery division.
Vedanta launches $250m share buyback
Tuesday 02 Dec 2008
India-focused miner Vedanta Resources said it will spend $250m to buy back up to 10% of its shares.
Telford Homes dumps divi
Tuesday 02 Dec 2008
Telford Homes has done away with the interim dividend as the East London-focused residential property developer battles to cope with the worst conditions it’s ever faced.
Park Group narrows H1 losses
Tuesday 02 Dec 2008
Financial services company Park Group narrowed half year pre-tax losses and expects good results for the full year.
Axeon chief goes after warning
Tuesday 02 Dec 2008
Hamish Grant, chief executive of lithium-ion battery maker Axeon, has stepped down following a warning that profits this year will be "considerably" below expectations.
ITE profit up, increases divi
Tuesday 02 Dec 2008
Russia and CIS focused exhibitions group ITE upped its dividend by 18% after reporting a 2% rise in full year pre-tax profit, but said it expects little or no growth in like-for-like volume sales this year.
Game still confident for current year
Tuesday 02 Dec 2008
Computer and video game retailer Game reiterated both its previous guidance for the current year and confidence over its results for the year, despite sales slowing recently.
Character halves profit, no divi
Tuesday 02 Dec 2008
Annual pre-tax profit more than halved at toy maker Character Group as it struggled against a weaker than expected retail environment and exceptional costs related to a product recall.

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