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Cairn India'ss block claim rejected
Thursday 20 Nov 2008
Cairn Energy subsidiary Cairn India has received a knock-back from the Indian government in its application for a deep water block off the coast of India.
Update: Daily Mail matches forecasts, cutting costs
Thursday 20 Nov 2008
The downturn is hurting the UK consumer media businesses at Daily Mail and General Trust, although the newspaper group’s full year profits matched recent guidance.
Update: Halfords shrugs off slower sales
Thursday 20 Nov 2008
Full year profit is expected to be in line with expectations at car and bicycle parts retailer Halfords following a 3% hike in the first six months despite falling like for like sales.
Afren reduces stake in Ghanaian offshore block
Thursday 20 Nov 2008
Africa focused oil and gas firm Afren has sold a chunk of its interest in the Keta Block, located off the coast of Ghana, to Mitsui.
Protherics revenue rises 16%
Thursday 20 Nov 2008
Half year revenue rose 16% at drug developer and bid target Protherics, which also narrowed losses for the period.
Travel slowdown hits Best of the Best
Thursday 20 Nov 2008
Shares in Best of the Best fell over 10% as it warned that the trading environment since its preliminary results in July, has deteriorated significantly and trading conditions have become increasingly unpredictable.
Hochschild to cut 150 jobs
Thursday 20 Nov 2008
Latin America-focused Hochschild Mining is cutting 150 corporate jobs in reaction to adverse market conditions and lower metal prices.
Aggreko moves into India
Thursday 20 Nov 2008
Temporary power solutions provider Aggreko has been wheeling and dealing, selling one company and buying another.
PayPoint profits grow, trading in line
Thursday 20 Nov 2008
Electronic payment services group PayPoint has grown interim profits by 6% and traded in line with expectations since the end of September.
Wincanton merges chilled operations with Culina
Thursday 20 Nov 2008
Supply chain solutions provider Wincanton has agreed to merge its chilled consolidation activities in the UK with Culina Logistics with effect from 28 March 2009.
Petrofac completes refit of rig
Thursday 20 Nov 2008
Oilfield services company Petrofac has completed the refit of the Northern Producer floating production installation within its target schedule.
Like for like sales fall at Young & Co
Thursday 20 Nov 2008
Pub group and real ale brewer Young and Co’s Brewery said like for like sales on a same outlet basis fell over 3% during September and October and doesn't expect conditions to improve in the short term.
Chemring sees 'excellent' prospects
Thursday 20 Nov 2008
Military decoy producer Chemring said earnings for the year remain in line with expectations, adding that it is confident that its prospects for 2009 are ‘excellent’.
AstraZeneca blocks sales of generic rival in US
Thursday 20 Nov 2008
Pharmaceuticals giant AstraZeneca has put a temporary block on sales of a rival’s generic version of Astra’s Pulmicort Repsules asthma treatment.
IG profit up, sees rise in doubtful debts
Thursday 20 Nov 2008
Spread betting firm IG Group expects to report a 21% rise in first half pre-tax profits but said that it has seen a rise in doubtful debts during October.
Daily Mail profits suffer
Thursday 20 Nov 2008
Daily Mail and General Trust saw underlying profit drop 9%, but the newspaper group plunged into the red on a statutory basis and admitted the short term outlook remains difficult.
National Grid trading in line
Thursday 20 Nov 2008
Power provider National Grid is trading in line with expectations and is “well positioned to deliver low risk, organic growth.”
Mothercare in growth spurt
Thursday 20 Nov 2008
Babycare retailer Mothercare saw group pre-tax profit more than double at the interim stage thanks to rapid growth overseas and in the direct sales channel.
Like for like sales dip accelerates at Halfords
Thursday 20 Nov 2008
Car and bicycle parts retailer Halfords boosted profit by 3% during the first six months, but like for like sales fell 1.1% and have slowed further since the end of the half-year.
Rolls-Royce to axe up to 2,000 jobs
Thursday 20 Nov 2008
Rolls-Royce said it will axe around 4% of its workforce in 2009, with 140 likely to go at the engine maker's assembly and test facility in Derby.

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