Business News
World economy grows again but risks remain, warns IMF
Director urges caution as OECD data shows GDP of 30 nations rose 0.8 per cent in Q3
Inside Business News
Heritage Oil sells Ugandan fields to Eni for $1.35bn and backs out of Genel deal
Tuesday, 24 November 2009
Shareholders set for special dividend payout
Creditors back Blacks Leisure rescue plan
Tuesday, 24 November 2009
Yesterday marked a "pivotal moment" for the camping and outdoor equipment retailer Blacks Leisure as creditors backed its rescue plan, saving 4,300 jobs.
Northumbrian profits up as water sector waits for Ofwat
Tuesday, 24 November 2009
Northumbrian Water said lower debt costs helped it to a first-half pre-tax profit hike of 12.8 per cent yesterday, but warned that Thursday's announcement by the water regulator on pricing for the next five years is the "key risk to the business".
Lloyds swings the axe again ahead of rights issue pricing
Tuesday, 24 November 2009
Hundreds of jobs cut but investors back bond issue
AOL unveils rebranding drive to Aol.
Tuesday, 24 November 2009
What do goldfish, four abstract scrawls and an obscene hand gesture have in common? They are all variations of the internet company AOL's new corporate logo as it prepares to split from Time Warner.
Business Diary: Clegg ventures into enemy territory
Tuesday, 24 November 2009
To the CBI shindig, where Britain's political leaders staged their own X Factor contest yesterday. Lib Dem leader Nick Clegg faced more wrath from the business world's Simon Cowells than his rivals, though give him credit for having the guts to tell some of Britain's wealthiest people that he favours new taxes on wealth. One somehow feels the delegate who told Mr Clegg that Gordon Brown had showed more vision for business wasn't being kind to either of them.
Downturn leaves businesses running scared of lenders
Monday, 23 November 2009
Recession is leading to far-reaching changes in British companies, warns CBI boss
700 jobs to go at Lloyds
Monday, 23 November 2009
The Accord trade union said the jobs will go at Lloyds Banking Groups offices in Aylesbury, Buckinghamshire.
Nestlé looking at the possibility of Cadbury offer
Monday, 23 November 2009
Nestlé is considering joining the battle for Cadbury as the US confectionery company Hershey puts the finishing touches to a counter-bid of its own. The British group is currently battling a 750p a share offer from Hershey's US rival, Kraft Foods, with the backing of shareholders who say that the offer is "too low". Cadbury has told all potential bidders that it will fight any bid lower than 850p a share and could even hold out for as much as 900p. Nestlé has not yet decided on whether to pursue an interest but talks at the Swiss company were last night said to be "serious".
Borders UK lines up accountancy firm for potential administration
Monday, 23 November 2009
The troubled book chain Borders UK is thought to have lined up BDO as administrator, if an eleventh hour rescue deal cannot be finalised.
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