
Thu, 11 Mar 2010 19:16:46 GMT
Ex-Cazenove partner jailed for 21 months
Malcolm Calvert, a former partner at Cazenove, has been sentenced to 21 months imprisonment for insider dealing in the shares of three UK companies.
Thu, 11 Mar 2010 15:43:52 GMT
Court bars EMI from selling Pink Floyd downloads
Dave Gilmour’s wish for people not to “take a slice of my pie” in Pink Floyd’s hit Money was fulfilled today as the band triumphed in a court battle with its record label.
Thu, 11 Mar 2010 14:53:53 GMT
Air France-KLM sues Ryanair over 'subsidies'
European airport authorities subsidise Ryanair to the tune of at least €11 (£10) per passenger, Air France-KLM claimed today as it filed a lawsuit in Brussels against the low-cost carrier.
Thu, 11 Mar 2010 13:46:31 GMT
Johnston Press warns of fresh jobs cull
Johnston Press warned today that further job losses at the regional newspaper group were “inevitable” as its pre-tax profits fell 56 per cent last year to £43 million.
Thu, 11 Mar 2010 12:33:06 GMT
Nokia patents the first self-charging phone
You’re at work, on holiday, or halfway through a vital conversation about last night’s television. Suddenly, you realise the phone’s battery is about to run out. It’s a very modern disaster, but one that could soon be at an end.
Thu, 11 Mar 2010 11:54:07 GMT
HSBC admits huge scale of Swiss data theft
An estimated 24,000 clients of HSBC Private Bank in Switzerland had personal details stolen in a data theft three years ago, a far higher number than originally thought and "highly likely" to include British customers, the bank acknowledged today.
Thu, 11 Mar 2010 11:37:11 GMT
Inflation worries stay muted in February
Consumers expect inflation to fall back to 2.5 per cent over the next year, figures indicate today, in some welcome news for the Bank of England.
Thu, 11 Mar 2010 10:55:03 GMT
'Smoking gun' memo reveals Toyota workers' safety fears
Toyota was forced today to turn over to United States congressional investigators a “smoking gun” memo produced by its own factory workers that warned management as far back as 2006 of systemic threats to car safety.
Thu, 11 Mar 2010 10:00:29 GMT
Bumper bonuses at John Lewis as profits jump
Staff at John Lewis Partnership are to share a bonus payment of £151.3 million, after the retail group reported a 9.7 per cent rise in full year pre-tax profits to £306.6 million.
Thu, 11 Mar 2010 09:39:40 GMT
AstraZeneca inks first generic drugs deal
AstraZeneca today unveiled its first partnership with a generics drugs maker, a move that gives it a fresh portfolio of cheap medicines to sell in developing markets as it braces for the loss of patents on several blockbuster medicines.
Thu, 11 Mar 2010 09:26:58 GMT
Cineworld profits from 3-D films boom
Investment in 3-D technology led Cineworld, the cinema chain, to report robust profits for the year, with strong ticket sales leading to an 11.5 per cent increase in revenues to £333.4 million for the 53 weeks to December 31.
Thu, 11 Mar 2010 08:50:46 GMT
Knights coup as Nomura joins Round Table
The Red Knights, the group of investors seeking to buy Manchester United from the Glazer family, confirmed today that they had recruited Nomura, the investment bank, to advise them.
Thu, 11 Mar 2010 08:27:50 GMT
Argos and Homebase sales shiver in the snow
Home Retail Group, the owner of Argos and Homebase, admitted today to a drop in sales at both since the beginning of 2010, but insisted that full-year profits were likely to be better than expected.
Thu, 11 Mar 2010 08:02:40 GMT
Old Mutual hoists for sale sign over US arm
The chief executive of Old Mutual promised further asset sales from the Anglo-South African group's sprawling financial empire as he unveiled a partial float for its US asset manager and a sale of the American life arm.
Thu, 11 Mar 2010 07:48:42 GMT
JD Wetherspoon drinks in record profits
JD Wetherspoon, the pubs operator, reported record first-half profits of £36.2 million today and said that it would restore the dividend payments that it suspended one year ago after the recession yielded a collapse in trade.
Thu, 11 Mar 2010 07:40:40 GMT
BP buys assets in Brazil for $7bn$
BP, the oil company, has acquired a string of assets in Brazil from Devon Energy, a US company, in a $7 billion ($£4.2 billion) deal that has placed it at the centre of one of the most promising regions in the world for oil exploration.
Thu, 11 Mar 2010 07:35:20 GMT
Small could be beautiful for Wm Morrison
Wm Morrison, Britain’s fourth-biggest supermarket chain, promised today to open more small stores as it confirmed that its new chief executive, Dalton Philips, would take up his role on March 29.
Thu, 11 Mar 2010 00:01:21 GMT
Japanese gaming to profit from child subsidies
Japan's gambling industry is expected to be an unlikely beneficiary of a national child subsidy scheme, which aims to shower parents with cash and encourage young couples to start families.
Thu, 11 Mar 2010 00:01:00 GMT
We can bear £2bn-a-year cost of building high-speed rail network, says Adonis
The building of a high-speed rail network linking London, Birmingham and the great conurbations of the North, to be outlined in Parliament today, would cost at least £2 billion a year for more than a decade, The Times has learnt.
Thu, 11 Mar 2010 00:01:00 GMT
If interest rates rise, our prospects plummet
Gordon Brown really did save the world economy in the autumn of 2008, when he became the first leader of a leading nation to offer unlimited government guarantees to every bank in the country. But does the success of the bold financial policies he adopted 18 months ago make him the right leader for Britain in the recovery phase that now lies ahead? That was the central claim of the big speech the Prime Minister delivered at Canary Wharf yesterday.
Thu, 11 Mar 2010 00:01:00 GMT
BP tipped to seal Brazilian offshore deal
BP has emerged as a front-runner to buy $5 billion ($£3.3 billion) of oil assets from Devon Energy, the independent US oil and gas producer.
Thu, 11 Mar 2010 00:01:00 GMT
Roy Stanley behind £70 million SEV US bid
Roy Stanley, the former chairman of Tanfield Group, is orchestrating an unusual plan to take over the company’s main electric vehicles division in a £70 million conditional proposal that sent its shares racing 46 per cent higher.
Thu, 11 Mar 2010 00:01:00 GMT
Tube Lines looting London, says the Mayor
London Underground must find an extra £460 million to finance the upgrade of the Northern and Piccadilly lines.
Thu, 11 Mar 2010 00:01:00 GMT
City excited by predator stalking Tullett Prebon
Shares in Tullett Prebon jumped almost 26 per cent as the inter-dealer broker (IDB) said that it was in the sights of a predator. At yesterday’s 390p closing price, the company, run by Terry Smith, is worth £840 million.
Thu, 11 Mar 2010 00:01:00 GMT
Costain sees nuclear future
The boom in school and hospital building is over and the future of civil engineering is nuclear, according to Costain, the engineering and construction group.
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