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Osb and mervyn

Relief for Sir Mervyn as inflation takes a tumble

Bank of England Governor Sir Mervyn King has gained a major victory in his battle to bring down the spiralling cost of living as inflation in January dropped to its lowest level for more than a year  Comments (5)
Yell

Yell dives as print blow outstrips digital leap

Beleaguered Yellow Pages directories publisher Yell has seen its shares plunge as much as a quarter after a worse-than-expected slump in revenues  Comments (1)

Rio Tinto

BHP and Rio bet on copper with mine expansion

The future is looking copper-coloured for BHP Billiton and Rio Tinto after the mining giants announced plans to invest $4.5 billion (£2.9 billion) to expand the world's biggest mine for the metal  Comments (1)

Piggy bank savings

Why saving may start to make sense again - just

Long-suffering savers at last had some good news today when inflation fell below 4%, meaning there are now seven standard savings accounts paying out a real rate of return  Comments

Euro

City says timing wrong in Moody's UK rating threat

City economists have raised doubts over the timing of the threat by rating agency Moody's to slash the UK's AAA sovereign credit score, arguing that the economy is showing signs of life this year  Comments (2)

Intercontinental Hotels

Hotel giant goes for Olympic gold as profits wow the City

Hotelier InterContinental Hotels is looking to emerging markets and especially China to drive future growth  Comments

Fashion book

Bloomsbury takes a new passage to India

Publisher Bloomsbury is to set up a new business in India to take advantage of rapidly growing demand from the country's English-speaking middle class  Comments


Lloyd's of London

Thai disaster floods Lloyd's with a bill for £1.4 billion

Thailand's worst flooding in 50 years last October will cost the Lloyd's of London insurance market $2.2 billion (£1.4 billion), it has warned  Comments

Japan

Bank of Japan increases stimulus to boost growth

Bank of Japan has added 10 trillion yen (£83 billion) to its 20 trillion yen pool of funds set aside for asset purchases in a surprise move  Comments

Box of tricks: DIY tools can be expensive to buy

Brammer sees profits jump

Industrial services group Brammer has posted a 41% jump in full-year pretax profit on strong demand  Comments

First-time buyers

Stamp duty date sparks a rush by first-time buyers

First-time buyers spent £2.3 billion getting on the property ladder in December - a 10% rise on the previous month - in a bid to take advantage of the stamp duty holiday which ends next month  Comments

Vodafone car

Vodafone bid could rescue CWW from the doldrums

Long-suffering investors in Cable & Wireless Worldwide have seen a light at the end of the tunnel as Vodafone admitted it was weighing up a bid for the bombed-out corporate telecoms supplier  Comments (3)

Michael Woodford Olympus

Facing a huge loss, scandal-hit Olympus forced to look at tie-ups

Scandal-hit Japanese camera and medical equipment maker Olympus has said it expects to have lost 32 billion yen (£260 million) in the year which ends next month  Comments (1)

Japan's tsunami setback

Floods in Thailand and a strong yen did heavy damage to Japan as the world's second-biggest economy floundered in the final quarter of 2011, official figures has shown  Comments

Job centre

Job prospects to worsen

Job prospects are set to worsen in the coming months as firms make workers redundant, but job prospects in London are better than elsewhere, a report has warned  Comments

Greece parliament

Greek vote for more cuts boosts share prices over Europe

Shares surged across Europe after Greece pushed through a fresh package of austerity measures needed to secure fresh bailout cash and save it from bankruptcy  Comments (19)

Carlyle cashes in with £650m ATMs sale to Japanese rival

United States private-equity firm Carlyle is to double its money by selling UK cash systems and automatic teller machines business Talaris to a Japanese rival in a deal worth £650 million  Comments

Greek protests

Greeks must quickly implement cuts

The Greek government has been challenged to "sell" its latest austerity deal to the public and end a "spiral of unsustainable finances"  Comments (4)

Job centre

'True' jobless total is 6.3m

Unemployment could be as high as 6.3 million in the UK if a different counting measure was used, highlighting the true scale of joblessness, according to a new report  Comments (2)

Planes

Heathrow boss warns on China hit

The boss of Heathrow today warned capacity constraints were "damaging the UK economy when the country can least afford it" after the number of passengers flying between the UK and China fell for a fourth consecutive month  Comments (12)

Goldsmiths

Aurum gold jeweller's sale hope

Jewellery group Aurum Holdings has delivered a sparkling jump in operating profits as its owners mull a sale of the company  Comments

'Zombies' on the brink

Growing numbers of "zombie" companies, corporate walking dead staggering on under unsustainable debt burdens, will be tipped over the edge this year by government cuts and a consumer spending squeeze, a report has warned  Comments

Greek protests

Footsie hits six-month high after Greeks agree new cuts

Greece's begrudging approval of swingeing cuts in return for a €130 billion (£109 billion) financial rescue has pushed the FTSE 100 to a six-month high,  Comments (1)

Peppa pig

Peppa Pig in a trough

Nearly a fifth has been lost from the market capitalisation of Entertainment One, the media firm, after it ditched plans to sell the company  Comments (1)

Fidessa warns City slowdown is hurting

Fidessa, supplier of trading software to broking firms and investment banks, has warned that it expects a slowdown in revenue growth this years as its customers struggle to do business  Comments

Mining

Abramovich set to increase stake in Russian gold miner

Roman Abramovich, the billionaire owner of Chelsea Football Club, is preparing to strengthen his grip on Russia's vast resources industry  Comments


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City Spy, cityspy@standard.co.uk

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