Weather Tonight: 9°c Light showers Morning: 14°c Overcast

Business RSS

HEADLINES:
Chewing over their position: Nestlé boss Paul Bulcke and his board fear that a combined Kraft/Cadbury could threaten their market share

Likely bid war for Cadbury sends shares to record high

Cadbury shares raced to another record high this morning as investors bet that a fierce bidding war for control of the 185-year old company is about to breakout  Comments 

Lloyds flushed with success as investors buy £7bn of CoCos

Lloyds claimed strong support as it persuaded investors to swap £7 billion of bonds for new ones known as contingent convertible capital notes, or CoCos, which automatically switch into equity if the bank's capital position weakens to less than 5% of the money out on loan  Comments 

Plastics recycling firm gets basting from LSE

The London Stock Exchange today publicly censured AIM-listed Environmental Recycling Technologies and said it would have fined it if the company’s finances were not in such a parlous condition  Comments 

Stephen Hester

Hester: The worst is over. Business leaders: Oh no it isn’t!

Royal Bank of Scotland chief executive Stephen Hester told CBI delegates that the worst was over for the British economy, but the majority of the audience begged to differ  Comments 

Only half of banks' losses have been revealed, CBI summit told

Global banks have so far only revealed half their losses from the financial crisis, Dominique Strauss-Kahn, head of the International Monetary Fund, told the annual CBI conference in London  Comments 


Eurozone recovery beginning to slow, index suggests

The rate of economic recovery on the continent could be slowing, latest figures reveal  Comments 

For sale signs

‘Lenders ignore rate cuts’

Banks were today accused of profiteering from homeowners during the recession, as it emerged that the average interest charged on variable-rate mortgages is 4.2% higher than the Bank of England’s base rate  Comments 

David Cameron and Gordon Brown

Brown and Cameron join beauty pageant to woo business leaders

Britain's three main party leaders today staged a beauty pageant to woo business support ahead of the General Election  Comments 

Analysis: LSE gets a shrinking feeling as new kids pile on the pressure

If you had suggested, even quite recently, that the London Stock Exchange would one day lose its dominant role as the City’s leading trading platform, everybody would have laughed  Comments 

Murdoch mulls Microsoft move to charge for content

Rupert Murdoch’s News Corporation has held talks with Microsoft about the publisher being paid revenues by Microsoft’s search engine Bing if it “de-indexes” its news content from arch-rival Google  Comments 

Scottish & Newcastle offering free-of-tie leases at dormant pubs

Brewing giant Scottish & Newcastle (S&N) is breaking ranks with the industry to offer 19 pubs free of the controversial “beer tie”  Comments 

Experian rolls out India joint venture

Credit group Experian today announced plans to operate a credit bureau in India, which it will operate through a joint venture with seven local banks  Comments 

Divis hit as water giants are hung out to dry in Ofwat price review

Water giants Severn Trent and United Utilities are set to be hit so hard by this week’s Ofwat price review that they will have to slash their dividends by a fifth  Comments 

Heritage sells Uganda stake to ENI halting Genel merger

A bid battle for Heritage Oil could break out after the independent upstream exploration and production company said its proposed merger with Turkey’s Genel Energy was off and it would instead sell its interests in Uganda to Italian major ENI for £900 million  Comments 

Eurozone recovery beginning to slow, index suggests

The rate of economic recovery on the continent could be slowing, latest figures reveal  Comments 

Heritage on bid alert after Uganda sell-off

A bid battle for Heritage Oil could break out after the explorer said its proposed merger with Turkey’s Genel Energy was off  Comments 

Slump hits Northumbrian

Businesses slowing down or going bust altogether is holding back revenues at Northumbrian Water Group  Comments 

Mitie prepares for boom as firms rush to outsource

Support services and property management group Mitie today said business is doing well as private firms and the Government outsource work to save money  Comments 

Banker wants pay secrecy

A top executive at Royal Bank of Scotland risked outrage and ridicule today after claiming it would be unfair to force banks to publish the salaries of their best-paid staff  Comments 

Waitrose

Waitrose unveils a snack link with Shell

Waitrose today announced plans to sell sandwiches and snacks at some Shell petrol stations, with the aim of rolling out the range nationally if trials succeed  Comments 


Are Gartmore and Jon Moulton right to float now?

chart
Yes
No
More Polls        Today's City Poll

Will a rival bid emerge for Cadbury?

chart
Yes
No
More Polls        Today's City Poll
 
 

 
Market Roundup
MONDAY UPDATE

Morgan Stanley casts cloud over Thomas Cook and Tui

Fresh weakness in the dollar gave a further boost to commodity prices which, in turn, brought in the buyers for mining shares

More



City Spy, cityspy@standard.co.uk

To be Frank, he’s a heroin of our time

“It's been a while since Frank Timis graced City Spy so a big shout out to the former boss of Regal Petroleum who told the market he'd found a whole load of oil in Greece only for it to turn out he hadn't

More

CitiDirect.co.uk - Directory Enquiry Service for UK Businesses

CitiDirect.co.uk - Directory Enquiry Service for UK Businesses
Service Area or postcode
London's Weather
Tonight
Light showers
9°c
Morning
Overcast
14°c
5 day forecast