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Bank of England

CBI sees some UK recovery

Economic growth will gather pace in the second half of this year, making it unlikely the Bank of England will give the economy another cash injection, a leading business lobby has said  Comments (2)
Vodafone

Vodafone eyes Cable & Wireless Worldwide

Vodafone Group, the world's largest mobile operator by revenue, has said it was weighing up an offer for Cable & Wireless Worldwide, and its fixed-line network that could boost bandwidth for its Internet hungry customers  Comments (2)

Heathrow

Heathrow losing out on China traffic

Airport operator BAA said capacity constraints at London's Heathrow airport led to a fall in passenger traffic to China last month with competing European hubs picking up the slack  Comments (4)

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 approves austerity measures after Athens riots

Greek politicians have approved harsh new austerity measures demanded by bailout creditors to save the debt-crippled nation from bankruptcy, after riots in Athens  Comments (4)

Cash machine

Banks lending records to be scrutinised

Banks' lending records are to go under the spotlight after official Bank of England figures confirmed Britain's top five lenders missed targets for smaller businesses in 2011 by more than £1 billion  Comments

Michael Woodford Olympus

Olympus to reveal $410m loss

Japan's scandal-hit Olympus has forecast a $410 million full-year net loss due to its ailing camera business and tax asset writedowns  Comments


Tate & Lyle Refinery

Tate & Lyle blames Europe as Thames refinery jobs go

The American owner of the historic Tate & Lyle sugar refinery on the Thames at Silvertown is planning to shed staff because of new EU restrictions on the industry  Comments (3)

Tesla

Chelsea tractor that is just electrifying...

Environmentalists usually revile them for their gas-guzzling status, but this is one SUV that could become the Chelsea tractor of choice for green mums on the school run  Comments (3)

Bob Diamond

Dip in profits puts the skids under targets at Barclays

Barclays could miss its ambitious, medium-term profitability target, chief executive Bob Diamond has admitted, as the bank reported a 3% fall in annual profits to £5.9 billion  Comments (10)

Domain firm on the dot with another £9m

An AIM-listed firm that sells website addresses today raised a further £9 million from investors  Comments (1)

Panama

CWC on the slide after message of poor progress in Panama

Cable & Wireless Communications saw its shares fall more than 8% after the emerging-markets telecoms firm warned its business in Panama "has not progressed as planned"  Comments

NYSE Euronext profits slip amid slow trading

Further evidence of just how sluggish the end of last year was for the financial sector has come with results from the NYSE Euronext stock exchange giant  Comments

Croydon's Centrale new plans

Hammerson plans £50m Croydon retail development

Hammerson is to stump up £50 million to re-develop its shopping centre in Croydon  Comments (1)

Carnaby Street

Games blip alert as Shaftesbury booms

Business is booming for London landlord Shaftesbury but the firm braced the City for a Olympic blip later this year as "outrageous" hotel prices deter visitors from the West End  Comments

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

Stacey Cartwright approved

Luxury brands set for a jubilee bonanza

London's luxury brands are gearing up for street parties and exhibitions to cash in on the Queen's Diamond Jubilee this June  Comments

Mervyn King

New inflation fear as oil spike raises industry costs

A sudden spike in crude oil prices pushed up manufacturers' costs in January, giving the Bank of England a fresh inflation warning a day after it voted to pump an extra £50 billion into the struggling UK economy  Comments (4)

Barclays

Osborne's bank levy take is likely to miss £2.5bn target

Chancellor George Osborne could miss his target of raising £2.5 billion a year through the UK bank levy after Barclays said it is paying a lower-than-expected £325 million for 2012.  Comments

Greek protesters

Greek bailout snag sends jitters through markets

Stock markets wobbled and jittery investors are seeking safe havens, as struggling Greece was denied vital bailout funds by Europe's finance ministers  Comments (12)

Weir extends buy spree with £200m Aussie bid

Weir Group, the deal-hungry FTSE 100 pump manufacturer, has revealed yet more appetite for acquisitions when it made an A$294 million (£200 million) hostile takeover bid for an Australian mining equipment maker  Comments

Flybe

UK passenger revenues at Flybe under a cloud

More evidence of turbulence in the aviation sector emerged today as Flybe's UK passenger revenues fell in the four months since October  Comments

Surprise dive into the red by Tata Steel

Tata Steel gave a nasty glimpse of just how bad things are looking in Europe as the steel giant reported a surprise quarterly loss  Comments


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Market Roundup
FRIDAY UPDATE

Investec says Carnival is set to weather Concordia storm

Four weeks to the day that the Costa Concordia ran aground off the coast of Italy, the ship's owner Carnival was sailing up on claims it is on course for a full recovery

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City Spy, cityspy@standard.co.uk

Raging about Hester pay

Light the blue touchpaper and retire. Or ask Peter Hargreaves, founder of FTSE-100 financial services provider Hargreaves Lansdown what he thinks of Royal Bank of Scotland boss Stephen Hester's bonus row

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