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- Halfords Taps Into "staycation"
- By James DaveyLONDON (Reuters UK) - Car parts to bicycles retailer Halfords HFD forecast second-half earnings growth as it posted a 24 percent rise in first-half profit fuelled by the "staycation" fad for holidays closer to home.The company has fared better than many British retailers in the recession as demand...
- News items 2009-11-19
- Draft Bank Law Confirms Tougher Watchdog Powers
- By Huw JonesLONDON (Reuters UK) - Britain's financial watchdog will have powers to claw back bank bonuses that breach globally agreed rules on remuneration and force hedge funds to provide data, a draft law published on Thursday showed.The draft law's main provisions were announced by the government on Wednesday and...
- News items 2009-11-19
- Borrowing Forecasts Under Threat
- By Fiona Shaikh and David MillikenLONDON (Reuters UK) - Public finances deteriorated almost twice as fast as expected last month, raising the risk the government will have to raise its borrowing forecasts when it unveils its pre-budget report next month.Official data showed public sector net borrowing jumped to 11.419 billion...
- News items 2009-11-19
- Reckitt Up on Talk of Colgate Link
- By David JonesLONDON (Reuters UK) - Reckitt Benckiser RB shares rose as much as 3.7 percent on Thursday on a report of a link-up with U.S. peer Colgate Palmolive CL, but analysts were sceptical over an immediate tie-up between the two.A spokeswoman at the household cleaning goods group had no...
- News items 2009-11-19
- Lending to Businesses Contracts Again
- LONDON (Reuters UK) - The flow of lending to businesses contracted for an eighth consecutive month in September as firms continued to use funds raised on capital markets to pay down bank debt, the Bank of England said on Thursday.The central bank's "Trends in Lending" report also showed major banks...
- News items 2009-11-19
- Lending to Businesses Contracts Again
- LONDON (Reuters UK) - The flow of lending to businesses contracted for an eighth consecutive month in September as firms continued to use funds raised on capital markets to pay down bank debt, the Bank of England said on Thursday.The central bank's "Trends in Lending" report also showed major banks...
- News items 2009-11-19
- Retail Sales Up in October
- LONDON (Reuters UK) - Retail sales rose slightly less than expected in October, while the public finances deteriorated more sharply than thought in the month, the Office for National Statistics said on Thursday.The ONS said sales rose 0.4 percent last month, slightly below forecasts for a rise of 0.5. That...
- News items 2009-11-19
- Fed Officials Play Down Impact of Weak Dollar
- By Kevin Plumberg and Neil ChatterjeeHONG KONG/SINGAPORE (Reuters UK) - Federal Reserve officials on Thursday downplayed the consequences of the falling U.S. dollar, underscoring that deflation is still a threat, especially with commercial real estate prices falling.Dallas Fed President Richard Fisher said in an interview with Market News International that...
- News items 2009-11-19
- JPMorgan Lands Cazenove in Buyout
- By Steve SlaterLONDON (Reuters UK) - JPMorgan Chase & Co. JPM is beefing up its European investment bank by buying the half of Cazenove it does not already own in a deal valuing the revered 190-year old stockbroker at 2 billion pounds.The transaction, which will land windfalls for dozens of...
- News items 2009-11-19
- Asia Helps Feeble West in Global Recovery -OECD
- By Brian LovePARIS (Reuters UK) - Asia is leading the global economy out of the deepest downturn in decades but the recovery will be marred by high unemployment and huge government debt across the industrialised countries, the OECD said on Thursday.Central banks and governments in major Western economies should prepare...
- News items 2009-11-19
- Merger Talk Makes Waves in Hershey Town
- By Jon HurdleHERSHEY, Penn. (Reuters UK) - In a company town where the street lamps are shaped like chocolate Kisses and orphans are cared for with corporate largesse, the prospect that America's biggest chocolate maker may merge with a foreign entity has unnerved some people.Disclosure that the Hershey Co HSY...
- News items 2009-11-19
- Philip Morris Ordered to Pay $300 Mln to Smoker
- LOS ANGELES (Reuters UK) - A Florida jury on Thursday ordered cigarette maker Philip Morris USA to pay $300 million (180 million pounds) in damages to a 61-year-old ex-smoker named Cindy Naugle who is wheelchair-bound by emphysema.The Broward Circuit Court jury assessed $56.6 million in past and future medical expenses...
- News items 2009-11-19
- FTSE Seen Opening Higher
- LONDON (Reuters UK) - FTSE 100 is expected to open up 31 points, or 0.6 percent higher on Friday according to financial bookmakers, rebounding from the previous session's losses with stronger commodity prices seen supporting resource-related shares.The blue-chip index closed 74.43 points lower, or down 1.4 percent, at 5,267.70...
- News items 2009-11-19
- Shareholders Ask Goldman to Cut Bonuses - Report
- (Reuters UK) - Some of Goldman Sachs Group Inc's GS largest shareholders have asked the company to cut the size of its bonus pool and pass along more of its profits to investors, the Wall Street Journal reported, citing people familiar with the situation.Although the shareholders are not pushing for...
- News items 2009-11-19
- Borrowing Forecasts Under Threat
- By Fiona Shaikh and David MillikenLONDON (Reuters UK) - Public finances deteriorated almost twice as fast as expected last month, raising the risk the government will have to raise its borrowing forecasts when it unveils its pre-budget report next month.Official data showed public sector net borrowing jumped to 11.419 billion...
- News items 2009-11-19
- H1N1 May Cost Economy Billions
- By Kate KellandLONDON (Reuters UK) - A severe H1N1 flu pandemic could cost the UK economy 72 billion pounds, scientists said on Friday, but advised against closing schools even if the current mild pandemic takes a turn for the worse.Researchers from the London School of Economics, London School of Hygiene...
- News items 2009-11-19
- Barclays Takes Hold of Crescent
- NEW YORK (Reuters UK) - Morgan Stanley MS has handed off its Crescent real estate subsidiary to Barclays Capital BARCBC, the companies said on Friday.A Morgan Stanley spokeswoman said the New York bank agreed to transfer the subsidiary to Barclays in exchange for a "full release" of liability on the...
- News items 2009-11-20
- Obama Asks Americans For Patience on Economy
- WASHINGTON (Reuters UK) - President Barack Obama on Saturday urged Americans to show patience over the economy and argued that his just-concluded Asia trip was critical for U.S. exports, countering criticism he had returned empty-handed.With unemployment at a generation high of 10.2 percent and once-lofty popularity ratings down, Obama said...
- News items 2009-11-21
- U.S. Approves Glaxo H1N1 Vaccine
- NEW YORK (Reuters UK) - GlaxoSmithKline Plc GSK has won U.S. marketing approval to sell an unadjuvanted H1N1 swine vaccine, allowing it to ship relatively modest amounts of scarce vaccine to the United States next month.The company said on Tuesday the Food and Drug Administration had approved a modified version...
- News items 2009-11-10
- FTSE to Open Higher Ahead of Bank Report
- LONDON (Reuters UK) - The FTSE 100 is seen opening between 13 and 16 points higher or up 0.3 percent on Wednesday, according to financial bookmakers, with cautiousness expected ahead of the release of the Bank of England's inflation report later in the session.A rise in Asian stocks, after...
- News items 2009-11-10
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