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Serco Confident of Double-digit Revenue Growth: LONDON (Reuters UK) - Support services group Serco SRP said on Tuesday it has continued to perform strongly since its results in February and is on track to deliver in line with its expectations for 2008. The firm, which operates the Docklands Light Railway, said ...; Tags: Pound, Support Services, It Services, Contract, Oukbs, Serco, Sierra Pacific Resources; News items 2008-05-13
Ferrovial Q1 Net Profit Tumbles 83 Percent: MADRID (Reuters UK) - Ferrovial's FER net profit fell 83 percent to 79 million euros (63 million pounds) in the first quarter, punished by higher costs and a construction slowdown and in line with expectations. The Spanish building and infrastructure company said on Tuesday its...; Tags: Euro, Ferrovial, Oukbs; News items 2008-05-13
C.Agricole Cash Call as Europe's Banks Bleed Again: By Steve Slater LONDON (Reuters UK) - French bank Credit Agricole joined the growing list of lenders asking shareholders for billions of euros in extra cash while a trio of other European banks also revealed new scars from the credit crunch on Tuesday. Agricole CAGR, France's...; Tags: Bank, Agricole, Financial Services, HBOS Plc., Oukbs, SocGen; News items 2008-05-13
Darling to Borrow 2.7 Billion For Tax Cuts: LONDON (Reuters UK) - The government on Tuesday raised the basic income tax free allowance for this fiscal year at a cost of 2.7 billion pounds as it tried to end a furore over the abolition of a tax rate that helped low earners. The changes...; Tags: Pound, Taxes, Free Trade, Financial Planning, Finance, Oukbs, Tax; News items 2008-05-13
Bank Faces Inflation Headache as Growth Slows: By Matt Falloon LONDON (Reuters UK) - New Bank of England economic forecasts on Wednesday will probably have a hawkish tinge despite a slowing economy, and may signal whether interest rate cuts risk drying up following some diabolical inflation data. The Bank's crystal ball has warned...; Tags: Bank, Inflation, Markets, Currency & Foreign Exchange, Financial Services, Finance, Oukbs; News items 2008-05-13

Premier Foods Says Trading in Line With Forecasts: LONDON (Reuters UK) - Premier Foods PFD said on Tuesday its trading for the 17 weeks to 26 April was in line with expectations, and that it was making progress recovering rises in commodity prices. The maker of Hovis bread, which cut its dividend and ...; Tags: Food, Premier Food, Food & Beverage, Manufacturing, Oukbs, Premierfoods, Trading; News items 2008-05-13
Oil Hits Record Near $127 as Iran Mulls Output Cut: By Matthew Robinson NEW YORK (Reuters UK) - Oil surged to a record peak near $127 on Tuesday after OPEC producer Iran said it was studying a plan to cut output despite signs record-high prices are hurting consumer nations. U.S. crude settled up $1.57 to $125.80...; Tags: Price, Iran, Investment, Finance, Markets, Oukbs, US; News items 2008-05-13
Craigslist Sues EBay and Alleges Corporate Spy Plan: By Eric Auchard SAN FRANCISCO (Reuters UK) - Online classifieds leader Craigslist.com filed a countersuit on Tuesday against business rival eBay EBAY, alleging eBay had used its minority stake in Craigslist to steal corporate trade secrets. In a lawsuit filed in California Superior Court in San...; Tags: Craigslist, eBay Inc., Kijiji, Financial Accounting, Finance, Google Inc., Oukbs; News items 2008-05-13
Asda Shows Strong Growth: By Rachel Sanderson LONDON (Reuters UK) - Wal-Mart Stores WMT said on Tuesday Asda had delivered a strong first quarter thanks to an increase in customer traffic driven by lower prices and discount campaigns. Like-for-like sales excluding petrol and stripping out an early Easter and...; Tags: Wal-Mart Stores Inc., Sales Strategy, Sales Force Management, Sales, Oukbs, Tractor Supply Co.; News items 2008-05-13
BT Agrees 5-year Wholesale Deal With O2: LONDON (Reuters UK) - The wholesale division of BT Group BT has signed a five-year agreement with O2 to provide and help manage the operator's high speed network as an increasing number of customers take bandwidth-hungry offerings. BT will provide and manage the high-speed connectivity ...; Tags: Network, British Telecommunications, O2 Plc., Networking, Ethernet, BT Group Plc., Oukbs; News items 2008-05-13
BAA Says Heathrow Chief to Leave: LONDON (Reuters UK) - Airports operator BAA said on Tuesday Heathrow Chief Executive Mark Bullock was to step down from his post, making him the latest victim of the disastrous opening of the new Terminal 5 building. BAA, owned by Spain's Ferrovial, said in a statement...; Tags: CEO, BAA, Terminal 5, Heathrow, Oukbs; News items 2008-05-13
Inflation Leaps to 3 Percent in April: LONDON (Reuters UK) - Soaring food and fuel bills pushed up the inflation rate by its biggest amount in nearly six years to 3 percent, figures showed on Tuesday which will likely further dent hopes of interest rate cuts. The Office for National Statistics said consumer...; Tags: Interest Rate, Inflation, Currency & Foreign Exchange, Financial Services, Finance, Cpi, Oukbs; News items 2008-05-13
Dairy Firm Robert Wiseman Warns on Profits: LONDON (Reuters UK) - Scottish dairy group Robert Wiseman RWD said on Monday profits this financial year would be hit by a combination of rising energy and wage costs and a delay in increasing selling prices. The group said the costs and delays could hit operating...; Tags: Financial, Operating Profit, Financial Accounting, Finance, Oukbs, Robert, Wiseman; News items 2008-05-12
Hiscox Says Quarter in Line With Expectations: LONDON (Reuters UK) - London-listed insurer Hiscox HSX said on Monday that sales fell in line with expectations in the first quarter, as increasing competition in big-ticket insurance and reinsurance risks began to bite. The Bermuda-based firm, which is a market leader in art insurance...; Tags: Repayment, Insurance Company, Hiscox, Insurance, Business Operations, Corporate Insurance, Oukbs; News items 2008-05-12
SocGen Net Profit Falls 23 Percent: By Sudip Kar-Gupta PARIS (Reuters UK) - Societe Generale, the French bank hit by the world's worst rogue trader scandal, reported a 23.4 percent fall in first quarter net profit although earnings came in above the average market forecast. Net profit fell to 1.096 billion euros...; Tags: Bank, Net Profit, Euro, SocGen Net Profit, Financial Services, Oukbs; News items 2008-05-12
Kingfisher Shares Jump on Bid Talk: LONDON (Reuters UK) - Shares Kingfisher KGF jumped as much as 10 percent in mid-morning trade on Monday, as traders cited market talk of private equity interest in Europe's biggest home improvements retailer. Two traders said there was talk of a bid of around 195 ...; Tags: Trader, Lehman Brothers Inc., U.K., Home Improvement, Kingfisher, Retail, Oukbs; News items 2008-05-12
Chloride Rejects Bid Approach and Shares Up 25 Pct: LONDON (Reuters UK) - Chloride Group, whose products protect against power shortages, said on Monday it had rejected a bid approach which it said materially undervalued the company. Chloride said it had received a preliminary approach over a possible cash offer at 255 pence a share,...; Tags: Board, Approach, Corporate Governance, Business Operations, Corporate Law, Eaton Corp., Emerson Electric Co., Oukbs; News items 2008-05-12
Northern Rock Warns on Arrears: By Clara Ferreira-Marques LONDON (Reuters UK) - Troubled Northern Rock, nationalised earlier this year, boosted savings in the first quarter and kept to plans to radically shrink mortgage lending, but warned of rising arrears in an uncertain home market. The bank -- the most aggressive home...; Tags: Bank, Mortgages, Financial Services, Finance, Capital Structures, Oukbs; News items 2008-05-12
Factory Gate Inflation Hits Record High: LONDON (Reuters UK) - Factory gate prices and producers' costs rose at a record pace in April, official statistics showed on Monday, as fuel and food costs soared. The Office for National Statistics said that output prices rose an unadjusted 1.4 percent on the month in...; Tags: Food, Figure, Inflation, Food & Beverage, Currency & Foreign Exchange, Manufacturing, Finance, Oukbs; News items 2008-05-12
Centrica Sees Lower Operating Profit: By Mike Elliott LONDON (Reuters UK) - Energy company Centrica CNA said that, as expected, first-half group operating profit would be materially below that of last year due to lower profitability at its British Gas retail business, hitting its shares. Britain's biggest domestic energy supplier said...; Tags: Centrica, Operating Profit, Gas Production Business, Sales Strategy, Sales Force Management, Sales, CNA Financial Corp., Oukbs; News items 2008-05-12