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Business News and Finance Tag Clouds 07/01/2009

Business News

National Clearing House buys up Bovis Homes stock in £18m deal - contractjournal-com - 36 minutes ago
Bovis Homes has sold some of its unsold housing stock to the government's National Clearing House in a deal worth £18m.
Bovis Homes | More news (2)...
New Apprenticeships To Beat Slump - news-sky-com - 1 hour ago
A further expansion of the apprenticeship programme is being announced as Gordon Brown starts a three-day tour of the regions.
Gordon Brown
New Star to exploit FSA changes to fund suspension rules - citywire-co-uk - 1 hour ago
New Star Asset Management is to exploit changes to FSA rules which will allow firms to suspend dealings in investment funds for indefinite periods.
New Star Asset Management
FTSE falls on banks and miners - reuters-com - 1 hour ago
LONDON (Reuters) - The top share index was down 1.3 percent early on Wednesday after gaining for six straight sessions, led by miners and banks, but Marks & Spencer rose on relief that its poor trading results were ...
Marks & Spencer - Straight FTSE
Carillion wins £170m roads PFI contract in Canada - contractjournal-com - 2 hours ago
Carillion has been awarded a £170m highways maintenance contract in Canada.
Carillion
Shares rise 5pc on hopes for stimulus plans - independent-ie - 2 hours ago
THE Dublin market rose by almost 5pc yesterday as speculation that government stimulus packages and interest-rate cuts will revive the global economy helped maintain the strong start to the New Year.
Speculation
More than one million people face court over Council Tax - citywire-co-uk - 3 hours ago
Councils filed for bankruptcy for more than 1,700 people in order to collect Council Tax arrears last year, while more than one million people were summoned to court.
Bankruptcy
Cattles to cut 1,000 jobs - reuters-com - 3 hours ago
LONDON (Reuters) - Subprime lender Cattles said on Wednesday that it will cut 1,000 jobs, lower its costs and preserve capital as uncertainty over its funding situation continues.
Cattles Subprime | More news (3)...
€895m cost-cut plan at CRH buoys share price - independent-ie - 3 hours ago
Shares in CRH soared over 7pc yesterday as the building materials giant hiked its cost-cutting guidance in the face of what it expects to be an "extremely challenging" 2009 -- after posting a 16pc slump in profits last year.
CRH | More news (2)...
Aer Lingus points to cost improvements in bid battle - independent-ie - 3 hours ago
AER Lingus yesterday continued its offensive against Ryanair's takeover bid by publishing details of "cost improvements" recently secured by the former national carrier in a bid to show Aer Lingus' viability as a stand-alone airline.
Aer Lingus
Yesterday's trading: 3i bucks trend to make huge leap - thisismoney-co-uk - 3 hours ago
Here was no stopping battered private equity investor 3i, which leapt to the top of the Footsie leaderboard with a spectacular rise
Private Equity Investor Footsie
Row building over Bellway bonus plans - thisismoney-co-uk - 3 hours ago
Bellway is set to defy a powerful investor body by pressing ahead with plans to pay out huge bonuses to directors
Bellway | More news (2)...
Babcock & Brown shares off floor as asset sale approved - independent-ie - 3 hours ago
Shares in troubled investment firm Babcock & Brown -- whose listed fund BCM owns 57pc of Eircom -- soared yesterday in Australia after investors speculated that the group has secured approval from its bankers to offload assets to ...
Babcock & Brown
Fyffes expects earnings of €15m for 2008 - irishtimes-com - 3 hours ago
Irish banana distributor Fyffes says it is targeting 2008 adjusted earnings "in the order of €15 million ($20.2 million)".
Fyffes
Oil price holds steady at €49 a barrel - irishtimes-com - 3 hours ago
Oil was steady under $49 this morning, after weak US economic data sparked a bout of profit-taking overnight, outweighing escalating tensions in the Middle East and widening supply cuts from the Russian gas row.
Oil
Greggs Christmas cheer - teletext-co-uk - 4 hours ago
High street baker Greggs said it is "pleased with its Christmas trading" after like-for-like sales in the four weeks to January 3 rose 5.3%.
Greggs
Thorntons sales slide - teletext-co-uk - 4 hours ago
Chocolate specialist Thorntons suffered a 2.3% drop in total sales in the 12 weeks to December 27 as the retail sector became increasingly difficult.
Thorntons
US recession forecast to drag on - news-bbc-co-uk - 4 hours ago
The US recession is likely to drag on well into 2009, according to forecasts from the US Federal Reserve.
Fed - Recession
Bank set to cut rates to record low - reuters-com - 4 hours ago
LONDON (Reuters) - The Bank of England looks set to cut interest rates by at least half a percentage point this week to their lowest level on record as it tries to prevent the economy sliding into a long and ...
Bank of England - Interest rates - Recession
Property shows: Sold on television - telegraph-co-uk - 4 hours ago
While demand for houses has dried up property shows are booming. Christopher Middleton goes behind the scenes.
Property
ARC Launches “Sound-to-Silicon” Audio IP Solutions for Portable, DTV, ... - euroinvestor-co-uk - 4 hours ago
ARC International (LSE:ARK) today introduced new vertically integrated audio intellectual property (IP) solutions for three major co.. - Read more
Property
AEGON to Acquire Banca Transilvania's Stake in BT AEGON - euroinvestor-co-uk - 4 hours ago
THE HAGUE, The Netherlands and CLUJ-NAPOCA, Romania, January 7 /PRNewswire/ -- - The Two Companies Will Remain Partners Through New Distribution Deal .. - Read more
Aegon
OchZiff lost 25pc of fund through redemptions in December - telegraph-co-uk - 4 hours ago
OchZiff Capital Management one of the world's biggest hedge funds has lost 25pc of its funds in December as a result of investor redemptions and falling markets.
Capital Management
How to stop the recession - telegraph-co-uk - 4 hours ago
Too much recent commentary has treated the current recession as if it were preordained and unstoppable. Recessions are not Acts of God.
Recession
UPDATE 2-UniCredit, Mediobanca reject merger report - reuters-com - 5 hours ago
MILAN, Jan 6 (Reuters) - Italian banks UniCredit SpA and Mediobanca rebutted a media report onTuesday that they could merge.
UniCredit
Japan eyes bank injections to counter crisis - reuters-com - 5 hours ago
TOKYO (Reuters) - Japan is reportedly considering cash injections for scores of regional banks in an effort to encourage lending as the financial crisis creates havoc for companies and economies around the globe. A big cut in aluminium output from Alcoa ...
Bankruptcy
Toshiba to Bring New Levels of Leading Edge Technologies at CES 2009 - euroinvestor-co-uk - 5 hours ago
Toshiba Corporation (TOKYO:6502) will invite visitors to the Consumer Electronics Show, CES 2009, to experience Digital Life Innovat.. - Read more
Toshiba
Interest rate talks held - teletext-co-uk - 6 hours ago
The Bank of England is to begin a historic meeting at which interest rates are all but certain to be slashed to an all-time low to combat recession.
Bank of England - Interest rate - Interest rates - Recession
Relief for exporters as euro suffers largest two-day drop - independent-ie - 6 hours ago
THIS week has seen the biggest two-day fall in the euro since the currency was launched in 1999.
The euro
Minco upbeat over mineral venture - independent-ie - 6 hours ago
MINING
Minco | More news (2)...