Archive for the ‘Business & Finance News’ Category

Carluccio’s Landmark takeover

Thursday, September 2nd, 2010

Dubai-based retail, hospitality outfit and mall manager Landmark Group is taking over Carluccio’s for £90million, sending shares in the upmarket cafe and restaurant chain soaring nearly 47 per cent.

i -Pad boosts Currys and PC World

Thursday, September 2nd, 2010

STRONG demand for televisions and Apple iPads boosted DSG International, prompting the owner of Currys and PC World to brush off fears of a double-dip recession.

RBS set to axe 3,500 jobs in its drive to save £2.5bn

Thursday, September 2nd, 2010

Royal Bank of Scotland yesterday announced plans to axe a further 3,500 jobs as it moves into a second phase of restructuring in its drive to become a smaller, better-run bank.

Tesco looks at growth in East

Wednesday, September 1st, 2010

TESCO is looking at the $1billion (£650million) sale of supermarket stores in the Far East by French retail giant Carrefour.

Standard Life job cull

Wednesday, September 1st, 2010

INSURANCE group Standard Life is slashing 500 jobs as part of a shake-up to cut costs and boost growth.

BP in Malaysian sale

Wednesday, September 1st, 2010

Oil giant BP is selling some Malaysian assets to local state energy firm Petronas for $363million (£235million) as part of an asset sale to help pay the costs of the Gulf of Mexico oil spill.

Miners send shares up

Wednesday, September 1st, 2010

TOP flight shares in London soared yesterday as upbeat data from Chinese and US manufacturers helped investors to brush off a weaker manufacturing performance in the UK.

Arm Holdings’ strong as Intel gets smart

Tuesday, August 31st, 2010

HOPES for more takeover deals in the semiconductor industry boosted chip designer Arm Holdings more than 8 per cent yesterday.

Shed Media sees profits rise

Tuesday, August 31st, 2010

THE maker of TV series Supernanny and Waterloo Road enjoyed a 22 per cent jump in half-year pre-tax profits, buoyed by the recommissioning of Who Do You Think You Are?, which recently featured Bruce Forsyth.

Potash hits out at bidder BHP Billiton

Tuesday, August 31st, 2010

TAKEOVER target Canadian fertiliser producer Potash Corp has lashed out at BHP Billiton after claiming the miner had called its customers to try to boost its $38.6billion (£25billion) hostile bid.