Citigroup aims to put $500bn of assets on the block$ 2008-05-12 06:01 - Vikram Pandit, the chief executive of Citigroup, has announced plans to shed
$500 billion ($£256 billion) of assets but has rejected pressure to break his
sprawling banking conglomerate in two.
West Coast dream crashes as Californian city Vallejo considers going b... 2008-05-12 06:01 - Vallejo, California, is notable for many things. It was the state capital, for
example, if only briefly, in 1851. It is the home of Boomerang, Kong,
ROAR! and V2: Vertical Velocity, evocatively named
rollercoasters at the sprawling Six Flags Discovery Kingdom theme park. And,
as of this week, it is seeking to declare itself bankrupt.
Two’s a crowd in generating gam 2008-05-12 06:01 - British Energy’s site at Bradwell in Essex - close to London, Britain’s
biggest single market for electricity, with plenty of space and good
connections to the National Grid - is one of the most attractive locations
to build a new nuclear reactor in the UK. It is little surprise, then, that
potential bidders for the company are wary of the prospect of being forced
to surrender access to rivals.
Intertek prospers in spite of global trade slowdown 2008-05-12 06:01 - Intertek may have been one of the better performers among last year’s Tempus
Ten - its shares rose 19 per cent - but that has not stopped the FTSE 250
testing and inspection services provider from starting 2008 in similar
fashion. After a poor January, it has risen 17 per cent over the past three
months to touch a record high this week.
ITV fined record £5.6m for phone-in scandal 2008-05-11 06:01 - ITV was today fined a record £5.7 million for repeatedly misleading viewers
over the conduct of phone-ins on flagship programmes ranging from Ant &
Dec’s Saturday Night Takeaway, Ant & Dec’s Gameshow Marathon
and Soapstar Superstar.
Tempus: Key image 2008-05-11 06:01 - The usually urbane Sir Stuart Rose must be feeling riled. Marks & Spencer
report a 2.2 per cent fall in like-for-like sales after Christmas and
investors wipe £1.6 billion from the retailer’s market value.
Sotheby’s keen to change luck with sizzling Bacon 2008-05-11 06:01 - Sotheby’s, the auction house, is banking on a $70 million ($£36 million) sale
of Francis Bacon’s 1976 painting Triptych next week to offset what it calls
uncertain economic times.
Production fears send oil soaring to new $126 high$ 2008-05-11 06:01 - Oil prices soared to fresh highs of more than $126 this afternoon, lifted by a
new round of speculative buying after Opec brushed aside US calls for an
increase in production, insisting that the market remained well-supplied.$
