BA loses 220,000 passengers following T5 debacle 2008-05-08 06:01 - British Airways, the UK flag carrier, flew 7.9 per cent fewer passengers last
month following the chaotic opening of Heathrow’s Terminal 5 and the
continued slowdown in the US economy.
Woolf urges BAE to tighten ethical standards 2008-05-08 06:01 - BAE Systems, Europe’s largest defence contractor at the centre of corruption
claims over its arms deals with Saudi Arabia, has been urged to review
business practices and install tougher anti-corruption measures.
UBS axes jobs after plunging £5.5bn in the red 2008-05-08 06:01 - UBS is to cut 7 per cent of its workforce, or 5,500 jobs, as it struggles to
deal with the impact of the global credit crunch.
TNS investors demand WPP increases £1bn bid 2008-05-08 06:01 - WPP Group, the UK advertising giant, is considering making a hostile approach
for Taylor Nelson Sofres (TNS) as leading shareholders in the market
research company demand that a £950 million offer must be "substantially"
improved.
Apple forced into iPhone contracts U-turn 2008-05-08 06:01 - Italy has become the first country to sell the iPhone on a non-exclusive
basis, suggesting that Apple’s strategy of tying its device to one network
in each territory may be unravelling.
Services sector growth slumps to 5- year low 2008-05-08 06:01 - The credit crunch began to impact the wider economy last month as growth in
Britain’s services sector, which includes hotels, restaurants and banks,
fell to a five-year low.
RAB shares tumble on shock profits warning 2008-05-08 06:01 - RAB Capital, the London-listed hedge fund, gave warning today that volatile
markets would mean profits in the first half would be "significantly
lower" than the same period last year, in a shock alert that sent its
shares tumbling more than 14 per cent.
Lloyds TSB rules out rights issue 2008-05-08 06:01 - Shares in Lloyds TSB, Britain’s fifth largest bank, fell by 2.15 per cent
today after it revealed £1.1 billion worth of writedowns in the first
quarter but insisted that its balance sheet was robust and it would not seek
extra funding through a rights issue.
Central banks braced for a storm as food prices soar 2008-05-08 06:01 - Central bankers across Asia are facing some hard choices as they confront the “silent tsunami” of surging food prices and what could be a decade of stubborn inflation.
Trichet sounds food inflation warning 2008-05-08 06:01 - Jean-Claude Trichet, the European Central Bank President, today gave warning
about the future inflationary risks of soaring food prices across the world
and explained that financial market speculators may also be to blame for the
rising cost of grains and dairy produce.
