Nationwide reveals steep drop in house prices 2008-05-02 06:01 - Nationwide’s measure of house prices has suffered its first annual fall in 12
years and the pace of monthly decline is increasing, Britain’s largest
building society reported today. The last time house prices fell
year-on-year was March 1996.
British Airways discuss US tie-up 2008-05-02 06:01 - British Airways is expected to forge an alliance with Continental Airlines
after yesterday admitting it is exploring opportunities to cooperate with
the US carrier as well as American Airlines, its current oneworld partner.
Supermarket inquiry slammed from all sides 2008-05-02 06:01 - The Competition Commission was today attacked for “going nowhere near far
enough” in tackling the dominance of Britain’s biggest supermarkets as it
unveiled the findings of a two-year investigation into the sector.
BG makes £6bn cash bid for Australian gas company Origin Energy 2008-05-02 06:01 - BG Group today made an unsolicited A$12.9 billion ($£6.1 billion) takeover bid
for Australia’s second-biggest energy retailer as it seeks to tap into
soaring Asian demand for gas.
Oil to hit $200 a barrel despite rising supply$ 2008-05-02 06:01 - Qatar, the resources-rich nation, has added its voice to warnings that the
price of oil will hit $200 a barrel despite record levels of production
among Gulf countries last month.$
Time Warner confirms plan to spin off cable 2008-05-02 06:01 - Time Warner, the US media conglomerate, today confirmed that it will spin off
its cable business in a deal that is expected to result in a $4 billion ($£2
billion) windfall for investors.
GIC sovereign fund targets more western banks 2008-05-02 06:01 - Asia’s largest sovereign wealth fund (SWF) is poised to exploit shattered
share prices around the world and may be planning a buying spree of European
and Wall Street banking titans.
Silverjet secures $25m Gulf lifeline$ 2008-05-02 06:01 - Silverjet, the last business class-only airline flying from Britain, has
secured a $25 million ($£12.6 million) lifeline from a Middle Eastern
investor to keep it operating for at least the rest of this year.
Procter & Gamble Profit Up 8% 2008-05-02 06:01 - Price increases and cost controls helped offset higher commodity costs at the consumer products maker, which raised its full-year outlook, sending shares up.
In Beijing, an Air Terminal of Olympic Size 2008-05-02 06:01 - The latest example of China’s Olympic preparations is a massive structure that cost $3.8 billion and can handle more than 50 million passengers a year.
