Baugur sells high street fashion chain 2008-05-02 05:25 - Baugur, the Icelandic investment group, has sold the MK One fashion chain to a
retail restructuring specialist.
Orders for new homes slump by 27 per cent 2008-05-02 05:25 - Demand for new homes plunged by 27 per cent during the first quarter of 2008,
leading an 8 per cent decline in overall orders for new construction.
Time Warner to return $4bn from cable spin off$ 2008-05-01 06:01 - Jeffrey Bewkes, chief executive of Time Warner, will tomorrow announce the
spin-off of the company’s cable television unit in a deal that is expected
to see around $4 billion ($£2 billion) worth of cash released back to
shareholders, The Times has learnt.
BA puts £158 fuel surcharge on long haul flights 2008-05-01 06:01 - British Airways (BA), the national flag carrier at the centre of the T5
debacle, today announced its twelfth increase in fuel surcharges in four
years as it continued to blame high oil prices for the rising cost of
customers’ tickets.
HBOS in £4bn call to strengthen balance sheet 2008-05-01 06:01 - HBOS has unveiled plans for a heavily-trailed £4 billion rights isssue as part
of a refinancing under which Britain’s biggest mortgage lender will pay its
interim dividend in shares and take an additional £2.8 billion writedown
against the credit crunch.
Airey quits ITV to become chair of Five 2008-05-01 06:01 - Dawn Airey, the former chief executive at Five, is to return to her old
stamping ground after announcing her resignation from ITV following just
eight months as the broadcaster’s global head of production.
King denies £50bn lifeline will renew mortgages 2008-05-01 06:01 - Mervyn King, the Governor of the Bank of England, today undercut claims by
Alistair Darling that the Bank’s £50 billion-plus lifeline to Britain’s
lenders will end the mortgage logjam endangering the housing market.
NPower sparks new round of energy price rises 2008-05-01 06:01 - NPower, Britain’s fourth largest power supplier, has raised prices for new
internet customers by up to 20 per cent in the first sign that power
suppliers are gearing up for a fresh round of price increases this summer.
FSA says insider dealing growing on UK deals 2008-05-01 06:01 - Trading on the London Stock Exchange was "dirtier" over the past two years
compared to 2005, indicating that insider dealing on merger and acquisition
information has increased.
HSBC’s move on KEB on hold as regulator delays 2008-05-01 06:01 - HSBC was today forced to postpone its £3 billion foray into the South Korean
banking market after comments by the country’s financial regulator cast yet
more doubt on Seoul’s openness to foreign investment.
