UBS ends an era in investment banking 2008-04-25 06:01 - UBS ended its days as an investment banking powerhouse yesterday when chief
executive Marcel Rohner told an angry general meeting of shareholders that
he would reassess the group’s wholesale business.
OFT pays damages to Morrisons over dairy price-fixing claim 2008-04-25 06:01 - The Office of Fair Trading (OFT) has issued an unprecedented apology to Wm
Morrison for wrongly suggesting that Britain’s fourth-largest supermarket
group was guilty of fixing prices for butter and cheese five years ago.
Ofgem summit pledges action plan on fuel poverty 2008-04-25 06:01 - Energy companies pledged today to allow customers using pre-payment meters to
change energy suppliers using switching sites as one of a number of
initiatives designed to tackle the growing problem of fuel poverty.
Cattles makes £200m cash call for bank licence 2008-04-25 06:01 - Cattles, the sub-prime and doorstep lender, is raising funds for the second
time in just over a year, this time launching a £200 million rights issue to
support its application for a banking licence and shore up its balance
sheet.
BAA takeover by Ferrovial ’as bad Rover deal’ 2008-04-25 06:01 - The acquisition of BAA by Ferrovial two years ago ranks alongside BMW’s purchase of Rover as one of the worst takeovers by a foreign company.
Rice hits high as Thailand threatens supply curb 2008-04-25 06:01 - The global trade in rice lurched to the brink of a 1970s-style “oil shock”
today as prices surged 2.3 per cent to a new high and speculation mounted
that Thailand, Asia’s predominant “rice superpower”, may join other regional
producers in curbing exports.
Yahoo! says it may accept offer from Microsoft 2008-04-25 06:01 - Jerry Yang, the co-founder of Yahoo!, said yesterday that the online search
engine may still recommend a hostile takeover from Microsoft after admitting
that it had already spent $14 million ($£7 million) in fees to advisers such
as Goldman Sachs and Lehman Brothers to fight the approach.
Ambac rattles investors with $1.6bn loss$ 2008-04-25 06:01 - Shares in Ambac continued their descent today, falling 28 per cent in morning
trading after the US bond insurer reported a larger than expected
first-quarter net loss of $1.66 billion ($£838 million).
Wireless Business Helps AT&T’s Profit Climb 22% 2008-04-25 06:01 - Earnings met expectations, as AT&T’s wireless business continued to grow fast enough to make up for its shrinking traditional service.
Stocks & Bonds: Markets Dip Despite Some Good Reports 2008-04-25 06:01 - Fresh record-high oil prices and a rush of quarterly results from bellwethers like AT&T, DuPont and McDonald’s sent the Dow down more than 100 points.
