Business Headlines
Site: Google News U.K. - BusinessBudget airline Zoom grounds flights, blaming fuel price rises - guardian.co.uk
 CHEK News | Budget airline Zoom grounds flights, blaming fuel price rises guardian.co.uk - The low-fare transatlantic airline Zoom last night cancelled all flights and left hundreds of passengers stranded after it was forced into administration. Will more airlines will go under? Thousands of passengers hit as cash crisis airline stalls |
Johnnie Walker sales top £1bn as Diageo shows spirit - Telegraph.co.uk
 BBC News | Johnnie Walker sales top £1bn as Diageo shows spirit Telegraph.co.uk - By Dominic White Johnnie Walker Scotch whisky has become the first spirits drink to surpass annual sales of £1bn, according to Diageo. £1bn Johnnie Walker helps Diageo's profit Diageo pins hopes on brand loyalty |
House price plunge fuels recession fear - guardian.co.uk
House price plunge fuels recession fear guardian.co.uk - Fears of recession this winter intensified yesterday after the CBI reported the weakest high street activity in 25 years, the Nationwide building society said house prices were falling at £150 a day and a Bank of England policymaker warned of two ... Warning: Cut rates or job losses will soar 'Misguided' Bank must act on rates, says Blanchflower |
Retailers suffer worst month in quarter of a century - Independent
 BBC News | Retailers suffer worst month in quarter of a century Independent - By James Thompson Retailers delivered their worst performance for nearly a quarter of a century last month and there is little sign of relief for them any time soon. High street sales drop at record rate Retailers report the worst trend at the till in 25 years |
Pendragon cuts dividend as buyers steer clear of new cars - Independent
Pendragon cuts dividend as buyers steer clear of new cars Independent - A massive slump in car sales - especially gas guzzling four-wheel-drives - has decimated the profits of the leading motor dealer Pendragon, forcing it to slash its dividend. Pendragon suffers as motorists hit the brakes Price slump hits Pendragon |
Two more firms join flight from UK tax - guardian.co.uk
Two more firms join flight from UK tax guardian.co.uk - Asset management firm Henderson and engineering group Charter have followed other companies in announcing plans to relocate to Ireland for tax reasons, rekindling fears of a mass outflow of British businesses. Charter joins Henderson in tax exodus to Ireland Regus to join tax exodus from Britain |
Ofcom to overhaul regulation for mobile firms - Independent
 Metro | Ofcom to overhaul regulation for mobile firms Independent - By Sarah Arnott The mobile phone business is coming of age, and the sector's regulator, Ofcom, is considering tearing up the regulatory rulebook to mark the occasion. Ofcom begins inquiry into mobile telephone charges Mobile users face charges to receive calls |
High fuel prices are here to stay, says business secretary - guardian.co.uk
 This is Money | High fuel prices are here to stay, says business secretary guardian.co.uk - Consumers must accept that higher fuel prices are here to stay, the business secretary said today. John Hutton admitted that some households would struggle to pay their heating bills this winter but defended huge price hikes imposed by energy companies ... British Energy "optimistic" about EDF deal UK minister says energy comes before climate: report |
Brown faces rebellion over windfall tax on energy firms - Independent
 ITV.com | Brown faces rebellion over windfall tax on energy firms Independent - By Andrew Grice, Political Editor Gordon Brown faces an embarrassing defeat at next month's Labour Party conference over the Government's refusal to impose a windfall tax on the energy companies. Corrections and clarifications Minister holds out little hope of windfall tax on utilities |
Rising fuel costs send Aer Lingus plummeting - Telegraph.co.uk
 RTE.ie | Rising fuel costs send Aer Lingus plummeting Telegraph.co.uk - By Peter Taylor Irish carrier Aer Lingus has flagged "fundamental changes" to its cost base after plunging into the red in a move that analysts say paves the way for a radical staffing overhaul. Aer Lingus blames fuel costs for loss Aer Lingus on course to record losses of €100m in 2009 |
Debt takes the edge off Premier Foods' optimism - Telegraph.co.uk
 BBC News | Debt takes the edge off Premier Foods' optimism Telegraph.co.uk - By Dominic White Premier Foods, Britain's biggest food manufacturer, said it had successfully passed on spiralling ingredient costs, but its shares fell on renewed concerns over debt. Hovis maker 'challenged' by retail woes Premier Foods pushes up prices on top consumer brands |
Aegis expects to justify optimists despite slowdown in market - guardian.co.uk
 Marketing Week | Aegis expects to justify optimists despite slowdown in market guardian.co.uk - Aegis, the UK media buying group, yesterday reported a strong underlying pre-tax profit boost of 15.4% to £56.2m in the first half of 2008, and said it expected full-year results at the "upper end" of expectations despite the slowing market. Aegis Group warns of slowing demand Aegis chief urges caution despite 15% rise in half-year profits |
Pension industry rows with Government - Independent
Pension industry rows with Government Independent - By James Daley, Personal Finance Editor The Government has set itself up for a major row with the pensions industry, after going back on its promise that the new personal accounts system would not compete with the private pension sector. Watson Wyatt calls for more legislative freedom for new pension ... Govt 'hell-bent' on destroying Personal Accounts rivals |
SMG in £50m argument with ITV over 'value' of Scottish franchise - Scotsman
SMG in £50m argument with ITV over 'value' of Scottish franchise Scotsman - By Hamish Rutherford SMG yesterday promised to engage independent experts to prove that ITV has underestimated the value of its regional franchises by as much as £50 million. SMG helps bring £75m to ITV STV clashes with ITV over costs |
Crédit Agricole profits drop on writedowns - Telegraph.co.uk
Crédit Agricole profits drop on writedowns Telegraph.co.uk - By Katherine Griffiths French bank Crédit Agricole has suffered another painful quarter as hefty writedowns wiped out almost all of its profits. Credit crunch: Crédit Agricole profits fall 94% Crédit Agricole profits plunge |
Forth Ports profits hit by land value slump - Telegraph.co.uk
 Lloyd's List | Forth Ports profits hit by land value slump Telegraph.co.uk - By Rupert Neate Falling land values have reduced profits at Forth Ports, the Scottish ports and property group, by 25pc. Pre-tax profits fell to £9m in the six months to the end of June as the group wrote down the value of property assets by 15pc-30pc ... Full steam ahead at Leith Docks as shipping lifts Forth Ports revenue Downturn sees Forth Ports defer property spend |
Bodycote lifted by sale of testing business - Telegraph.co.uk
Bodycote lifted by sale of testing business Telegraph.co.uk - By Rupert Neate Bodycote shares rose 6.67pc yesterday after the engineering group revealed that it had sold its testing business to private equity group Clayton, Dubilier and Rice for a better-than-expected £417m. UPDATE 1-Bodycote to sell testing unit for 417 mln stg Bodycote sells testing arm |
Pinewood Studios profits up by a third after series of box office hits - Independent
 This is Money | Pinewood Studios profits up by a third after series of box office hits Independent - By Sarah Arnott A string of blockbusters including the new James Bond film and a werewolf movie called The Wolfman sent profits at Pinewood Shepperton film studios up by a third in the first half of the year. Weak pound and tax breaks attract film makers to Pinewood Bond the hero as Pinewood prospers |
House prices fall by more than ten per cent - Telegraph.co.uk
 MSN Money UK | House prices fall by more than ten per cent Telegraph.co.uk - By Aislinn Simpson and Tom Peterkin Property values have dropped by 10.5 per cent in the last year, the first time the percentage fall has reached double figures since 1990, according to the Nationwide Building Society. UK house prices in biggest annual fall since 1991 House prices down for tenth consecutive month |
Switch to buses and trains helps cover Stagecoach fuel costs - Scotsman
Switch to buses and trains helps cover Stagecoach fuel costs Scotsman - By Jane Bradley GROWING numbers of passengers turning to bus and rail travel amid the rising costs of motoring have "more than compensated" for higher fuel and staffing costs at Stagecoach. Stagecoach profits from rising fuel costsas passengers let the ... Stagecoach: Credit crunch puts more people on the buses |
