Business Headlines
Site: Google News U.K. - BusinessBudget airline Zoom grounds flights, blaming fuel price rises - guardian.co.uk
 BBC 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 |
House price plunge fuels recession fear - guardian.co.uk
 MSN Money 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 |
£1bn Johnnie Walker helps Diageo's profit - Scotsman
 BBC News | £1bn Johnnie Walker helps Diageo's profit Scotsman - By Martin Flanagan JOHNNIE Walker whisky burst through the £1 billion sales mark last year, as parent company Diageo yesterday warned growth in underlying group profits could fall to 7 per cent in the current year. Diageo pins hopes on brand loyalty Diageo cuts forecast as drinkers stay at home |
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 |
Tesco deals blow to eco-towns with exit from scheme - Financial Times
 Daily Mail | Tesco deals blow to eco-towns with exit from scheme Financial Times - By Jean Eaglesham Gordon Brown's eco-towns project suffered another setback yesterday, after Tesco pulled the plug on one of the most high-profile projects. Tesco pulls out of eco-towns project Another eco-town bites the dust |
Two more firms join flight from UK tax - guardian.co.uk
 BBC News | 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 |
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 |
Fall in property sales hurts Savills - Financial Times
 Telegraph.co.uk | Fall in property sales hurts Savills Financial Times - By Daniel Thomas, Property Correspondent Savills, the property consultancy, has reported a 41 per cent drop in underlying profits to £19.2m because of the deterioration of the commercial and residential real estate markets. Savills shrugs off UK property slump as lettings surge Tempus comment: Savills |
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 |
Brown faces rebellion over windfall tax on energy firms - Independent
 BBC News | 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 |
Ryanair and EasyJet face threat of new rival - Financial Times
 AFP | Ryanair and EasyJet face threat of new rival Financial Times - Thomas Cook, the tour operator, is in discussions with rival Tui Travel and the airline Lufthansa about a possible merger of their respective low-cost and charter carriers, a move that would create a new rival for Ryanair, EasyJet and Air Berlin. UPDATE 1-Condor joins merger talks with TUIfly, Germanwings Travel trio ponder a merger of airlines |
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
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 |
Rising fuel costs send Aer Lingus plummeting - Telegraph.co.uk
 MSN Money UK | 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 |
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 |
High fuel prices are here to stay, says business secretary - guardian.co.uk
 Telegraph.co.uk | 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 |
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 |
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 |
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 |
