The Latest Business News from around the world

Wed, 10 Mar 2010 00:14:06 GMT+00:00

Shore Capital raises dividend after return to the black
Scotsman
BOUTIQUE investment bank Shore Capital swung to a full-year pre-tax profit as trading bounced back following the previous year's losses. Shore – which has a team of six analysts in Edinburgh, as well as offices in London, Liverpool, ...
Shore Capital decides to go offshoreTimes Online
Now Shore Capital joins exodus from UKIndependent
Shore moves head office to GuernseyFinancial Times
CITY A.M. -Reuters -Business Financial News Wire
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Wed, 10 Mar 2010 00:01:04 GMT+00:00

Liberty to split £6bn property portfolio in two
Times Online
Britain's third-biggest property group, founded in 1980 by Sir Donald Gordon, will split along the lines of its two principal subsidiaries, becoming Capital Shopping Centres, a real estate investment trust (Reit) managing 13 shopping centres worth £4.6 ...
Liberty demerger heralds new eraFinancial Times
Liberty unveils demerger as profits tumbleCITY A.M.
London close: Late rally limits lossesShareCast
Bloomberg -Reuters -Business Report
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Wed, 10 Mar 2010 01:03:12 GMT+00:00

Upswing in markets puts Merlin back on IPO track
Independent
Merlin Entertainments, the private equity-owned operator of attraction parks, held the door open to a potential flotation later this year as it revealed that it was on track for another record performance in 2010. ...
Legoland owner Merlin Entertainments may resurrect flotation plansTimes Online
Merlin still open to listingFinancial Times
Debt-ridden theme park operator Merlin says sales are up 6.4%The Guardian
Daily Mail -CITY A.M. -BBC News
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Wed, 10 Mar 2010 00:01:08 GMT+00:00

Royal Mail wants more junk mail contracts to boost revenues
BBC News
In 2006 a postman called Roger Annies was suspended for telling customers on his round about the best way to opt out of receiving junk mail. Delivering junk mail is a nice earner for the Royal Mail, and postal bosses objected to staff telling people ...
Millions will have to wait until 4pm for postTelegraph.co.uk
Sting in tail of the Royal Mail deal: more junk mailIndependent
Royal Mail postmen deal signed, sealed and deliveredMirror.co.uk
Times Online -Daily Mail -Morning Star Online
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Wed, 10 Mar 2010 01:03:10 GMT+00:00

Npower is fourth of 'big six' to cut prices - Independent

Npower is fourth of 'big six' to cut prices
Independent
Npower became the fourth of the "big six" energy suppliers to cut its gas prices yesterday, ratcheting up the pressure on Scottish Power and EDF to announce similar plans before the new tariffs come in at the end of this month. ...
Energy giants finally cut their prices (now the big freeze is over)Daily Mail
Npower joins the gang with a 7% gas price cutTimes Online
Gas prices: Npower will cut gas bills by 7%BBC News
CITY A.M. -ShareCast -The Guardian
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Wed, 10 Mar 2010 02:05:35 GMT+00:00

Eurotunnel eyes high-speed freight operation
Financial Times
The company that operates the Channel Tunnel is working on plans to introduce high-speed freight trains through the sub-sea tunnel, as it pursues a series of initiatives to boost railfreight and passenger traffic. ...
Deutsche Bahn may run London to Frankfurt serviceTimes Online
Eurotunnel's profits slumpCITY A.M.
Eurotunnel's profits almost wiped outTelegraph.co.uk
BBC News -Argentina Star -MarketWatch
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Wed, 10 Mar 2010 01:03:12 GMT+00:00

Britain's AAA credit rating in jeopardy, warns agency
Independent
By Sean O'Grady, Economics Editor Sterling suffered a triple whammy yesterday as poor trade figures, warnings from two credit agencies about the UK's AAA rating and the possibility of more bank failures badly damaged confidence. ...
Fitch warns Britain and questions Greek rescue as sovereign risks growTelegraph.co.uk
Pound falls again on deficit fearsThe Guardian
Brazil GDP to grow 5.5% in 2010: FitchXinhua
Reuters UK -Wall Street Journal -MarketWatch
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Wed, 10 Mar 2010 00:14:11 GMT+00:00

FSA sets out £4bn bill for firms who mis-sold PPI - Scotsman

FSA sets out £4bn bill for firms who mis-sold PPI
Scotsman
FIRMS providing payment protection insurance (PPI) could be forced to pay out more than £4 billion to victims of mis-selling after the City watchdog revised its redress estimates. But the FSA's proposals for redress and complaints ...
New rules on payment protection insurance are delayedBBC News
UK's FSA amends draft repayment insurance rulesReuters
FSA backs down on “tough” PPI rulesFinancial Times
Daily Mail -The Press Association -Money Marketing
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Wed, 10 Mar 2010 03:55:49 GMT+00:00

Shanks drops after Carlyle talks end - Financial Times

Shanks drops after Carlyle talks end
Financial Times
Shares in Shanks, the waste management group, fell more than 15 per cent on Tuesday after it said that it had ended talks over a possible sale of the business to Carlyle, the private equity investor. ...
Shanks walks away from Carlyle buyout talksReuters
Shanks walks away from talks with CarlyleTimes Online
FTSE 100 ends day in negative territoryThe Guardian
The Press Association -Proactive Investors UK -ShareCast
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Wed, 10 Mar 2010 02:04:32 GMT+00:00

Parts and service unit drives Lookers into black
Financial Times
Lookers, the motor dealership, moved from a loss to a profit after it sold more parts and services in Britain's worst year for car sales since 1995. With sales of new cars in the UK falling 6 per cent in 2009, the Manchester-based ...
Martin Flanagan: Any scrap of good news is welcome for car dealersScotsman
Lookers profit surges, strong start to 2010ShareCast
Lookers revs up record figuresManchester Evening News
Reuters UK -This is London -just-auto.com (subscription)
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