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French and Spanish banks lock horns in battle for Alliance and Leicester

French bank Credit Agricole has made an informal bid for the Alliance and Leicester. At the moment, it’s all just rumour and speculation since the bid was informal. The UK bank does not have to make an official announcement.
But while the French suitor licks its wounds and no doubt...Read More

Posted Mar 30, 2006

Alternative reference

www.invbiznews.com

Posted Mar 30, 2006

Commodity prices set to drop

We all know commodities are expensive these days. The high price of steel has seen profits at the likes of Mittal rocket; even the UK’s Corus has made profits recently. The mining sector has seen a big lift in profitability with companies such as Antofagasta, BHB Billiton and Rio...Read More

Posted Mar 30, 2006

NASDAQ drops out of LSE battle

The London Stock Exchange just doesn’t seem to want to be taken over. This morning NASDAQ announced that it was withdrawing from the battle to own the LSE, after the LSE turned down its offer.
The NASDAQ move leaves Euronext – which recently gained regulatory approval...Read More

Posted Mar 30, 2006

Sainsbury’s homes in on Asda

When Justin King became the new chief executive at Sainsbury’s it seemed as if he had about as much chance of stemming the tide against the retailer as that other king, Canute did of stemming the actual tide.
But cost cutting, the initiation of the “Making Sainsbury’s Great Again” programme,...Read More

Posted Mar 30, 2006

Internet advertising set to eclipse national newspapers

Here’s the stat that really counts. Back in 2001, in the first year after the dot com crash, online advertising in the UK was worth just £165mn. At the time some talked about the Internet as if it was yesterday’s hot story. Clichs were bandied about such...Read More

Posted Mar 30, 2006

The BEEB’s rivals don’t like it.

In the UK, competition in the TV market is not played on a level playing field. One organisation is funded by a compulsory fee, which all viewers have to pay, even if they only watch competitive channels. We are of course referring to the license fee.

Competition should of course be...Read More

Posted Mar 29, 2006

US rates leap above UK’s: will euro zone be next and which way sterling?

There are green shoots everywhere, or at least this morning brings more cause for optimism than in a while with good news from the US, Germany and Italy.

Across the pond, consumer confidence is now at its highest level since 2002. The consumer sentiment index as measured by the Conference...Read More

Posted Mar 29, 2006

Fed set to raise rates

Ben Bernanke will be in the limelight again today.

The new governor of the Fed will probably be telling us that US rates will be going up again, this time to 4.75%. If he does do what is expected, it will be the 15th rise in a row. US rates will...Read More

Posted Mar 28, 2006

UK slips down attractiveness league

Why is the UK outperforming most other G7 economies? Some argue that this isn’t saying much anyway, and that as three of the members are in the Eurozone, and therefore little more than has beens, and another member is dire straights Japan, really we should be comparing our performance with...Read More

Posted Mar 28, 2006

Commodity prices set to drop

We all know commodities are expensive these days. The high price of steel has seen profits at the likes of Mittal rocket; even the UK’s Corus has made profits recently. The mining sector has seen a big lift in profitability with companies such as Antofagasta, BHB Billiton and Rio...Read More

Posted Mar 30, 2006

French and Spanish banks lock horns in battle for Alliance and Leicester

French bank Credit Agricole has made an informal bid for the Alliance and Leicester. At the moment, it’s all just rumour and speculation since the bid was informal. The UK bank does not have to make an official announcement.
But while the French suitor licks its wounds and no doubt...Read More

Posted Mar 30, 2006

NASDAQ drops out of LSE battle

The London Stock Exchange just doesn’t seem to want to be taken over. This morning NASDAQ announced that it was withdrawing from the battle to own the LSE, after the LSE turned down its offer.
The NASDAQ move leaves Euronext – which recently gained regulatory approval...Read More

Posted Mar 30, 2006

Sainsbury’s homes in on Asda

When Justin King became the new chief executive at Sainsbury’s it seemed as if he had about as much chance of stemming the tide against the retailer as that other king, Canute did of stemming the actual tide.
But cost cutting, the initiation of the “Making Sainsbury’s Great Again” programme,...Read More

Posted Mar 30, 2006

High Street malaise set to continue

The March round up of retail reports was kicked off yesterday with the CBI distributive trades survey.
And yes, it was bad news- again, but at least there is some hope.
The CBI index- that’s the balance between retailers who said trade was up with those who...Read More

Posted Mar 30, 2006

UK needs to get fitter

Deloitte may have the answer to the UK’s low productivity. Apparently, only 48% of the UK’s working population exercise for 150 minutes a week or more. If this level could be increased to 70%, then Blightey’s healthier populace would take less sickies, and work 2,783,808 more days a year saving...Read More

Posted Mar 29, 2006

Not even Harry Potter can bring magic to Ottakar’s results

If you are in the book trade, here’s the good news. According to Ottakar’s boss, James Heneage, the market is growing 2 to 3% a year at the moment, and with the latest Harry Potter book published last year, the UK public went out and read more than ever.

Yet despite...Read More

Posted Mar 29, 2006

FSA rides to the UK’s rescue

Young people today, they know nothing! At least that’s one-way of interpreting the latest idea from the Financial Services Authority.

Apparently, when it comes to personal finance the 18-40s just don’t know their stuff, or to put it another way, they don’t know their ISAs from their “I ‘s a...Read More

Posted Mar 28, 2006

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