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News Corp reaches for the Sky with takeover offer
Tue, 15 Jun 2010 08:49:00 GMT
News Corporation, the media group headed by Rupert Murdoch, confirmed this morning that it had made an offer to take full control of BSkyB, the satellite broadcaster in which it has a 39 per cent stake.
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China primes house tax to halt runaway prices
Tue, 15 Jun 2010 00:01:00 GMT
China is considering a wealth tax on homeowners as it grasps at new weapons to halt a frantic rise in property prices that many fear poses the biggest threat to the Chinese economy.
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Business big shot: Steve Wiener
Tue, 15 Jun 2010 00:01:00 GMT
It is a dilemma familiar to anyone still clinging to analogue radios or cathode-ray televisions: pay to go digital or wait until prices drop?
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Business briefing: old guard pin hopes on new media
Tue, 15 Jun 2010 00:01:00 GMT
Traditional media, from television to newspapers, is pinning its hopes for a recovery in advertising on mobile devices such as the iPad and on the spread of high-speed broadband.
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Cowdery lays down his challenge to the banks
Tue, 15 Jun 2010 00:01:00 GMT
Clive Cowdery appears to have confounded the sceptics once again.
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Row over bank card and credit card charges
Tue, 15 Jun 2010 00:01:00 GMT
Banks are making hundreds of millions of pounds a year and pushing up prices on the high street by levying “unjustifiably high” fees on credit and debit card sales, retailers will say today.
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Dana Petroleum acquires PetroCanada Netherlands
Tue, 15 Jun 2010 00:01:00 GMT
Dana Petroleum paid £270 million for PetroCanada Netherlands yesterday, it’s biggest-ever acquisition.
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Virgin ready for shoot-out with internet gaming giants
Tue, 15 Jun 2010 00:01:00 GMT
With titles such as Command and Conquer and Resident Evil, Virgin was regarded as one of the cooler geeks in computer games during the 1990s.
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Economy may never recover from banking crisis, warns OBR
Tue, 15 Jun 2010 00:01:00 GMT
The economy, more damaged by the banking crisis than previously admitted, will grow more weakly and may never fully recover, the new Office for Budget Responsibility (OBR) said yesterday.
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Cowdery goes it alone to cut banks’ fees
Tue, 15 Jun 2010 00:01:00 GMT
Clive Cowdery’s Resolution is close to securing a ground-breaking deal to slash investment bank underwriting fees on a rights issue to fund a £2.75 billion acquisition of Axa’s UK life business.
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FSA calls Sir Fred Goodwin to account over RBS unravelling
Tue, 15 Jun 2010 00:01:00 GMT
Sir Fred Goodwin has been summoned by the Financial Services Authority to answer questions about Royal Bank of Scotland’s management in the run up to its near-collapse in October 2008.
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‘A disloyal, dishonest, criminal cheat’ – bank boss denounces rogue trader
Mon, 14 Jun 2010 13:40:00 GMT
Jérôme Kerviel, the rogue trader accused of losing almost €5 billion, was denounced by a former boss as criminal, dishonest, disloyal and a cheat at his trial in Paris yesterday.
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Vantis shares suspended amid survival fears
Mon, 14 Jun 2010 10:46:00 GMT
The crisis surrounding Vantis, the AIM-listed accountancy firm, deepened today as the group asked for trading in its shares to be suspended amid doubts over its ability to survive.
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OBR slashes economic growth forecasts
Mon, 14 Jun 2010 10:19:00 GMT
Q&A: what is the Office for Budgetary Responsibility? LIVE: question to the experts on inflation
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BP shares dive amid US senators’ £20bn escrow plan
Mon, 14 Jun 2010 09:59:00 GMT
Read how BP managers face years in jail and how America snubbed British offer of help with spill at The Times's new website
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TfL cashes in and checks out of Shard
Mon, 14 Jun 2010 09:19:00 GMT
Transport for London will abandon its plans to move into the Shard at London Bridge after a deal that allows the skyscraper’s owners to find tenants willing to pay a much higher rent.
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Shareholders plug into Grid fundraiser
Mon, 14 Jun 2010 08:23:00 GMT
Investors have given the thumbs up to the biggest rights issue by a British utility.
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Resolution in talks with AXA for life unit
Mon, 14 Jun 2010 07:54:00 GMT
Resolution, the insurance buyout vehicle, detailed its plans today to acquire the majority of AXA's £2.75 billion life assurance division.
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Vince Cable backs break-up of big banks
Sun, 13 Jun 2010 15:42:00 GMT
Vince Cable, the Business Secretary, has given official backing to recommendations that call for investment banks to be broken up.
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Million-pound payout for the oil baron with no sales
Sun, 13 Jun 2010 00:01:00 GMT
THE chief executive of a London-listed oil explorer pocketed a $1.9m ($£1.3m) bonus last year despite recording a $96m annual loss that led its accountants to raise concerns about the firm$’s solvency.
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Listing plan for ‘son of Lloyds’
Sun, 13 Jun 2010 00:01:00 GMT
THE Lloyds Banking Group is working on plans for a stock-market flotation of the chain of 600 branches it is being forced to sell by the European Commission.
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Apple’s grip on apps probed
Sun, 13 Jun 2010 00:01:00 GMT
AMERICAN regulators are planning to investigate Apple’s business practices to see if it is harming the developing market for software that runs on mobile phones and the iPad, its latest hit device.
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Tesco chairman stays on to smooth Sir Terry Leahy transition
Sun, 13 Jun 2010 00:01:00 GMT
DAVID REID has pledged to stay on as chairman of Tesco for at least another 18 months to maintain boardroom stability at Britain’s biggest retailer, insiders say.
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Pension hole trips electricity sale
Sun, 13 Jun 2010 00:01:00 GMT
THE £4 billion auction of Britain’s biggest electricity distribution network could be delayed by a dispute over how to fill a hole of £100m or more in its pension fund.
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Return Fares: Ministers put supersaver plan to rail bosses
Sun, 13 Jun 2010 00:01:00 GMT
MINISTERS have asked train companies for ideas to cut the cost of running the railways — and have told them they can keep half the savings. The idea is to give the firms an incentive to agree to changes in their contracts.
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