Yesterday it was suggested that BP’s dividend payment will be reduced or cancelled due to the ongoing costs of the oil spill disaster. At the same time there were new reports on Sky News about the terrible impact the oil spill is having on people along the the Gulf coast in the USA. Today the... learn more »
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Sir Terry Quits Tesco
Sir Terry Leahy, CEO of Tesco, has handed in his resignation. Sir Terry has lead Tesco for the past 14 years and seen it rise from a standard supermarket chain into a multinational supermarket, and overseen its diversification into fuel, banking, mortgages, Internet, credit... learn more »
BP Oil Distaster May Lead Obama to Promote More Alternative Fuels
If this was a financial website that could give advice, we would probably say “buy alternative fuel companies”. But we are not, we just broadcast information on what is happening in the markets. Now over to President Obama of the USA. »
Prudential Takeover Collapses
One week Prudential are in the news for organising Britain’s largest ever rights issue to pay for the takeover of AIG, now they are in the news for the... learn more »
BP Shares Plummet as Top Kill Fails to Stem Flow of Oil in the Gulf of Mexico
Bad news for UK shareholders today as BP’s share price started falling as concerns grew that it could take months before BP can control the oil leak in the... learn more »
Apple Become’s The USA’s Second Most Valuable Share
Apple’s iPad has received a lot of criticism in the tech world with suggestions that it is simple an oversized touch screen mobile phone that cannot make calls. However,... learn more »
BP Oil Distaster Could Affect Every Pension Plan in the UK
As the BP oil disaster in the Gilf of Mexico continues its share price continues to fall. BP’s dividend payments currently account for approximately 14% of every pension... learn more »
Prudential Mega Rights Issue
Prudential has announced a mega rights issue. It will be the largest one in British history. Prudential are raising money to buy AIG’s Asian life assurance business.... learn more »
Harrods Sold To Qatari Royal Family for 1.5 Billion Pounds
News just leaked is that Mohamed Al Fayed has sold Harrods through Lazarus Investment Bank. The buyer is the Qatari Royal Family. Harrods is considered a great trophy amongst... learn more »