Market News
Taylor Wimpey Says More Struggles Ahead
TweetTaylor Wimpey, the result of the merger of Wimpey Homes and Taylor Woodrow in 2007, is expecting more struggles in the house building sector. CEO Pete Redfern explained that the merger led to a complex debt structure which has caused some financial issues within the organisation. Taylor Wimpey have sold off their North American business to help pull in... Stock market news »
Northern Rock Looks Set To Make A Profit In 2012
TweetNorthern Rock’s CEO Ron Sandler is confident that the bank will be making a profit by 2012. He told the FT that they had reduced the losses “significantly” and that business was building up some momentum. Northern Rock was the first bank to be rescued by the tax payer. In 2007 Northern Rock ran out... Stock market news »
HSBC Make £7 Billion in 6 Months and Cuts 30,000 Jobs
TweetHSBC have had an unbelievable year so far with 6 month profits up by 3 percent to $7,000,000,000. However, they are cutting around 30,000 jobs globally. Thankfully the UK is unlikely to get hit with the job cuts, it is thought that only around 700 jobs will go in the UK and many of... Stock market news »
News International CEO Rebekah Brooks Has Resigned – Tom Mockridge Takes the Lead
TweetThe phone hacking scandal that his News of the World is spreading across the whole of News International with reports of the FBI investigating claims that families of victims of the 9/11 attacks had their phones hacked for stories. Only yesterday Rupurt Murdoch said that Rebekah Brooks still had his full support, however, today she stepped... Stock market news »
Many Companies Cancel Advertising With News International
TweetThe phone hacking scandal could have deep repercussions for News International. Various companies are cancelling advertising deals with News of the World. The Royal British Legion, Sainsburys, Boots and N Power have all suspended advertising with News of the World due to the scandal. News of the World investigative reporters are accused of accessing... Stock market news »
1500 Bombardier Jobs at Risk in Derby
TweetThe UKs only train manufacturer Bombardier, has lost out on a key contract to Germany’s Siemens. Bombardier Transportation is the railway division of Bombardier Incorporated, a Canadian company which It is expected that around 1400 contractors will be amongst those losing their jobs at the Derby plant. The Derby plant is home to Derby... Stock market news »
Possible Job Losses At Credit Suisse
TweetCredit Suisse is planning job cuts across many European offices to reduce costs. It is thought that up to 100 jobs will be lost from Credit Suisse’s UK offices. Credit Suisse is reducing the number of top level managers in the business as well as administrators. So far at least 20 managing directors have... Stock market news »
Thorntons Closing Shops Across The UK
TweetThe UK’s favourite chocolate shop, Thorntons, has announced plans to close some under-performing stores. This news shows that the deepening crisis in the retail sector is still continuing and consumers are buying less top quality products. In addition to just selling chocolates Thorntons run many small coffee shops as part of their stores which are very popular. In the summer many also... Stock market news »
Habitat Goes Into Administration
TweetHabitat closed and sold stores last year in an attempt to reduce debts but today we learned that Habitats financial situation could not be recovered. Habitat has gone into administration. The only high street store to be totally dedicated providing fashionalbe and stlyish home furnisihings has now gone. Who Is Buying Habitat? Home Retail... Stock market news »
BP Parting From Wytch Farm While Others Are Investing
TweetBP Plc., the global oil giant, sold its majority stake in Wytch Farm, the largest onshore oil field in Western Europe. In a US$610 million deal, BP sold its majority stake of 67.81% to the Anglo-French private oil firm Perenco. In as early as in July 2010, BP announced its plans to divest its... Stock market news »
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