Daily Express :: City & Business Feed

Divident hike may be in pipeline at BP

Mon, 06 Feb 2012 00:00:00 GMT

Some of our biggest companies unveil their figures this week to give a valuable snapshot of the state of corporate Britain.

Lead All is hoping to beat the pack in Asia

Mon, 06 Feb 2012 00:00:00 GMT

A MAN who helped to build household goods firm Kleeneze into one of the UK's largest direct-selling businesses wants to do the same in Asia.

Emerging markets put IMI in line for expansion

Mon, 06 Feb 2012 00:00:00 GMT

IMI is an international engineering group based in the UK with more than 10,000 employees and is a member of the FTSE 100 index.

Big bonus for Xstrata boss

Mon, 06 Feb 2012 00:00:00 GMT

XSTRATA chief executive Mick Davis is believed to be in line for a £10million "golden handcuffs" package if the miner's £55billion tie-up with commodities group Glencore goes ahead.

Bank set to print £50bn in boost to economy

Mon, 06 Feb 2012 00:00:00 GMT

THE Bank of England is expected to pump at least a further £50billion into the economy this week despite signs the economy might be starting to improve.

Barclays face ire as profit hits £6bn

Mon, 06 Feb 2012 00:00:00 GMT

BARCLAYS will be next to face banker-bashing anger this week when it is expected to announce profits of about £6billion in the face of tough conditions last year.

Surrey tops list as the hotbed of successful start-ups in recession

Sun, 05 Feb 2012 00:00:00 GMT

SURREY has spawned the highest number of successful "recession-era" start-ups according to new figures from Barclays.

Stratford luring shoppers away from high streets

Sun, 05 Feb 2012 00:00:00 GMT

RETAIL sales at many stores in Westfield shopping centre in Stratford are exceeding expectations as business is "sucked away" from London's high streets.

Xstrata investors name their price for £51bn mega-merger

Sun, 05 Feb 2012 00:00:00 GMT

SHAREHOLDERS in mining giant Xstrata have set out the terms on which they would support a merger with trading firm Glencore to create an $80 billion (£51 billion) commodities colossus.

Chief exeucitve Bob Dudley set to give crucial strategic update on BP

Sun, 05 Feb 2012 00:00:00 GMT

BP chief executive Bob Dudley is expected to elaborate on its new strategy this week as he sets out on the path to recovery after the Gulf of Mexico oil spill in 2010.

Warning QE may damage recovery

Sun, 05 Feb 2012 00:00:00 GMT

LORD Lamont, former Chancellor in the John Major government, has slammed quantitative easing (QE) as a "panic measure" that could damage the recovery.

Facebook status set to send its share price soaring

Sun, 05 Feb 2012 00:00:00 GMT

PENT-up demand for Facebook shares could send its value up from $100 billion (£63.2 billion) to as high as $123 billion (£77.8 billion) when the shares finally start trading on the stock market, according to traders.

Barclays bonuses reignite pay row

Sun, 05 Feb 2012 00:00:00 GMT

BARCLAYS is set to stoke the furore over bonuses this week when it reveals a £1.8 billion payout to its investment bankers plus a bonus and pay package to its American chief executive Bob Diamond worth up to £11.5 million.

Shares soar to a six-month high

Sat, 04 Feb 2012 00:00:00 GMT

LONDON shares rushed past the symbolic 5,900 points barrier for the first time in six months yesterday as positive global economic news dampened double-dip recession fears.

Shareholder crackdown on those who fill their boots

Sat, 04 Feb 2012 00:00:00 GMT

BANK shareholders are starting to crack down on pay after realising they have made "diddly squat" over the past 10 years while bankers have filled their boots.

RBS boss may get share of sale profits

Sat, 04 Feb 2012 00:00:00 GMT

ROYAL Bank of Scotland is to consider plans to scrap chief executive Stephen Hester's annual bonus in an attempt to stop damaging yearly rows over his pay.

Rothschild faces heat

Sat, 04 Feb 2012 00:00:00 GMT

BILLIONAIRE financier Nat Rothschild is facing a move to oust him from the board of the Bumi mining company he founded.

Sir William Castell is set to leave BP board

Sat, 04 Feb 2012 00:00:00 GMT

BP SAID Sir William Castell, former head of safety, would leave the company in April.

Bank deal lifts Game

Sat, 04 Feb 2012 00:00:00 GMT

SHARES in struggling video games retailer Game Group surged by a quarter yester- day after it was handed a lifeline by its bankers.

Misys talks to rival about £2bn merger

Sat, 04 Feb 2012 00:00:00 GMT

BANKING software company Misys said yesterday it was in talks with Swiss rival Temenos over a possible £2billion merger.

BT sets the pace in fast broadband race

Sat, 04 Feb 2012 00:00:00 GMT

BT TOOK more than half of all the UK's new broadband subscriptions as profits jumped by 18 per cent over the past three months, the company said yesterday.

Fury at £578m FSA fees

Fri, 03 Feb 2012 00:00:00 GMT

CITY watchdog the Financial Services Authority was yesterday embroiled in a row with some of the biggest companies it oversees after announcing a sharp rise in fees for this year.

Japanese eye Imperial Tobacco

Fri, 03 Feb 2012 00:00:00 GMT

LAMBERT & Butler and Embassy cigarette maker Imperial Tobacco puffed up higher yesterday as it was tipped to be in the takeover sights of Japan Tobacco.

Unilever's sales slow

Fri, 03 Feb 2012 00:00:00 GMT

SHARES in consumer products giant Unilever tumbled yesterday after it suffered a sales slowdown in emerging markets led by penny- pinching Russians.

AstraZeneca under pressure

Fri, 03 Feb 2012 00:00:00 GMT

ASTRAZENECA yesterday highlighted the pressure facing big drugs companies as key products come off patent and face competition from cheaper copycat versions.