LONDON/PARIS (Reuters) - French power giant EDF walked away from a 12 billion pound deal to buy British Energy early on Friday in a dramatic U-turn that could delay Britain’s plans to relaunch its nuclear programme.
LONDON (Reuters) - Insurance broker Jardine Lloyd Thompson reported a better-than-expected 4 percent increase in half-year profit and said it was set for further growth despite a challenging economic environment.
LONDON (Reuters) - U.S bank JPMorgan has pulled out of talks to move its European headquarters to a City of London office development planned by Hammerson and the City of London Corporation, the property firm said on Friday.
LONDON (Reuters) - Alliance & Leicester , which is being taken over by Spain’s Santander, said first-half profits were almost wiped out due to a 209 million pound hit to the value of risky assets and higher funding costs.
LONDON (Reuters) - British Airways posted an 88 percent fall in first quarter pretax profit on Friday due to spiralling oil prices, the economic slowdown and weaker consumer confidence.
LONDON (Reuters) - BAE Systems , Europe’s biggest defence company, posted a 26 percent rise in first-half earnings on Friday and said its full-year results would benefit from strong demand for armoured wheeled vehicles.
LONDON (Reuters) - Nuclear operator British Energy Group said on Friday it had not agreed a takeover agreement with an unidentified suitor, which sources familiar with the matter have said is France’s EDF.
If there’s any silver lining to this sluggish economy, it’s this: You, the consumer, are back in charge. For most products and services, “you have a lot more power to name your price,” says Nancy Koehn, a retail history professor at Harvard Business School.
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Original Source: rss.cnn.com
If there’s any silver lining to this sluggish economy, it’s this: You, the consumer, are back in charge. For most products and services, “you have a lot more power to name your price,” says Nancy Koehn, a retail history professor at Harvard Business School.
…
Original Source: rss.cnn.com
LONDON (Reuters) - The next 12 months are likely to be the slowest period for Britain’s retailers since the early 1990s, researchers Experian said on Friday.
NEW YORK (Reuters) - General Motors is in talks with Indian automaker Mahindra & Mahindra and automakers in Russia and China about selling its Hummer brand, sources familiar with the matter said.
HONG KONG (Reuters) - Asian investors balked at ugly U.S. economic data and a grim outlook for Japanese banks, causing stocks to sag and safe-haven bonds to perk up on Friday, while oil fell further after its biggest monthly drop since 2004.
SAN FRANCISCO (Reuters) - Yahoo’s annual investor meeting on Friday will be a magnet for discontent over the company’s failure to reach a merger deal with Microsoft and complaints about the company’s past performance.
Governor Arnold Schwarzenegger of California moves to end a budget crisis by sacking 22,000 state workers….
Original Source: news.bbc.co.uk
LONDON (Reuters) - Chancellor Alistair Darling is looking at imposing a windfall tax on energy companies although the government is divided on the issue, a newspaper reported on Friday.
(Reuters) - Inter-dealer broker GFI Group , which earlier confirmed that it was in merger talks with rival Tullett Prebon , said quarterly profit rose 24 percent, helped by higher brokerage revenue.
The Treasury Secretary predicts better times as figures show the US economy grew at a slower-than-expected rate of 1.9%….
Original Source: news.bbc.co.uk
LOS ANGELES/NEW YORK (Reuters) - Biogen Idec and Elan have notified regulators of two new cases of a potentially deadly brain disease in multiple sclerosis (MS) patients being treated with Tysabri.
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