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ICAP sees year profit in line with forecasts

LONDON (Reuters) - ICAP plc , the world’s biggest interdealer broker, said on Wednesday like-for-like group revenue rose 15 percent in its first quarter and it expected annual profit to be in line with market expectations.


Original Source: feeds.reuters.com


  15 July, 2008| massmedia | Comments (0) @ 23:53
Land Secs says lettings and asset sales slowing

LONDON (Reuters) - The stricken quoted property sector faces up to a year of further market turbulence as it waits to see how occupiers grapple with poorer economic conditions, Land Securities said on Wednesday.


Original Source: feeds.reuters.com


  15 July, 2008| massmedia | Comments (0) @ 23:50
Asia stocks dip on growth fears

HONG KONG (Reuters) - Asian stocks edged lower on Wednesday as investors grew more pessimistic about the outlook for global growth, clinging to the relative safety of U.S. government debt and pushing oil below $138 a barrel.


Original Source: feeds.reuters.com


  15 July, 2008| massmedia | Comments (0) @ 23:46
Watchdog calls for shake-up of bank accounts

LONDON (Reuters) - Consumer affairs watchdog called on Wednesday for a shake-up of the 8 billion pound market for personal bank accounts, saying existing arrangements were not working well for consumers.


Original Source: feeds.reuters.com


  15 July, 2008| massmedia | Comments (0) @ 23:42
JD Wetherspoon second half sales ahead of guidance

LONDON (Reuters) - Pubs group JD Wetherspoon said on Wednesday that sales in the second half of its financial year had been ahead of its previous guidance, due in part to recent marketing activities.


Original Source: feeds.reuters.com


  15 July, 2008| massmedia | Comments (0) @ 23:28
Wolseley profit down 28 percent

LONDON (Reuters) - Building materials group Wolseley said on Wednesday that trading profit for the last 11 months was down 28 percent and market conditions were likely to continue deteriorating.


Original Source: feeds.reuters.com


  15 July, 2008| massmedia | Comments (0) @ 23:25
AOL talks with Microsoft and Yahoo heat up

NEW YORK (Reuters) - Time Warner Inc’s discussions to merge or sell its AOL Internet division with Microsoft Corp or Yahoo Inc have taken on new urgency ahead of Yahoo’s Aug 1 shareholders meeting, a source familiar with the discussions told Reuters on Tuesday.


Original Source: feeds.reuters.com


  15 July, 2008| massmedia | Comments (0) @ 23:16
Rio second-quarter refined copper output falls

SYDNEY (Reuters) - Global miner Rio Tinto’s second-quarter refined copper output tumbled 18 percent from the same period a year ago, facing lower yields at some operations, while production of iron ore, weighted toward sales in China, rose 13 percent, the company said on Wednesday.

Original Source: feeds.reuters.com


  15 July, 2008| massmedia | Comments (0) @ 22:58
‘Rent now buy later’ housing plan

Housing minister Caroline Flint announces measures aimed at helping people in England get on the housing ladder….
Original Source: news.bbc.co.uk


  15 July, 2008| massmedia | Comments (0) @ 22:26
AOL talks with Microsoft, Yahoo heat up: source

NEW YORK (Reuters) - Time Warner Inc’s discussions to merge or sell its AOL Internet division with Microsoft Corp or Yahoo Inc have taken on new urgency ahead of Yahoo’s Aug 1 shareholders meeting, a source familiar with the discussions told Reuters on Tuesday.


Original Source: feeds.reuters.com


  15 July, 2008| massmedia | Comments (0) @ 22:14
Gold slips from 4-month high

SINGAPORE (Reuters) - Gold dropped on Wednesday as speculators booked profits after the metal rose to a four-month high the previous day, while platinum fell 2 percent on fears of weakening demand for autocatalysts.


Original Source: feeds.reuters.com


  15 July, 2008| massmedia | Comments (0) @ 20:18
GM to cut jobs to survive

DETROIT (Reuters) - General Motors Corp on Tuesday announced a plan to cut costs by $10 billion (5 billion pounds), suspend its common stock dividend and sell up to $4 billion in assets in a bid to shore up cash and survive a deep industry slump.


Original Source: feeds.reuters.com


  15 July, 2008| massmedia | Comments (0) @ 20:16
Asia stocks slip on global growth fears

HONG KONG (Reuters) - Asian stocks slipped on Wednesday as investors grew more pessimistic about global growth prospects, knocking oil below $140 a barrel.


Original Source: feeds.reuters.com


  15 July, 2008| massmedia | Comments (0) @ 19:39
Oil steady under $139

SINGAPORE (Reuters) - Oil was steady on Wednesday, after falling more than $6 in the previous session, the steepest slide in dollar terms in 17 years as demand fears swelled on the worsening prospects of the U.S. economy.


Original Source: feeds.reuters.com


  15 July, 2008| massmedia | Comments (0) @ 19:02
Regulator seeks clearer green energy tariffs

LONDON (Reuters) - Britain’s energy suppliers must stop labelling any electricity tariffs “green” unless they commit to spending more of their own money on environmental projects, according to new guidelines from UK energy regulator Ofgem.


Original Source: feeds.reuters.com


  15 July, 2008| massmedia | Comments (0) @ 16:23
Housing rebound: When to spot one

This is already one of the worst national housing downturns in half a century. But what’s really scary is that judging from the still-huge overhang of unsold homes - one of the key indicators of the market’s prospects - things could get worse. In fact, much worse if the economy slips into recession.

Original Source: rss.cnn.com


  15 July, 2008| massmedia | Comments (0) @ 15:01
Financial worries slam global stocks

NEW YORK (Reuters) - Global stocks fell sharply on Tuesday, knocked lower by growing fears over the outlook for banks, but a big drop in oil prices eased the slide in equity markets and slowed the flight to the safe-havens of gold and government debt.


Original Source: feeds.reuters.com


  15 July, 2008| massmedia | Comments (0) @ 14:07
Stocks slip as financial worries persist

NEW YORK (Reuters) - Global stocks fell sharply on Tuesday, knocked lower by growing fears over the outlook for banks, but a big drop in oil prices alleviated equity markets and eased safe-haven bids for gold and government debt.


Original Source: feeds.reuters.com


  15 July, 2008| massmedia | Comments (0) @ 13:25
Oil plunges $6 on mounting U.S. economic concern

NEW YORK (Reuters) - Oil dropped more than $6 on Tuesday, the largest drop in dollar terms in 17 years, as growing concern about the economic health of top energy consumer the United States stirred demand worries.


Original Source: feeds.reuters.com


  15 July, 2008| massmedia | Comments (0) @ 13:06
Where Americans will (and won’t) cut back

Consumer confidence is in the gutter, inflation is on the rise and the economy is struggling. But even as consumers cut back on spending, there are some things they refuse to give up.

Original Source: rss.cnn.com


  15 July, 2008| massmedia | Comments (0) @ 12:25
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