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- Britvic confident of meeting year expectations
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LONDON (Reuters) - Soft drinks group Britvic said on Friday it is confident of meeting market forecasts for its full-year earnings but warned conditions in the licensed on-premise market will remain challenging.
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Original Source: feeds.reuters.com
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24 July, 2008| massmedia |
Comments (0) @ 23:51
- Oil change
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Equatorial Guinea’s government is reshuffledThe appointment of the former finance minister to take charge of Equatorial Guinea’s oil and gas sector is the most significant change in a cabinet reshuffle undertaken by the president, Teodoro Obiang Nguema Mbasogo, following his dismissal of the previous government at the start of this month. The new mines, industry and energy minister, Marcelino Owono Edu, had been finance and budget minister since 2003. He is expected to apply a more rigorous approach to supervising the oil and gas sector, which accounts for 90% of the GDP of Equatorial Guinea. The West African country produces about 360,000 barrels/day of oil, and last year started to export liquefied natural gas (LNG) from the Bioko Island complex, which is operated by Marathon Oil Company of the US and has a capacity of 3.7m tonnes/year….
Original Source:
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24 July, 2008| massmedia |
Comments (0) @ 23:40
- Mitchells & Butlers sees improved summer trading
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LONDON (Reuters) - Pubs operator Mitchells & Butlers says it saw a small pick-up in trade over the past 10 weeks, reflecting continued strong demand for food and with diners accounting for two thirds of its sales.
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Original Source: feeds.reuters.com
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24 July, 2008| massmedia |
Comments (0) @ 23:33
- United Utilities says trading in line with forecasts
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LONDON (Reuters) - United Utilities said on Friday its trading for the current year was in line with expectations, and increased its final dividend by nearly 4 percent compared to the previous year.
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Original Source: feeds.reuters.com
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24 July, 2008| massmedia |
Comments (0) @ 23:23
- Britvic confident of meeting full-year expectations
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LONDON (Reuters) - Soft drinks group Britvic said on Friday it is confident of achieving full-year earnings in line with market expectations but warned conditions in the licensed on-premise market will remain challenging.
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Original Source: feeds.reuters.com
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24 July, 2008| massmedia |
Comments (0) @ 23:22
- Harbinger seeks to combine Inmarsat with SkyTerra
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LONDON (Reuters) - U.S. hedge fund Harbinger said on Friday it planned to bid for British satellite communication firm Inmarsat , pending regulatory approval, and combine the group with its SkyTerra business.
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Original Source: feeds.reuters.com
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24 July, 2008| massmedia |
Comments (0) @ 23:19
- Oil rebounds from seven-week low
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SINGAPORE (Reuters) - Oil rose above $126 a barrel on Friday, extending a rebound a day earlier that helped stem a nearly two-week dive as buyers crept back into the market before the weekend, superceding lingering demand worries.
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Original Source: feeds.reuters.com
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24 July, 2008| massmedia |
Comments (0) @ 22:46
- Rio Tinto eyes 10 percent of world potash market
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SYDNEY (Reuters) - Rio Tinto wants to grab 10 percent of the world potash market as demand for the fertiliser grows in step with biofuel production, Preston Chiaro, chief executive of Rio’s energy and minerals unit told reporters on Friday.
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Original Source: feeds.reuters.com
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24 July, 2008| massmedia |
Comments (0) @ 22:18
- Bookies see major European indexes down
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LONDON (Reuters) - Major European indexes are set to open lower on Friday, tracking falls in the U.S. and Asian markets after weak U.S. housing and jobs data reignited concerns about the state of the global economy, financial bookmakers said.
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Original Source: feeds.reuters.com
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24 July, 2008| massmedia |
Comments (0) @ 22:15
- JP Morgan and NAB mull HBOS break-up
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SYDNEY (Reuters) - U.S. investment bank JP Morgan and National Australia Bank have held talks about forming a consortium to break up British bank HBOS , the Telegraph newspaper reported on its Web site.
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Original Source: feeds.reuters.com
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24 July, 2008| massmedia |
Comments (0) @ 21:06
- Asia stocks fall, haunted by growth fears
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HONG KONG (Reuters) - Asian stocks fell on Friday, halting a four-day rally, after weak U.S. housing and jobs data and volatility in the financial sector once again reminded investors of the fragile state of the global economy.
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Original Source: feeds.reuters.com
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24 July, 2008| massmedia |
Comments (0) @ 19:53
- JP Morgan and NAB discuss HBOS break-up
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SYDNEY (Reuters) - U.S. investment bank JP Morgan and National Australia Bank have held talks about forming a consortium to break up British bank HBOS , the Telegraph newspaper reported on its Web site.
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Original Source: feeds.reuters.com
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24 July, 2008| massmedia |
Comments (0) @ 19:02
- British Energy agrees to EDF takeover
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LONDON (Reuters) - Nuclear operator British Energy has agreed to be taken over by French utility Electricite de France for around 775 pence per share, a source briefed on the matter said on Friday.
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Original Source: feeds.reuters.com
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24 July, 2008| massmedia |
Comments (0) @ 17:54
- British Energy agrees EDF takeover
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LONDON (Reuters) - Nuclear operator British Energy has agreed to be taken over by French utility Electricite de France for around 775 pence per share, a source briefed on the matter said on Friday.
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Original Source: feeds.reuters.com
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24 July, 2008| massmedia |
Comments (0) @ 17:27
- Rate rise needed despite gloom
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LONDON (Reuters) - Interest rates need to rise to prevent the inflation genie escaping the bottle despite the bleakest growth outlook since the early 1990s, according to a report by a leading think-tank published on Friday.
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Original Source: feeds.reuters.com
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24 July, 2008| massmedia |
Comments (0) @ 17:14
- Big Mac index: Sandwiched
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Burgernomics says currencies are very dear in Europe but very cheap in AsiaEVER since the credit storms first broke last August, the prices of stocks, bonds, gold and other investment assets have been blown this way and that. Currencies have been pushed around too. Did this buffeting bring them any closer to their underlying fair value? Not according to the Big Mac index, our lighthearted guide to exchange rates. Many currencies look more out of whack than in July 2007, when we last compared burger prices….
Original Source: www.economist.com
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24 July, 2008| massmedia |
Comments (0) @ 17:00
- Rate rise needed despite economic gloom
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LONDON (Reuters) - Interest rates need to rise to prevent the inflation genie escaping the bottle despite the bleakest growth outlook since the early 1990s, according to a report by a leading think-tank published on Friday.
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Original Source: feeds.reuters.com
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24 July, 2008| massmedia |
Comments (0) @ 16:29
- Retail seen to risk meltdown in next 10 years
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LONDON (Reuters) - Rising costs and depressed demand could reshape Britain’s retail industry over the next 10 years, with bankruptcies and job losses set to rise as companies struggle to adapt, a report showed on Friday.
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Original Source: feeds.reuters.com
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24 July, 2008| massmedia |
Comments (0) @ 16:25
- Global stocks slide on economic news
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NEW YORK (Reuters) - U.S. stocks fell sharply on Thursday, pulled down by a plunge in banking shares, as disappointing economic news snapped optimism that had been growing from last week and renewed a safe-haven bid for bonds.
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Original Source: feeds.reuters.com
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24 July, 2008| massmedia |
Comments (0) @ 16:01
- African year
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A former insurance boss casts eye over aid industry…
Original Source: news.bbc.co.uk
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24 July, 2008| massmedia |
Comments (0) @ 15:44