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Rolls-Royce profit up, more bullish on outlook
LONDON - British engine and turbine maker Rolls-Royce reported a stronger than expected rise in first half profit, saying strong trading at its marine unit and a tight lid on costs had allowed it to raise full-year forecasts. 'We now expect underlyingmore
Chalco shares jump on Rio Tinto iron ore venture
HONG KONG, July 30 (Reuters) - Hong Kong- and Shanghai-listed shares of Aluminum Corp of China jumped more than 4 percent on Friday after the company announced a new joint venture to develop iron ore in Africa with Rio Tinto. Chalco's Hong Kong listedmore
BP says DOJ, SEC probe trading around oil spill
LONDON - BP Plc said the Securities and Exchange Commission and the Justice Department had launched a probe into market trading connected to the oil giant's Gulf of Mexico oil spill. 'The Securities and Exchange Commission and DoJ are conducting informalmore
Will BP's Dudley do right?
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to colleagues, clients or customers, use the Reprints tool at the top of any article or visit: www.reutersreprints.com. HATTIESBURG, Mississippimore
SAA, BA and others in dock for fixing cargo freight rates
Eight cargo carriers including SAA Cargo and British Airways (BA) face allegations of fixing the price of fuel surcharges and rates of cargo flown in and out of South Africa. The cargo carriers are the latest sector that the Competition Commission hasmore
TUC cancels Vince Cable's invitation to be guest speaker
His speech looked set to be as brutally received as Patricia Hewitt's in 2006, when she was forced to abandon her address to the Royal College of Nurses conference. But the trade union leaders who made the high-risk decision to invite Vince Cable tomore
Lawyers Skirmish Over Spill Suits Against BP
There may be no tar balls in Boise, but it figures large in the suits against BP as lawyers meet there to decide where the cases should be heard.more
BT gains from cost-cutting programme as first-quarter profits climb 17 per cent
BT lifted profits 17 per cent between April to June as its cost-cutting plan continued to pay off, in what the group's chief executive called an "acceptable" start to its financial year. BT faced down potential strike action earlier this month and alsomore
Market Report: North American worries take the fizz out of Rexam
Worries over weakness in North American volumes weighed on Rexam, the beverage cans maker, which ended at the bottom of the blue-chip index last night. Credit Suisse said the successful outcome of ongoing North American contract negotiations had "been amore
PartyGaming and Bwin merger to create online gaming giant
PartyGaming and Bwin have agreed to merge to create the world's largest online gambling company, as the expected consolidation in the market takes shape. The merged entity would have annual revenues of 682m (572m), based on pro-forma 2009 data, andmore
Analysis: BP Spill Seeps Into Norway's Arctic Drilling Debate
Norway's decades-old political consensus on offshore drilling is under attack in the wake of the BP oil spill, just as it covets new riches in the Arctic. The powerful oil industry says it needs to tap resources off the Arctic archipelagoes of Lofotenmore
Ellesmere Port Mayor removes ?mutants? in Asda video
Ellesmere Port Mayor removes ?mutants? in Asda video THE mayor of Ellesmere Port last night defended a video which shows him calling daytime shoppers at his local Asda ?mutants?. The 37 second video clip was part of a series of ?diaries? he created formore
Defender Nick Wood pens a one-year deal with Tranmere Rovers FC
TEENAGE defender Nick Wood secured a contract with Tranmere yesterday then set himself the target of establishing a regular first-team place over the coming season at Prenton Park. Wood, 19, earned his one-year deal by impressing as a trialist over themore
BP wants to sell stakes in Venezuela oil to TNK-BP
BP Plc has told Venezuela's state oil company it's interested in selling stakes in three projects to its Russian venture, TNK-BP Holding, Petroleos de Venezuela SA vice president Eulogio del Pino said. BP needs the Venezuelan government's approval tomore
Rio Tinto finally goes into business with Chinalco.
The giant Anglo-Australian miner, Rio Tinto, has agreed to a joint venture with Chinese firm, Chinalco. The formerly tense relationship between China's state-owned Chinalco and Rio has been set aside so an iron ore project can go ahead in Guinea, Westmore
EDF sells British grids for $8.6 billion: sources
FRANKFURT/LONDON (Reuters) - France's EDF (EDF.PA: Quote, Profile, Research, Stock Buzz), the world's second-largest utility, agreed to sell its British power grids to two Hong Kong bidders for more than 5.5 billion pounds ($8.6 billion), two sourcesmore
Unilever's AXE Gets Increased Action In Wal-Mart
â?¢Case Study: The Business Issue â?? A Gap Costing Millions Brand Mangers at Unilever felt there was a significant 15% gap in sales at Wal-Mart stores. It was believed that the primary cause for the gap resulted from the automatic replenishmentmore
Tesco hits back over store plans meeting
SUPERMARKET giant Tesco has defended itself following claims it turned down an invitation to a public meeting in Oxford. During the meeting at St Lukes Church, in Canning Crescent, on Wednesday last week, residents reacted angrily when the company wasmore
'Sainsbury's store would ruin business' say East Oxford traders
TRADERS fear they will be forced out of business if Sainsburys is allowed to open a store on the edge of East Oxford. The supermarket giant is seeking permission to open one of its convenience stores on the site of the former Threshers wine store on Themore
Customers intrigued by new British bank Metro
LONDON: Metro Bank, Britain?s first new high street retail bank in more than 100 years, opened its doors to customers on Thursday, hoping to break into a sector whose reputation has been damaged by the credit crisis. A steady stream of customers weremore
UK plans to scrap fixed retirement at age 65
LONDON: Britain announced plans to scrap the fixed retirement age next year, saying it wanted to give people the chance to work beyond 65, but business leaders warned the move would create serious problems. Currently, employers can force staff to retiremore
Bumper UK earnings fail to lift FTSE as bank sell-off weighs
THE LONDON REPORT BRITAIN?S top shares closed easier yesterday as a retreat from banks and investor caution ahead of US growth data offset a batch of robust UK corporate earnings from companies including AstraZeneca. The FTSE 100 closed downmore
Reed Elsevier sees H1 trading improve
Publishing group Reed Elsevier reported an improved overall trading performance in the first half, with underlying revenue growth of 1%. The group pointed to late-cycle effects on core subscription revenues and said advertising and promotional marketsmore
BP chief Hayward resigns over Gulf oil spill
LONDON: British Petroleum Chief Executive Tony Hayward resigned on Tuesday (Wednesday in Manila), claiming to have been 'demonized and vilified' over the Gulf of Mexico oil spill disaster that is set to cost the British group $32 billion. Hayward, whosemore
Rio Tinto signs Simandou iron ore JV agreement with Chinalco
Rio Tinto Ltd announced on July 29 that it has signed a binding agreement with Chinalco subsidiary Chalco to establish a joint venture covering the development and operation of the Simandou iron ore project in Guinea. The binding agreement follows themore
London cleaners win living wage
ISS, the last cleaning contractor operating on London Underground to refuse to pay its workers the London Living Wage (£7.85), has finally caved in, meaning that all cleaners on the Underground will now be paid at least that amount. Cleaning workers aremore
BP Lawsuits Over Oil Spill Take Centre Stage
Crews conduct controlled burns near the Deepwater Horizon/BP incident site in Gulf of Mexico in this May 26, 2010 handout photo. REUTERS/Ann Marie Gorden/U.S Coast Guard photo/Handout/FilesBy George Prentice BOISE, Idaho, July 30 (Reuters) - More thanmore
BP prepares to pay price for Macondo
price index newspaper stories most popular recruitment The GM - Europe will establish sales strategies for various regions in order to sustain and grow the company's business interests, as well as direct a sales team to... Master Flo Valve Inc. An ismore