Aston Martin has priced its initial public offering at £19 per share in the middle of its stated range
Markets across the world tumble as Greece orders its banks to shut for a week and imposes capital controls after its citizens emptied ATMs.
Standard Chartered’s market value has slumped almost a quarter after US regulators alleged it hid $250-billion in transactions with Iran.
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/ 1 February 2011
BP on Tuesday posted its first annual loss in almost two decades as a result of last year’s devastating Gulf of Mexico oil spill.
UK launched a probe into US bank Goldman Sachs on Tuesday linked to US fraud charges that the Wall Street giant misled investors.
BA and Spanish flag carrier Iberia on Thursday announced a merger deal to create one of the world’s biggest airlines.
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/ 5 February 2010
Global equities tumbled on Friday as investors ran for cover on fears that soaring European state debt could damage a fragile economic recovery.
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/ 19 January 2010
Cadbury, a monument to the British chocolate bar, fell on Tuesday to US giant Kraft by accepting an offer worth £11,5-billion.
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/ 18 December 2009
British Airways won a high court battle on Thursday to prevent cabin crew staging a 12-day walkout.
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/ 29 October 2009
Royal Dutch Shell revealed a 62% net profit slump in the third quarter on Thursday, blaming weak oil prices.
The price of New York crude oil soared above $126 per barrel on Friday, lifted by speculative demand amid concerns about tight global energy supplies, analysts said. New York’s main oil futures contract, light sweet crude for June delivery, spiked as high as $126,20 in London trading hours.
A global equities sell-off gathered speed on Friday as nervous investors were hit by growing United States recession fears, a plunging dollar and record oil prices, dealers said. European markets fell after sharp losses earlier in Asia and overnight on Wall Street following more bad news on the US subprime home-loan crisis.
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/ 23 October 2007
British energy giant BP, reeling from fatal safety errors and a boardroom scandal, said on Tuesday that third-quarter profits slumped owing to lower output, weak United States gas prices and refinery outages. Net profit on a replacement-cost basis plunged 44,5% from a year earlier to $3,87-billion in the three months to September.
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/ 16 September 2007
Troubled British bank Northern Rock faced break-up rumours on Sunday as it sought to reassure panicking customers and investors following an emergency bail-out by the Bank of England. Worried customers besieged Northern Rock on Friday and Saturday to withdraw their savings — despite assurances that it would not fall victim to the global credit squeeze.
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/ 29 October 2006
The appointment of Cynthia Carroll as chief executive of Anglo American marks a step in the right direction for equality in Britain’s boardrooms as women struggle to break through the glass ceiling, analysts said. The global mining giant, which is registered in Britain but operates mainly in South Africa, announced last week that 49-year-old Carroll would replace Tony Trahar on March 1 2007.
European stocks rose on Friday, recovering part of recent losses as investors seized on news that the New York Stock Exchange Group was to acquire the pan-European stock market Euronext. The $10-billion (€7,8-billion) cash and stock deal, announced overnight in New York, will create the first trans-Atlantic securities market.
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/ 2 February 2006
Royal Dutch Shell posted on Thursday net profit of $22,94-billion for 2005, the highest full-year profit figure in British corporate history, as the Anglo-Dutch energy group benefited from record oil prices. Net profit, excluding gains from the value of its crude oil inventories, soared by 30% last year compared with a profit of $17,595-billion in 2004.