Women are better with money than men, study finds
March 11, 2010 by admin · Leave a Comment
By Heidi Blake
Published: 9:47AM GMT 11 Mar 2010
Women keep track of their spending and are less likely to build up debts
through loans and credit cards, according to new research.
Men are more prone to ignoring mounting debts and forgetting to pay bills,
whereas women chip away at credit card bills with regular repayments, the
study found.
BP pays Devon Energy $7bn for Brazilian, Azeri, and Gulf of Mexico assets
March 11, 2010 by admin · Leave a Comment
Reuters
Published: 8:42AM GMT 11 Mar 2010
BP
The companies said on Thursday that BP
has also agreed to sell Devon a 50pc stake in its Kirby oil sands interests
in Alberta, Canada, for $500m. The deal gives BP the entry into Brazil which
Tony Hayward, the chief executive, has long eyed.
However, Devon’s assets are in the Campos basin, rather than the Santos basin
where most excitement is focused after multi-billion barrel discoveries in
recent years.
Devon announced its asset sale programme in November, saying it hoped to pull
in as much as $7.5bn for its international and Gulf of Mexico assets as it
looks to focus on its onshore oil and gas fields in North America.
Morrisons posts record profits and sales, raises dividend
March 11, 2010 by admin · Leave a Comment
Published: 8:24AM GMT 11 Mar 2010
Morrison (Wm) Supermarkets
Pre-tax profits increased 34pc to £858m on sales up 6pc to £15.4bn in the year
to January 31, 2010, the
company said in a statement.
Sir Ian Gibson, the chairman, said: “Morrisons had another good year.
Once again our focus on fresh food and great value appealed to shoppers
everywhere.”
Weekly average customers rose 7pc.
Business Bullet: China, BA, Wm Morrison, Wetherspoon
March 11, 2010 by admin · Leave a Comment
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City warns of legislation rush as date set for ‘Phoney Budget’
March 10, 2010 by admin · Leave a Comment
By Louise Armitstead
Published: 8:24PM GMT 10 Mar 2010
Gordon Brown set Budget day for March 24, leaving just over a week to debate
the complex legislation before the Easter break.
Chris Sanger, head of tax at Ernst & Young said: “The complexities of
the election timetable, coupled with the forthcoming Easter break, mean that
there will be very little time to debate whatever measures the Budget
includes. The Government will need to rush a Finance Bill through Parliament
before an election, completing in a few weeks what would, in a normal year,
take months.”
Resolution makes way for Investec in FTSE 100
March 10, 2010 by admin · Leave a Comment
By Rachel Cooper
Published: 8:06PM GMT 10 Mar 2010
FTSE 100
Investec, the South African bank whose international operations are listed in
London, will take its place in the blue-chip
index.
Resolution, which is headed by insurance tycoon Clive Cowdery, will leave the
top tier for the mid-caps on March 19 as part of FTSE Group’s quarterly
review which was based on Tuesday’s closing share prices. Its shares have
fallen by about 20pc this year since being offered to investors at 100p in a
December 2008 flotation that raised £600m to fund takeovers.
The company, which aims to buy and merge at least three life insurers or asset
managers before selling or listing the enlarged group in 2012, has completed
one deal - the £1.8bn puchase of Friends Provident last year.
Pay freeze for Toyota’s UK staff
March 10, 2010 by admin · Leave a Comment
By Graham Ruddick
Published: 7:43PM GMT 10 Mar 2010
The Japanese car maker, which has been rocked by
a global recall crisis, employs around 4,000 people in the
UK at Burnaston, Derbyshire and Deeside, North Wales, but staff have been
working at a 10pc reduction in hours and pay since April 1 last year.
Following meetings with unions, Toyota said yesterday that workers will return
to full-time working from April 1, although “in responses to the
current severe economic climate”, salary levels will be frozen.
France vows retaliation against US in air tanker dispute
March 10, 2010 by admin · Leave a Comment
By Ambrose Evans-Pritchard
Published: 7:33PM GMT 10 Mar 2010
“This is a serious affair,” said France’s Europe minister Pierre
Lellouche. “I can assure you that there will be consequences.”
“You cannot expect Europeans to contribute to global defence if you deny
their industries the right to work on both sides of the Atlantic,” he
said, adding that French president Nicolas Sarkozy would take action “at
the appropriate time”.
Gordon Brown to warn economic ’storm’ not yet over
March 10, 2010 by admin · Leave a Comment
Published: 7:30AM GMT 10 Mar 2010
The Prime Minister will promise to pull the economy out of the ‘’storm”, but
insists the recovery depends on holding to the present course.
His comments come as Westminster and the City eagerly await the date of the
budget, which is to be announced by Chancellor Alistair Darling this
morning.
There is intense speculation that it will be held on March 24. Treasury
officials would only confirm that the date would be published in a written
statement to the House of Commons.
Former taxi driver who conned millions in Ponzi scheme convicted
March 10, 2010 by admin · Leave a Comment
By Philip Aldrick and Aislinn Laing
Published: 7:30AM GMT 10 Mar 2010
Kevin Foster, 51, was convicted on 14 counts of theft and deception following
a seven-week trial at Harrow Crown Court, and now faces a maximum of seven
years in jail.
The court heard how he lured investors into his “pyramid scheme” at flamboyant
roadshows held in hotels and conference centres across the country.
