UNITED KINGDOM

More news
IBTimes Logo

European IPOs pick up as equity markets calm down

Initial public offerings in Europe are gaining momentum, with three major IPOs set to launch before year-end and about $10 billion that could be raised in the next six months as volatile equity markets calm down.
IBTimes Logo

Daily Forecast - 11/11/2009

The Australian Dollar opens steady against the greenback today at 0.9280. During local trade, the Aussie nudged a calendar-year high above US93 cents ahead of importer interest and profit taking which took the unit back down to 0.9270. Several major currencies have moved higher in recent days after the International Monetary Fund (IMF) said the U.S. Dollar was overvalued. An upbeat NAB business confidence survey also underpinned the local unit yesterday. During offshore trade, the Aussie moved b...
IBTimes Logo

Daily Forecast 11/11/2009

The Australian Dollar opens steady against the greenback today at 0.9280. During local trade, the Aussie nudged a calendar-year high above US93 cents ahead of importer interest and profit taking which took the unit back down to 0.9270.
IBTimes Logo

Dollar off 15-month low as market pauses for breath

The dollar bounced off a 15-month low on Tuesday and the euro dipped below $1.50 as investors paused to assess whether the global outlook justifies a recent rally in higher-yielding currencies and assets.
IBTimes Logo

Vodafone doubles cost cut target to 2 bln stg

Vodafone, the world's largest cellphone operator by revenue, has doubled its cost cutting target to 2 billion pounds ($3.33 billion) by 2012 to counter fierce competition in India and Europe.
IBTimes Logo

Barclays, HSBC signal bad debts may have peaked

Britain's top two banks, HSBC and Barclays , signaled bad debts may be past their peak, with HSBC declaring on Tuesday the first improvement for three years in losses on U.S. consumer credit.
IBTimes Logo

Peak oil closer than IEA forecasts show: report

The world is closer to a peak in oil supply than International Energy Agency estimates admit, UK newspaper The Guardian reported in its Tuesday edition, citing an unidentified whistleblower at the IEA.
IBTimes Logo

Dollar close to 15-mth low; sterling falls on Fitch

The dollar's trade-weighted index hovered near a 15-month low on Tuesday on the view U.S. interest rates will stay low, while sterling fell after Fitch said the UK was the major economy most at risk of losing its AAA rating.
IBTimes Logo

Lloyds to cut another 5,000 jobs

Bailed-out British lender Lloyds Banking Group is to cut a further 5,000 jobs by the end of 2010 as it continues to overhaul its operations and integrate HBOS.
IBTimes Logo

HSBC, Barclays signal bad debts may have peaked

Britain's top two banks, HSBC and Barclays, signaled bad debts may be past their peak, with HSBC declaring on Tuesday the first drop in U.S. consumer finance impairments for three years.
IBTimes Logo

Barclays restarts dividends

Barclays Plc said strong investment banking helped limit a fall in profit in the third quarter and it expects bad debts to peak earlier than it had previously expected.
IBTimes Logo

Global stocks rise as risk favored

World stocks ticked higher on Tuesday as positive reports from UK banks kept the momentum with investors who chased risky assets in anticipation countries would keep monetary policy accommodative.
IBTimes Logo

Daily Forecast - 10/11/2009

The Australian Dollar opens higher against the greenback today at 0.9285. Stronger than expected local housing finance data during the local session yesterday gave the currency a boost to an intraday high of 0.9241. Home loans grew by 5.1 per cent in September to 65,505 after 2 months of slowing demand in yet another signal to markets that the Reserve Bank of Australia (RBA) may need to hike rates in the coming months. The RBA is known to be concerned about unimpeded price-growth in the resident...

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.