Car production rose by 54 per cent in May and was up 62.6 per cent in the year to date, according to the latest figures from the Society of Motor Manufacturers and Traders.
Anger at BP was growing amongst US congressman as the final session of the Chief Executive's hearing began.
BP Chief Executive, Tony Hayward has expressed his desire to find out the cause of the explosion on Deepwater Horizon whilst defending the safety record of his company during his tenure as its CEO.
BP Chief Executive Tony Hayward has apologised to a US subcommittee after a BP oil leak starting April 20 has caused untold damages to the Gulf of Mexico and its communities.
'Rule Britannia' is the message that one brokerage, Nomura is giving these days, after Prudential’s failed bid for AIA, highlights the need for ‘British’ businesses to target a ‘British market’.
Stagecoach has won a dispute with the Department for Transport regarding the date from which it could receive revenue support from the DfT for its South Western Trains franchise.
Macro-prudential regulation has returned to its maker, today after the Government announced it would be restoring the UK's Central Bank - the BoE as the chief regulator of the financial system.
Game Group shares fall on the FTSE 250 by 6.74 pct after the group reported yet another decline in sales following the nineteen weeks of February 1 to 12 June.
Retail sales have risen 0.6 pct in May, month-on-month, after predominantly food sales growth came in at one percent, whilst non-food sales showed no change, held up by strong electrical sales up 1.7 pct.
The Advertising Standards Authority has supported a claim by Costa Coffee that "seven out of ten coffee lovers prefer Costa" to Starbucks.
Barack Obama, president of the United States of America, is demanding BP pay up to $20 bn in damages as tensions between US and UK mount over the growing oil crisis.
Jupiter Asset Management, the UK's most well-known asset manager, has successfully launched its IPO netting it a £220m windfall for the company, and £33.5m for its fund managers and directors.
UK Unemployment has increased 0.1 pct with the jobless rate at 7.9 pct for the three months to April 2010.
Shares in J Sainsbury were up on the FTSE 100 and are a weak hold after the supermarket group reported a rise in first quarter sales of 1.1 per cent.
J Sainsbury PLC sales growth has slowed in Q1 in their Interim Management Statement released today.
In 1971, the Bretton Woods Gold-Dollar exchange rate system broke down, bringing in an era of floating exchange rates with all their uncertainty. Governments, especially the USA's and UK's may have been relieved of defending a particular parity by having to take deflationary action but this simply passed the burden on to trade and industry. As rates of exchange might vary at any time, both exporters and importers feared exchange rate losses, so increasing risk and uncertainty in the busi...
Shares in J Sainsbury were up on the FTSE 100 in afternoon trading and are a "weak hold" ahead of tomorrow's first quarter trading statement.
Microsoft’s revamped Marketplace for Windows Phone 7 is set to include a new ‘private’ distribution model that allows companies to distribute software to their employee’s mobile phones.
BP are in the process of talking with investment banks Blackstone Group LP, Goldman Sachs Group Inc and Credit Suisse Group AG, and now HSBC as it emerged that a £5bn war chest is being prepared.
Shares in BSkyB were soaring almost 20 per cent on the FTSE 100 in afternoon trading after it emerged that News Corporation, owned by Rupert Murdoch, is attempting to takeover the remaining 60.9 per cent of the company's shares that it does not yet hold.
The rate of inflation dropped slightly in May, according to the Office for National Statistics, but is still well above the Bank of England's official target of two per cent.
Alexon Group, a ladies clothing retailer listed on the London Stock Exchange, has announced like-for-like sales down 5.4 pct for the 19 weeks ended 12 June 2010 due to volcano ash disrupting supply chains.
The British Retail Consortium has welcomed the revised growth forecasts provided by the newly created Office of Budget Responsibility, saying the new forecasts "better reflect reality".
Tesco first quarter interim management statement today shows that sales for the thirteen weeks to 30 May were in line with expectations for this year.
Tesco, have made an impressive start to the year, with a 8.2 pct growth in total sales, led by International sales which grew 11.9 pct (actual exchange rates).
BP shares have closed down 9.25 pct today after the board of BP met to discuss the growing bill from the oil costs.
Shares in Tesco were down on the FTSE 100 and are a recommended hold ahead of its first quarter trading statement due tomorrow.
The UK's Office for Budget Responsibility has set out its forecast for economic growth after the previous forecasts were too optimistic.
Shares in Majestic Wine rose seven per cent in morning trading after the group said it had more than doubled its profits in the full year ended 29 March.
The newly formed Office for Budget Responsibility is set to make its first foray into public life tomorrow when it revises the growth forecasts provided by the previous Labour government.
