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Mon, 12 May 2008 09:48:00 GMT

Global stocks rise after HSBC; dollar firmer

supported by better-than-expected first-quarter results from HSBC which eased concerns about the banking sector, while the dollar rose towards last week's two-month peak. Major financial markets were calm after China's southwest province of Sichuan was
Mon, 12 May 2008 09:48:00 GMT

GE Commercial Finance Acquires UK's Five Arrows

GE Commercial Finance's Business Finance unit, an independent finance provider to UK SMEs, has acquired Five Arrows Commercial Finance Ltd - a UK-based, asset-based lender and factoring house. Five Arrows was acquired from N.M Rothschild (NMR) for an
Mon, 12 May 2008 09:47:00 GMT

BT in talks to sell UK data centres to Hewlett-Packard - report

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Mon, 12 May 2008 09:46:00 GMT

Vodafone ad unleashes controversy over CMT data

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Mon, 12 May 2008 09:46:00 GMT

Lloyds On Track To Report Good Performance In First Half Of 2008 - Update

Lloyds TSB Group Plc (LLOY.L, , LLDTF.PK) said that it is firmly on track to report a good performance in the first half of the year. The London-based company said that its core banking businesses have maintained their growth momentum during the first
Mon, 12 May 2008 09:46:00 GMT

EasyJet Posts Wider Loss In First Half; April Load Factor Down - Update

(RTTNews) - Low-cost airline operator easyJet Plc (EZJ.L, EJETF.PK) on Wednesday reported wider loss for the first half of fiscal 2008, weighed down by higher fuel costs, GB Airways integration costs and other operating expenses. The airliner also
Mon, 12 May 2008 09:44:00 GMT

Still On British Airways [opinion]

It would seem that the world's biggest airline, British Airways bit more than it can chew when it off-loaded some Nigerian passengers recently because of what it considered their unruly behaviour. Since then, Lucifer has escaped from the pit of hell, and
Mon, 12 May 2008 09:44:00 GMT

Vodafone seeking to expand in Africa

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Mon, 12 May 2008 09:44:00 GMT

British American Tobacco Q1 Profit Up - Update

British American Tobacco Plc (BATS.L, BTI, BTAFF.PK) reported a 20.3% rise in first-quarter profit on higher share of associates and a 14% increase in revenues. The company attributed the revenue growth to favorable exchange, improved pricing, a better
Mon, 12 May 2008 09:44:00 GMT

InterContinental Hotels Q1 Profit Falls; Adj. Profit Up - Update

InterContinental Hotels Q1 Profit Adj. Profit Up - Update Wednesday May 07, 2008 05:36:00 EDT (RTTNews) - Wednesday, InterContinental Hotels Group Plc (.L, ) reported lower profit in the first quarter, hurt by exceptional items and higher administrative
Mon, 12 May 2008 09:44:00 GMT

Vodafone preps NZ for the iPhone

Vodafone has announced it has signed an agreement with Apple to bring the iPhone to New Zealand. New Zealand was listed alongside nine other countries in an announcement of the deal to the UK stock exchange today. Vodafone New Zealand said in a statement
Mon, 12 May 2008 09:44:00 GMT

HSBC writes off $5.8bn amid US housing slump

HSBC today predicted that it is now 'increasingly likely' that the US will fall into recession this year after writing down $5.8 billion from its American business. The bank also predicted that there will be no recovery in the US housing market until at
Mon, 12 May 2008 09:41:00 GMT

UPDATE 1-Northern Rock says savings recover, arrears rise

(Reuters) - Mortgage bank Northern Rock, nationalised in February, said it gathered more savings in the first quarter and reported modest mortgage lending, though arrears were up and the UK outlook remains 'highly uncertain'. Britain's biggest casualty
Mon, 12 May 2008 09:41:00 GMT

Oil, HSBC help European shares bounce back

making good some of the losses from the previous session, led by energy stocks on high oil prices, while banks inched up as HSBC (HSBA.L: Quote, Profile, Research) posted mixed quarterly results. Shares in HSBC, Europe's biggest bank, gained 1.9 percent
Mon, 12 May 2008 09:41:00 GMT

London Markets: HSBC Holdings, commodity producers lift U.K. stocks higher

LONDON (MarketWatch) - U.K. shares advanced on Monday morning, boosted by a strong performance in the mining and oil and gas sectors and by a well-received update from banking giant HSBC Holdings. The U.K. FTSE 100 index (UK:UKX: news, chart, profile)
Mon, 12 May 2008 09:38:00 GMT

HSBC profit rises as Asian growth outweighs charges

LONDON (MarketWatch) - HSBC Holdings said Monday that its first-quarter profit was ahead of the equivalent period a year ago as higher profits in Asia, the Middle East and Latin America helped offset rising bad-debt charges in the U.S. and a write-down
Mon, 12 May 2008 09:38:00 GMT

HSBC Says Quarterly Profit Up, but Bad Debts Jump

LONDON (Reuters) - Europe's biggest bank HSBC Holdings said its profit in the first quarter was ahead of a year earlier as growth in Asia and elsewhere helped counter another big hit for bad debts on U.S. home loans. HSBC said on Monday its bad debt
Mon, 12 May 2008 09:37:00 GMT

Tesco, M&S and 02 back climate change event

LONDON - An alliance of blue-chip brands will stage a mass participation event later this year to raise awareness of climate change among consumers. Together, the umbrella organisation for CO2 reduction orchestrated by The Climate Group, is supported by
Mon, 12 May 2008 09:37:00 GMT

Northern Rock says savings recover but arrears rise

LONDON (Reuters) - Mortgage bank Northern Rock, nationalised earlier this year, said retail savings balances improved in the first quarter and reported modest mortgage lending, though arrears were up and the outlook for the UK market remains 'highly
Mon, 12 May 2008 09:37:00 GMT

Global stocks rise after HSBC; dollar firmer

SINGAPORE (Reuters) - Stocks recovered earlier losses on Monday, with Japan rebounding as the yen fell against the dollar and boosted exporters, and Sydney rising 1 percent on optimism over a potential bank takeover. But European markets were on course
Mon, 12 May 2008 09:37:00 GMT

HSBC writes off $5.8bn amid US housing slump$

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Mon, 12 May 2008 09:36:00 GMT

Producer price surge will leave BoE even less willing to cut interest rates

By Paul Dale of Capital Economics Producer prices soared at the fastest annual pace since at least 1986 in April as raw-material costs jumped. Prices charged by factories rose 7.5pc from a year earlier, the most since records began two decades ago, the
Mon, 12 May 2008 09:36:00 GMT

Warning over British Gas bills

British Gas owner Centrica has warned of further possible bill hikes for customers as wholesale gas prices continue to climb. In January, the firm upped gas and electricity bills by an average of 15 per cent to help cope with rising wholesale prices but
Mon, 12 May 2008 09:36:00 GMT

Northern Rock says outlook for UK mortgage industry remains 'highly uncertain'

LONDON (Thomson Financial) - Northern Rock Plc. said the outlook for the UK mortgage market remains 'highly uncertain', but progress against its business plan to date is encouraging. The UK mortgage lender, which was nationalised in February, said while
Mon, 12 May 2008 09:35:00 GMT

HSBC in new sub-prime writedown

Europe's biggest bank HSBC has written off $3.2bn (1.6bn) in the first three months of 2008 as a result of its exposure to the US sub-prime market. The write downs, which are lower than the total written off in the final quarter of 2007, are in line with
Mon, 12 May 2008 09:34:00 GMT

Oil, HSBC Help Markets Bounce

making good some of the losses from the previous session, led by energy stocks on high oil prices, while banks inched up as HSBC posted mixed quarterly results. Shares in HSBC, Europe's biggest bank, gained 1.9 percent after it said its The FTSEurofirst
Mon, 12 May 2008 09:32:00 GMT

HSBC Earnings, Bad Debts Rise

Europe's biggest bank HSBC Holdings said its profit in the first quarter was ahead of a year earlier as growth in Asia and elsewhere helped counter another big hit for bad debts on U.S. home loans. Kirsty Wigglesworth / AP HSBC said in a trading
Mon, 12 May 2008 09:32:00 GMT

O2 Germany introduces GSM desktop phone

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Mon, 12 May 2008 09:31:00 GMT

Vodafone UK unveils line-up for first TBA 2008 gig

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Mon, 12 May 2008 09:31:00 GMT

Vodafone says not pursuing MTN bid

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Mon, 12 May 2008 09:31:00 GMT