Latest City news, markets, finance, economy, stocks and shares from the London Evening Standard
Updated: 2 min 17 sec ago
Hollywood roles help LEGOs star performance
Toy manufacturer LEGO, famed for its colourful building blocks and elaborate designs, reports a 34% leap in sales to 5.86 billion Danish krona in the first half of the year
Categories: Business
Acquisitions see half-year sales soar at Alliance Pharma
Specialist medicine maker Alliance Pharma says it is enjoying an outstanding year as acquisitions help its half-year sales soar 77% to £23.4 million
Categories: Business
Troubled Thorntons set to name new chief executive
Thorntons boss Mike Davies is heading for the door, but a successor is lined up and is likely to be announced shortly
Categories: Business
Foster's turns down $2.5bn bid for wine business
Australian brewer Fosters rejects a A$2.7 billion offer from an unnamed private equity firm for its wine business, sparking hopes that it could now attract a full-scale takeover bid
Categories: Business
Richemont luxuriates in a 37% revenues leap
Richemont, the group behind posh watches Cartier and Piaget, Montblanc pens and Chloe handbags, showed as its five-month sales beat expectations with a 37% jump in revenues
Categories: Business
Dana: £240m buy puts firm above Korean bid
North Sea oil group Dana Petroleum bought £240million of assets which it says makes it more valuable than last week's £1.87 billion hostile takeover bid from Korea National Oil Corp
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Cape profit jumps 17.5% as it restarts dividend payments
Energy sector support services group Cape posted a 17.5% rise in first-half profits and said it was restarting dividend payments and would look to return to London's main market in 2011
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Barratt says housing market remains tough
Housebuilder Barratt said wider economic fears and the lack of mortgage finance meant the market for new housing was still challenging as it reported a jump in profits
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House prices have stabilised, says Halifax
House prices edged ahead by 0.2% during August as activity in the property market remained subdued, figures show
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BP blames American company for Gulf oil spill
Report by BP says the initial cause of the worlds worst oil spill in the Gulf of Mexico was a bad cement job by a US company
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Third of people 'fear rise in interest rates'
Nearly a third of Britons are worried about the impact an interest rate rise would have on their finances
Categories: Business
De la Rue fraud probe launched over 'deliberately falsified' banknote tests
Banknote printing firm De La Rue said it had called in the Serious Fraud Office and braced investors for a £35 million profits blow after 'totally unacceptable' behaviour by some employees
Categories: Business
George Osborne tells Europe: Hands off UK budget rebate
Chancellor George Osborne warns Brussels not to meddle with Britains EU budget rebate as he hammers out a new deal to protect the City
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Margaret Cole on board to fire up the City regulator
The FSA moves to beef up its board by appointing Margaret Cole, the heavyweight head of enforcement and financial crime at the City regulator, to its executive team
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Greene King gets a foods sales lift under its belt
Beer sales are stumbling across the country, but Greene King is on the up thanks to its quality food offering
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Consumer goods moving fast at DS Smith
Packaging and office products company DS Smith today said trading in the first quarter was encouraging, helped by progress in the fast moving consumer goods sector
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Genus profits rise on Latin America growth
British animal genetics firm Genus posts a 3% rise in full-year adjusted pretax profit as higher prices drove growth in Latin America
Categories: Business
Oracle hires ex-Hewlett-Packard CEO Mark Hurd
Silicon Valley technology giant Oracle has hired Mark Hurd, the former chief executive of Hewlett-Packard who resigned amid a scandal, as president
Categories: Business
Sports Direct scores with England World Cup shirts
England's World Cup was a flop, but Sports Direct, the biggest seller of the teams shirts, prospered
Categories: Business