Finance
and Business news from News365.co.uk
This section
of News365.co.uk contains a collection of financial and business
news items.
Telefonica bids 18bn for O2
Mobile phone group O2 has agreed a £17.7bn takeover offer from the Spanish telecom company Telefonica.
It will allow Telefonica to get a foothold in the UK and Germany, two of Europe's largest mobile phone markets.
Posted
: 31/10/2005 16:34:22
FTSE 100 ends Wednesday up
The FTSE 100 ended the day up 45.70 at 5227.80
Anglo Americam lead the gainers, up 95p at 1658p while Prudential was down 9.5p at 476.
Prudential announced that it will keep its 79% stake in Internet bank Egg as profits at Egg rose to £17.9m in the 3 months to 30th September, up from £13.9m for the same period last year
Posted
: 26/10/2005 19:28:22
High street bank to close Indian call centres
Abbey, the high street bank formerly known as Abbey National, is to shut down its call centres in India, bringing 1000 jobs back to Britain according to press reports today.
The report says that the decision was prompted by complaints from customers.
The jobs were transferred to India in 2003 before Abbey National was bought by a Spanish company and renamed Abbey.
The Mail says that the bank is expected to issue a formal statement on its retreat later this year
Posted
: 26/10/2005 12:05:54
FTSE ends downward run
The FTSE ended Monday up 65.50 to finish at 5207.6
Anglo American (up 70p), Xstrata (up 50p) and Capita Group (up 13.5p) headed the FTSE 100 risers
Posted
: 25/10/2005 02:53:50
BSkyB buys broadnand provider Easynet
Satellite TV giant BSkyB has purchased broadband internet provider Easynet for £211m. As News365.co.uk reported on 17th October Easynet had confirmed that they had received an approach, but despite refusing to say who this approach was from, the rumours were flying that it was BSkyB.
BSkyB will now be able to offer customers broadband, telephony and television services.
UK broadband connections nearly doubled to 8.1m in the year to 30th June 2005
Posted
: 22/10/2005 00:12:08
FTSE 100 down
The FTSE 100 was down 22 today to finish the week at 5142.1
PartyGaming lead the rising shares, up 8p at 86p, while Compass Group were the biggest loser down 10.75p at 175p
Posted
: 21/10/2005 23:59:51
£1.2bn dividend for Philip Green
Arcadia has paid a £1.3bn dividend payment to shareholders.
Philip Green owns 92% of the group and will receive a £1.2bn dividend payment. The remaining 8% is owned by HBOS
Posted
: 20/10/2005 16:08:33
FTSE closes down 1.83%
The FTSE 100 closed down 96.1 at 5167.80 today with Cairn Energy topping the losers down 96p or 5.69%.
Enterprise Inns (up 5.5p) and AstraZeneca (up 18p) headed the shares on the up
Posted
: 19/10/2005 22:51:00
1,100 jobs saved at UK insurance company
950 staff of Pearl in Peterborough will be employed by Indian software firm Tata as plans to outsource the Pearl administration are finalised. 150 staff will remain employed by Pearl.
Tata will take over most of the administrative work for the 4m Pearl life insurance and pension policies.
Tata Consulting Services is currently the largest software services company in India
Posted
: 19/10/2005 11:12:39
UK inflation pushed higher
UK inflation rose at a lower than expected rate in September. There were fears that rising petrol prices would cause inflation to rise more than it did.
UK consumer price inflation increased from 2.4% in August to 2.5%4% in September, say the Office for National Statistics.
The underlying rate of retail price inflation (RPI) rose from 2.3% in August to 2.5% in September.
The headline rate (which includes mortgage payments) fell to 2.7% from 2.8% in August.
Posted
: 18/10/2005 09:55:40
FTSE closes up
The FTSE 100 closed up 11.5 today at 5286.50 with Sage (up 8.5) and BP (up 16) being the biggest percentage gainers
Posted
: 17/10/2005 20:31:57
Is BSkyB to enter broadband market
The announcement on Friday that BSkyB aims to go on an acquisition spree has lead to rumours that it wants to get into the broadband internet market.
And shares in broadband internet provider Easynet have risen on hopes that BSkyB will bid for the company.
Easynet has confirmed that it had received a bid but refused to name the source
Posted
: 17/10/2005 12:00:37
EMAP buys internet fashion firm
The media company EMAP has bought Worth Global Style Network, the online fashion and retail information firm for £140m
Posted
: 14/10/2005 19:16:15
Somerfield backs £1.1bn takeover bid
The board of the 5th largest supermarket in the UK, Somerfield, have accepted a £1.1bn takeover offer. The offer was put forward by a group made up of Robert Tchenguiz a property tycoon, Apax Partners a private equity group and investment bank Barclays Capital.
The offer will now be put to shareholders
Posted
: 14/10/2005 17:39:52
Bank to trial new security system
Lloyds TSB have announced that they are to trial a new security system for their online banking customers.
Customers will receive a small keyring-sized device that displays a six-digit security code that changes every 30 seconds. When accessing online banking services customers will need to enter the security code.
The idea is that even if fraudsters obtain the login and password belonging to a customer, these details will be useless without the randomly generated six-digit code
Posted
: 14/10/2005 15:33:43
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