Tony Hayward can now look forward to his pension. Photograph: Pool/Getty Images ‘Was Tony Hayward right, after all?” These are words I would never have expected to read, least of all in the US, where BP’s chief executive is hated as a bogeyman; yet they were indeed the opening words of an article in yesterday’s Washington [...]
Citigroup made a bn profit for the first half of this year. Photograph: Bloomberg/Getty Images The US bank Citigroup is to pay a m (£48m) fine for hiding bn of sub-prime mortgage exposure from shareholders during the months leading up to the financial crisis which left it dependent on a vast government bailout to avert [...]
Santander’s name has replaced Abbey National in the UK, but it is still regarded as a newcomer. Photograph: Bloomberg/Getty Images Santander will continue its UK expansion by taking over 318 Royal Bank of Scotland branches as early as next week. Today the Spanish bank reported a 10% rise in profit in its British arm. It [...]
British Airways chief executive Willie Walsh faces more pressure as losses mount. Photograph: Steve Parsons/PA British Airways will tomorrow reveal the full extent of a disastrous three months in which it was hit by a double whammy of a volcanic ash cloud from Iceland and cabin crew strikes grounding planes. Analysts said they expected the [...]
PartyGaming says the deal with Bwin will create a group worth .3bn. Photograph: Graham Turner PartyGaming and its Austrian-based rival Bwin today announced plans for a merger that they say will create the world’s biggest publicly-listed online gambling company. The enlarged group, to be incorporated in Gibraltar and listed on the London Stock Exchange, would [...]
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Leo Hickman on one of London’s cycle-hire bikes. Photograph: Graeme Robertson for the Guardian 7.08am: Occasional cyclist and the Guardian’s London blogger Dave Hill tried out a bike in Whitechapel. He found the appearance of the bikes “over...
Yell warns on economy recovery. Photograph: Gabriel Szabo/Newscast Yell, the heavily endebted directories group, has lost nearly 11% after a disappointing trading update and talk of possible fundraisings. The company said first quarter revenues were down...
The government hopes its new licensing regime will give residents more power to tackle antisocial behaviour. Photograph: Matt Cardy/Getty Images Residents are to be given much stronger powers to object to the licences of “problem” pubs and...
The regional ban was made because YouTube hosted Russia for Russians, an ultra-nationalist video. Photograph: The Guardian Russia’s blogosphere reacted with anger today after a regional court banned YouTube because it carried a single video containing...
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The World Cup may have boosted sales of beer in the last quarter. Photograph: Chris Radburn/PA Wire/Press Association Images Quarterly beer sales are up on 12 months ago for the first time in four years, boosted by the World Cup and the unusually hot weather. According to the latest UK Quarterly Beer Barometer, beer sales [...]
The Duke Semans mansion, located on the corner of 82nd Street and 5th Avenue in New York, will not be a residence for Carlos Slim. Photograph: Daniel Acker/Bloomberg News Mexican telecoms billionaire Carlos Slim, reputed to be the world’s richest man, has splashed out m (£28m) on an eight-storey mansion on Manhattan’s Fifth Avenue in [...]
John Makinson: the consumer must be given what the consumer wants. Photograph: David Levene/for the Guardian Penguin this week celebrates its 75th year and is marking the anniversary by repackaging a series of seminal books from the 1960s to the 1980s. Although the company might afford itself a brief look backwards, it feels as though [...]
A pelican covered in oil from the BP leak is cleaned in Louisiana. Photograph: Reuters The oil industry has been responsible for thousands of fires, explosions, and leaks over the last decade, killing dozens of people and destroying wildlife and the environment across America, according to a report published today. None of the individual incidents [...]
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Lantho650:
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pennystock895:
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