Posts Tagged ‘sector’

RWE sale of npower ‘threat to energy industry investment’

Britain’s desire to boost investment and competition in the energy sector will be threatened if German utility group RWE presses ahead with a £5bn sale of npower, MPs have warned. View full post on UK Business Stories

Political reality curbs coalition’s zeal

The coalition toyed with a stark title for the planned white paper on public sector reform – ‘Public services: open for business’ View full post on UK Business Stories

BP’s Tony Hayward in £1bn listing

FORMER BP chief executive Tony Hayward and financier Nat Rothschild are seeking £1billion through the float of their new investment vehicle Vallares to target acquisitions in the oil and gas sector. View full post on Business Stories

Australia PMI rises to 48.4 in April: survey

SYDNEY (MarketWatch) — Australia’s performance of manufacturing index rose 0.5 percentage points to 48.4 in April but the sector remained in contraction, according to a survey conducted by Australian Industry Group – PriceWaterhouseCoopers. A reading below 50 indicates contraction. A decline in transport equipment, textiles and miscellaneous manufacturing, mainly due to the strong Australian dollar, [...]

Lords inquiry to damn Big Four auditors’ role in financial crisis

The UK’s leading auditors have offered to reform the way they operate ahead of what is expected to be a highly critical report on their role in the financial crisis and the lack of competition in the sector. View full post on UK Business Stories

Budget 2011: Aviva backs Government stamp duty measures

Aviva has backed Government measures to reform tax on bulk residential property deals as “unequivocally positive”, boosting hopes that it could spark a wave of institutional investment into the private rental sector. View full post on UK Business Stories

G-20 reportedly takes first step on indicator deal

SYDNEY (MarketWatch) — Finance leaders attending the G-20 meeting held in France over the weekend reached a tentative deal which could lead to the introduction of indicators to help prevent future financial crises, according the Financial Times. French finance minister Christine Lagarde said that the indicators are expected to include domestic policies of G-20 members, [...]

Alpha agrees to buy Massey for $8.5bn

Alpha Natural Resources, the third-biggest US coal producer, agreed to buy its rival Massey Energy. for about $8.5bn in cash and stock, as the consolidation of the global coal sector continues apace View full post on UK Business Stories

Are All Penny Stocks Created Equal?

Amazingly enough, a number of American financial sector stocks were thrown into penny stock realm in the past two weeks. In the past few months, even bigger banks declared bankruptcy.

British PM launches growth and jobs strategy

LONDON: British Prime Minister David Cameron, fresh from unleashing the biggest public spending cuts in decades, vowed on Monday to help deliver private sector jobs and growth in a key speech to business chiefs. View full post on Business Stories