BA explores merger with Qantas
The UK carrier is exploring a potential merger with its Australian rival via a dual-listed company structure, the boldest move yet considered to accelerate the consolidation of the global airline industry
December 2, 2008
EMI dealmakers to lose jobs
Senior Terra Firma pair to leave private equity group after poorly timed acquisition of music company
Sales growth slows down at Tesco
Growth in UK sales, excluding new stores and petrol sales, slows down to 2% as Tesco pays the price for its discount brands.
Bank plans for overdraft refunds
The RBS NatWest bank is planning to refund overdraft fees to customers “pro-actively” if it loses the current test case.
Tesco takes the fight to discount retailers
The supermarket group appeared to be winning the battle with discount retailers like Lidl and Aldi as it reported third quarter results that beat consensus forecasts and sent the shares higher in early trade
London shares recover as hopes for rate cut build
London equties found support on Tuesday, helped by recovering oil stocks after heavy sellling in the sector left it looking undervalued
Companies face spiralling funding costs
Spreads in bond markets are at historic highs as banks rein in lending, raising concerns about the impact on earnings