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Nokia witness drop in sales in final quarter of 2011

26/01/2012

Nokia have reported losses for the final quarter of 2011, due to a sharp fall in sales of mobile devices.


 

FSA consults on changes to the Listing Rules

26/01/2012

The Financial Services Authority (FSA) has today (Thursday) proposed a number of changes to the Listing Rules that set out the requirements for companies listed in the UK.


 

Mitchells and Butlers see profits rise

26/01/2012

Mitchells and Butlers, the company whose chains include All Bar One, Harvester, Toby Carvery and O'Neills, have reported a 4.4% increase in sales from the same time last year.


 

7 million fine for Punch insider trader

26/01/2012

The Financial Services Authority (FSA) has decided to fine David Einhorn, owner of the prominent US hedge fund Greenlight Capital Inc (Greenlight), and his fund 7.2 million for engaging in market abuse in relation to an anticipated significant equity fundraising by Punch Taverns Plc (Punch) in June 2009.


 

Barclays appoints Frank Hofmann German corporate banking head

25/01/2012

Barclays has appointed Frank Hofmann as Head of Cash Management, Germany within its corporate banking team.


 

New orthodoxy for conduct regulation fair deal for consumers

25/01/2012

Martin Wheatley, managing director of the Financial Services Authority (FSA), today (Wednesday) outlined a new orthodoxy and regulatory approach for the future of conduct regulation getting a fair deal for consumers.


 

MPC believe risk of 'dislocation' in banking has been reduced

25/01/2012

The minutes from the Bank of England's Monetary Policy Committee (MPC) show that they believe the risk of a 'severe dislocation' to the banking system has been reduced.


 

Roche in $5.7 billion bid for Illumina

25/01/2012

Reports suggest that Swiss drugmaker Roche will make an offer of $5.7 billion (3.7 billion) for DNA research company Illumina.


 

WH Smith's sales 'resilient' in challenging times

25/01/2012

Newspapers, books and stationery retailer WH Smith have reported that same-store sales have slipped 5% on the previous year.


 

Yahoo see profits fall by 5%

25/01/2012

The last quarter of 2011 saw Yahoo's profits fall 5% as they struggled to maintain their market share due to growing competition.