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FTSE down 0.4% by end of trade Thursday, as miners drag

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FTSE down 0.4% by end of trade Thursday, as miners drag

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FTSE down 0.4% by end of trade Thursday, as miners drag

11. March 2010

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Britain’s leading shares index the FTSE 100 was down 0.4 per cent at 23.31 points to 5,617.26 by close of trade Thursday. Miners dragged on the FTSE, as did Morrison WM Supermarkets; despite the firm announcing much better than expected results for 2009 earlier today. Among the miners Kazakhmys led the falls, down 3.17 per cent, while [...]

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Barack Obama: The time for talk is over on health reform

11. March 2010

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US president Barack Obama has said the "time for talk is over" on his crucial plans to overhaul the country’s healthcare system. Speaking to a crowd in Missouri, Mr Obama said it was time for Congress to vote on his proposed healthcare plans, which would see a trillion-dollar national health service introduced in the world’s richest [...]

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Beckham insists Red Knights campaign is ‘not his business’

11. March 2010

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David Beckham has denied supporting an anti-Glazer family takeover of Manchester United despite draping himself in the movement’s colours at Old Trafford last night. The former England captain returned to Old Trafford as an opposing player for the first time last night since leaving United seven years ago as his AC Milan side lost 4-0 on [...]

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Morrisons sees profits for 2009 up 30% beating forecasts

11. March 2010

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UK supermarket chain Morrison has seen its profits for 2009 surge 30 per cent, beating financial forecasts. The firm said like-for-like sales, excluding fuel and VAT, were up six per cent, with profit before tax at £858 million in 2009, compared to 2008’s £655 million. Underlying profits were up 21 per cent, the firm announced, at £767 [...]

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BP announces deal to search for oil off Brazilian coast

11. March 2010

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Oil giant BP has announced today it has secured a deal to begin deepwater offshore exploration for oil off the Brazilian coast. The firm said it would pay US firm Devon Energy £4.7 billion for its Brazilian assets, as well as those in Azerbaijan and the US deepwater Gulf of Mexico. In addition, BP will sell [...]

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HMRC accepts Portsmouth administration

11. March 2010

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Portsmouth Football Club are expected to learn on Thursday that HM Revenue and Customs (HMRC) will accept the legality of the club entering administration. The south coast are still likely to face a nine-point deduction in the Premier League but will now avoid a winding up order after HMRC accepted that owner Balram Chainrai was legally [...]

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Mexican billionaire Carlos Slim tops Forbes rich list

11. March 2010

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According to the Forbes rich list Carlos Slim, the Mexican telecoms bazillionaire, has pushed Bill Gates off the top spot as the world’s richest man. The list also showed that China now has more billionaires than any other country besides the US, while the Grosvenor family were the only UK-based billionaires to make it into [...]

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Kaka asks for forgiveness after Lyon defeat

11. March 2010

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Real Madrid forward Kaka has apologised to the club’s fans after the big-spending club were knocked out of the Champions League by Lyon. The Spanish side crashed out Europe’s premier club competition after Miralem Pjanic’s late equaliser for Lyon, sending the French team through 2-1 on aggregate. Real Madrid spent £240 million last summer, purchasing the likes [...]

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BA and union leaders reach stalemate over threatened strikes

11. March 2010

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Leaders for Unite and British Airways (BA) will be meeting later today to decide if, and when, strikes by cabin crew will be held. Union leaders have until March 15th to announce a date for strike action, and it must give the airline a full week’s notice before cabin crew can walk out over a long-running [...]

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Felipe Massa looking for large Ferrari points haul in Bahrain

11. March 2010

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Felipe Massa is looking for a large points haul at the opening race of the season in Bahrain, following Ferrari’s impressive form during winter testing. The Brazilian makes a comeback to his race-seat with the Maranello-based team, having made a full recovery from the injuries he sustained from being struck on the head by a piece [...]

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