Marconi ends £1m Mayo row
John Mayo, the former finance director at Marconi who was ousted after last summer's disastrous profits warning, has settled his £1m payoff dispute with his former e...
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Gus - battered not bowed
If there is one thing the City still hates, it is conglomerates. Great Universal Stores may be a lot more focused than it was in the days when the Wolfson family was in c...
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Widening scandal hits PFI
Developers and City financiers are changing the terms of loans used to build prisons, schools and hospitals for the Government in order to make extra profits running into...
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Wembley project nears collapse
The long-running Wembley saga moved closer to complete fiasco last night when the Football Association announced that it was pulling out of financing the new national sta...
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France T?l?com sets bond record
France Télécom yesterday launched the largest ever corporate bond issue, aiming to raise some $16.4bn (£11.19bn). The move will help reduce its estimat...
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Juicy harvest
High-yield corporate bond funds have staged something of a comeback over the last few months. Bond fund managers launched a rash of these funds in late 1998 and early las...
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Worst inflation since early 1990s prompts rate rise fears
The prospect of further interest rate rises loomed larger yesterday after the government revealed that consumer-driven growth was prompting a sharp pick-up in the cost of...
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Persimmon rides out rate rise
Britain's biggest housebuilder, Persimmon, expects the housing market to remain strong and said the recent rise in interest rates has had "no tangible effect" on its busi...
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Bank minutes hint that August rate rise was one-off
Expectations of a further interest rate rise in the near future took a knock yesterday when the Bank of England hinted it was not in a hurry to raise them again and unemp...
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Inflation eases but analysts fear a further rate increase on the horizon
Inflation eased back in July, in part thanks to cheaper furniture prices, but City analysts warned that the dip was likely to be short-lived and would not stand in the wa...
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UK jobless rate hits six-year high
Britain's unemployment rate has hit a six-year high, according to official data released today.
The Office for National Statistics said the number of unemployed people r...
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Inflation rate remains above target
Britain's annual inflation rate eased slightly in July, but remained well above the Bank of England's 2% target, official figures showed today.
The Office for National S...
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Takeover talk and rate fears move market
Investors faced a fairly volatile time today, with continuing interest rate worries, new takeover developments and a host of brokers' notes arriving in City inboxes.
Any...
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Shares wobble in anticipation of US rate call
The market slipped yesterday after an initial rise in morning trading as investors anticipated last night's interest rate decision by the US Federal Reserve. The FTSE 100...
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Bank hints at new interest rate rises
The Bank of England today raised the prospect of further interest rate hikes as it increased its inflation forecasts.
Mervyn King, the Bank's governor, said there was a ...
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US rate hopes buoy FTSE
The market was up around midday as investors predicted that policymakers at the US Federal Reserve would hold interest rates when they meet later today. The FTSE 100 inde...
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FTSE slips as US rates decision looms
The market slipped today after an initial rise in morning trading as investors anticipated tonight's interest rate decision by the US Federal Reserve. The FTSE 100 index ...
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Rate rise knocks back leading shares
It came out of the blue, and shares ended the day lower, but investors did not seem completely shell-shocked by the Bank of England's decision today to raise interest rat...
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House price rise adds to pressure on Bank to increase rates
Rising house prices and slower industrial growth provided a fresh dilemma for the seven current members of the Bank of England's monetary policy committee as they began a...
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House prices rising at fastest rate for two years, says survey
House price inflation was at its fastest pace in almost two years in July, according to a survey out today, but a drop in new buyers points to a slower property market ah...
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Bosses beg: Leave rates on hold
Business leaders warned the Bank of England this weekend against responding to rocketing energy bills with a snap rise in interest rates on Thursday.
With inflation well...
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Low fertility rate 'will alter ethnic composition
The Australian treasurer, Peter Costello, renewed his call for women to have more babies, calling it vital to the country's long-term health and prosperity. While launchi...
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Rising rates threaten to derail growth
Even before Israel and Lebanon started lobbing rocket grenades at each other, the stock market was not short of reasons to be nervous: earnings, inflation, interest rates...
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UK growth sparks rate rise speculation
Expectations of an interest rate rise strengthened today as Britain's economy grew at its fastest rate in two years from April to June.
Gross domestic product rose by 0....
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Markets rally as Bernanke hints he could halt US rate rises
The chairman of the US Federal Reserve, Ben Bernanke, yesterday dropped a broad hint that interest rates had reached their peak when he predicted that core inflation woul...
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Fed's hint over interest rates spurs FTSE 100
London's leading shares closed deep in positive territory yesterday, spurred higher by a buoyant Wall Street, following positive comments from Federal Reserve chairman Be...
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Markets surge as interest rate fears subside
London's leading shares shot deep into positive territory in the afternoon session as Wall Street raced ahead following positive comments from Federal Reserve chairman Be...
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Bank unanimous on interest rates
All seven of the Bank of England's policymakers voted to keep interest rates at 4.5% at this month's meeting, minutes revealed today.
There was no discussion of raising ...
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Inflation surge sparks talk of rate rise
Britain's annual inflation rate picked up sharply in June, fuelling speculation that the Bank of England will raise interest rates sooner rather than later.
The consumer...
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Bank of Japan raises rates
The Bank of Japan today raised interest rates for the first time in almost six years in a move that reflects growing confidence in Japan's economic recovery.
The nine me...
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