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Letters to the editor

Finance Director - 6 January, 2009 - 22:47

Staff writer, Financial Director, Tuesday 6 January 2009 at 21:47:00

LETTER TO THE EDITOR Sir The Asset Based Finance Association (ABFA) disagrees with the viewpoint of Eric Anstee and his assertion last month that banks are withdrawing existing factoring arrangements...



Categories: Accounting

Apple disappoints at Macworld

UK Business News from Reuters - 6 January, 2009 - 22:33
SAN FRANCISCO (Reuters) - Apple Inc said on Tuesday it was dropping copy protection from songs sold on the Internet and debuted its slimmest 17-inch laptop yet, but with no dramatic products or master pitchman Steve Jobs, the company's final Macworld performance disappointed Wall Street.
Categories: Business News

Retailers ease Christmas fears but gloom lingers

UK Business News from Reuters - 6 January, 2009 - 21:27
LONDON (Reuters) - A string of retailers eased fears of a collapse in consumer spending over Christmas but warned on Tuesday that rising unemployment and plunging house prices would blight trading for months to come.
Categories: Business News

U.S. court orders Enron's Skilling resentenced

UK Business News from Reuters - 6 January, 2009 - 21:21
HOUSTON (Reuters) - A U.S. court upheld the 19 felony convictions of former Enron Corp President and Chief Executive Jeffrey Skilling stemming from his role in the collapse of the energy trading company, but said he must be resentenced.
Categories: Business News

Iceland weighs taking Britain to European court

UK Business News from Reuters - 6 January, 2009 - 21:02
REYKJAVIK (Reuters) - Iceland said on Tuesday it was considering going to the European Court of Human Rights over Britain's use of anti-terrorism legislation to seize assets of Icelandic bank Landsbanki during the island's financial crisis.
Categories: Business News

German tycoon Adolf Merckle commits suicide

UK Business News from Reuters - 6 January, 2009 - 20:14
BLAUBEUREN, Germany (Reuters) - German billionaire Adolf Merckle has committed suicide, in despair over the huge losses suffered by his business empire during the financial crisis, his family said on Tuesday.
Categories: Business News

Toyota to halt Japan output

UK Business News from Reuters - 6 January, 2009 - 19:51
NEW YORK/LONDON (Reuters) - Dire economic data from the United States and Europe showed the world's two largest economies remain mired in recession, and Toyota said it would halt all production in Japan in response to plunging demand.
Categories: Business News

Fed and other agencies to join U.S. fraud task force

UK Business News from Reuters - 6 January, 2009 - 19:48
WASHINGTON (Reuters) - The Federal Reserve and five other U.S. agencies will join a presidential corporate fraud task force that is being strengthened to focus on mortgage and securitization fraud cases, the U.S. Justice Department said on Tuesday.
Categories: Business News

FTSE rises for sixth session

UK Business News from Reuters - 6 January, 2009 - 19:11
LONDON (Reuters) - Britain's leading share index rose for the sixth session in a row on Tuesday, with mining stocks leading the way on firmer metal prices while drugmakers also gained after recent weakness.
Categories: Business News

Apple to sell copy protection-free songs

UK Business News from Reuters - 6 January, 2009 - 19:00
NEW YORK (Reuters) - Apple has agreed to start selling digital songs without copy protection software from its iTunes store along with over-the-air download songs for its popular iPhone, according to people familiar with its plans.
Categories: Business News

Baby Jupiter's huge weight gain

BBC News - 6 January, 2009 - 18:31
The planet Jupiter must have gained mass fast during its infancy, according to astronomers.
Categories: Front Page, Science

Alien asteroid dust hints at Earth-like planets

New Scientist - 6 January, 2009 - 18:22
Dust with a similar composition to the Earth has been found swaddling six stars, suggesting rocky planets may be common

Categories: Front Page, Science

Bank set to cut interest rates to record low

UK Business News from Reuters - 6 January, 2009 - 17:58
LONDON (Reuters) - The Bank of England looks set to cut interest rates by at least half a percentage point this week to their lowest level on record as it tries to prevent the economy sliding into a long and painful recession.
Categories: Business News

Banks have other woes as short selling returns

UK Business News from Reuters - 6 January, 2009 - 17:52
LONDON (Reuters) - Short selling of bank stocks will resume next week without a return to the extreme volatility which forced the government to intervene last year, but investors say the sector could stay under a cloud for some time yet.
Categories: Business News

Pound jumps vs euro

UK Business News from Reuters - 6 January, 2009 - 17:01
LONDON (Reuters) - Sterling rose to a three-week high against a weakened euro on Tuesday, moving further away from parity to the single currency but held down against the dollar as data underlined the UK's economic vulnerability. The euro's losses mounted after it suffered a record one-day loss against the pound on Monday, with lower-than-expected inflation data firmed expectations speculation that the European Central Bank will cut rates later this month.
Categories: Business News

Standard Life wins equity mandate

UK Business News from Reuters - 6 January, 2009 - 16:49
LONDON (Reuters) - Fund manager Standard Life Investments (SLI) said on Tuesday it had been appointed to run a 90 million pound UK equities mandate for the pension scheme of IT company Fujitsu Services.
Categories: Business News

Hot Small Caps: Faroe Petroleum up on successful test

UK Business News from Reuters - 6 January, 2009 - 16:47
LONDON (Reuters) - Following is a round-up of key small cap movers on the London stock market on Tuesday.
Categories: Business News

Yellowstone quakes raise explosion fears

New Scientist - 6 January, 2009 - 16:36
Hundreds of earthquakes rippling through the national park have prompted fears of dangerous steam explosions
Categories: Front Page, Science

Yellowstone quakes pose explosion risk

New Scientist - 6 January, 2009 - 16:36
Hundreds of earthquakes rippling through the national park have prompted fears of dangerous steam explosions

Categories: Front Page, Science

BA trading conditions "broadly unchanged"

UK Business News from Reuters - 6 January, 2009 - 15:45
LONDON (Reuters) - British Airways said on Tuesday that trading conditions were broadly unchanged in December and maintained its guidance for the current financial year.
Categories: Business News