Barclays suffered a further share price hit today as investors continued to show their concern about the cost of the company’s Middle East bail-out.
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Shares in Entertainment Rights, which owns the rights to Postman Pat, slumped today after the group said it was heading for a second breach of covenants next month and could cut its full-year underlying earnings by £10 million.
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The Government gave Lloyds TSB’s planned merger with HBOS the green light today after overruling competition concerns raised by the Office of Fair Trading (OFT).
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Sir Martin Sorrell highlighted the challenge facing the advertising and marketing industry today after his company’s quarterly revenues came in below previous expectations and he warned of ``a very tough year" in 2009.
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The billionaire boss of Alliance Boots today described trading as ``relatively resilient" after first half revenues rose by 11.3% on a year earlier.
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Mortgage lender Lloyds TSB has stopped borrowers from switching to interest only deals despite its recent pledge to the Government to support homeowners, it emerged today.
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AROUND two million long-term savers with Standard Life will see their payouts reduced after the insurer today became the latest to cut final bonuses as stock market values plummet.
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Battered financial stocks recouped some of their losses today as investors bet that a further cut in US interest rates will shore up economic prospects.
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Around two million long-term savers with Standard Life will see their payouts reduced after the insurer today became the latest to cut final bonuses as stock market values plummet.
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TRANSPORT group Stagecoach said today it believed its portfolio of bus and rail operations should be ``relatively resilient" in an economic downturn.
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