By Rowena Mason, City Reporter (Energy)Published: 10:00PM GMT 23 Feb 2010 Drax Group Drax, which unveiled full-year pre-tax profits down 64pc at £158m, is currently agonising over whether to invest in £2bn projects to burn natural materials such as wood chips. It also adds biomass to its Yorkshire-based coal-fired plant, which generates 7pc of the [...]
By QuestorPublished: 7:00AM GMT 24 Feb 2010 Drax Group Drax 410.8p -6p Related Articles Drax says it’s ‘condemned’ to carbon future Nomura tips Kraft to merge with Cadbury Standard Life has plenty left in reserve Questor: buy Morgan Sindall, hold St James's Place Lloyds swings wildly on nationalisation fears, drags down FTSE 100 A [...]
By James Quinn, US Business Editor In New YorkPublished: 7:55PM GMT 23 Feb 2010 Comments 1 | Comment on this article Wall Street sign outside an entrance of the New York Stock Exchange Photo: AFP/GETTY Average compensation at three of the “Street’s” biggest banks – Morgan Stanley, Goldman Sachs and JP Morgan Chase – rose [...]
By Kamal Ahmed, City Editor (Sunday Telegraph)Published: 6:21AM GMT 24 Feb 2010 EU inquiry points the searchlight on Google’s methods The boot might just be moving on to the other foot. After years of grappling with European Union anti-trust investigations, Microsoft has finally got Google in the cross-hairs of the competition authorities. The news today [...]
By Alistair Osborne, Business Editor (Transport)Published: 6:45AM GMT 24 Feb 2010 British Airways Reacting to Monday’s strike ballot by BA’s 12,000 cabin crew, Mr O’Leary said: “The unions need to be taken on. BA is massively over-staffed and has got to get its costs down.” However, he had doubts whether BA’s board, chaired by Martin [...]
By Kamal Ahmed, City Editor (Sunday Telegraph)Published: 12:12AM GMT 24 Feb 2010 Comments 4 | Comment on this article Under scrutiny: Google under investigation for alleged breach of EU competition rules Photo: GETTY The investigation comes under the Lisbon Treaty’s “abuse of dominant position” powers and is the first time that Google has been targeted [...]
By James Hall, Retail EditorsPublished: 8:56PM GMT 23 Feb 2010 Some 98pc of creditors voted for the CVA, which sets out a financial compromise between landlords and the company. To come into effect, a CVA has to be approved by three-quarters of creditors. Richard Fleming, UK head of restructuring at KPMG who oversaw the CVA, [...]
By Louise Armitstead, Chief City CorrespondentPublished: 10:40PM GMT 18 Feb 2010 The London-based – but New York-listed – hedge fund said it was managing approximately $22.2bn (£14.2bn) of assets at December 2009, up 2.5pc from September 30 2009 and up 47.4pc from the end of 2008. The figure was helped by $723m of net client [...]
ReutersPublished: 12:31PM GMT 19 Feb 2010 Corus, owned by India’s Tata Steel, said that the Teesside cast products plant would be kept ready for a possible future restart and that it was open to “credible offers”. The company had said in December that it would begin the mothballing, leading to the loss of 1,700 jobs, [...]
Published: 8:03PM GMT 18 Feb 2010 Email Print Cazenove’s Marcus Brookes tells Robert Miller why income is so important for his global capital growth fund. More on Finance Video Get feed updates Telegraph TV Get feed updates Your Money Their Hands Get feed updates Personal Finance Get feed updates Finance Get feed updates YOUR MONEY [...]