Financial News

By Keiron Henderson LONDON (Reuters) - The FTSE 100 extended its winning streak to a fourth session on Monday led higher by oil majors after a well-received production update from BP and supported by bid talk for retailers. BP (BP.L: Quote, Profile, Research) shares climbed 0.8 percent after it said it expected oil and gas production to have fallen 2.5 percent in the second quarter, but said higher oil prices during the quarter suggested earnings will still beat the same period of 2005. "The ...

By Keiron Henderson LONDON (Reuters) - The FTSE 100 index extended its winning streak to a fourth session on Monday led higher by oil majors after a well-received production update from BP and supported by bid talk for retailers. BP shares climbed 0.8 percent after it said it expected oil and gas production to have fallen 2.5 percent in the second quarter, but said higher oil prices during the quarter suggested earnings will still beat the same period of 2005. "They are basically fine, I mean ...

Evening Standard3 July 2006 MATALAN finance director Phil Dutton will scoop almost £2m for his share options if chairman John Hargreaves goes ahead with his management buyout plan. BUDGET BUYOUT: Cut-price clothing store Matalan is the subject of a buyout bid WANT TO KNOW MORE? REPORT: Matalan founder in takeover bid READER SERVICE: Company reports TIPS & ADVICE: Midas' stock picks OTHER STORIES BAE gets Airbus stake shock Wembley saga goes on with fresh d ...

Anthony Bolton, Daily Mail3 July 2006 ANTHONY Bolton is manager of the Fidelity Special Situations Fund. WANT TO KNOW MORE? Q&A: Bolton's change COMMENT: Bolton departure no reason to jump Fidelity's Bolton successor shock OTHER STORIES Market report: Monday 09.15 Sunday newspaper share tips Griffin looks solid despite volatile metal markets Standard: sell or hold? German win is a victory for Absolute THE EDITOR'S PICKS CAMPAIGN: 'Protection Racket' MONEY  ...

Jenny Little, Mail on Sunday2 July 2006 FRAUD investigators are confident of bringing cases against past and present executives of defence giant BAE Systems over alleged corruption in the Al Yamamah cash-for-contracts scandal. OTHER STORIES Matalan founder in takeover bid Bank's role in debtor's suicide A-Z of Sunday newspapers EMI poised to give ground to Warner 40,000 fear axe at h ...

JOHANNESBURG (Reuters) - Vodafone (VOD.L: Quote, Profile, Research) and South African fixed-line phone company Telkom (TKGJ.J: Quote, Profile, Research) declined on Sunday to comment on a report saying the group was interested in a possible takeover of the South African firm. South Africa's Sunday Times said Vodafone Chief Executive Arun Sarin was in South Africa this week for talks, which coul ...

This is Money2 July 2006 ONE of Britain's biggest banks faces an investigation after it was revealed that a suicide victim had amassed £130,000 of debt with 22 different credit cards. INVESTIGATION: A third of his income was servicing RBS debts in the final year of Richard Cullen's life WANT TO KNOW MORE? 'I work in IT for a very large UK retail bank and can honestly say ... We make most of our money from people who don't know about switching accounts' - a comment on Thi ...

LONDON (Reuters) - A private equity consortium of Texas Pacific, CVC and Permira is considering a 6 billion pound bid for Britain's Wm Morrison Supermarkets (MRW.L: Quote, Profile, Research) , the Observer said on Sunday. Morrison, the country's fourth-biggest food seller, has yet to receive a formal approach, the paper said in an unsourced report. Private equity houses believe the company, stru ...

JOHANNESBURG (Reuters) - South African fixed-line phone company Telkom (TKGJ.J: Quote, Profile, Research) declined to comment on a report on Sunday that Vodafone (VOD.L: Quote, Profile, Research) was interested in a possible takeover of the South African firm. South Africa's Sunday Times said Vodafone Chief Executive Arun Sarin was in South Africa this past week for talks, which might lead to a ...