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UK banks 'set for bumper profits'
18 Feb 2007 source: bbc.co.uk

The UK's top banks are forecast to rack up combined profits of £38bn for the past year despite continuing fears about their exposure to bad debts. Barclays, the first of the "big five" banks to report on Tuesday, is expected to see profits rise by a third to £7bn HSBC surprised investors earlier this month by putting aside an extra £878m ($1.7bn) to cover bad debts in the US. But banks have tightened UK lending criteria and analysts believe overall profits will rise from £ ...


Qatari investment fund and M&S chief discuss Sainsbury's bid - report ...
18 Feb 2007 source: iii.co.uk

LONDON (AFX) - A secretive Middle Eastern investment fund that owns a stake in J Sainsbury has discussed a potential joint bid for the UK's second-biggest supermarket chain with the head of Marks & Spencer PLC, The Sunday Telegraph newspaper reported. Executives working for Three Delta and Delta Two, funds backed by the Qatari government, proposed the idea to Stuart Rose within the past coupl ...


Sunday & Midweek share tips
18 Feb 2007 source: thisismoney.co.uk

This is Money18 February 2007 Each week we round up the Sunday newspaper share tips and the views of the mid-week tipsters too. For the Mail on Sunday's stock picks read the midas column. WANT TO KNOW MORE? READER SERVICE: Share dealing SHARES: All of our share tips OTHER STORIES Lloyds to sell its 'zombie' MIDAS: Clamour for insulation has SIG on a high A £2bn gamble for  ...


Warner eyes EMI and Kylie
18 Feb 2007 source: thisismoney.co.uk

Jon Rees, Financial Mail18 February 2007 Kylie Minogue could soon be singing along with fellow star James Blunt. Warner Music Group, which boasts Blunt and Red Hot Chili Peppers among its artists, is working on an audacious plan to bid for EMI, home to Kylie and Norah Jones. WANT TO KNOW MORE? DATA: EMI's share price COMMENT: Cool Britannia fades away REPORT: New warning rocks EMI shares ...


Merger will see world's largest consumer co-operative group
17 Feb 2007 source: yorkshiretoday.co.uk

The boards of Manchester-based Co-operative Group and Rochdale's UniteCo-operatives have given their approval to the plans. They are recommending that their members back the deal.Members of the two societies will meet in April and May to consider the proposal and, if agreed, the new society is expected to come into being in late July. The enlarged group would have a turnover of around £9bn and acc ...


World's largest Co-op formed
17 Feb 2007 source: thisismoney.co.uk

This is Money17 February 2007 The UK's two biggest co-operatives have agreed the terms of a merger to form the world's largest consumer co-operative group. WANT TO KNOW MORE? Ethical investing Co-op defends carbon scheme Invest... and save the planet OTHER STORIES British Gas cut online bills again Market report: Friday close Bank profits soar - along with complaints Pay rises keep up rates pressure Debt enquiries soaring ADVICE ON ISA SAVING Find out  ...


Alcoa names Ratan Tata to board
16 Feb 2007 source: iii.co.uk

NEW YORK (AP) - Alcoa Inc., a producer of alumina, aluminum's principal ingredient, on Friday named Ratan N. Tata a director. Tata, 69, is chairman of Tata Sons Ltd., an India-based construction and engineering company. The addition makes 11 members on the board. He became chairman in 1991. Alcoa this week became the target of two $40 billion takeover bids, the Times of London reported on Tuesda ...


Aussie outfit prepares iSoft bid
16 Feb 2007 source: manchesteronline.co.uk

SPECULATION over the future ownership of Manchester company iSOFT, which designs NHS software, took another twist today as it emerged that an Australian software firm was in talks over a potential offer. IBA Health confirmed its discussions with iSOFT and said it was seeking backing from financial institutions for the move. Shares in iSOFT gained two per cent, recovering from fears on Wednesday  ...


Smucker 3rd-qtr. earnings up 29 percent
16 Feb 2007 source: iii.co.uk

ORRVILLE, Ohio (AP) - J.M. Smucker Co., the largest U.S. producer of jams and jellies, said Friday its profit rose 29 percent in its third quarter, due to higher sales and market share gains for key brands like Smucker's, Jif and Crisco. Smucker earned $40.4 million, or 71 cents per share, for the quarter ended Jan. 31, up from $31.3 million, or 54 cents per share, a year earlier. Smucker's thir ...


WALL STREET OUTLOOK Lower on Microsoft Vista caution, housing data UPDATE ...
16 Feb 2007 source: iii.co.uk

(Adding data, Simon Property deal, Honeywell share buyback) NEW YORK (AFX) - US stock futures are pointing to a lower open as weak housing data and cautious remarks from Microsoft about revenue expectations for its Vista operating system prompt some investors to lock in profits after a strong run-up in the market over the last two days. But a 9.6 bln usd merger in the banking sector and a news r ...


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