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Simon Lambert, This is Money19 May 2006 BRITAIN'S major banks have indicated that they would be happy to see a new version of the Post Office Card Account controversially axed by the Government. ESSENTIAL SERVICE: Post offices in rural areas are considered a vital resource but need the support of the Post Office Card Account WANT TO KNOW MORE? REPORT: Cruel betrayal of our post offices DEAL FINDER: Best current accounts GUIDES: Banking tips and advice OTHER STORIE ...

U.S. stocks turned tentatively higher in choppy midday trading Friday, but the upside was capped due to uncertainty over the outlook for interest rates and concern that a selloff in gold and other commodities may be signaling an economic slowdown. The technology sector was a focus after Dell Inc announced a restructuring that includes using chips made by Advanced Micro Devices in some higher-en ...

LONDON (Dow Jones) -- Mittal Steel on Friday raised its offer for rival Arcelor by 34%, only one day after formally launching a bid for the world's second-biggest steelmaker. Mittal Steel (MT) said its new bid is valued at 25.8 billion euros ($32.9 billion), or 37.74 euros a share. Mittal also said it will reduce the Mittal's family stake in the combined company to 45%. Under the old offe ...

Technology stocks struggled for gains overall Friday as the Nasdaq attempted to recover some of its recent slump. Shares of computer maker Dell Inc. rose on its results and helped send those of Advanced Micro Devices Inc. sharply higher after saying it would use AMD chips in some of its high-end servers. Dell's stock moved higher after its quarterly results met lowered expectations. The No.  ...

Enodis spearheaded a partial recovery in mid-cap stocks on Friday at the end of the worst week in the London market for more than three years. // Enodis shares jumped 8.5 per cent to 197½p on talk that Middleby Corporation of the US would next week raise its offer for the food equipment manufacturer to 205p a share. While this is 10p more than the 195p that has already been rejected, dealers sai ...

By Matt Falloon LONDON (Reuters) - The country's top share index ended a second week of heavy, inflation-inspired losses slightly lower on Friday, but British Airways (BAY.L: Quote, Profile, Research) soared on forecast-busting profits. The FTSE 100 ended the session 14.2 points lower at 5,657.4 points -- some 480 points, or 7.8 percent, below a five-year high reached in April which had been driven by surging commodity prices, rampant bid activity and solid earnings. The slide has wiped out ...

CHICAGO (Dow Jones) -- Anheuser-Busch is laying out some green for Rolling Rock, cutting a deal with its owner InBev to purchase the brand and its recipes for $82 million. Shortly before the start of morning trade on Friday, Anheuser-Busch (BUD) announced the pact that will fold the venerable brand into the portfolio of the nation's biggest brewer. It will start brewing Rolling Rock and Rock Gr ...

British Airways shares surged on Friday after Europe's third-largest airline reported a dramatic jump in earnings and raised its revenue outlook, though BA's performance didn't spill over into the broader market. British Airways (BAB) climbed around 8% after it said fourth-quarter net profit soared to 80 million pounds ($151 million) from 1 million pounds a year earlier. It now expects revenue ...

U.S. stocks traded back and forth across the flatline Friday as uncertainty over the outlook for interest rates kept many investors pegged to the sidelines. The technology sector was a focus after Dell Inc announced a restructuring that includes using chips made by Advanced Micro Devices in some higher-end servers. The Dow Jones Industrial Average (DJI) rose 3 points to 11,131, off an early  ...

BOSTON (Reuters) - Intel Corp. (INTC.O: Quote, Profile, Research) shares fell on Friday to a three-year low, after No. 1 personal computer maker Dell Inc. (DELL.O: Quote, Profile, Research) said it would begin using chips from smaller Intel rival Advanced Micro Devices Inc. (AMD.N: Quote, Profile, Research) . Dell said that for the first time in more than two decades Intel will no longer be its sole provider of computer microprocessors, or the brains that run computers. Intel share ...