Archive for July, 2012

London shopping centre

UK consumer confidence stagnant for third consecutive month

There was no change in the UK’s consumer confidence in July, for the third consecutive month, market research company GfK reported today. In fact, GfK’s UK Consumer Confidence Index shows that confidence among consumers has been stuck between -29 and […]

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British banking giant HSBC continues asset disposals

British banking group HSBC Holdings Plc (LON:HSBA) said today it is selling its entire Hungarian unit, HSBC Credit Zrt, to local venture capital firm Central-Fund Kockazati Tokealap without

Online travel

Online travel agents and hotel group broke competition law, OFT claims

Two online travel firms and a hotel group have been accused of infringing competition law by limiting hotel room discounts. The UK's Office of Fair Trading (OFT) issued a

Pig farm in northern China

UK genetics firm Genesis in JV with Chinese pork producer BeSun

British animal genetics company Genus Plc (LON:GNS) said today that its porcine genetics division PIC had signed a deal to set up a joint venture in China with

Bertolli markets olive oil

London-listed Unilever sells Bertolli,frozen food unit to ConAgra

US food company ConAgra Foods Inc (NYSE:CAG) unveiled a definitive deal to buy the Bertolli and PF Chang's Home Menu frozen meals businesses from Anglo-Dutch consumer goods giant

Netherlands-based CB&I is listed in New York

New York-listed CB&I acquires Shaw Group in $2bn deal

Netherlands-based engineering, procurement and construction (EPC) company Chicago Bridge & Iron Company NV (NYSE:CBI), or CB&I, said on Monday it had sealed a final deal to acquire US

Modern buildings in Beijing, China

France’s Accor to exit Australian fund, sell two Beijing hotels

French hotel operator Accor SA (EPA:AC) said today it will sell its interest in an Australian fund plus two hotels in Beijing to a newly-created hotel investment trust,

Exeter branch HSBC

HSBC reports profit growth for first half, makes $2bn provision for compensation and US matters

HSBC Holdings plc (LSE:HSBA), the bank's parent company, said that it had generated pre-tax profit of USD12.7bn in the six months to the end of June, up from

Retail insolvencies on the rise in the UK

Retail insolvencies in the UK rise by10%

There was a sharp increase in the number of British retailers going out of business between April and June, a new report showed today. Professional services firm PricewaterhouseCoopers (PwC)

Gold Vein

UK miner Stratex to sell 51% of Muratdere project in Turkey

British gold and metals explorer Stratex International Plc (LON:STI) said on Monday it had agreed to sell a 51% stake in the firm that holds its Muratdere assets

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