GlaxoSmithKline has swooped on its long-term partner Human Genome Sciences with a $2.6bn (£1.6bn) hostile offer, which was immediately rejected. Human Genome said the bid, worth $13 a share, did not reflect the inherent value of the company, and has hired Goldman Sachs and Credit Suisse to spearhead its defence. They have been tasked with [...]
Unemployment has fallen for the first time in almost a year, but the number of women out of work has risen to its highest level since 1987. The jobless total fell by 35,000 in the quarter to February, to 2.65 million, a rate of 8.3%, while jobseeker’s allowance claimants increased for the 17th month in [...]
Goldman Sachs reported earnings of $9.95bn (£6.2bn) in the first quarter of 2012, a 23% drop on last year, but the bank beat expectations as trading bounced back. This quarter has been overshadowed by the resignation of former Goldman executive director Greg Smith. Smith resigned with an editorial in the New York Times that accused [...]
Mortgage costs for first-time buyers increased for the first time in nearly a year during February, figures have shown. With many lenders increasing their rates, the proportion of income spent on mortgage interest payments rose to 12.5% from 12.1% the previous month. This is the first increase since April last year but in its monthly [...]
The Royal Mail has capped the number of stamps shops can buy to stop customers stockpiling ahead of price rises later this month. From April 30, the cost of a first-class stamp will increase from 46p to 60p, while a second class one will go up from 36p to 50p. The postal service has limited [...]
Struggling retailer Mothercare has said it will close another 111 UK stores over the next three years, in a move impacting 730 jobs. The mothers-to-be, babies and children’s group revealed plans to cut the number of stores in the UK from 311 to 200, which will include 36 Mothercare sites and 75 Early Learning Centres, [...]
Homeowners are being urged to check their current mortgage arrangements after new research reveals mortgage rates have begun to rise. Analysis by comparison site MoneySupermarket shows that average two and five year fixed rate mortgages and two year tracker mortgages have increased. In addition, a number of lenders have announced hikes in their standard variable [...]
Britain is on the brink of a lasting recovery, according to the Organisation for Economic Co-operation and Development (OECD), as momentum builds in the global economy. The international think-tank said the UK was at a “potential turning point” and declared that the world’s leading economies had “regained momentum” in its most upbeat assessment of the [...]
(Reuters) – Japan’s Sony Corp is to cut 10,000 jobs, about 6 percent of its workforce, the Nikkei newspaper reported on Monday, as new CEO Kazuo Hirai looks to steer the electronics and entertainment giant back to profit after four years in the red. The job cuts would be the latest downsizing in Japan Inc [...]
The National Institute of Economic and Social Research (NIESR) estimated the economy scraped growth of 0.1pc in the first three months of the year. If that proves to be the case, the UK avoided dipping back into a technical recession of two successive quarters of economic contraction, following a 0.3pc fall in gross domestic product [...]
© 2009
Finance Behavior. All Rights Reserved. Terms under which this service is
provided to you. Privacy Policy. Advertising Practices. News, articles, advice and guides from everyday money issues to how to grow
your money. Covering all
aspects of personal finance, FinanceBehavior.co.uk
offers independent news and views and blogs.
