Archive for December 21st, 2009

Cairn Energy leads 100 on new Greenland exploration

European equities markets were higher Monday as the energy sector saw gains after oil prices rose in the wake of cold winter weather in both Europe and the United States.
The FTSE 100 added 1.87 percent to 5,293.99 in London, while the FTSE 250 was 1.12 percent higher to 9,099.84.
The energy sector led both the 100 [...]

HMRC confirms which organisations are affected by new super tax

HM Revenue & Customs (HMRC) has confirmed that the bank bonus tax will not apply to staff of non-banking firms such as insurers, assets managers and stockbrokers.
There were queries about which organisations would be affected by the 50% tax, which was announced the Pre-Budget Report, but it has been confirmed that it will apply [...]

Analysts say China’s growth target of 8% can be achieved

Minister of Industry and Information Technology Li Yizhong said China’s Government is targeting economic growth of around 8% in 2010.
In a bid to boost China’s economy, which is the world’s third largest, the Government embarked on a massive stimulus package of infrastructure projects to create jobs.
The stimulus package appears to have been successful after the [...]

Allbury Travel Group enters administration

There is more disappointment today for Christmas travellers after it emerged that Hertfordshire-based Allbury Travel Group has been placed into administration.
The company, which traded as Libra Holidays, Argo Holidays and JetLife, ceased trading at midnight.
It specialised in holidays to Greece and Cyprus and has left 100 customers overseas, while a further 4,000 had forward bookings.
The [...]

Capital Shopping Centres sees bumper Saturday despite snow

Capital Shopping Centres (CSC), which has stakes in 14 regional shopping centres including the Manchester Arndale, Lakeside in Essex and the Gateshead MetroCentre, said despite the snowfall over the weekend, retailers experienced their busiest weekend of the year.
Figures show that shoppers braved the weather after figures revealed that over seven million people have visited the [...]