Finance, Banking & Insurance

Land of Leather receives potential bid approaches

The company's shares are now worth just 9p this morning, giving the firm a market capitalisation of £3.2m Land of Leather has been approached by several potential bidders who are interested in snapping up the company at what...

GLOBAL MARKETS WEEKAHEAD-Unsynchronised recovery

LONDON (Reuters) - If markets are forward looking, investors might find themselves tempted to buy stocks and other risky assets just as major economies, most of them already in recession, deteriorate further.

UK climate change targets will push up fuel bills warns Government advisor

The Government's global warming advisor has predicted sharp rises in energy prices as he called for cuts of at least 34 per cent in Britain's carbon emissions by 2020. The Committee on Climate Change, chaired by Lord Turner,...

UPDATE 1-UnitedHealth raises low end of 2009 revenue view

NEW YORK, Dec 1 (Reuters) - UnitedHealth Group Inc (UNH.N: ) raised the lower end of its 2009 revenue forecast on Monday, although it maintained its profit outlook for next year. The largest U.S. health insurer by market value...

Industrial and Commercial Bank of China live on Misys Summit FT

China's largest bank, the Industrial and Commercial Bank of China (ICBC), has successfully completed a major 17 month project to implement powerful treasury and capital markets systems from Misys, the global application...

LSE rival Turquoise launches drive for new funds

Turquoise, the rival trading platform to the London Stock Exchange set up by a group of investment banks, is bidding to raise capital through 'strategic investment'. The move suggests rivals to the big players may not be...

Swiss Re confirms redundancies in IT, markets

ZURICH (Reuters) - Swiss Re (RUKN.VX: ) has cut 120 jobs worldwide in IT and Financial Markets, a spokesman for the world's second-largest reinsurer said on Monday. But the spokesman would not confirm a report that the group...

RUSAL withdraws suit against Norilsk share buyback

MOSCOW (Reuters) - Russia's United Company RUSAL, the world's top aluminium producer and a major shareholder in Norilsk Nickel , said on Monday it had withdrawn its suit against a share buyback by the top nickel miner.

Patrick Butler: After years of growth the economic crisis is likely to leave few charities unscathed

How bad is the recession for the voluntary sector? Each charity will be affected in its own way, and some will be more resilient than others. But very few will be untouched by the economic downturn, and for some, a perfect...

China Yunnan province to buy metals to help firms

By Polly Yam HONG KONG (Reuters) - A Chinese province surprised metals markets on Monday with a seemingly huge plan to buy up 1 million tonnes of base metals to support local smelters. But the impact was diluted after a local...