Showing posts with the label BBC Busines News

BBC Business News.: Sale of EDF's UK networks agreed. July 30th.,.2010

30 July 2010 Last updated at 09:21 GMT Sale of EDF's UK networks agreed A consortium headed by Hong Kong billionaire Li Ka-Shing agrees to buy the UK networks of French power group EDF for £5.8bn ($9.1bn). Strikes and ash extend BA losses BA reveals a steep quarterly loss of £164m after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud. Disney sells Miramax film studios New Walt Disney announces the sale of its Miramax film division for about $660m to a group of private equity investors. Chip sales boost Samsung profits Samsung Electronics reports record quarterly profits thanks to higher sales of smartphones and components such as memory chips. Citigroup agrees $75m fraud fine China allows IMF report release

BBC BUSINESS.- BP boss Hayward 'negotiates exit'. July 25th; 2010. Published at 02: 29 GMT

BP boss Hayward 'negotiates exit' BP chief Tony Hayward, widely criticised for his handling of the US oil spill, is negotiating his exit, with an announcement expected within 24 hours. Profile: BP's Tony Hayward BP boss Tony Hayward's gaffes Profile: Bob Dudley Peston: Hayward exit 'inevitable' In depth: US Oil Spill Why BP needs a new leader   Seven EU banks fail stress tests Seven out of 91 European banks have failed stress tests designed to assess the health of the EU's banking system. BP set to begin Libyan drilling BP is set to begin drilling off Libya amid safety concerns over the Gulf of Mexico spill and accusations over the Lockerbie bomber. Brown expresses regret over banks Former UK Prime Minister Gordon Brown says he wishes his government had spotted the financial crisis earlier, in his first interview since leaving offi