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UK banks and the State
Government gives the UK banks it part-owns four years to shrink their businesses
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BarCap spoiler at the Barclays party
Shares in Barclays fell 5 per cent on Tuesday in spite of healthy profits for the third quarter, an improved assessment of the outlook for loan losses and the reinstatement of its dividend after almost a year
Cooper to focus on sales growth at Imperial
When Alison Cooper formally takes the helm at Imperial Tobacco next May, the 43-year old will join a small group of women leaders of FTSE 100 companies – but it is the task of expanding the company that presents a bigger challenge
Vodafone faces weaker margins
The world’s largest mobile phone network operator says its £1bn operating cost reduction programme will be delivered in the year to March 31, a year ahead of schedule, and that it will make a further £1bn of savings by 2012
Babcock eyes rapid growth
The engineering support services company, expects pressures on defence budgets round the world to accelerate its international expansion as governments look towards outsourcing to reduce costs
Yell to raise £660m for debt deal
Yell Group is to raise £660m in a share issue that will allow it to restructure loan terms as the directories group reported a further slide in profits
Spurs open to big cash offer
Majority shareholders will not put the Premier League club on the market but would be prepared to sell if a big cash offer came along according to Sir Keith Mills, non-executive director
Barclays and HSBC upbeat on bad loans
A strong performance at Barclays Capital, its investment banking arm, helps the UK bank more than double underlying profit in the first nine months
Imperial Tobacco chief to step down
Gareth Davis, the chief executive of Imperial Tobacco, is to step down from after 14 years at the helm that has seen him transform the cigarrette company into one of the largest in the world
IP Group takes 20% stake in Fusion
The £3.2m deal that includes a co-investment provision for the larger tech-transfer company allows it to take a share in any new companies incubated by smaller rival Fusion IP
Maclaren recalls 1m baby strollers in US
Maclaren, the British baby stroller brand, is recalling every folding “umbrella” stroller it has sold in the US over the last 10 years, after 12 children suffered amputations from getting finger tips caught in the hinges
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