Friday, July 4th, 2008
Oil pushes ever higher
Price of litre of petrol tops 1 for first time in UK as oil surges on a North Sea storm. By Graeme Wearden.
Dollar hits 26-year low against pound
The pound climbed to $2.10 for the first time since 1981 today, boosted by speculation that China was preparing to shift its foreign reserves out of dollars. By Graeme Wearden.
US gloom weighs on FTSE
Market report: London shares resumed their downward trek today, knocked by volatile oil prices, a tumbling dollar, jitters around banks and more anxieties on Wall Street. By Katie Allen.
Virgin Media hails growth ‘turnaround’
Virgin Media signals that era of upheaval marked by public rows with BSkyB is behind it as the cable TV company posts strongest customer growth in more than a year. By Katie Allen and Chris Tryhorn.
National Starch takeover to cost thousands of jobs
Henkel, the maker of Schwarzkopf hair products, plans to cut thousands of jobs when it completes its 2.7bn acquisition of ICI’s National Starch adhesives business early next year. By David Gow.
FirstGroup thanks oil price for rise in bus revenue
British bus and rail operator says soaring oil price forcing motorists out of their cars and on to public transport. By Dan Milmo.
Next sales ‘highly volatile’
Outlook at fashion chain Next ‘uncertain’ in run-up to Christmas, company warns. By Julia Finch.
Virgin Media upbeat after growth in customers
Cable group Virgin Media added 13,000 new customers in the third quarter of the year. By Chris Tryhorn.
Bank governor tones down criticism of Darling over crisis at Northern Rock
King: ‘No disagreement with chancellor’ Authorities knew savers had insufficient protection
Jazz label joins the DRM-free revolution
Record label Universal Music Classics & Jazz is making its entire catalogue available online without copy protection as part of an experiment to gauge fans’ demand for MP3 tracks. By Katie Allen.
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Wednesday, July 2nd, 2008
DryShips celebrates best quarterly result to date
DRYSHIPS chief George Economou has hailed an ?exceptionally strong? first quarter for the Nasdaq-listed dry bulk company, writes Nigel Lowry in Athens.
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Wednesday, July 2nd, 2008
Chevron reports surge in profits
Record oil prices helped Chevron offset losses at its refining unit and a slight fall in energy production last year.
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Tuesday, July 1st, 2008
Scrap keeps its value despite lack of vessels to break
DEMAND for scrap tonnage remained high and prices remained firm in all major shipbreaking centres this week.
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Tuesday, July 1st, 2008
Markets slide in Europe and Asia
Markets fall across Europe and Asia as inflation worries and fears of further bank losses dent confidence.
Sub-prime woes force UBS changes
UBS overhauls its management structure as it tries to recover from losses linked to the sub-prime crisis.
BP anger at Russian permit move
Foreign staff at BP’s Russian joint venture could be forced out of the country after their visa requests were refused.
Watchdog cuts oil supply forecast
World oil supplies will grow more slowly than previously thought over the next five years, warns the International Energy Agency.
Mobile firms hit roaming deadline
Mobile phone firms reach a deadline to cut the price of sending text messages in EU member nations.
GM shares skid to 54-year nadir
GM shares fall to a 54-year low as investors worry about the firm’s financial position amid falling sales.
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Monday, June 30th, 2008
ICAP HANDYMAX INDEX? 3,975 (-141) 28 Jan 2008
THE disparity between single-hull and double-hull rates continued to widen last week, as single-hull very large crude carriers hit the rock bottom levels seen for much of last year, writes Jamie Dale.
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