World Business Headlines
UK

Creditors back Blacks Leisure rescue plan Today 7:00 PM EDT

Yesterday marked a "pivotal moment" for the camping and outdoor equipment retailer Blacks Leisure as creditors backed its rescue plan, saving 4,300 jobs. (Independent ) Read more

World economy grows again but risks remain, warns IMF Today 7:00 PM EDT

The world's leading economies have returned to positive growth for the first time since the spring of last year. The Organisation for Economic Co-operation and Development, which comprises the 30 most (Independent ) Read more

Northumbrian profits up as water sector waits for Ofwat Today 7:00 PM EDT

Northumbrian Water said lower debt costs helped it to a first-half pre-tax profit hike of 12.8 per cent yesterday, but warned that Thursday's announcement by the water regulator on pricing for the nex (Independent ) Read more

Heritage Oil sells Ugandan fields to Eni for $1.35bn and backs out of Genel deal Today 7:00 PM EDT

Heritage Oil is selling its Ugandan oil fields to Italy's Eni for $1.35bn (£811m) in cash, with another $150m to come in either cash or assets. (Independent ) Read more

AOL unveils rebranding drive to Aol. Today 7:00 PM EDT

What do goldfish, four abstract scrawls and an obscene hand gesture have in common? They are all variations of the internet company AOL's new corporate logo as it prepares to split from Time Warner. (Independent ) Read more

Lloyds swings the axe again ahead of rights issue pricing Today 7:00 PM EDT

Lloyds Banking Group has cut another 810 jobs just a day before the pricing of the rights issue aimed at securing the group's future. (Independent ) Read more

Business Diary: Clegg ventures into enemy territory Today 7:00 PM EDT

To the CBI shindig, where Britain's political leaders staged their own X Factor contest yesterday. Lib Dem leader Nick Clegg faced more wrath from the business world's Simon Cowells than his rivals, t (Independent ) Read more

Kroenke gathers Today 6:17 PM EDT

Stan Kroenke has bought 10 more shares in Arsenal, bringing him closer to having to launch a formal takeover bid for the football club (Financial Times ) Read more

Lloyds prices rights issue at big discount Today 6:05 PM EDT

The partly state-owned bank will launch the UK's largest rights issue to raise £13.5bn, offering investors new shares at 36p each, a huge discount, ahead of a shareholder vote (Financial Times ) Read more

Change of climate for former BP executive Today 6:00 PM EDT

Vivienne Cox, who left BP last year, is now working for a green investment group "trying to make a difference in the area of climate change" (Financial Times ) Read more

CoCos prove an easy nut to crack?for?Lloyds Today 5:30 PM EDT

There was a sigh of relief in banking circles following strong bondholder demand to exchange existing bonds in the group for new contingent convertible notes (Financial Times ) Read more

Cox set to steer Climate Change Capital Today 4:56 PM EDT

Vivienne Cox has been appointed non-executive chairman of the environmental investment group to help lead the company's diversification from its core business in the carbon market (Financial Times ) Read more

Turner to testify at EADS inquiry Today 2:56 PM EDT

Mike Turner has turned up as a key witness in France's largest insider dealing case as the country's Financial Markets Authority launched the final phase of its investigation (Financial Times ) Read more

LSE public censure for ERT over placing Today 12:54 PM EDT

Environmental Recycling Technologies, the plastic materials company, has been publicly censured by the London Stock Exchange for misleading investors by raising cash and then not using it as planned (Financial Times ) Read more

Endemol buys three rivals for £40m Today 12:34 PM EDT

The production company behind Big Brother has bought three mid-sized rivals, Tiger-Aspect, Darlow Smithson and Tigress, for about £40m from IMG (Financial Times ) Read more

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