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Thursday 23 February, 2012

23-Feb-2012 08:12 AM

RSA appoints Houghton as Group finance chief

RSA has appointed Richard Houghton as Group Chief Financial Officer. At 8:12am: (LON:RSA) Royal & Sun Alliance Insurance Group share price was -4.25p at 108.25p Story provided by StockMarketWire.com...
23-Feb-2012 08:12 AM

Auxilium and Actelion in partnership to develop Xiaflex

Auxilium Pharmaceuticals and Actelion have entered into a long-term partnership for the development, supply and commercialization of Xiaflex. Xiaflex (collagenase clostridium histolyticum) is a novel, first-in-class biologic for the potential treatment
23-Feb-2012 08:04 AM

Atos net income up 56%

Net income at international IT services company Atos rose by 56% to �?¬182m in 2011 as the group achieved all its objectives. Revenue - which includes six months from Siemens IT Solutions and Services acquired on1 July was �?¬6,812m, representing
23-Feb-2012 08:03 AM

Government estimates of beer duty fraud no case for 'duty stamps', say BBPA

Commenting on the publication of HMRC�€?s �€?Improved Beer Tax gap �€" lower estimate�€? Brigid Simmonds, British Beer & Pub Association (BBPA) Chief Executive, said: �€?These new figures show that the Government had got it
23-Feb-2012 08:02 AM

KIPCO net profits fall 33%

Kuwait Projects Co - KIPCO - has unveiled its 20th consecutive year of profitability with net profits of KD30m for 2011 although the result is 33% down on last time. KIPCO's board is recommending a cash dividend of 20% (20 fils per share) and a 5% s
23-Feb-2012 07:59 AM

Ofgem road map opens up electricity market for independents

�?� Ofgem gives Big Six three clear objectives to be met to make the electricity market a more transparent and open market for all suppliers �?� Ofgem is proposing mandatory auctions to drive the pace of opening up the wholesale electricity market for in
23-Feb-2012 07:58 AM

Lancashire facing $35m Costa Concordia loss

Lancashire Holdings expects losses of around $35m from the Costa Concordia cruise ship tragedy. The company says this is based on an industry loss of $850m. Lancashire said that due to the preliminary nature of reports and estimates of loss to date, th
23-Feb-2012 07:55 AM

Discovery Metals losses rise as it ramps up activity

Discovery Metals posts a consolidated group loss of $6.966m for the six months to the end of - up from the $4.908m a year ago. The group said the result was consistent with the ramp up in activity, manning and costs as it moves through project develo
23-Feb-2012 07:53 AM

Extra £1bn in Regional Growth Fund welcome boost, says BCC

Commenting on the announcement by Nick Clegg on the opening of the third round of applications for the Regional Growth Fund, Dr Adam Marshall, Director of Policy at the British Chambers of Commerce, said: �€?We welcome the extra £1bn that the gove
23-Feb-2012 07:37 AM

Redrow builds margin

Housebuilder Redrow said revenues rose 8% to £232.8m in the half-year to end-December, driven an increase in average selling prices and margins. Private ASPs were up 19% to £204,000. Gross margin increased to 15.4% (2011: 13.4%) as a result of the cha
23-Feb-2012 07:31 AM

Centrica earnings up

Centrica today reported adjusted earnings up 3% to £1.333bn for the year to end-December 2011, with adjusted basic earnings per share of 25.8p. British Gas Residential operating profit was down 30% to £522m. Upstream UK operating profit was up 33% to
23-Feb-2012 07:21 AM

Royal Bank of Scotland reports pretax loss of £766m for 2011

Royal Bank of Scotland today reported group operating profit of £1.892bn in the year to end-December, up 11% on the prior year. The group made a pre-tax loss of £766m after charges for PPI and Greece. Core RBS 2011 operating profit was £6.095bn, with
23-Feb-2012 07:18 AM

McFarlane steps down from RBS board

Royal Bank of Scotland Group has announced that John McFarlane will step down as a Non-executive Director on 31 March 2012, as a regulatory condition of his impending appointment at Aviva. Story provided by StockMarketWire.com...
23-Feb-2012 07:12 AM

BAT hikes dividend 11% as basic earnings grow

Cigarette maker British American Tobacco (BAT) said organic revenue at constant rates of exchange grew by 7% in the year to end-December. Reported Group revenue was up 3% at £15.399bn (2010: £14,883bn). Adjusted Group profit from operations increased b
23-Feb-2012 07:00 AM

Economic Events - Today's Events

UK23/02/2012 09:30 BBA Mortgage Approvals | Forecast: 37.3K | Previous: 36.2K23/02/2012 11:00 CBI Industrial Order Expectations | Forecast: -13 | Previous: -16US23/02/2012 13:30 Unemployment Claims | For
23-Feb-2012 07:00 AM

Economic Events - Tomorrow's Events

UK24/02/2012 09:30 Index of Services 3m/3m | Forecast: 0.20% | Previous: 0.10%24/02/2012 09:30 Prelim Business Investment q/q | Forecast: -0.40% | Previous: 0.30%24/02/2012 09:30 Revised GDP q/q | Forecast: -0.20% | Previous:
23-Feb-2012 07:00 AM

Economic Events - 7 Days Ahead Events

UK24/02/2012 09:30 Index of Services 3m/3m | Forecast: 0.20% | Previous: 0.10%24/02/2012 09:30 Prelim Business Investment q/q | Forecast: -0.40% | Previous: 0.30%24/02/2012 09:30 Revised GDP q/q | Forecast: -0.20% | Previous:
23-Feb-2012 07:00 AM

Economic Events - Month Ahead Events

UK24/02/2012 09:30 Index of Services 3m/3m | Forecast: 0.20% | Previous: 0.10%24/02/2012 09:30 Prelim Business Investment q/q | Forecast: -0.40% | Previous: 0.30%24/02/2012 09:30 Revised GDP q/q | Forecast: -0.20% | Previous:
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Economic events

23-Feb-2012 07:00 AM

Economic Events - Today's Events

UK23/02/2012 09:30 BBA Mortgage Approvals | Forecast: 37.3K | Previous: 36.2K23/02/2012 11:00 CBI Industrial Order Expectations | Forecast: -13 | Previous: -16US23/02/2012 13:30 Unemployment Claims | For