News Tag: shares
March 16, 2010
The US central bank, the Federal Reserve, is expected to keep interest rates at the rate of between zero and 0.25% at a meeting later today.
Interest rates in the world’s largest economy have been at the low level since December 2008 and the bank has previously said that as a result of subdued inflation and high unemployment, ...
Fed widely expected to leave interest rates on hold today
by Kay Murchie
February 26, 2010
Japan Airlines (JAL), which last month filed for bankruptcy protection, has today posted a net loss of 177.9 billion yen (£1.31 billion, $2 billion) for the nine months to December 2009.
The airline’s executive officer, Norikazu Saito, told reporters it suffered an operating loss of 120.8 billion yen on sales revenue of 1.14 trillion yen - a fall of around 27% against the ...
JAL reports 177.9bn yen loss
by Kay Murchie
February 23, 2010
US consumer confidence took a dive in February after the closely-monitored Consumer Confidence Index from the Conference Board fell to a 10-month low of 46, down from a revised 56.5 in January.
The index still remains far away from the 90 points required to show that the world’s largest economy is on solid footing.
Furthermore, the reading is still below the ...
US consumer confidence tumbles in February
by Kay Murchie
February 5, 2010
The Labor Department has today revealed that the US unemployment rate fell from 10% in December to 9.7% in January - its lowest level in five months.
According to the Labor Department, employers cut 20,000 jobs last month - many analysts had predicted the economy to add jobs.
US President Barack Obama has pledged to make job creation his top priority.
Meanwhile, the ...
US unemployment rate falls to 9.7%
by Kay Murchie
January 28, 2010
The UK’s second-largest drug maker, AstraZeneca, has announced plans to axe a further 8,000 jobs across its global operations over the next four years.
The reduction in headcount is in addition to the 12,600 worldwide positions that have already been shed as part of the group’s massive cost-cutting programme.
The latest job cuts are to take place across the ...
Cost-cutting programme sees further 8,000 jobs go at AstraZeneca
by Kay Murchie
January 19, 2010
As expected, Japan Airlines (JAL) has today filed for bankruptcy protection.
The airline, which is Asia's biggest carrier, has been struggling amid the global economic downturn and has been grappling with a mountain of debts of around $16.5 billion (£10 billion).
The Japanese Government has said that flights will operate as normal and the airline will now begin its restructure under the watchful eye ...
Japan Airlines files for bankruptcy
by Kay Murchie
January 18, 2010
Shares in troubled Japan Airlines (JAL) plummeted again today to a fresh low of 5 yen as a bankruptcy filing seemed unavoidable.
The airline, which is Asia’s largest carrier, is expected to file for bankruptcy protection tomorrow as part of a Government rescue plan.
Like many other airlines, it has been struggling amid the global economic downturn ...
Shares in Japan Airlines fall to fresh low of 5 yen
by Kay Murchie
January 13, 2010
Figures released by the Pension Protection Fund (PPF) revealed an improvement in the UK’s 7,400 defined benefit (DB) schemes in December, with the collective deficit falling to £33 billion in December from £92.5 billion the previous month.
The PPF said not only is this is an improvement on the month, it is significantly better than a year ago when the ...
PPF: DB pension scheme deficit falls in December
by Kay Murchie
Shares in Japan Airlines plummet 81% to just 7 yen
by Kay Murchie
January 12, 2010
Shares in troubled Japan Airlines (JAL) plummeted to a fresh low today amid fears that the carrier is to enter bankruptcy proceedings within the next couple of days.
Shares fell by 45% to a fresh low of 37 yen on the Tokyo stock exchange as a bankruptcy filing seems unavoidable.
State-owned Development Bank of Japan has already agreed to ...
Japan Airlines plummet to fresh low amid bankruptcy fears
by Kay Murchie
January 11, 2010
Troubled Japan Airlines (JAL) is expected to enter bankruptcy proceedings within the next couple of days, according to reports.
It is believed the state-owned Development Bank of Japan has already agreed to the bankruptcy.
The airline, which is Asia’s largest carrier, is grappling with a mountain of debt and it is currently under the watchful eye of the state-backed turnaround body (the Enterprise Turnaround ...
Bankruptcy looming for Japan Airlines
by Kay Murchie
January 4, 2010
Shares in troubled Japan Airlines (JAL) soared 31% today after it was revealed that the Japanese Government had asked the state-owned Development Bank of Japan (DBJ) to double JAL’s credit line to JAL to 200 billion yen (£1.4 billion).
The airline has already used 55 billion yen of the 100 billion yen credit line set up by the DBJ.
The extra funding ...
JAL shares recover after Government loans deal
by Kay Murchie
January 3, 2010
Struggling Japan Airlines (JAL) has had its credit line doubled to 200 billion yen (£1.3 billion) after an agreement by the Japanese Government today, according to Kyodo news agency.
The extra funding was agreed by Deputy Prime Minister Naoto Kan, Transport Minister Seiji Maehara and other ministers at a meeting this weekend.
A statement said: "The government has decided ...
Japanese Government to double credit line for JAL
by Kay Murchie
FTSE 100 adds 22% in 2009
by Kay Murchie
December 30, 2009
Shares in troubled Japan Airlines (JAL) plummeted to a fresh low today, losing 24% to 67 yen.
The stock plummeted for a second consecutive day amid reports that the carrier is heading towards bankruptcy under a state restructuring plan.
The airline, which is Asia’s largest carrier, has been struggling amid the global economic downturn which has led to a slump in demand.
Many ...
Japan Airlines shares hit fresh record low
by Kay Murchie
Blue-chip firms in record rights issues in 2009
by Kay Murchie
December 29, 2009
Shares in troubled Japan Airlines (JAL) plummeted by 11% today to a record low of 85 yen amid reports that the carrier could be forced to file for bankruptcy.
The stock has lost almost 60% of its value this year.
The airline, which is Asia’s largest carrier, has been struggling amid the global economic downturn which has led to ...
Japan Airlines shares hit record low amid bankruptcy rumours
by Kay Murchie
December 23, 2009
There were concerns over a recovery in the US housing market today after the Commerce Department revealed a fall in sales of new homes for the month of November.
According to the Commerce Department, new single-family home sales dived by 11.3% to a seasonally adjusted annual rate of 355,000 units, down from a revised 400,000 in the previous month and represented ...
US new home sales fall in November
by Kay Murchie
December 21, 2009
State-owned conglomerate, Dubai World, is to meet with creditors today to discuss its debt repayment plan.
The company owes $59 billion of the country’s entire $80 billion debt mountain and is in need of restructuring.
This morning, the Dubai Financial Market lost 1.75% as the debt-laden conglomerate commenced talks with over 90 banks to secure agreement for a ...
Dubai World to meet creditors to discuss debt repayments
by Kay Murchie
December 16, 2009
Shares in Watford Football Club have been suspended after its parent company, Watford Leisure, warned it may enter administration.
The Club, nicknamed The Hornets, is currently 10th with 30 points in the 24-team Coca-Cola Championship.
Watford Leisure recently announced it would run out of cash before Christmas if it did not secure further funding and has been asked to pay back £4.9 ...
Watford FC on the brink of administration
by Kay Murchie
