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Archive for March 27th, 2008Subprime-hit German lender faces shareholder wrathPosted by UK Economy News
In UK financial news
27Mar 08 Directors of distressed German business lender IKB faced furious shareholders Thursday who voiced anger over the management of one of the country's biggest US subprime market victims.
Read full story EADS consortium clinches 13 billion pound air tankers contractPosted by UK Economy News
In UK financial news
27Mar 08 European aerospace giant EADS and its partners on Thursday won a massive contract to replace Britian's ageing fleet of military inflight refueling tankers, just weeks after it scooped an even bigger US order.
Read full story Comments Off U.S. profits fall in fourth quarterPosted by UK Economy News
In UK financial news
27Mar 08 U.S. corporate profits fell 3.3 percent in the fourth quarter of 2007, according to government data on Wednesday that also confirmed U.S. economic growth slowed to a meager annual pace of 0.6 percent in same period.
Read full story Comments Off US economic growth unrevised at 0.6 pctPosted by UK Economy News
In UK financial news
27Mar 08 The US economy grew at a tepid 0.6 percent annual pace in the fourth quarter of last year, the government said Thursday in a final unrevised reading.
Read full story Comments Off Britain awards 13-bln-pnd tankers contract to EADSPosted by UK Economy News
In UK financial news
27Mar 08 The British government said Thursday that it had awarded a 13-billion-pound deal to replace the country's air refueling tankers to a European consortium led by the aerospace group EADS.
Read full story Comments Off EADS says talks to sell Airbus plants to OHB collapsedPosted by UK Economy News
In UK financial news
27Mar 08 Talks by EADS to sell three German plants to MT Aerospace, a unit of the German group OHB Technology, have collapsed, a statement by EADS aircraft manufacturing unit Airbus said on Thursday.
Read full story Comments Off French postal service La Poste reports billion-euro net profitPosted by UK Economy News
In UK financial news
27Mar 08 The French state-run postal service, La Poste, reported on Thursday a net profit of nearly a billion euros (1.5 billion dollars) and said it would pay a profit-sharing bonus to its employees for the first time.
Read full story Comments Off Truck maker Scania invests in Dubai to tap Gulf growthPosted by UK Economy News
In UK financial news
27Mar 08 Swedish truck maker Scania said on Thursday it would build a factory in Dubai to strengthen its presence in the high-growth Gulf region.
Read full story Comments Off AirAsia X buys 10 Airbus planes, but Britain plans jeopardisedPosted by UK Economy News
In UK financial news
27Mar 08 Malaysian long-haul budget airline AirAsia X on Thursday signed a deal to buy 10 more Airbus A330-300 aircraft, but said plane shortages have jeopardised plans to fly to Britain by year-end.
Read full story Comments Off Insurer Swiss Life posts record profits, untouched by subprime crisisPosted by UK Economy News
In UK financial news
27Mar 08 Swiss Life, one of the biggest Swiss insurers, posted record profit for 2007 on Thursday, saying it had been little touched by the US subprime crisis which has hit many financial firms hard.
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