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Archive for May 14th, 2008RBS gets nod for record rights issuePosted by UK Economy News
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14May 08 Royal Bank of Scotland said it won "overwhelming" support for its record 12 billion pound rights issue and reassured investors they should get about 45 percent of future earnings in dividends.
Read full story DuPont, Danisco to create cellulosic ethanol companyPosted by UK Economy News
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14May 08 US chemicals giant DuPont and Danish group Danisco said Wednesday they are creating a global company to produce cellulosic ethanol, a renewable biofuel produced from non-food sources.
Read full story Comments Off Clear Channel settles US lawsuit to allow private equity buyoutPosted by UK Economy News
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14May 08 Clear Channel Communications said it had reached an out-of-court settlement with banks that will allow a private equity buyout of the radio and billboard giant to move forward.
Read full story Comments Off Fluor inks contract for British wind farmPosted by UK Economy News
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14May 08 Engineering and construction company Fluor Corp said on Wednesday it signed a $1.8 billion (926 million pound) contract with Scottish and Southern Energy to build a 500-megawatt wind farm off the Suffolk Coast.
Read full story Comments Off US consumer prices rose slightly in AprilPosted by UK Economy News
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14May 08 US consumer prices rose a moderate 0.2 percent in April, as energy costs appeared to stabilize after sharp gains earlier this year, a government report showed Wednesday.
Read full story Comments Off EADS returns to profit, sees need for more cost cuttingPosted by UK Economy News
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14May 08 Aerospace group EADS, hit by fresh setbacks at plane-making unit Airbus, reported a robust return to profit Wednesday and said it hoped to save 750 million euros this year to counter the rise of the euro.
Read full story Comments Off French inflation eases slightly in AprilPosted by UK Economy News
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14May 08 French inflation in April eased to 3.0 percent from 3.2 percent in March on a 12-month basis, the statistics institute INSEE reported Wednesday.
Read full story Comments Off Dollar climbs before US inflation updatePosted by UK Economy News
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14May 08 The dollar advanced on Wednesday ahead of US inflation data which may add to speculation that the Federal Reserve has finished cutting interest rates for now, dealers said.
Read full story Comments Off Bank of England warns of 3.6-pct inflationPosted by UK Economy News
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14May 08 The Bank of England warned on Wednesday that inflation, which hit 3.0 percent last month, could spike to 3.6 percent this year owing to soaring energy and food prices.
Read full story Comments Off British unemployment unchanged at 5.2 pctPosted by UK Economy News
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14May 08 Britain's unemployment rate stood at 5.2 percent in the three months to March, but the claimant count rose in April for the third month in a row, official data showed on Wednesday.
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