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National business news

BA pays a dividend as profits soar by 45%

BA pays a dividend as profits soar by 45% British Airways is to pay its first dividend since before the 9/11 terrorist attacks of 2001 after reporting soaraway pre-tax profits of £883m for last year.

The huge profits, which spark a £35m bonus bonanza for staff, were tempered by a warning that current trading is 'particularly difficult' in the teeth of rising fuel prices which are...


ITV Investors slam Michael Grade

Britain might have talent but ITV investors attacked executive chairman Michael Grade for his lack of skills after a torrent of bad news over...

Barclays' £1bn hit leaves rights issue open

Barclays' £1bn hit leaves rights issue open

Barclays today refused to rule out a rights issue but said it has 'plenty of options' to strengthen its balance sheet as it revealed it lost...

DSG shares dive as revamp falls flat

Shares in struggling retailer DSG International plunged 9% today as radical plans to save the business failed to wash in the City. Chief...

BT boss hangs up with revenues surprise

Ben Verwaayen today signed off as chief executive of BT Group after six years in charge on a high with much better than expected trading in the...

ITV ahead of market on ads, says Grade

After last week's humiliating £5.67m fine from regulator Ofcom, ITV chairman Michael Grade came out fighting today telling shareholders that...

3i forecasts even tougher times

It may be the end of the 'nice' decade, according to the Governor of the Bank of England, but London's top private-equity house, 3i, is...

Thomas Cook cuts losses as sales hold up

Thomas Cook today said demand for holidays was booming despite the consumer slowdown and grim outlook for the economy. Chief executive Manny...

Grid surges to £1.8bn after US expansion

National Grid's increasing grip on the power market in New York and New England sent the UK electricity pylons and gas mains group's profit...

General Electric may cool fridge division

General Electric may sell off its large-appliances division, which makes fridges and washing machines, after more than 100 years in the...

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The motorist feels somewhat battered from all sides, seeing the oil companies going off with cash in their pockets and the Treasury filling its coffers

Edmund King ,
President of the AA

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