29 July 2008 Archive

Insurance giants urged to stop business with Burma

Insurance centre Lloyd's of London urged to stop working in Burma

Sixteen of the world's biggest insurance companies have been called on to stop trading in Burma.

FTSE 100 holds firm despite banking drop

FTSE 100 holds firm but deceptive elephants loom

The FTSE 100 closed up just 0.18 per cent today - holding onto its position from yesterday, despite an overnight slump in New York.

British Airways in merger talks with Iberia

British Airways head Willie Walsh says airline consolidation is long overdue

British Airways and Spanish airline Iberia are in merger talks.

BP profits up on oil

BP profits

The soaring cost of oil has boosted BP second quarter profits by six per cent to $6.8 billion.

FTSE 100 holds firm despite Wall Street drops

Wall Street problems draw banks down

The FTSE 100 stood down just 0.15 per cent at 9:18 BST, after an initial fall led by Wall Street was recouped.

Merrill Lynch writes off $5.7bn and raises $8.5bn

Wall Street investment bank Merill Lynch announces losses to cut risk

US investment bank Merrill Lynch is to write down $5.7 billion (£2.86 billion).

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