| Man misses out as Footsie scales 21-month high The hedge fund manager's shares lost 3.7 per cent on concerns that a trading update next week will be disappointing  Bank to perform its own risk assessments The Bank of England, signalling a decisive break with reliance on credit ratings agencies, is proposing to undertake its own risk assessments in future for many classes of collateral TEG makes first pre-tax profit since 2004 The pre-tax profit of £155,000 was made in a year that the waste management group's chief described as the 'most successful' in its history amid a strong pipeline of projects ITV set to be relieved of CRR rule burden Government powers to intervene in a long-running competition saga under a loophole in the law may free ITV from contract rights renewal rules Arriva up 17% after Deutsche Bahn move Shares in the UK bus and rail operator enjoy their biggest jump in 15 years after a potential takeover bid that would value Arriva at about £1.2bn and create a leading global transport group Chemring gains in spite of weather problems Grim winter weather affected deliveries at the missile defence and pyrotechnics maker at the start of 2010, but trading still increased by 5% as new orders began to flow Deutsche Bahn bid talk drives Arriva higher London shares edged higher on Tuesday, thanks to gains for banking stocks and oil companies, Investors shun Europe as sovereign risk weighs Survey shows attention shifting to the US and Japan as country risk continues to constrain optimism about recovery Sales surge pushes Axis-Shield to profit The diagnostic group said sales of its diabetes-testing Afinion machine rose by 72% in 2009 and announced that it had bought back the US marketing rights to the device Wellstream pre-tax profit drops 45% The buoyant Brazilian market has failed to compensate for tough economic conditions in the global oil and gas sector, pushing profits down at the flexible pipeline specialist to £42.8m Diamond luck should see off regulators The acquisition of Lehman's US operations, which had a strong equities franchise, has finally given BarCap's chief executive a platform to build a global equities business Shell freezes pay-out despite output forecast Anglo-Dutch oil and gas group expects its production to grow by 11 per cent during 2009-12 – likely to be the fastest rate of growth of any of the "super-major" western oil companies, but its dividend will be unchanged Security becoming complex, says G4S The world's biggest security group says companies have demanded ever more complex security arrangements in spite of pressure to cut costs during the downturn RBS considers £10bn debt buy-back Royal Bank of Scotland is planning a vast balance sheet restructuring in a bid to boost its capital strength and its standing with bond investors ICG chief Attwood steps down Tom Attwood is to resign as chief executive of Intermediate Capital Group, as it announces a strategic shift to focus on broader third-party fund management News Wizard |