Murdoch to launch tablet-only national newspaper in the US

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot RUPERT?Murdoch is planing an audacious tablet-PC only newspaper in the US.Murdoch plans to charge users a subscription fee to read his new venture on their iPads. It is understood the as-yet-unnamed paper will draw on resources from his existing media outlets but also have its own staff of several dozen.The News Corp boss is desperate to secure new revenue streams from the internet for his newspaper empire, which includes the New York Post in the US and the Sun and Times in the UK.The move is the clearest sign yet that Murdoch is prepared to force through changes to the way people view news content.Earlier this year he erected paywalls around parts of his UK newspaper stable, charging readers to access information from the Times and Sunday Times. Early reports suggest their readership has been slashed but it remains to be seen whether the sites will become a worthwhile source of revenue.Murdoch told the LA Times the venture will appeal to readers who consume their news on the go. He said it will focus on short, easily digestible stories ideal for commuters. The tycoon added: “We’ll have young people reading newspapers. It’s a real game changer in the presentation of news.”Benedict Evans of Enders Analysis told City A.M. there could be a gap in the market for such a venture, but influential technology blog TechCrunch said the move is akin to the doomed charge of the Light Brigade. Monday 16 August 2010 7:54 pm whatsapp Show Comments ▼ Share Murdoch to launch tablet-only national newspaper in the US center_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndo whatsapp KCS-content Tags: NULLlast_img read more

Police to reopen Coulson probe

first_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com whatsapp Police to reopen Coulson probe The Metropolitan Police said it would look again at new material on the alleged phone-hacking of prominent figures by News of the World reporters under former editor Andy Coulson, who is now head of communications at Number 10. Labour MPs in parliament demanded the police reopen the investigation, while home secretary Theresa May said this was solely a decision for the police. The allegations resurfaced last week, when reporter Sean Hoare told the New York Times that the practice of phone hacking was more extensive than the newspaper acknowledged, and that Coulson had personally asked him to hack phones. Coulson denies this. Show Comments ▼ whatsappcenter_img Monday 6 September 2010 8:36 pm KCS-content Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia Sharelast_img read more

Dr Pepper and Unilever warned by FDA

first_imgTuesday 7 September 2010 10:36 pm whatsapp Dr Pepper and Unilever warned by FDA KCS-content Share THE US Food and Drug Administration (FDA) yesterday warned beverage makers Dr Pepper Snapple and Unilever about making improper statements regarding green tea on product labels and web sites.In a letter dated 30 August and released yesterday, the regulator said Dr Pepper’s Canada Dry Sparkling Green Tea Ginger Ale was misbranded because the product label improperly used the word “enhanced” relating to antioxidants from green tea.“We received the FDA’s letter today and are reviewing its contents,” a Dr Pepper spokesman said. “We look forward to working with the FDA and addressing the issues raised.”In a letter dated 23 August and released yesterday, the FDA said Unilever improperly promoted a Lipton green tea product with wording that would make it a drug under federal regulations. The promotion cited studies showing that tea lowers cholesterol.“The therapeutic claims on your web site establish that the product is a drug because it is intended for use in the cure, mitigation, treatment, or prevention of disease,” the FDA said.It also said that Lipton had made unauthorised nutrient claims for the tea. whatsapp Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Show Comments ▼ Tags: NULLlast_img read more

Mears starts energy scheme

first_img SOCIAL housing repairs company Mears has paired up with British Gas to work on carbon cutting schemes, the firm said yesterday, and is in talks to take over more of collapsed rival Connaught’s leftover contracts.Mears said it will expand into energy saving for the 500,000 local authority-run homes under its care, enabling it to tap into government funds at a time of public sector cuts. whatsapp whatsapp Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof “It looks to be a strong partnership. As to what it might mean in terms of revenue or margins, we don’t know. It feels as though this is a positioning move rather than a ‘we’re going to upgrade numbers’ move,” Panmure Gordon analyst Andy Brown said. The firm will also make joint bids with British Gas for future social housing maintenance contracts. Mears did not provide any financial figures for the deal, but said it would seek funding from the Carbon Emissions Reduction Target, which the government estimates would stimulate about £3.2bn of investment by energy suppliers.The deal will also target funding from the £350m Community Energy Savings Programme (CESP).Mears chairman Bob Holt said on Monday that talks about adopting some of Connaught’s social housing contracts were ongoing and Mears was “very much on the look out” for acquisitions.Shares in Mears climbed 3.4 per cent to 290p in yesterday’s trading. center_img Share Tuesday 21 September 2010 8:09 pm Mears starts energy scheme Tags: NULL KCS-content last_img read more

Facebook apps ‘leak’ details

first_img KCS-content whatsapp Share More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Tags: NULL Monday 18 October 2010 7:50 pmcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Facebook was yesterday thrown into a new privacy row after it emerged the site is passing on details of millions of users and their friends to internet firms.An investigation found the social networking site is giving details of users who use apps and games such as the hugely popular FarmVille. The issue affects tens of millions of Facebook users, including people who set their profiles to Facebook’s strictest privacy settings. The site’s bosses today pledged to fix the problem, and said the information was being shared “inadvertently”.“Our policy is very clear about protecting user data, ensuring that no one can access private user information without explicit user consent,” said Facebook’s Mike Vernal. “Recently, it has come to our attention that several applications built on Facebook Platform were passing the User ID, an identifier that we use within our APIs, in a manner that violated this policy. In most cases, developers did not intend to pass this information, but did so because of the technical details of how browsers work.” Facebook apps ‘leak’ details Show Comments ▼last_img read more

Asda sales up as it creates 7,500 UK jobs

first_img ASDA, owned by Wal-Mart, yesterday reported a return to underlying sales growth in its fiscal third quarter, helped by a focus on low prices and the relaunch of its core own-brand grocery range.The country’s second-biggest supermarket chain behind Tesco also said yesterday it would create more than 7,500 jobs next year by opening new stores, growing in home shopping, and through its purchase of Netto UK.Sales at stores open over a year rose 1.3 per cent in the three months to 30 September. That compared with a 0.4 per cent fall in the second quarter and is the first increase since the fourth quarter of 2009.Asda has lagged behind its major rivals in sales growth for most of this year, hit by a step up in promotions which the chain says has clouded its low-price message.A growing demand for premium ranges which has favoured upmarket rivals like Waitrose has also taken its toll. Asda responded in April by launching a price guarantee offering to refund shoppers the difference if they can find their shopping cheaper elsewhere. International sales, which include the UK, outstripped Walmart’s domestic business during the quarter, rising 9.3 per cent to $26.9bn against the period a year ago, boosted by a foreign exchange gain of $349m. The retailer’s overall sales increased 2.6 per cent to $101.2bn. Earnings rose nine per cent to $3.44bn against a year ago. More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live bearnypost.com whatsapp Tuesday 16 November 2010 8:53 pm Share whatsappcenter_img Asda sales up as it creates 7,500 UK jobs Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm OracleUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndoBrake For It40 New Features In The 2021 Ford BroncoBrake For ItUndoOne-N-Done | 7-Minute WorkoutAdvertisement 7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext RefinanceUndoMoneyWise.comThe Worst College In Every US State, RankedMoneyWise.comUndozenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comUndoExplored PlanetThe Most Dangerous Bodies Of Water In The WorldExplored PlanetUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndo Tags: NULL KCS-content Show Comments ▼last_img read more

FSA to keep its financial crime powers

first_img whatsapp KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald FSA to keep its financial crime powers More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Share center_img GEORGE Osborne has performed a U-turn over a landmark policy, which would have seen the FSA stripped of its power to prosecute financial crime and its oversight of companies listing on the stock exchange.The chancellor had previously said he would give the FSA’s prosecution powers to a new Economic Crime Agency (ECA), which is being set up to take on the responsibilities of the Serious Fraud Office and the Office of Fair Trading.But in a major coup for Hector Sants, the chief executive of the FSA, the City watchdog will hang on to the powers for the next two years.They will then be handed to a new Consumer Protection and Markets Agency (CPMA), which will replace the FSA when it is disbanded as part of Osborne’s overhaul of financial regulation. “After much consideration, we have decided that for the moment the FSA’s powers of prosecution will lie with the new CPMA rather than the new Economic Crime Agency,” said a Treasury spokesperson.Treasury aides insisted the chancellor had not performed a U-turn, but the policy was a key plank of Osborne’s pre-election pledge to scrap tripartite regulation. Margaret Cole, who was director of enforcement at the FSA when Osborne criticised its record, is likely to continue in that role, and to take up a similar one when the CPMA is created. The UK Listing Authority, which oversees both the new listing of companies and the ongoing trading of existing securities, will also fall under the CPMA.This is a major coup for the City, with LSE boss Xavier Rolet pushing for regulatory powers to lie with one body rather than be split with the Bank of England and the Financial Reporting Council (FRC). whatsapp Wednesday 17 November 2010 9:15 pm Show Comments ▼ Tags: NULLlast_img read more

Japanese consumers downbeat

first_img Tags: NULL whatsapp Show Comments ▼ More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com whatsapp KCS-content Japanese consumers downbeat Recent positive data from Japan was dampened yesterday, as consumer confidence slipped downwards for the sixth successive month. The figures, released by the Bank of Japan, disappointed economists who had expected an upturn. Share Monday 17 January 2011 8:44 pmlast_img read more

Euro zone services sector grows more than expected

first_img Vibrant growth in Germany helped the euro zone’s services sector expand faster in January despite growing weakness elsewhere in the bloc, early findings from a business survey showed.Markit’s Eurozone Flash Services Purchasing Managers’ Index (PMI), comprising surveys of around 2,000 businesses ranging from banks to hotels, rose to 55.2 from 54.2 in December, comfortably beating expectations of 54.3.That marked its 17th month above the 50 mark that divides growth from contraction, while its new business index hit a 39-month high of 55.4, up from December’s 53.9. However, jobs growth slowed for the second month in a row during January.Survey compiler Markit warned that behind the strong headline figures, there were few signs that firms in peripheral countries like Ireland and Spain were catching up with peers in Germany and France, the biggest euro zone economies.“If anything it’s becoming a German concentration of strength,” said Chris Williamson, chief economist at Markit.“France moved down a gear compared to much of last year, but nothing like what we’re seeing outside where the periphery is close to stagnation.”Peripheral euro zone countries, which include the likes of Ireland and Spain which are already struggling with a debt crisis, have seen new orders fall in four of the last five months, said Williamson.German business morale rose to its highest in 20 years in January, the Munich-based Ifo institute said on Friday, two days after the German government raised its 2011 growth forecast by half a percentage point to 2.3 percent.The individual PMI series for Germany released earlier on Monday painted a similar picture of strength, with record growth of services new orders and the headline services PMI hitting 60.0, a 55-month high.In France, services growth accelerated in January but the expansion of its manufacturing sector slowed slightly, marked by a slight decline in employment there.Overall, Williamson said January’s PMI data was consistent with first quarter euro zone economic growth of around 0.7 per cent. whatsapp Euro zone services sector grows more than expected whatsapp John Dunne Monday 24 January 2011 5:59 am Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ Share Tags: NULLlast_img read more

FTSE struggles as Egypt turmoil unsettles markets

first_img whatsapp Monday 31 January 2011 4:11 pm whatsapp Share Tags: NULL More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com alison.lock Show Comments ▼ The FTSE struggled to reclaim a morning of losses as political turmoil in Egypt unsettled investors.The FTSE 100 closed down 0.31 per cent or 18.43 points at 5,862.94, with travel firms suffering most from selloffs.Tour operator TUI Travel shed 2.62 per cent to close at 253p, while mid cap peer Thomas Cook lost 3.1 per cent and International Consolidated Airlines Group fell 1.8 per cent.“The worst hit stocks have been in the travel sector with TUI Travel and Thomas Cook bearing the brunt as the travel companies cancel flights and re-book affected passengers to the affected destinations,” said Michael Hewson, market analyst at CMC Markets. Energy firms limited the losses, however, as uncertainty over oil supply from Egypt caused a surge in demand and a heartening 53 per cent quarterly profit rise from Exxon Mobil, the world’s largest company by market capitalisation, boosted the sector.BG Group led the gainers, closing up 5.02 per cent to 1,401p. It also benefited from a broker upgrade by Chevreaux, which moved it to an “outperform” rating and a 1,600p price target. Packaging company Rexam rose 2.09 per cent to 341.5p after it completed its beverage can contract negotiations and forecast 2011 operating profit of a similar level to 2010. “Rexam was one of a small number of companies that enjoyed a strong showing and avoided the shadow of the escalating crisis in Egypt,” said Will Hedden, sales trader at IG Index. Retailers also featured on the risers board, led by supermarkets Sainsbury’s (up 2.8 per cent to 381.5p) and Tesco (up 1.16 per cent to 402.7p).BP bucked the oil sector trend though – it closed down 0.4 per cent down at 484.85p as investors fretted over whether Russian shareholders in its TNK joint venture would withhold its $1.8bn (£1.13bn) dividend payment.Pub landlord Greene King stayed on top of the FTSE risers, closing up 5.28 per cent at 472.2p after its trading update showed a healthy performance over the past eight weeks despite the poor weather. And outsourcing group MITIE fell five per cent to 218.3p, despite releasing a positive IMS reporting good progress in the year to date and forecasting full-year earnings in line with management’s expectations.Wall Street had a better, day, bolstered by positive consumer spending and factory output data that pointed to a consistent recovery. Exxon’s results also provided early cheer.The Nasdaq closed up 0.48 per cent or 12.86 points at 16,999.75; the Dow Jones industrial average closed 0.56 per cent or 65.89 points higher at 11,889.59; and the S&P 500 gained 0.72 per cent or 5.58 points to close at 780.09. FTSE struggles as Egypt turmoil unsettles markets last_img read more