The Artesian blog takes a look at the business headlines, For personalised daily news, contact Artesian
Morrison first-half profit jumps - Wm Morrison Supermarkets met forecasts with a 22 percent rise in first-half profit and boosted its dividend, even as it forecast second-half growth would slow as food price inflation eases.
Britain's fourth-biggest grocer, which had raised earnings expectations in an unscheduled trading update in July, said on Thursday it made profit before tax and one-off items of 359 million pounds in the six months to August 2. (full story)
Bank set to hold interest rates - The Bank of England is widely expected to hold interest rates at 0.5% for the sixth month in a row, when it announces its decision later.
It is also likely to maintain its programme of pumping money into the economy - called quantitative easing - but is not tipped to extend it. (full story)
FTSE soars through 5,000 mark for first time in a year but Mandelson warns of second economic dip - The FTSE 100 index of Britain's top companies surged through the 5,000 mark today for the first time since October, as City investors leapt on increasing belief that an economic recovery is under way.
Investors also piled back into shares after being encouraged by the recent revival in takeover activity, such as Kraft's £10.2bn bid for Cadbury and the mega-merger between T-Mobile and Orange's UK. (full story)
Apple Boss Back In Charge With New iPod - Apple's CEO has returned to the spotlight after lifesaving surgery to announce the new iPod Nano range will have in-built video cameras.
Steve Jobs received a standing ovation when he took to the stage at a news conference in San Francisco. (full story)
Dixon leads M&S race after board promotion - Marks & Spencer reignited speculation about who will be its new chief executive by promoting John Dixon, its head of food, to the board yesterday.
Mr Dixon was only appointed director of food in July 2008, but has emerged as the main internal contender to succeed Sir Stuart Rose. The retailer's executive chairman, who has been lambasted for his dual role – which breaches best practice on corporate governance – will step down as chief executive no later than July 2010. (full story)
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