News

COMMENT

Thursday 28 August 2014
DAVID Cameron will deliver a clear message to the leader of the Scottish independence campaign Alex Salmond today, warning there will not be a currency union under any circumstances if Scots vote Yes in the 18 September referendum.
Thursday 28 August 2014
GERMAN discounter Lidl is gambling £20m on a new national TV advertising campaign to grab more middle-class shoppers from Tesco and Sainsbury's.
Thursday 28 August 2014
BUDGET airline Ryanair is looking to entice companies focused on their bottom line to choose its newly launched business class service, as it aims to become the default option for short-haul corporate travel.
Thursday 28 August 2014
THE EUROPEAN Central Bank (ECB) has appointed money managers Blackrock to advise the institution on a plan to buy up loans and help revive the bloc’s financial markets.
Thursday 28 August 2014
THE ROYAL Bank of Scotland (RBS) was slapped with a £14.47m fine by the UK’s main banking watchdog yesterday over the quality of its mortgage advice.
Thursday 28 August 2014
Head of the International Monetary Fund Christine Lagarde has been charged with “simple negligence” by a court in France, following claims of ministerial wrongdoing surrounding a €400m (£318m) payout to French businessman Bernard Tapie when she wa
Thursday 28 August 2014
THE CHALLENGES facing Tesco in­coming boss Dave Lewis were further laid bare yesterday after figures out yesterday showed a worsening sales per­formance at Britain’s largest groc­er.
Thursday 28 August 2014
LONDON-listed Monitise saw its shares soar 13.2 per cent yesterday after the mobile banking and payments firm announced a deeper alliance with business giant IBM.
Thursday 28 August 2014
EPHEMERAL photo messaging app Snapchat is reportedly in the process of raising a new round of investment valuing the mobile messaging app at $10bn (£6bn), far above Facebook’s $3bn takeover offer last year.
Thursday 28 August 2014
CHINESE e-commerce giant Alibaba reported its profits almost tripled in the three months to the end of June.
Thursday 28 August 2014
Upscale jeweller Tiffany & Co raised its full-year profit forecast for a second time following a better-than-expected rise in quarterly profit, driven by strong sales and higher prices for its high-end jewellery in the Americas, its biggest ma
Thursday 28 August 2014
It is surprisingly easy to find bankers with positive things to say about Andrew Bailey, their chief regulator. By the end of the year, though, he could find that it isn’t only the weather that feels chillier whenever he meets bank executives.
Thursday 28 August 2014
ONESAVINGS Bank, the first British lender to float on the stock market since the turn of the century, yesterday said lower costs had helped to drive a four-fold rise in half-year profits.
Thursday 28 August 2014
SHARES in London-listed fruit giant Fyffes jumped yesterday, after a joint announcement with banana colossus Chiquita that the firms identified another $20m (£12.06m) in synergy savings to be made by their merger.
Thursday 28 August 2014
INVESTORS fled Foxton’s shares yesterday after the London property agent warned that it expected a slowdown in the housing market in the second half of the year.
Thursday 28 August 2014
FINALISTS for one of the most prestigious economics prizes in the world have called on the UK government to build at least 40 new garden cities, or continue to face a shortfall in housing supply across the country.
Thursday 28 August 2014
SHARES in online fashion retailer Asos soared yesterday on unconfirmed rep­orts that a US company is eyeing a stake in the business.
Thursday 28 August 2014
FASTFOOD giant McDonald’s yesterday hit back against the closure of five of its restaurants in Russia over what the country’s food regulator Rospotrebnadzor claimed were sanitary problems.
Thursday 28 August 2014
LUGGAGE giant Samsonite yesterday announced the appointment of Ramesh Tainwala as chief executive as sales reached a record $1bn (£600m) in the first half of 2014.
Thursday 28 August 2014
Fashion house Estée Lauder UK retail sales were up 10 per cent for the fiscal year ending 30 June.
Thursday 28 August 2014
THE VALUE of Balfour Beatty’s public-private partnership portfolio has soar­ed by nearly 50 per cent to over £1bn the major construction company re­vealed yesterday.
Thursday 28 August 2014
A GROUP of Indian billionaires have seen their worth take a significant hit after the nation’s Supreme Court ruled this week that all coal mining licences in the country from 1993 were illegal.
Thursday 28 August 2014
SHELL is believed to be poised to an­noun­ce a multi-billion-dollar deal to sell four of its oilfields and a pipeline in Nigeria, as it looks to cut costs and sell off a range of its global assets.
Thursday 28 August 2014
THE VALUE of FTSE 250-listed John Laing Infrastructure Fund’s (JLIF) portfolio rose by nearly five per cent in the first half of 2014, as pre-tax profits also rose and the company signalled it would continue its policy of making careful targeted a
Thursday 28 August 2014
To appear in Best of the Brokers, email your research to notes@cityam.com
Thursday 28 August 2014
BRITAIN’S top equity index yes­terday climbed to its highest closing level in nearly two months, with oil and gas services company Petrofac buoyed by positive broker comments.
Thursday 28 August 2014
US STOCKS were little changed yesterday, with the S&P 500 creeping up to another record closing high in a lethargic session, though a number of retail stocks traded heavily after reporting results.
Lampedusa
Wednesday 27 August 2014
Almost 2,000 people have drowned in the Mediterranean in a desperate bid to flee to Europe so far this year, according the United Nations refugee agency.
Yes Scotland
Wednesday 27 August 2014
If the Scots vote for independence in September's referendum, it could hit the country's shipping and offshore maritime sector, according to a survey by leading international accountant and shipping adviser Moore Stephens.
House
Wednesday 27 August 2014
Demand may be seeping out of the housing market, but it's taking its time about it. 
Floyd Mayweather & Warren Buffett
Wednesday 27 August 2014
Warren Buffett appears to be the latest member of Floyd Mayweather's "The Money Team", making him "teammates" with Justin Bieber.
McDonald's
Wednesday 27 August 2014
After Russian courts ordered the closure of four McDonald's branches for 90 days, the global food giant has responded saying it will appeal the rulings and is scrutinising the decision made by the courts.
Graphs on a computer monitor
Wednesday 27 August 2014
European bond yields fell again on Wednesday, as the knock-on effect from a speech by European Central Bank (ECB) president Mario Draghi continued to quell investors' fears over muted growth.
14th century Venice
Wednesday 27 August 2014
In 1348, the Black Death arrived in Venice from Sicily. From there it travelled across most of Europe and ultimately killed off an estimated 45 per cent of the population.   
Transfer map
Wednesday 27 August 2014
How much have the Premier League clubs spent on players so far this transfer window? And where do they come from? Our interactive map allows you to explore the transfer activity for every single Premier League club to date.  
Uber
Wednesday 27 August 2014
Not satisfied with providing taxi rides or delivering groceries Uber is trying its hand at the fast food delivery business, with a new service called UberFRESH.
Shelves containing nappies from The Honest Co.
Wednesday 27 August 2014
It turns out not even Wall Street is immune to celebrity culture. The Honest Co., an organic baby product company co-founded by Sin City star Jessica Alba, has just raised $70m (£42m), valuing it at close to $1bn.
Angel Di Maria
Wednesday 27 August 2014
Manchester United have spent 18 per cent of all money shelled out by Premier League clubs in this summer’s transfer window so far after the £59.7m purchase of Angel di Maria from Real Madrid broke the British transfer record yesterday.
TK Maxx
Wednesday 27 August 2014
TK Maxx parent company TJX Europe is looking to expand further in the UK and Ireland, after reporting above-expectations second quarter growth.  
Apple store from above
Wednesday 27 August 2014
The countdown to the launch of the iPhone 6 has already started (13 days and counting - as if you weren't ticking the days off the calendar), and that means Apple has been buying up a lot of screens - 194m to be exact.
Neil Warnock
Wednesday 27 August 2014
Crystal Palace have made Neil Warnock their new manager, 13 days after parting ways with Tony Pulis.  
Masayoshi Son, CEO of Alibaba parent company Softbank
Wednesday 27 August 2014
Chinese ecommerce giant Alibaba has almost tripled profits in the three months to the end of June.
China ghost cities
Wednesday 27 August 2014
Shop on Amazon and you might receive discount on a box of wine. Use Alibaba, and you could get money off mortar. 
Bacl of iPad
Wednesday 27 August 2014
While the selling point of mobile technology is, well, its mobility, the desire for super-size screens to stimulate our eyeballs is now influencing the ultimate arbiter of cool, Apple.
Wednesday 27 August 2014
Spanish fast fashion Zara has been forced to remove a child's pyjama top after receiving widespread condemnation on social media for its resemblance to attire worn in concentration camps.   
Christine Lagarde
Wednesday 27 August 2014
International Monetary Fund managing director Christine Lagarde has been put under formal investigation on suspicion of "simple negligence" by a French court. 
Satellite in space
Wednesday 27 August 2014
Imagine investing millions in a space satellite, only to see it obliterated by an incoming piece of space junk.  
Snapchat app
Wednesday 27 August 2014
Evan Spiegel, the 24-year-old founder of Snapchat, must finally feel some vindication in his decision to turn down Facebook’s hefty $3bn (£1.8bn) offer for the hugely popular app last year.
Tesco
Wednesday 27 August 2014
Tesco's rival Asda has eaten away at its market share, while more than half of Brits now shop at budget grocers Aldi and Lidl, according to Kantar Worldpanel figures.   

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