News

COMMENT

Currency exchange prices on a screen
Friday 31 October 2014
RBS is the latest bank to set aside a hefty pot of cash for the potential costs of settling with the City regulator after a major investigation into the manipulation of forex markets.
Game
Friday 31 October 2014
Game Group's appeal against a landmark decision forcing retailers to pay rent even after they have filed for administration has been rejected by the Supreme Court.   
Draghi Nowotny
Friday 31 October 2014
We cannot rule out quantitative easing in the Eurozone: that was the message European Central Bank governing council member Ewald Nowotny gave CNBC today.
Amazon logo on box
Friday 31 October 2014
One of the most powerful people in the publishing world has compared Amazon to the Islamic terrorist group IS.
Eurozone unemployment
Friday 31 October 2014
It is a reflection of the economic times that a flat unemployment figure inspires a sense of relief, but today analysts breathed a sigh of relief as EU unemployment remained stable at 11.5 per cent in September.
ECB
Friday 31 October 2014
Inflation in the Eurozone ticked up a tenth of a percentage point in October, which will do little to allay fears about the state of the economy in the single currency zone.
Friday 31 October 2014
So much for the softly-softly approach to monetary policy taken by most central banks at the moment. Russia has hiked interest rates by 1.5 percentage points to 9.5 per cent, in an effort to stave off further slides in the rouble.
million pound house
Friday 31 October 2014
London house prices might be cooling, but things are certainly hotting up at the premium end of the market.
Rainy days
Friday 31 October 2014
Has this October really been “unseasonably warm”?   
Martin Sorrell
Friday 31 October 2014
Growth at the world’s largest advertising group, WPP, has unexpectedly slowed in the third quarter as geopolitical tension and global economic woes take their toll.
Fireworks over blackheath
Friday 31 October 2014
It’s that time of year, the fifth of November- remember? And that means the skies across London will be lit up with stunning firework displays.
British Airways plane
Friday 31 October 2014
Shares in International Airlines Group (IAG), the company behind British Airways and Spanish flag carrier Iberia, rose 3.5 per cent in early trading after it raised its full-year profit guidance.
Nikkei 255
Friday 31 October 2014
Following the US Fed's decision this week to draw its quantitative easing programme to a close, yesterday the Bank of Japan (BoJ) took the opposite stance, announcing plans to vastly expand its monetary easing programme.
Supergroup
Friday 31 October 2014
Is a Halloween curse following Euan Sutherland around?
RBS
Friday 31 October 2014
RBS shares opened almost 3.5 per cent higher as it reported a huge jump in profits in the third quarter, raising the possibility that the government’s 80 per cent share in the bank could be sold sooner than expected.
Friday 31 October 2014
The end to quantitative easing in the US led to a rollercoaster day for European shares on Thursday, which ended with the markets slightly up.
Friday 31 October 2014
Shadow banking grew by $5 trillion (£3.1 trillion) last year to total $75 trillion of assets worldwide, as the alternative finance sector took over from banks as the main source of lending growth.  
Friday 31 October 2014
Apple chief executive Tim Cook made history yesterday when the 16-year veteran of the world’s most valuable publicly-listed company announced he was proud to be gay.
Friday 31 October 2014
US bank Citi revealed a $600m (£375m) legal bill last night, surprising investors with the costs just two weeks after it published its third quarter financial results. The costs cut its profits for the quarter from $3.4bn to $2.8bn.
Friday 31 October 2014
INVESTMENT bank Citi has been left holding shares in Merlin Entertainments after demand fell just as it underwrote a sale for the firm’s private equity owners.
Friday 31 October 2014
Confidence among the UK’s shoppers remains at high levels that are consistent with a strong economy despite falling marginally in October.
Friday 31 October 2014
THE CHEESEGRATER, or the Leadenhall Building as it is officially known, has set a new price record for the City of London at £85 per square foot.
Friday 31 October 2014
THE DOLLAR continued to increase against the euro yesterday after US GDP growth surprised on the upside and the market further digested hawkish statements from the Federal Reserve on Wednesday.
Friday 31 October 2014
Luxury department store Harrods paid out a £118m dividend to its Qatari owners after making record sales of £794m in the year ended 1 February 2014, up from £716m in the previous year.
Friday 31 October 2014
Lower paid Britons have been increasingly unable to buy a house because of the combined impact of rising prices and new affordability checks, data from the Mortgage Advice Bureau showed yesterday.
Friday 31 October 2014
HOUSE price growth continued to slow down in October, adding to the view that the market is experiencing a broad-based cooling.
Friday 31 October 2014
PROPERTY services firm Countrywide saw its shares climb 2.4 per cent yesterday, as it reported record profits for the third quarter of 2014.
Friday 31 October 2014
JUST under 34,000 homes have been bought using the govern­m­ent’s Help-to-Buy scheme, re­quiring £1.42bn of loans from the Treasury.
Friday 31 October 2014
STARBUCKS, the world’s biggest coffee chain, said its net income for the quarter ended 28 Sept­ember was $587.9m (£367m), compared with a loss of $1.23bn in the same period a year ago.
Friday 31 October 2014
BARCLAYS is set to pay £500m to settle claims its traders tried to manipulate foreign exchange benchmarks. “These are ongoing discussions with certain regulatory agencies,” said finance director Tushar Morzaria.
Friday 31 October 2014
Shares in Standard Chartered took another blow yesterday on reports that the New York department of financial services (DFS) is stepping up its investigations into the bank.
Chad Holliday
Friday 31 October 2014
Oil company Shell yesterday reported revenue of $108bn (£67bn) for the third quarter of 2014, down from $117bn in the same period of last year.  
Friday 31 October 2014
US OIL firm ConocoPhillips posted earnings of $2.7bn (£1.7bn) for the third quarter of 2014, up from $2.5bn last year.
Friday 31 October 2014
SHARES were down by 15.6 per cent yesterday at Afren, as the oil group reported reduced production.
Friday 31 October 2014
St James's Place may hold the accolade as the second youngest business on the FTSE 100, but its tender years belie a growing sense of maturity for the firm.
Friday 31 October 2014
SPIRIT Pub has agreed to extend the deadline until 4 November for a £723.3m takeover offer from brew­er and pub owner Greene King.
Friday 31 October 2014
BROADBAND customer growth helped boost BT’s profits 13 per cent in the second quarter as the former state monopoly’s free BT Sport offering continued to win customers for the FTSE 100-listed firm.
Friday 31 October 2014
Restructuring at insurer Aviva is paying off as reforms pushed through by chief executive Mark Wilson delivered a 15 per cent increase in new business in the year to date, worth £690m.
Friday 31 October 2014
CHOPPY markets failed to stem the tide of assets flowing to fund manager Henderson Group yesterday after it reported quarterly inflows of £1.4bn.
Friday 31 October 2014
PETER LENARDOS | RBC
Friday 31 October 2014
FUND manager Apollo Global Management reported revenue of $241m (£151m) for the third quarter of 2014, down 79 per cent on the same period of last year.
Friday 31 October 2014
CAPITAL raised at Oaktree in the third quarter of 2014 was $4.1bn (£2.6bn), bringing the trailing 12-month total to $16.6bn, the highest in six years.
Friday 31 October 2014
DEALS company Groupon yesterday announced that it had beat estimates on its third-quarter earnings, reporting a profit of three cents a share on $757.1m (£473m) in revenue for the period ended 30 September.
Friday 31 October 2014
MASTERCARD
Friday 31 October 2014
THE THREAT of Eurozone-wide deflation and prolonged economic stagnation was heightened by figures out yesterday showing a surprise drop in German inflation.
Friday 31 October 2014
CONFIDENCE in the Eurozone edged up slightly in October after four months of not growing. The Economic Sentiment Indicator published by the European Commission yesterday picked up by 0.8 points to 100.7.
Friday 31 October 2014
THE SPANISH economy continues to grow as mediterranean countries and northern nations start to swap economic fortunes.
Friday 31 October 2014
SAMSUNG Electronics, the world’s largest electronics manufacturer by sales, posted disappointing third-quarter results yesterday showing profits down 60.1 per cent to 4.1 trillion won (£2.4bn) in the three months to the end of September.
Friday 31 October 2014
THE SINGAPORE Stock Exchange yesterday made a bid to attract more foreign companies to launch secondary listings on the bourse by easing its rules.
Friday 31 October 2014
INCREASING passenger numbers and lower debt have fuelled a 15 per cent rise in third-quarter pre-tax profits at National Express compared with the same period last year, figures revealed yesterday.

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