News

P&G to cut 100 brands
Friday 01 August 2014
Procter and Gamble, the world's largest consumer goods company, is looking to cut up to 100 of its smaller brands.  
Madrid are under investigation from the European Commission
Friday 01 August 2014
Real Madrid’s stadium redevelopment plans have been put on hold by a Spanish court due to an ongoing investigation into possible illegal state aid.  
Friday 01 August 2014
The supplier of the licensed Mercedes Vito taxi Eco City Vehicles has attributed its slump in revenues to the "uncertai
Friday 01 August 2014
Chair of the Public Accounts Committee and Labour MP Margaret Hodge has condemned the tax arrangements of the popular taxi app service Uber in a letter to London Mayor Boris Johnson.
US jobs fair
Friday 01 August 2014
After last month's 288,000-job bonanza, the US economy has only managed to add 209,000 jobs in July. 
Friday 01 August 2014
The European Court of Auditors has calculated that the cost of moving the European parliament between Brussels and Strasbourg every month amounts to an eye watering €114m a year.
Friday 01 August 2014
The good news keeps on rolling for the advocates of ecigarettes, with a new study published in the Journal of Addiction concluding that the devices are much less harmful than regular cigarettes and should not to be subjected to the same regulation
Football betting
Friday 01 August 2014
Bookmaker William Hill has revealed that online betting on this year's World Cup increased by 211 per cent compared to the tournament four years earlier.  
England Commonwealth medal tally
Friday 01 August 2014
England are sitting pretty at the top of the 2014 Commonwealth Games medal table heading into the final weekend of the event.
Friday 01 August 2014
Shares in the owner of British Airways, International Airline Group, have climbed 1.5 per cent after the group reported a pretax profit
RBS logo
Friday 01 August 2014
RBS has reiterated that a vote for Scottish independence would negatively impact its business.
Royal Bank of Scotland
Friday 01 August 2014
The Royal Bank of Scotland shrugged off PPI write downs to record a huge jump in profit before tax.
Friday 01 August 2014
European shares are called lower this morning on a day of important jobs data from the US.
Friday 01 August 2014
New European Union sanctions against five of the largest Russian banks will hit the City hardest, according to analysts, while major restrictions on arms sales will not apply to France’s warship sales to Moscow.
UBS
Friday 01 August 2014
UBS’ UK boss is quitting the job barely 18 months into the post, the Swiss bank revealed yesterday.
Xavier Niel
Friday 01 August 2014
Iliad, the disruptive French telecoms group founded by Le Monde co-owner Xavier Niel, last night made a $15bn (£11.9bn) takeover offer for US operator T-Mobile in a move that could shake up America’s telecoms market.
Friday 01 August 2014
Inflation weakened even further in the Eurozone during July, dropping to just 0.4 per cent, the lowest level since the aftermath of the financial crisis.
Friday 01 August 2014
Takeover talks between British construction company Balfour Beatty and infrastructure giant Carillion ended abruptly yesterday, just days after the £3bn bid began.
Friday 01 August 2014
Argentina’s economy minister yesterday declared that the Latin American country was not in default and threatened court action if any bondholders demanded their money back.
Friday 01 August 2014
High street lingerie chain Agent Provocateur will be put on the auction block next year after private equity owner 3i decided to sell the company.
Friday 01 August 2014
Banco Espirito Santo was ham­mered once again yesterday, as the struggling group’s share price collapsed even further following dismal results.
Friday 01 August 2014
Lloyds’ profits were squeezed by new PPI provisions in the first half of the year, the bank reported yesterday.
Wild water rapids at Center Parcs Het Meerdal
Friday 01 August 2014
Center Parcs has paved the way for a stock market listing after its owner moved to re-jig the firm’s debt pile.
Friday 01 August 2014
SSE’s Ferrybidge coal-fired power station was evacuated yesterday after fire ripped through part of the plant. There were no casualties.   
Friday 01 August 2014
Tough rules to claw back bankers’ bonuses years after they are paid could put the UK at a competitive disadvantage to rivals globally, Santander’s UK boss Ana Botin said yesterday.
Friday 01 August 2014
Relaunched high street bank TSB yesterday reported pre-tax profits of £128.5m in the first half of the year. In its first set of results since floating on the stock market, the bank pleased investors with a strong flow of new customers.
Friday 01 August 2014
The temperature just wasn’t right for profits at British Gas owner Centrica last winter, as group profits were walloped by an ex­treme polar freeze in the US, contrasting with a mild UK winter.
Friday 01 August 2014
Blue-blooded fund manager Schroders yesterday reported record half-year profits but saw shares dip after falling short of analysts’ profit expectations.
Friday 01 August 2014
FRENCH firm Alcatel-Lucent yesterday said it planned to pursue a float of its submarine cable business next year.
Friday 01 August 2014
OIL EXPLORER Afren’s shares crashed over 26 per cent yesterday, after it suspended its chief executive Osman Shahenshah and chief operating officer Shahid Ullah, following alleged “unauthorised payments” to both from third parties.
Friday 01 August 2014
British drugmaker Astrazeneca yesterday confounded City expectations by raising its sales and profit forecasts for this year, two months after fending off a near-£70bn takeover approach from bigger US rival Pfizer.
Friday 01 August 2014
Traditionally, banks are cyclical businesses – they make money in the good years, and they find it tough in bad times when un­employment rises and borrowers struggle to repay their loans.
Friday 01 August 2014
Adidas shares plunged 15 per cent yesterday after the sportswear giant became the latest big European company to warn that the Ukraine crisis was taking a toll on the business.
Friday 01 August 2014
Theme park owner Merlin Entertainment said The Lego Movie’s runaway success this year helped boost already strong growth at its six Legoland parks and increase visitor numbers.
Friday 01 August 2014
BRITAIN’S largest estate agency Countrywide yesterday hailed its strongest first-half results since just before the crisis in 2007, buoyed by growth in the UK’s housing market.
BT logo
Friday 01 August 2014
BT posted better-than-expected first quarter results yesterday on the back of growing demand for fibre. However, it received a tepid 0.15 per cent share price rise as investors waited to see how the Bo bets on sport and mobile play out.
Friday 01 August 2014
DIAGEO boss Ivan Menezes said he did not regret its foray into China’s white spirits market after anti-extravagance measures forced the group to write-down the value of its stake in baiju-maker Shui Jing Fang.
Friday 01 August 2014
TREVOR STIRLING | BERNSTEIN RESEARCH
Friday 01 August 2014
SHOPPING centre giant Intu posted a 7.6 per cent jump in the value of its properties in the first half of the year, increasing its net asset value per share to 372p.
Friday 01 August 2014
WOMEN’S clothing retailer Bon­marche yesterday posted strong growth in the first quarter of its financial year, as the UK business continued to be driven by growth in its online business and market share.
Friday 01 August 2014
The pound's strength yesterday continued to strike a blow to the profits of major British companies.
Friday 01 August 2014
Panasonic and US electric car pioneer Tesla Motors yesterday announced joint plans for a groundbreaking lithium-ion battery cell mega-plant.
Friday 01 August 2014
Deutsche Bank
Friday 01 August 2014
To appear in Best of the Brokers, email your research to notes@cityam.com
Friday 01 August 2014
BRITAIN’S top equity index yesterday fell as Lloyds Bank pulled down financial stocks, while concerns about the impact on Europe from tensions between Russia and Ukraine also made traders wary.
Friday 01 August 2014
WALL Street tanked yesterday as economic data sparked concern that the Federal Reserve could raise interest rates sooner than some have expected. Global concerns such as Argentina’s default, also weighed heavily on the market.
UK passport control
Thursday 31 July 2014
There has been a sharp rise in the number of wealthy Russians migrating to the UK, according to Home Office figures.  
Adidas
Thursday 31 July 2014
Shares in German sportswear brand Adidas took a hit today after the company announced that conditions in Russia could affect profits, and that its targets for 2015 were no longer achievable.   
Ebola threat
Thursday 31 July 2014
The World Health Organisation (WHO) is launching a joint emergency response package with leaders of the African nations that have been hit by the deadly Ebola virus.   
Ferrybridge power station
Thursday 31 July 2014
Ferrybridge power station near Castleford in Yorkshire is currently on fire, with black smoke billowing from the plant.  

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