CENTRAL banks are gaining so many new powers that it is time to consider ending their independence from government control, International Monetary Fund (IMF) boss Christine Lagarde indicated yesterday.
THE TAXMAN suspects Britain’s biggest companies of underpaying taxes to the tune of £18.8bn in the last year, though this figure is down 12 per cent on the previous year in a sign that firms are being less aggressive with their financial planning.
GLENCORE Xstrata yesterday confirmed the long-awaited sale of its Peruvian copper mine Las Bambas to a consortium for $6.25bn (£3.73bn), as demanded by the Chinese antitrust regulator last year in return for merger approval.
THE European Central Bank will ease monetary policy further if the euro keeps strengthening, President Mario Draghi said over the weekend as world finance chiefs ramped up pressure on Europe to ward off deflation.
IT’S a welcome reminder of Britain’s world-class commercial creativity. Two firms whose brands we might think of only as local icons, House of Fraser and Cath Kidston, are attracting fierce interest from Asian buyers.
FOLLOWING its move into the living room last week with the Fire TV, Amazon is reportedly going to launch a smartphone later this year capable of displaying 3D images, similar to a hologram, on its screen.
RETAILERS are losing out on £5.4bn of sales because of bad service in shops and not catering to the needs of ever more demanding consumers, according to a new report by Australian shopping centre giant Westfield.
JOHN Lewis yesterday announced a 12-strong panel of experts, including entrepreneur Luke Johnson, who will help advise and judge the technology start-ups competing to develop the next big thing for its stores.
LONDON’S northern rival Manchester has emerged as a burgeoning scene for equity capital markets, with a Salford-based advisory rocketing to the top of the league for junior market listed flotations for the first time.
HISTORIC British perfume maker Penhaligon’s increased pre-tax profits by 30 per cent last year, helping pave the way for a potential sale of the business. The firm, which dates back to 1870, said pre-tax profits rose to £1.1m from £812,004.
The financial sector consultancy has announced the appointment of Adam Crawford as a director. He left the Royal Marines in 2012, and has since worked at Oppenheimer and as a freelance consultant for Saab Group.
Up to 500 police officers will now be expected to film interviews at crime scenes using body-worn cameras, delivering the recorded evidence online, as part of an initiative announced by the Ministry of Justice.
US stock futures took a tumble, following an earnings announcement from JP Morgan, which kicked off the earnings season.
S&P 500 firms’ earnings are estimated to have increased a meagre one per cent from a year ago.