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Friday 11 April 2014
Co-op Bank has, as expected, reported that it made a £1.3bn pre-tax loss last year.
Friday 11 April 2014
Asian shares are taking a beating after major sell-offs in US tech companies left investors shying away from riskier assets and emerging markets.
Friday 11 April 2014
AN INDEPENDENT Scotland would have the second highest fiscal deficit of all the world’s advanced economies in its first year, new analysis by the Treasury has calculated.
Friday 11 April 2014
WALL STREET’S tech sell-off resumed yesterday with biotech firms bearing the brunt as investors pulled their money out of an industry that was booming just two months ago.
Friday 11 April 2014
AN INFLUENTIAL MP yesterday attacked George Osborne for failing to explain his team’s involvement in the Co-op Bank’s disastrous efforts to buy 632 Lloyds branches.
Friday 11 April 2014
M&S showed new signs of life yesterday after reporting sales of its womenswear clothing collection have risen over the past three months, helped by Annie Lennox as part of its star-studded Leading Ladies marketing campaign.
Friday 11 April 2014
LABOUR has admitted it made a mistake by staying silent about immigration when in government, on the same day the Office for National Statistics admitted it underestimated net migration by almost 350,000 people.
Friday 11 April 2014
CREDITORS are strange beasts: they appear to have virtually zero memory, to be gluttons for punishment and to embrace rewards for failure.
Friday 11 April 2014
FINANCIAL TIMES
Friday 11 April 2014
DAVID Cameron has urged voters to reject “extremist” Ukip and the Liberal Democrats in the European elections, positioning his party as the only option for those who want real change.
Friday 11 April 2014
Spain’s Bankia, rescued by the state from near financial collapse in 2012, has announced it raised £1.26bn by selling its 4.94 per cent stake in energy giant Iberdrola. The sale of 315m shares was led by UBS and Citi.
Friday 11 April 2014
New rules making it easier for Britons to switch banks resulted in a 14 per cent increase in the number of customers moving accounts in the six months since they were introduced, the Payments Council will say today.
Friday 11 April 2014
The Investment Management Association, the trade body for fund managers, is set to merge the investment affairs division of the Association of British Insurers into its organisation.
Friday 11 April 2014
INVESTORS piled into Greece’s return to global capital markets yesterday, as the state raised €3bn (£2.47bn) through a bond sale that attracted more than €20bn of orders.
Friday 11 April 2014
SOUTH London is leading the housing boom in the capital and the UK as a whole, according to figures out today from LSL Property Services. Prices in Lambeth soared 31.5 per cent in the last year to an average of £551,662 in February.
Friday 11 April 2014
A SUSPENDED Deutsche Bank trader may have had inappropriate links to the Monetary Authority of Singapore (MAS), it emerged yesterday.
Friday 11 April 2014
CAMBIAN, the provider of specialist behavioural health services, yesterday priced its shares at the bottom of a range of between 225p-290p, valuing the group at around £400m.
Friday 11 April 2014
MARKS & Spencer’s revamped womenswear collection, which has been fronted by stars including Dame Helen Mirren, showed signs of recovery in the fourth quarter despite overall general merchandise sales falling for an 11th consecutive quarter.
Friday 11 April 2014
MARKS & Spencer’s boss Marc Bolland usually looks pretty pleased with himself, but yesterday his proud smile was somewhat justified.
Friday 11 April 2014
BRITAIN could have less than a year left before the Bank of England considers raising interest rates, analysts hinted yesterday. The warning came as the Bank’s monetary policy committee (MPC) held interest rates again yesterday.
Friday 11 April 2014
A LEADING business group will today urge the government to ensure the UK benefits from a growing industry in providing public services to people in emerging markets.
Friday 11 April 2014
THIS was the week when a sudden reality check intervened in the new issues market. It came after a blissful start to the year that has seen share prices popping, books covered multiple times and investors cashing out most profitably.
Friday 11 April 2014
A BOUNCE in hiring across the country has helped Hays to lift its profit outlook for the year, pushing shares in the UK’s biggest recruiter to the highest level since the recession.
Friday 11 April 2014
PAUL JONES | PANMURE GORDON
Friday 11 April 2014
CENTRICA’S share price slumped over one per cent yesterday, after its supply arm British Gas was fined £5.6m by the regulator for unfairly blocking business customers from switching.
Friday 11 April 2014
MAJOR BP shareholder Standard Life yesterday said it would back the oil company’s executive pay report for just the second time in nine years, after it called on the remuneration committee to beef up its targets.
Friday 11 April 2014
ACTIVIST investor Carl Icahn has backed down from his second corporate fight in as many months, with his decision yesterday to cease his crusade for Ebay to spinoff its fast-growing PayPal unit.
Friday 11 April 2014
BANKS will have to set aside less capital against trades through central clearing houses in a bid to encourage them to use the services, the Basel Committee said yesterday.
Friday 11 April 2014
BILLIONAIRE Mark Coombs, the founder of fund manager Ashmore Group, yesterday gave a bullish assessment of emerging market stocks despite his group seeing $6.2bn flow out of funds last quarter.
Friday 11 April 2014
INSURER RSA Group announced yesterday that 95.67 per cent of its share issue has been snapped up by investors, raising £773m for the group.
Friday 11 April 2014
SCOTTISH oil and gas explorer Cairn Energy yesterday said its deputy chief executive and its chief financial officer are stepping down for “long term succession planning reasons”, merely weeks after founder Sir Bill Gammell said he would retire as
Friday 11 April 2014
African budget airline Fastjet yesterday raised £11m through a private placement of shares, including a £1m investment from a unit of EasyGroup, the firm led by EasyJet founder Sir Stelios Haji-Ioannou.
Friday 11 April 2014
Rothesay Life, the life insurer co-owned by Blackstone and Goldman Sachs, yesterday struck a £111m bulk annuity deal with Western United Group Pension Scheme. It follows a similar £115m deal between the two last year.
Friday 11 April 2014
Polar Capital said group assets under management rose two per cent to more than $13.2bn in the March quarter after it took in $750m in new investment across a range of products.
Friday 11 April 2014
CHINESE motorists bought 36 per cent more Jaguars and Land Rovers in the first three months of the year, helping to send sales at the luxury car firm up eight per cent to 124,776.
Friday 11 April 2014
THE UK government said yesterday that it will give a £10m loan to UK Coal to help finance a managed closure of two of its mines over the next 18 months.
Friday 11 April 2014
WEMBLEY Arena will be renamed the SSE Arena under a new 10-year deal signed with the FTSE 100 energy giant, announced yesterday.
Friday 11 April 2014
STATIONER and bookseller WH Smith yesterday raised its dividend to shareholders, reflecting its confidence in future prospects after it posted a three per cent rise in first-half profit.
Friday 11 April 2014
PZ CUSSONS reported a strong set of numbers yesterday driven by sales of its Imperial Leather and Carex soaps in Europe.
Friday 11 April 2014
MR & MRS Smith, the travel publisher and boutique hotel specialist, yesterday announced a record first quarter, with revenue jumping 28 per cent compared to a year earlier.
Friday 11 April 2014
ALMOST seven million people visited the UK from overseas this winter, generating a fifth more for the British economy than they did a year earlier.
Friday 11 April 2014
SHARES IN newly-listed fridge seller AO World steadied yesterday after the firm’s maiden trading update confirmed it was on track to deliver 40 per cent revenue growth.
Friday 11 April 2014
London workers who skip their commute once a week could be handed a refund of up to £310.50 on their season ticket, under a proposal set out yesterday.
Friday 11 April 2014
The Crown Estate which owns Regent Street and other London landmarks, announced yesterday that it has made another investment in St James, acquiring 113 Jermyn Street for £6.7m.
Friday 11 April 2014
Aim-listed oil and gas explorer Faroe Petroleum saw its share price jump over eight per cent yesterday, after unveiling a gas discovery and a successful well test, both in the Norwegian Sea.
Friday 11 April 2014
Saffery Champness
Friday 11 April 2014
To appear in Best of the Brokers, email your research to notes@cityam.com
Friday 11 April 2014
BRITAIN’S top share index traded just above flat yesterday, buoyed by the banking sector after the Federal Reserve indicated it would keep interest rates lower for longer than previously anticipated.
Friday 11 April 2014
THE NASDAQ suffered its biggest drop in two-and-a-half years yesterday after another sharp sell-off in biotech and momentum names, increasing investor anxiety about a broader pullback.
Thursday 10 April 2014
A flaw with many major websites - the Heartbleed Bug - means that users of those services will need to update their passwords.  

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