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Friday 24 October 2014
Shares in TSB jumped 3.2 per cent this morning, after it published figures showing profits had soared 28.8 per cent to £33.1m in the three months to 30 September as it picked up nearly one in 10 new current accounts in the UK.
Friday 24 October 2014
David Cameron was dealt a crushing blow in his battle to win reform in Europe last night, after the UK was told to stump up an extra €2bn (£1.57bn) by 1 December to shore up the EU budget.
Friday 24 October 2014
TESCO could be forced to scrap its dividend and sell chunks of its global empire, after its credit rating was downgraded to one notch above junk, driving up the cost of borrowing and underlining its dire financial plight.
David Green
Friday 24 October 2014
The City fraud squad yesterday asked for a 75 per cent increase in funding next year to help it pursue a range of financial probes, including its investigation into alleged Libor rigging.
Friday 24 October 2014
LOCAL businesswoman Kelly Tolhurst will fight Ukip to hold on to the Rochester and Strood seat for the Conservatives in the upcoming by-election, it was announced last night.
Friday 24 October 2014
It’s that time of year, after all, and the eagerly-awaited Selfridges’ window displays in London’s Oxford Street revealed a theme of story-telling, including Sleeping Beauty, for the Yuletide season.
Friday 24 October 2014
SHARES in online giant Amazon fell sharply last night after the retailer announced a $437m loss in the third quarter, much higher than the $41m loss it reported for the same period a year before.
Friday 24 October 2014
SPIRIT Pub Company has rejected a takeover bid from Magners maker C&C Group, it emerged last night. It will instead move forward in a deal with rival Greene King.
Friday 24 October 2014
INVESTMENT bank Credit Suisse yesterday revealed plans to cut more jobs, following a round of reductions in weak areas like fixed income trading.
Friday 24 October 2014
INVESTMENT bank Societe Generale is moving into Canary Wharf after it signed up to take 280,000 sq ft at the area’s new 1 Bank Street building.
Friday 24 October 2014
ESTATE agency Foxtons yesterday warned on future earnings, as the firm fell prey to London’s property market slowdown.
Friday 24 October 2014
THE NUMBER of mortgage approvals fell for the third month in a row as housing market activity continued to slow.
Friday 24 October 2014
Investment bank and asset manager Lazard yesterday reported a better-than-expected quarterly profit as it earned more fees from advising on M&A deals amid a surge in cross-border transactions.
Friday 24 October 2014
CARGIANT’S Geoff Warren owns 47 acres at Old Oak Common on which Premier League strug­glers Queens Park Rangers want to build a new stadium. But, says Warren, it won’t happen. “We own the land. We are going to develop it.
Friday 24 October 2014
Mining company Rio Tinto has extended the tenure of its chief executive Sam Walsh and chief financial officer Chris Lynch, the firm announced yesterday.
Friday 24 October 2014
Private equity firm KKR reported a lower-than-expected 27 per cent year-on-year drop in third-quarter profit yesterday as its holdings appreciated more than many analysts foresaw and it generated more cash by exiting its investments.
Friday 24 October 2014
SIR RICHARD Broadbent yesterday announced his plans to leave Tesco, and said he felt the need for a demonstration of accountability by the supermarket’s bosses.
Friday 24 October 2014
Publisher Bloomsbury yesterday said last year’s success of Khaled Hosseini’s bestselling novel And The Mountains Echoed overshadowed this year’s results.
Friday 24 October 2014
SUPERMARKET sales fell in September due to warm weather, delaying winter clothes purchases, but sales are expected to rebound towards the end of the year.
Friday 24 October 2014
Interest rates are not low due to central bank policy, but due to economic factors, Bank of England official Ben Broadbent said yesterday.
Friday 24 October 2014
Pressure is mounting on Mario Draghi, the European Central Bank president, to increase stimulus efforts after a swathe of poor data revealed the Eurozone was on the verge of a triple-dip recession.
Friday 24 October 2014
Wages look set to outpace inflation throughout 2015, according to new research published today. Private sector employers are predicting pay awards of two per cent over the coming year.
Friday 24 October 2014
Samsung's UK president says a recent slowdown in smartphone sales is a sign that the market is saturated, and believes now is the time for the South Korean giant to double down on quality to continue its growth in a mature market.
Friday 24 October 2014
Finnish technology and networking giant Nokia yesterday reported a strong third quarter, announcing a 13 per cent year-on-year growth in sales for Nokia Networks due to new deployments in North America and China.
Friday 24 October 2014
FRENCH communications giant Publicis Groupe missed expectations for organic growth in its third quarter results yesterday, yet claimed the fact that 42 per cent of its overall revenue came from digital operations was a testament to its “vitality”.
Friday 24 October 2014
OMG, known for providing imaging technology used in Hollywood flicks such as Gravity (pictured), has reported positive trading up to the close of its financial year, with results expected to be in line with market expectations.
Friday 24 October 2014
Food manufacturer Premier Foods reported lower third-quarter sales yesterday, hit by consumers turning to online shopping or discount chains that stock their own brands for groceries.
Friday 24 October 2014
Unilever yesterday promised investors that new, cheaper products would help it grow profits, even as reticent consumers dragged its sales growth in the third quarter to its weakest in nearly five years.
Friday 24 October 2014
BRITAIN’S biggest media group Reed Elsevier yesterday said a four per cent rise in underlying revenue in the first nine months kept it on track to meet its goal of growing revenue and profit this year.
Friday 24 October 2014
Fan manufacturer Volution Group has reported an 18 per cent increase in revenue during 2014, from £102m to £121m. Of this total, the company’s ventilation segment posted revenue of £101m, up 23 per cent on last year.  
Friday 24 October 2014
MANUFACTURERS continued to see business grow in the three months to October, but the pace of growth was hit by weak export orders.
Friday 24 October 2014
Newly restructured Stobart Group is in talks with up to 50 airlines to begin flying out of the firm’s Southend airport, according to chief executive Andrew Tinkler.
Friday 24 October 2014
BOOKMAKER Ladbrokes said it was on track to meet financial targets for the year after reporting a 94 per cent jump in operating profits during its third quarter, relieving the pressure on chief executive Richard Glynn.
Friday 24 October 2014
YORKSHIRE-based food-maker Cranswick yesterday announced the acquisition of premium cooked poultry producer Benson Park.
Friday 24 October 2014
Sepura, the mobile radio maker, said it expected to report €54m (£42.6m) in revenues for the first half of the year, 18 per cent higher year-on-year.
Friday 24 October 2014
HUAWEI said third-quarter smartphone shipments jumped 26 per cent year-on-year, doubling the number of devices it shipped in the high-margin premium market dominated by Samsung and Apple.
Friday 24 October 2014
Johnson & Johnson
Friday 24 October 2014
To appear in Best of the Brokers, email your research to notes@cityam.com
Friday 24 October 2014
BRITAIN’S top equity index recovered yesterday and ended slightly higher, tracking a broad rally in US stocks following some strong earnings results, although a slump in Tesco and Unilever capped gains.
Friday 24 October 2014
CORPORATE earnings, including Caterpillar’s, drove Wall Street higher yesterday.
David Cameron
Thursday 23 October 2014
Britain has been told by the EU that it must add an extra €2.1bn to its 2014 EU budget, as compensation for its strong economic performance.  
Amazon
Thursday 23 October 2014
Shares in Amazon fell as much as 13 per cent in New York after hours trading this evening – the company's biggest fall in at least  a decade.  
Microsoft
Thursday 23 October 2014
Shares in Microsoft went up by 2.1 per cent to $45 in after-hours trading this evening, after the multinational software giant reported a strong performance across its commercial and consumer businesses for the third quarter.  
Ebola vaccine
Thursday 23 October 2014
As the death toll from Ebola continues to rise in west Africa, the pressure being placed on pharmaceutical companies to come up with a cure for the disease is mounting.   
PowerPoint presentation
Thursday 23 October 2014
Even among the most experienced investors, a thoughtfully placed information pyramid and the carefully timed disappearance of a thought bubble can work wonders in convincing them that a company is worth getting involved in.    
#GamerGate
Thursday 23 October 2014
A new study from the Pew Research Center has found online gaming is the "least welcoming" online environment for women.  
Travelodge
Thursday 23 October 2014
My mother always used to complain that I treated her house like a hotel, but judging by some of the requests made at the Travelodge chain, I really wasn't trying hard enough.   
NHS
Thursday 23 October 2014
The NHS needs extra cash and an overhaul of its services if it is to avoid a £30bn annual shortfall over the next five years, according to senior health officials.  
Tesco
Thursday 23 October 2014
Credit agencies Fitch and Moody's have downgraded Tesco's rating – with the latter saying it could be dropped further to junk status depending on the outcome of the ongoing investigation into its accounting practices.   
Harris + Hoole sign on cafe
Thursday 23 October 2014
Tesco may be in dire straits, but a rights issue was ruled out by chief executive Dave Lewis this afternoon.

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