A rise in Eurozone core inflation from 0.8 per cent to one per cent, stable unemployment and strengthening economic confidence may have reduced pressure on the European Central Bank (ECB) to opt for further monetary easing.
European bourses are set to open slightly higher this morning, after Fed chair Janet Yellen yesterday acknowledged the possibility that recent severe weather in the US could have impacted economic data.
TWO BUSINESS heavyweights have issued the starkest warning yet about the damage Scottish independence could do, claiming that it could push companies to leave the nation and start again in England to avoid financial uncertainty.
THERE are two camps on migration. The first, to which the vast majority of the public belongs, believes that immigration into the UK is much too high. The second, much smaller group, is more liberal on this issue.
GERMAN chancellor Angela Merkel failed to throw David Cameron the lifeline he needed over EU reform yesterday, warning in a speech that anyone looking for support for fundamental changes to the union would be “in for a disappointment.”
VIRGIN Media customers can now download a high definition movie in just four minutes after the cable broadband provider increased its service’s top speeds to 152Mb, double BT and Sky’s top consumer broadband speeds of 76Mb.
LIBERTY, the 139-year-old department store, said yesterday that sales surged seven per cent to £124m in the year to February, with earnings of £17.5m, as overseas demand for its renowned fabrics soared.
UK-BASED pharmaceutical giant GlaxoSmithKline more than doubled its top executives’ bonuses last year, and said that remuneration would have been even higher if not for an ongoing bribery scandal in China.
Societe Generale yesterday agreed to pay $122m (£73m) to settle a lawsuit by a US regulator The Federal Housing Finance Agency (FHFA) accusing the bank of misleading Fannie Mae and Freddie Mac in the purchase of mortgage-backed securities.
Derwent London said its net asset value leapt by almost a quarter last year after agreeing a record £21.8m of lettings as companies flocked to take up space in its buildings. Net asset value soared by 23.6 per cent to £2.37bn in 2013.
The City watchdog, the Financial Conduct Authority, has banned the former chief executive of the now defunct advisory firm CIB Partners from ever working in financial services, after he was found to have misled investors about the strength of cert