News

COMMENT

Rupert Murdoch
Wednesday 16 July 2014
Time Warner has confirmed that it has turned down a bid from rival entertainment business 21st Century Fox, saying it is not in the "best interests" of the company's shareholders.
Wednesday 16 July 2014
Rosetta, the probe that cost the European Space Agency (ESA) €1bn to launch into space as part of a comet-chasing mission, has discovered more than the scientists bargained for.  
Lidl shop front
Wednesday 16 July 2014
Lidl is ploughing £12m into a wine range designed to attract wealthier customers away from rival British supermarket chains.
Heathrow City plan
Wednesday 16 July 2014
Heathrow airport could be replaced by 190,000 new homes, a factory or swathes of parkland, according to plans revealed by architects.
Nissin noodles
Wednesday 16 July 2014
Manchester United may have been waiting for Louis van Gaal to begin work as the club's new manager before getting down to the real business of the transfer market, but they've certainly been busy signing up sponsors. 
Citigroup logo
Wednesday 16 July 2014
Citigroup’s $7bn settlement with US authorities over an investigation into sub-prime mortgages becomes the fifth largest in the history of banking industry settlements with US re
David Cameron
Wednesday 16 July 2014
  David Cameron has fired the starting pistol in the race to win the general election next year, ridding his top ministerial ranks of dead wood and installing media-savvy MPs and spinners instead.   
Sir John Peace
Wednesday 16 July 2014
City grandee Sir John Peace is under fire again over poor governance at the firms he chairs, with the Institute of Directors (IoD) attacking his succession planning at Experian.
Matthew Hancock MP
Wednesday 16 July 2014
Two key supporters of chancellor George Osborne were yesterday named as ministers in the Department of Energy and Climate Change (Decc) as part of the government’s reshuffle, prompting concerns of a squeeze on renewables investment.
Vitor Bento
Wednesday 16 July 2014
  Espirito Santo Financial Group’s (ESFG) debt crisis deepened yesterday, raising questions over whether Rioforte, one of its companies, would be able to repay over $1bn (£580m) in debt to Portugal Telecom.   
Lloyds Bank sign
Wednesday 16 July 2014
Lloyds is braced to become the next bank to settle with regulators in the Libor abuse scandal, it emerged yesterday.
London houses
Wednesday 16 July 2014
House prices jumped by more than a 10th across the UK in the year to May, and more than one fifth in the capital’s frothy housing market, with little suggestion that new regulations had slowed price growth.
Jamie Dimon
Wednesday 16 July 2014
  Bond trading revenues dived again at JP Morgan, the bank said in its second quarter update yesterday, leading profits down eight per cent on the year.   
Goldman Sachs
Wednesday 16 July 2014
Goldman Sachs’ profits jumped in the second quarter as soaring revenues from stock market flotations outweighed the sustained crunch in bond trading income.
Marissa Meyer
Wednesday 16 July 2014
Struggling internet titan Yahoo took another blow yesterday, reporting a three per cent fall in revenues, driven by a slump in adverts.
cigarettes
Wednesday 16 July 2014
Reynolds American, the second largest US tobacco firm, yesterday announced it would buy the number three US tobacco firm, Lorillard, in a $27.4bn (£16bn) deal.
Wednesday 16 July 2014
LAZARD | ANTONIO WEISS 1 Weiss is the publisher of The Paris Review, a quarterly literary magazine co-founded in 1953 by George Plimpton. He was previously the magazine’s editor
Janet Yellen
Wednesday 16 July 2014
Federal Reserve chair Janet Yellen held the line during a grilling from US politicians yesterday, arguing that the economic climate meant that very low interest rates were still appropriate.
Wednesday 16 July 2014
MORE fund managers are convinced that equities are overvalued than at any point in nearly 15 years, according to a survey yesterday.
Tim Cook, Apple CEO and Ginni Rometty, IBM CEO
Wednesday 16 July 2014
Apple and IBM are partnering up to co-develop business-centric apps for iPhones and iPads, which they intend to make available later this year.  
Martin Wheatley
Wednesday 16 July 2014
The payday loans industry is expecting to see revenue shrink by 42 per cent if new caps on interest proposed by the Financial Conduct Authority (FCA) come into force.
Wednesday 16 July 2014
THE SINGAPOREAN owners of London’s Cumberland and Thistle Hotels announced plans yesterday to launch 50 hotels globally over the next 10 years under a new four star hotel brand.
exchange rate board
Wednesday 16 July 2014
Central banks could take over publishing key foreign exchange benchmarks in a bid to clean up the tarnished market, global watchdog the Financial Stability Board (FSB) said yesterday.
Jean Claude Juncker
Wednesday 16 July 2014
Jean-Claude Juncker has been officially elected as the new European Commission president by members of the European parliament.
Farnborough International Airshow
Wednesday 16 July 2014
The second day of the Farnborough International Airshow saw further multi-billion sales. But there was bad news as the Pentagon ruled out flying over the F-35 to the show.
German fan
Wednesday 16 July 2014
Further signs of a slowdown in the German economy, which has been the Eurozone’s most reliable powerhouse since the financial crisis, emerged with a more bearish survey of investors yesterday.
Stansted Airport
Wednesday 16 July 2014
Manchester Airport Group (MAG) lifted earnings by 2.8 per cent to £242m in the last financial year, with the group benefitting from improving trends at Stansted Airport, which it acquired in February 2013.
Wednesday 16 July 2014
More than 20 German sausage makers and 31 individuals have been fined a total of €338m (£267m) for years of price-fixing, the competition regulator said yesterday.
Brian Mukherjee
Wednesday 16 July 2014
Embattled video search and advertising group Blinkx yesterday made tentative steps on the road to recovery, despite a shareholder revolt at its annual meeting that saw nearly 30 per cent of its investors vote against the appointment of one of its
Wednesday 16 July 2014
IT CAN hardly be said Blinkx’s annual general meeting (AGM) went without a hitch yesterday, despite the worrying signs Blinkx was on the right path to recovery.
Cristiano Ronaldo
Wednesday 16 July 2014
Online gaming company Bwin.Party yesterday said it would look to cut an additional €10m (£7.9m) in costs to help it meet its targets as the firm faces additional pressure from an activist investor.
Wednesday 16 July 2014
EXHIBITIONS organiser ITE Group yesterday said its third-quarter revenue had fallen about 24 per cent, hurt by the absence of the biennial Moscow International Oil & Gas Exhibition, currency fluctuations and the impact of the Ukrainian crisis.
Wednesday 16 July 2014
TELECOM Plus, the London-listed utility services company, yesterday said it expected profit during the first half of the year to be significantly higher than last year, as it saw a 25 per cent growth in customer numbers during the quarter to 14 Ju
Bank of England
Wednesday 16 July 2014
The unemployment rate has continued to fall, dropping from 6.6 per cent to 6.5 per cent during the three months to May in line with analysts' predictions - the lowest it has been since October to December 2008.
Richard Baker
Wednesday 16 July 2014
Costa Coffee and Premier Inn owner Whitbread has appointed one of its non-executive directors, the former Boots chief executive Richard Baker, to take over as chairman.
money
Wednesday 16 July 2014
The recovery is still some way off reaching people's pockets, as earnings growth slowed to a meagre 0.3 per cent in the three months to May, according to the Office of Nati
Aldi tops the BrandIndex rankings
Wednesday 16 July 2014
For consumers, every little helps, and the tills at Aldi and Lidl are ringing as the German discounters attract new and unlikely customers.
Lenta hypermarket
Wednesday 16 July 2014
Russian hypermarket chain Lenta said it expects full-year sales to accelerate further despite the backdrop of a slowing economy, as it aimed to expand its presence across the country by a third.
Ministry of Justice
Wednesday 16 July 2014
Outsourcing firm Capita will manage a six-year prisoner tagging contract previously held by G4S and Serco, the Ministry of Justice confirmed yesterday.
Wednesday 16 July 2014
Swiss drugmaker Novartis yesterday struck an agreement with Google to develop “smart” contact lenses that would help diabetics to track their blood glucose levels or restore the eye’s ability to focus.
Wednesday 16 July 2014
FRENCH power giant Total yesterday said its refining margins in Europe rose to $10.90 (£6.40) per tonne in the second quarter, recovering from the start of the year.
Wednesday 16 July 2014
British Gas, the energy supplier owned by FTSE 100 utility firm Centrica, today said it is hiring an extra 300 staff to bolster its customer service team, as complaints about energy companies soar to their highest level.
Commuters
Wednesday 16 July 2014
Recruitment firm Michael Page reported a solid rise in earnings yesterday, announcing an 8.9 per cent increase in gross profits during the second quarter.
Wednesday 16 July 2014
Linklaters
Wednesday 16 July 2014
To appear in Best of the Brokers, email your research to notes@cityam.com
Wednesday 16 July 2014
BRITAIN’S top shares lost ground yesterday after US Federal Reserve chair Janet Yellen voiced concern over valuations. And housebuilders were hit by growing expectations UK interest rates would soon rise, while Imperial Tobacco fell sharply.
Wednesday 16 July 2014
US STOCKS closed broadly lower yesterday after the Federal Reserve, in an unusual statement, singled out the valuation of social media and biotech shares as “substantially stretched”.
Mike Ashley
Wednesday 16 July 2014
Sports Direct founder Mike Ashley will not take up his bonus despite the controversial scheme gaining approval from shareholders.
Shanghai City
Wednesday 16 July 2014
China's GDP grew by 7.5 per cent in the second quarter, higher than the 7.4 per cent expected and faster than the first quarter.

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