US consumer sentiment rose to its highest level in more than four years in May as Americans stayed optimistic about the job market, while higher income households expected to see bigger wage increases, according to a new survey.
The...
Latest news
Friday 25th May 2012, 3:08pm
HSBC's pay plan for directors was opposed by 10.2 per cent of shareholders at the bank's annual meeting today, less than the previous year as Europe's biggest bank avoided the kind of shareholder backlash seen by competitors.
HSBC said 86....
Friday 25th May 2012, 12:28pm
The former head of digital banking fraud and security at state-backed Lloyds bank has been charged with defrauding her employer by submitting £2.5m worth of false expense claims.
Crown Prosecution Service (CPS) says it has authorised the...
Friday 25th May 2012, 11:32am
Europe's second-biggest electrical goods retailer, said it was well placed to make a crucial £160m bond repayment this year and had agreed a new 300 million pound banking facility.
Shares in the firm, which trades as Currys and PC World in...
Friday 25th May 2012, 10:20am
The FTSE 100 nosed up this morning as bargain hunters snapped up stocks which have been hit in recent sessions.
On Monday the blue chip index was at a six-month low but has clawed back ground since then.
Gains in Asia and on Wall...
Friday 25th May 2012, 10:05am
Unilever veteran Patrick Cescau is to become the new chairman of the world's biggest hotelier InterContinental Hotels Group at the beginning of next year following the retirement of the 67-year old David Webster.
French born Cescau, aged...
Friday 25th May 2012, 8:50am
John Lewis, Britain's biggest department store group, continued its run of double digit weekly sales increases, helped by wet weather, television sales boosted by the digital switchover and demand for Jubilee themed products.
The employee-...
Friday 25th May 2012, 8:38am
Shares in Spain's fourth-biggest lender Bankia were suspended on the Madrid stock exchange on Friday, ahead of an evening announcement when the bank is expected to ask the state for a rescue of more than 15bn euros (£12bn).
The government...
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Friday 25th May 2012, 1:57am
London's reputation as a global centre for capital markets suffered another blow yesterday when a third company pulled its planned London Stock Exchange listing in the space of a fortnight.
Georgian Railway blamed market turmoil as it...
Friday 25th May 2012, 1:56am
Friends of Mike Lynch yesterday directed the blame at Hewlett-Packard for Autonomy’s recent revenue drop which led to the ousting of the British tech guru.
It emerged yesterday that Lynch is the latest in a long line of execs to leave...
Editor's Letter
Allister Heath
Eurozone crisis moves ever closer as Greek left gains ground
AN ideas factory: that was the best way to describe City A.M.’s extraordinarily well-attended investment...
