Bank stress test results: Britain’s seven biggest lenders including Standard Chartered, HSBC, Lloyds and Barclays, under pressure from regulators November 29, 2015 Britain's biggest banks are bracing for announcements from the Bank of England Tuesday which may force them to cut dividends in order to satisfy regulators’ capital requirements. Seven leading lenders – HSBC, Barclays, Lloyds Banking Group, Standard Chartered, Royal Bank of Scotland, Santander and Nationwide – were subject to the Bank of England’s latest round [...]
Cyber Monday 2015 UK: Deals at Tesco, Sainsbury’s , Amazon, eBay, Currys PC World to offer Xbox, PS4, Apple Watch and iPad, large screen TV deals and much more on sale November 29, 2015 Black Friday may be gone, but that does not mean everyone must instantly return to paying full price for their shopping just yet. Yes, Cyber Monday is here. While the two deal days used to be separate, the fact that online shopping has become as common as high-street shopping means there's really no difference these days, especially [...]
Cyber Monday 2015 UK: Amazon’s best bargain deals are back, including on Xbox, PS4, Nest, Kindles, Kindle Fire and Fire TV November 29, 2015 Amazon will offer another week of deals starting on Cyber Monday following on from a week-long shopping bonanza for Black Friday, which on the day itself still brought the online retailer its single biggest ever shopping day in the UK. Shoppers will be able to take advantage of deals on electronics, video games and a whole range [...]
Black Friday 2015 UK vs Cyber Monday: Shoppers on high street decline as they turn online November 29, 2015 The number of shoppers hitting the high street fell on Black Friday as they turned to buying online and as retailers spread their discount deals throughout the week. Footfall on high street pavements was down more than four per cent on Black Friday, compared to the same time last year the earliest figures reveal, according to retail [...]
The UK’s economic growth is losing some momentum, CBI Growth Indicator for November finds November 29, 2015 The growth of the UK's economic is losing some momentum, figures from the Confederation of British Industry reveal. Growth across manufacturing, retail and service sectors remained steady, according to the CBI's latest growth indicator survey of more than 700 respondents. However, the latest forecasts suggest businesses expect over the coming three months growth will be at its weakest [...]
At the close: FTSE 100 index closes lower on miners November 27, 2015 The FTSE 100 closed down today, led lower by miners after having made gains yesterday. The UK's top blue-chip index closed 0.28 per cent down, at 6,375 points, led lower by Anglo American and Glencore, after negative data from China was released showing that Chinese industrial profits fell 4.6 per cent in October. Miners, other than BHP Billiton, yesterday led [...]
Gold falls to a near six-year low on strong dollar and expectations for a US interest rate rise in December November 27, 2015 Gold slipped to its lowest level in nearly six years today, as it headed for its sixth straight weekly decline. The precious metal has come under pressure from a strong dollar and heightened expectations that the US Federal Reserve will raise interest rates for the first time in nearly a decade at its meeting in December. Spot [...]
Merck looks to sell allergy unit Allergopharma for €600m November 27, 2015 Pharmaceutical firm Merck is considering selling its allergy business Allergopharma, according to reports. Sources close to the matter told Bloomberg that the German company is currently in the early stages of deciding whether to put the unit up for sale. If they go ahead with it, rival drugs companies and private equity firms are expected to be [...]
Thames Water chief executive Martin Baggs to step down November 27, 2015 Thames Water chief executive Martin Baggs has announced plans to step down next year, the company said today. Baggs has led the UK's largest water company for the past six years, but said today he will step down by the end of 2016. "After spending all 30 years of my working life in the UK water industry… I [...]
Lloyds Banking Group share price rises as it appoints to new non-exec directors November 27, 2015 Lloyds banking group today announced the appointment of two new non-executive directors to its board. Deborah McWhinney will service as a member of the audit and risk committees from 1 December, while Stuart Sinclair will service on the remuneration and risk committees from 4 January. The bank also said that Dyfrig John, an independent non-executive director, wishes to reduce [...]