Newsroom

Bank of England increases lenders' risk buffers, but less than expected

Reuters UK Business News - 4 hours 29 min ago
LONDON (Reuters) - The Bank of England told British banks on Friday they will be required to hold more capital to guard against the risks of bad loans, but the new measures were less stringent than many had expected.






Banks lead FTSE higher after Japanese stimulus boost

Reuters UK Business News - 4 hours 39 min ago
LONDON (Reuters) - Britain's top equity index surged on Friday, as unexpected monetary stimulus measures in Japan boosted appetite for stocks around the world.






Without a plan, junk status looms for Tesco - Moody's

Reuters UK Business News - 4 hours 51 min ago
LONDON (Reuters) - Tesco could see its debt downgraded to "junk" status unless it outlines plans to cut borrowing and improve trading, rating agency Moody's said, raising the prospect of higher financing costs for Britain's biggest grocer.






Exclusive: Morgan Stanley commodities staff spooked by CEO comment

Reuters UK Business News - 5 hours 21 min ago
NEW YORK (Reuters) - During Morgan Stanley's public earnings call earlier this month, Chief Executive James Gorman made a remark that hit his commodities staff like a bombshell: the bank plans to further "optimise" its business of owning and trading stuff like oil, natural gas, electricity and metals.






Exclusive: Morgan Stanley commodities staff spooked by CEO comment

Reuters UK Business News - 5 hours 22 min ago
NEW YORK (Reuters) - During Morgan Stanley's public earnings call earlier this month, Chief Executive James Gorman made a remark that hit his commodities staff like a bombshell: the bank plans to further "optimise" its business of owning and trading stuff like oil, natural gas, electricity and metals.






Banks boost FX settlement war chest to as much as $6.5 billion

Reuters UK Business News - 5 hours 58 min ago
LONDON (Reuters) - Major U.S. and European investment banks this month boosted to as much as $6.5 billion their collective war chest for settling with global regulators who are investigating allegations of collusion and manipulation in the foreign exchange market.






Exxon, Chevron results boosted by refining as oil prices slip

Reuters UK Business News - 6 hours 6 min ago
(Reuters) - A surge in refining profits boosted quarterly results at Exxon Mobil Corp and Chevron Corp , helping to offset declining oil and gas production and falling crude oil prices.






U.S. consumer spending falters; wage gains highest since 2008

Reuters UK Business News - 6 hours 29 min ago
WASHINGTON (Reuters) - U.S. consumer spending fell for the first time in eight months in September, suggesting the economy lost some momentum heading into the fourth quarter.






Chevron quarterly profit jumps 13 percent

Reuters UK Business News - 7 hours 2 min ago
(Reuters) - Chevron Corp said on Friday its quarterly profit rose 13 percent as lower crude oil prices boosted its refinery operations, helping to offset sagging results in its oil and gas production.






Exxon quarterly profit rises three percent on refining

Reuters UK Business News - 7 hours 12 min ago
(Reuters) - Exxon Mobil Corp , the world's largest publicly traded oil company, on Friday reported a 3 percent increase in quarterly profit on higher results in its refining and chemicals businesses.






Fenmarc sells it parsnips and carrots division in Lincolnshire to Produce World

Ely Standard - 7 hours 13 min ago

March based Fenmarc – which last year boosted turnover 13 per cent to nearly £100million – has sold one of its businesses based in Lincolnshire.

Categories: Local Press

RBS takes 400 million pound forex hit and warns more to come

Reuters UK Business News - 7 hours 21 min ago
LONDON (Reuters) - State-backed Royal Bank of Scotland has set aside 400 million pounds ($640 million) to cover potential fines for manipulating currency markets and warned further charges for past misconduct would continue to hit its profits.






British investors cut equity holdings, boost cash, property

Reuters UK Business News - 7 hours 37 min ago
LONDON (Reuters) - British investment managers grew more cautious in October, cutting equity allocations and boosting their cash to its highest level in more than two years as they fretted about risks to the global economic recovery.






Warm weather set to push M&S non-food sales down again

Reuters UK Business News - 7 hours 46 min ago
LONDON (Reuters) - Marks & Spencer is set to report a 13th straight quarterly fall in underlying non-food sales, with trading hurt by Britain's warm autumnal weather, the continuing "settling in" of a new website and a sluggish economic recovery.






Trial of former UBS executive dredges up Swiss banks' shady past

Reuters UK Business News - 7 hours 49 min ago
By Francisco Alvarado, Zachary Fagenson and Joshua Franklin






Daimler to buy 25 percent stake in Italy's MV Agusta

Reuters UK Business News - 8 hours 34 min ago
FRANKFURT (Reuters) - German cars and trucks maker Daimler on Friday said it will buy a 25 percent stake in Italian motorcycle manufacturer MV Agusta as part of a long-term cooperation deal.






British Airways owner confident on growth as rivals falter

Reuters UK Business News - 8 hours 43 min ago
LONDON (Reuters) - The owner of British Airways and Iberia raised its forecast for profits this year and said it was on course for another rise in 2015 despite an increasingly competitive backdrop that has hit rival European airlines.






Copper miner Kazakhmys restructuring over, now called Kaz Minerals

Reuters UK Business News - 8 hours 51 min ago
LONDON (Reuters) - Kazakh copper mining company Kazakhmys said on Friday it has completed a restructuring plan which splits the company in two, in an effort to improve the performance of the London-listed group.






Monte Paschi, Carige to present recovery plans soon-Bank of Italy

Reuters UK Business News - 9 hours 50 sec ago
ROME (Reuters) - Italy's Monte dei Paschi and Carige , the two banks that fared worst in the ECB's recent stress tests, will soon unveil plans aimed at strengthening their capital bases, and the Bank of Italy will oversee those plans' implementation, the head of the Italian central bank said on Friday.






Japan's central bank shocks markets with more easing as inflation slows

Reuters UK Business News - 9 hours 4 min ago
TOKYO (Reuters) - The Bank of Japan shocked global financial markets on Friday by expanding its massive stimulus spending in a stark admission that economic growth and inflation have not picked up as much as expected after a sales tax hike in April.






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