Newsroom

Bank of England paper says some clearing houses may need more capital

Reuters UK Business News - Fri, 24/10/2014 - 15:41
LONDON (Reuters) - Clearing houses may need bigger capital cushions as more and more trading in financial derivatives comes their way, the Bank of England said in a paper on Friday.






UK bank stress test capital measure changed late in process - sources

Reuters UK Business News - Fri, 24/10/2014 - 15:30
LONDON (Reuters) - Britain's regulator told banks this week they must use a stricter measure of how they measure capital under a health check of lenders that will be released on Sunday, people familiar with the matter said.






China to open up more sectors to private investment to spur growth

Reuters UK Business News - Fri, 24/10/2014 - 15:27
BEIJING (Reuters) - China's State Council will expand the scope of private investment in key sectors, including telecoms and transport, it said on Friday, as part of measures to support the slowing economy.






Deutsche Bank braces for 1 billion euros in U.S., UK Libor fines - sources

Reuters UK Business News - Fri, 24/10/2014 - 15:18
FRANKFURT (Reuters) - Deutsche Bank is bracing to pay almost 1 billion euros (788.32 million British pounds)for Libor-related fines as it nears a deal with U.S. and UK authorities to settle allegations it attempted to manipulate the benchmark interest rate, two sources familiar with the matter said on Friday.






Angry Cameron says won't pay 'unjustified' EU bill

Reuters UK Business News - Fri, 24/10/2014 - 15:03
BRUSSELS (Reuters) - Prime Minister David Cameron said on Friday Britain would not make an additional 2.1-billion-euro payment into this year's European Union budget, calling the bloc's demand for extra funds "completely unacceptable".






Angry Cameron says won't pay 'unjustified' EU bill

Reuters UK Business News - Fri, 24/10/2014 - 14:54
BRUSSELS (Reuters) - Prime Minister David Cameron said on Friday Britain would not make an additional 2.1-billion-euro payment into this year's European Union budget, calling the bloc's demand for extra funds "completely unacceptable".






FTSE falls, still set for strongest week since August

Reuters UK Business News - Fri, 24/10/2014 - 14:45
LONDON (Reuters) - Britain's top share index was set for its strongest week since August despite dropping on Friday, when airlines and hotel stocks were hit by news that a New York City doctor had tested positive for the Ebola virus.






Lullaby concert set to enchant youngsters

Newmarket Journal - Fri, 24/10/2014 - 14:33

Music from the Enchanted Forest is set to spellbind young children at special concerts being held at Newmarket’s Memorial Hall next week.

Categories: Local Press

Cost of insuring against Tesco default leaps

Reuters UK Business News - Fri, 24/10/2014 - 14:33
LONDON (Reuters) - The cost of insuring against Tesco defaulting on its debt shot up on Friday, after ratings agency Moody's downgraded Britain's biggest grocer and left the troubled group hovering one notch above junk status.






Tesco sales fell 5.2 percent in 12 weeks to Oct 11 - Nielsen

Reuters UK Business News - Fri, 24/10/2014 - 14:32
LONDON (Reuters) - Sales at troubled British grocer Tesco fell 5.2 percent year-on-year in the 12 weeks to Oct. 11, according to monthly industry data published on Friday.






Discovery trail at church

Newmarket Journal - Fri, 24/10/2014 - 14:30

St Mary’s Church in Mildenhall will be running a discovery trail throughout the duration of half-term.

Categories: Local Press

Stagnating euro zone seeks German shift

Reuters UK Business News - Fri, 24/10/2014 - 14:25
BRUSSELS (Reuters) - France and Italy sought on Friday to bridge stark differences with Germany over how to avert economic stagnation and deflation, but Chancellor Angela Merkel warned her peers against repeating the euro zone's debt crisis.






Motorists warned of A11 closures

Newmarket Journal - Fri, 24/10/2014 - 14:14

A series of overnight road closures will take place on the A11 between Fiveways roundabout at Barton Mills and Thetford.

Categories: Local Press

Chiquita says sweetened Cutrale-Safra offer not superior

Reuters UK Business News - Fri, 24/10/2014 - 14:06
(Reuters) - Chiquita Brands International Inc said Brazilian juice maker Grupo Cutrale and investment firm Safra Group's sweetened offer was not superior to its proposed merger with Irish rival Fyffes Plc , which the banana producer's shareholders will put to a vote on Friday.






Slimmers have 12,000 great reasons to smile

Newmarket Journal - Fri, 24/10/2014 - 13:57

Members of a slimming group in Mildenhall have helped raise more than £12,000 for a hospice following an annual moonlight walk.

Categories: Local Press

Rapid UK recovery starts to slow from previous red-hot pace

Reuters UK Business News - Fri, 24/10/2014 - 13:31
LONDON (Reuters) - Britain still looks on track to outpace other advanced economies this year after rapid growth eased only slightly in the three months to September, but a euro zone slowdown could hamper the recovery in the run-up to next May's election.






Three major nations absent as China launches World Bank rival in Asia

Reuters UK Business News - Fri, 24/10/2014 - 13:25
SHANGHAI (Reuters) - Australia, Indonesia and South Korea skipped the launch of a China-backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders.






P&G to exit Duracell battery business

Reuters UK Business News - Fri, 24/10/2014 - 13:11
(Reuters) - Procter & Gamble Co said it would exit its Duracell battery business, likely through a splitoff into a separate company, as it looks to focus on faster-growing brands.






AstraZeneca cancer drug pipeline gets boost from European green light

Reuters UK Business News - Fri, 24/10/2014 - 12:49
LONDON (Reuters) - AstraZeneca's cancer drug pipeline received a boost on Friday, as European regulators recommended approval of an experimental medicine against ovarian cancer.






Britain slams EU budget demand, others see 'molehills'

Reuters UK Business News - Fri, 24/10/2014 - 12:36
BRUSSELS/LONDON (Reuters) - British Prime Minister David Cameron challenged a demand from the European Union for an additional 2.1-billion-euro payment into this year's EU budget after a revision of economic statistics showed his country was better off.






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