Ex-Barclays boss Diamond says ready to grab banking bargains

Reuters UK Business News - 4 hours 40 min ago
LONDON (Reuters) - Former Barclays Plc boss Bob Diamond said he intends to snap up banking assets to take advantage of the best opportunities in the industry for decades, as banks shrink and valuations remain depressed.

ECB may decide on sovereign bond buys in first-quarter, says Constancio

Reuters UK Business News - 4 hours 42 min ago
LONDON (Reuters) - The European Central Bank might decide as early as the first quarter of next year whether to begin buying sovereign bonds, the bank's vice president said on Wednesday.

Juncker unveils investment plan to kick-start EU growth

Reuters UK Business News - 4 hours 43 min ago
STRASBOURG, France (Reuters) - The European Commission presented a plan on Wednesday for some 300 billion euros (238 billion pounds) of largely private new investment in the European Union, saying it was time to kick-start growth without adding to public debt.

Net-a-porter founder could bag more than 100 million euros in 2015

Reuters UK Business News - 4 hours 46 min ago
PARIS (Reuters) - Net-a-porter founder Natalie Massenet stands to make more than 100 million euros (79 million pounds) next year under a deal with the online fashion retailer's owner Richemont, according to calculations based on company documents and analyst valuations.

U.S. regulator orders national Takata driver-side air bag recall

Reuters UK Business News - 5 hours 3 min ago
DETROIT (Reuters) - The U.S. National Highway Traffic Safety Administration on Wednesday ordered air bag supplier Takata Corp to expand its regional recall of driver-side air bags to cover the entire United States.

FTSE ends flat, mining shares advance

Reuters UK Business News - 5 hours 15 min ago
LONDON (Reuters) - FTSE closed flat on Wednesday, erasing early gains, with weaker travel and leisure stocks offsetting a rebound in miners and strength in telecoms.

Quindell says ex-chairman Terry misses margin call

Reuters UK Business News - 5 hours 17 min ago
(Reuters) - Quindell Plc said former Chairman Robert Terry had forfeited his right to repurchase shares of the company after missing a margin call on a loan agreement with securities-based lender Equities First Holdings LLC (EFH).

Italian eyewear group Safilo extends Jimmy Choo licence

Reuters UK Business News - 5 hours 26 min ago
MILAN (Reuters) - Italian eyewear maker Safilo Group has extended a licensing accord to manufacture and distribute Jimmy Choo-branded spectacles to Dec. 31, 2018.

Saudi, UAE signal no push for OPEC oil cut

Reuters UK Business News - 5 hours 32 min ago
VIENNA (Reuters) - OPEC leader Saudi Arabia and fellow member the United Arab Emirates signalled on Wednesday they were unlikely to push for a major change in oil output at the group's meeting this week to prop up prices that have sunk by a third since June.

Chances ECB buys government bonds still 50-50 - Reuters Poll

Reuters UK Business News - 5 hours 32 min ago
(Reuters) - There is still only an even chance the European Central Bank will buy government bonds, according to a Reuters poll of economists taken after ECB President Mario Draghi warned last week of the need to bring inflation back to target "without delay."

Ferrari spin-off to cut Fiat Chrysler debt by 715 million euros - filing

Reuters UK Business News - 5 hours 39 min ago
MILAN (Reuters) - Fiat Chrysler Automobiles (FCA) expects its net industrial debt to drop by about 715 million euros (566 million pounds) thanks to a planned Ferrari spin-off, a regulatory filing showed on Wednesday.

EU regulators approve Airbus, Safran space launch joint venture

Reuters UK Business News - 5 hours 48 min ago
BRUSSELS (Reuters) - European Union antitrust regulators cleared on Wednesday a proposed joint venture by Airbus Group and Safran aimed at strengthening Europe's competitiveness vis-a-vis U.S. low-cost rival SpaceX.

Switzerland's bank staff shun aid fund for U.S. tax case

Reuters UK Business News - 5 hours 56 min ago
ZURICH (Reuters) - Only a handful of staff at Swiss banks have drawn on a $2.6 million (2 million pound) fund set up to help bankers and other employees who have fallen on hard times because of a U.S. crackdown on tax evasion through hidden offshore accounts.

Ryanair undecided if will back Aer Lingus pension deal

Reuters UK Business News - 5 hours 59 min ago
DUBLIN (Reuters) - Aer Lingus' largest shareholder, rival Irish airline Ryanair, has yet to decide whether to back a deal to end a long-running pension dispute that is seen as key to the airline's valuation.

Donate your time to collect for charity in Ely

Ely Standard - 6 hours 1 min ago

Marie Curie Cancer Care is appealing for the people of Ely to donate two hours of their time this Christmas by collecting in the city centre.

Categories: Local Press

Thomas Cook hit by shock CEO departure, slowing growth

Reuters UK Business News - 6 hours 2 min ago
LONDON (Reuters) - British holiday company Thomas Cook defended its decision to replace Chief Executive Harriet Green on Wednesday after the abrupt departure of the woman credited with reviving the business hammered its shares.

Chrysler recall delay hikes air bag risk - U.S. regulator

Reuters UK Business News - 6 hours 17 min ago
DETROIT (Reuters) - Chrysler Group LLC must expand its regional recall of vehicles with Takata Corp air bags and begin notifying customers of the action by Monday, the U.S. National Highway Traffic Safety Administration said.

U.S. consumer, business spending data point to slowing growth

Reuters UK Business News - 6 hours 20 min ago
WASHINGTON (Reuters) - U.S. consumer spending rose modestly in October and a key measure of business spending plans fell for a second straight month, suggesting some slowing in the pace of economic growth.

HSBC moves German M&A unit to Duesseldorf

Reuters UK Business News - 6 hours 28 min ago
FRANKFURT (Reuters) - HSBC has moved its investment bankers working on mergers and acquisitions in Germany to Duesseldorf from Frankfurt, a bank spokesman said on Wednesday.

India advised against challenging Vodafone tax ruling - source

Reuters UK Business News - 6 hours 29 min ago
MUMBAI (Reuters) - India's attorney general has recommended the government refrain from appealing a regional court ruling in favour of Vodafone Group Plc in a long-running tax dispute, a person directly involved in the matter said.