Gains in oil stocks and Shire lift FTSE

Reuters UK Business News - 7 hours 4 min ago
LONDON (Reuters) - Gains in major oil companies and drugmaker Shire helped Britain's top equity index extend its rebound on Tuesday after falling to 15-month lows last week.

Fed inspector general: NY Fed stumbled in handling of JPMorgan London Whale

Reuters UK Business News - 7 hours 35 min ago
WASHINGTON (Reuters) - The Federal Reserve's inspector general arm found several flaws in the way the New York Fed handled J.P. Morgan's huge credit derivative losses in 2012, including limited resources and competing priorities.

Total CEO de Margerie killed in Moscow as jet hits snow plough

Reuters UK Business News - 7 hours 57 min ago
MOSCOW/PARIS, Oct 21 (Reuters) - Christophe de Margerie, the charismatic and outspoken chief executive of the French oil company Total TOTF.PA, was killed when his private jet hit a snow plough as it was taking off from Moscow's Vnukovo airport on Monday night.

Solar farms ‘blight’ by on the countryside says Liz Truss but landowners’ association believes she is ‘misguided’

Ely Standard - 7 hours 57 min ago

Environment Secretary and South West Norfolk MP Liz Truss has hit out at large-scale solar farms calling them a “blight” on the countryside as she announced plans to axe a subsidy for the schemes.

Categories: Local Press

Daimler eyes stake in motorbike maker MV Agusta - source

Reuters UK Business News - 8 hours 25 min ago
FRANKFURT/MILAN (Reuters) - German vehicles group Daimler is in advanced talks to take a minority stake in Italian motorcycle manufacturer MV Agusta [IPO-MVAG.MI], a source in Italy familiar with the situation said on Tuesday.

Exclusive: ECB looking at corporate bond buys, could act as soon as Dec - sources

Reuters UK Business News - 8 hours 27 min ago
FRANKFURT (Reuters) - The European Central Bank is considering buying corporate bonds on the secondary market and may decide on the matter as soon as December with a view to begin purchases early next year, several sources familiar with the situation told Reuters.

Lockheed Martin UK says wins $1 billion contract for new tanks

Reuters UK Business News - 8 hours 29 min ago
LONDON (Reuters) - Lockheed Martin UK, the British unit of the U.S. defence company , said it won a $1 billion (789,340 pounds) contract from General Dynamics UK to provide turrets for the new SCOUT specialist vehicle ordered by Britain's armed forces.

Britain closer to sale of RBS shares

Reuters UK Business News - 8 hours 42 min ago
LONDON (Reuters) - Britain is closer to selling part of its stake in Royal Bank of Scotland after seeing growing appetite for the bank's shares from financial institutions and it could offer some of the stock to private retail investors.

EU fines JPMorgan, UBS, Credit Suisse total 94 million euros

Reuters UK Business News - 8 hours 48 min ago
BRUSSELS (Reuters) - The European Commission fined JPMorgan , UBS and Credit Suisse a total of 94 million euros (74.21 million pounds) on Tuesday for taking part in cartels in the financial sector.

Council puts bus station up for grabs

Newmarket Journal - 9 hours 12 min ago

Forest Heath District Council is attempting to make up some of the £1.1 million worth of savings it has to make next year by marketing a bus station.

Categories: Local Press

Records tumble at Tattersalls

Newmarket Journal - 9 hours 14 min ago

Records tumbled on the on the final day of Tattersalls premier yearling sale which saw the most expensive yearling sold in the world this year.

Categories: Local Press

Swift project helps village scoop conservation award

Newmarket Journal - 9 hours 16 min ago

Villagers in Worlington have been celebrating after the village picked up a major conservation award.

Categories: Local Press

Spain's credit card scandal sparks corruption backlash

Reuters UK Business News - 9 hours 16 min ago
MADRID (Reuters) - Two days before he quit in May 2012 as chairman of Bankia -- the lender then on the verge of Spain's costliest ever bailout -- Rodrigo Rato took out 1,000 euros (804.49 pounds) in cash on a company credit card.

Lottery windfall for historic St Mary’s

Newmarket Journal - 9 hours 19 min ago

An historic Newmarket church is set to receive a grant of more than £97,000 to replace a roof in urgent need of repair.

Categories: Local Press

Apple seen riding higher on strong iPhone demand, iPad rebound

Reuters UK Business News - 9 hours 20 min ago
(Reuters) - Strong global demand for Apple Inc's iPhone 6 will drive revenue growth through 2015, while updated models should help reverse three straight quarters of declining iPad sales, analysts said.

Lufthansa pilots threaten more strikes as long haul hit

Reuters UK Business News - 9 hours 27 min ago
FRANKFURT/BERLIN (Reuters) - Lufthansa pilots threatened to call further strikes this week after the latest stoppage in a dispute over retirement benefits grounded two-thirds of its flights on Tuesday.

HSBC boss says EU banker bonus cap a 'retrograde' step

Reuters UK Business News - 9 hours 30 min ago
LONDON (Reuters) - European rules to cap bankers' bonuses at twice fixed pay are "a retrograde step" that could add to difficulty in recruiting staff to the industry, the head of Europe's biggest bank HSBC said on Tuesday.

Rising UK borrowing leaves no room for pre-election sweeteners

Reuters UK Business News - 9 hours 40 min ago
LONDON (Reuters) - British government borrowing rose more than 10 percent in the first half of the financial year, giving Chancellor George Osborne little scope to offer sweeteners to voters before a parliamentary election in May.

Exclusive: EU to fine JPMorgan, UBS, Credit Suisse over Swiss franc Libor rigging

Reuters UK Business News - 9 hours 40 min ago
BRUSSELS (Reuters) - European Union antitrust regulators are set to fine JPMorgan , UBS and Credit Suisse collectively over $115 million (71.8 million pounds) for rigging Swiss franc Libor benchmark interest rates, a person familiar with the matter told Reuters.

EU can't let austerity override investment - Austria's Faymann

Reuters UK Business News - 10 hours 40 min ago
VIENNA (Reuters) - The European Union cannot afford to let fiscal belt-tightening halt investment needed to spur slowing economies, Austria's leader said on Tuesday, setting up a clash with Brussels over Austria's 2015 budget deficit target.