P&G to sell soap brands Camay and Zest to Unilever

Reuters UK Business News - 1 hour 50 min ago
(Reuters) - Procter & Gamble Co said it would sell its soap brands Camay and Zest to Unilever Plc for an undisclosed amount to focus on its faster-growing brands.

Alstom to pay record $772 million to settle bribery charges with U.S

Reuters UK Business News - 2 hours 3 min ago
WASHINGTON (Reuters) - The French power and transportation company Alstom will pay a record $772.3 million (495 million pound) fine and plead guilty to settle U.S. criminal charges that it funneled million of dollars in bribes through sham consultants to win business around the globe.

TripAdvisor fined in Italy for misleading reviews

Reuters UK Business News - 2 hours 42 min ago
MILAN (Reuters) - Italy's competition watchdog has fined travel website TripAdvisor 500,000 euros ($613,000) for publishing misleading information in its reviews, it said on Monday.

Gucci says to strengthen supplier checks after TV allegations

Reuters UK Business News - 2 hours 50 min ago
MILAN (Reuters) - Italian fashion house Gucci said on Monday it would strengthen controls on its suppliers after a television programme said that Chinese workers assembling its handbags in Italy were working more than three times their contracted hours.

Oil slides after Saudi's Naimi says OPEC won't cut output

Reuters UK Business News - 3 hours 15 min ago
NEW YORK (Reuters) - Oil prices resumed their downward march on Monday, doubling back on the biggest one-day gain in over two years, after Saudi Arabia's powerful oil minister said OPEC would not cut production at any price.

Ex-minister Kudrin warns of 'full-fledged crisis' in Russia

Reuters UK Business News - 3 hours 15 min ago
MOSCOW (Reuters) - Russia's government has pushed the country into an economic crisis by not tackling its financial problems fast enough, former finance minister Alexei Kudrin said on Monday, as evidence mounted of trouble spreading through the economy.

Russia starting to backslide on world trade pledges -U.S.

Reuters UK Business News - 3 hours 21 min ago
WASHINGTON (Reuters) - Russia is starting to backslide on its commitments to become a fully-fledged member of the global economy and trading community, the United States' trade office said on Monday.

Loan losses fears put more pressure on Monte dei Paschi

Reuters UK Business News - 3 hours 36 min ago
MILAN (Reuters) - Fears of big writedowns on poorly performing loans piled more pressure on shares in Banca Monte dei Paschi di Siena which dropped 6 percent on Monday, adding to concerns about the Italian bank's weak balance sheet.

Tesco masterplan? New boss keeps investors and staff guessing

Reuters UK Business News - 3 hours 42 min ago
LONDON (Reuters) - When Phil Clarke was sacked as Tesco's CEO, senior executives hoped his 0700 strategy meetings would go with him. They did - new boss Dave Lewis starts his at 0630.

FRC to investigate Tesco accounts and auditor PwC

Reuters UK Business News - 3 hours 42 min ago
LONDON (Reuters) - Britain's accounting watchdog has launched an inquiry into the preparation, approval and audit of Tesco's accounts over the last four years, including the role of external auditor PwC [PWC.UL].

CNP Assurances sells to Barclays its stake in BVP for $555 million

Reuters UK Business News - 4 hours 6 min ago
PARIS (Reuters) - CNP Assurances said on Monday it was selling to Barclays Bank its 50 percent stake in CNP Barclays Vida Y Pensiones (CNP BVP), for 453 million euros (356 million pounds) including a special dividend.

Lilly must divest Sentinel products after FTC nod on Novartis deal

Reuters UK Business News - 4 hours 16 min ago
WASHINGTON (Reuters) - Eli Lilly and Co has won approval to buy Novartis AG's animal health unit on condition that it divests its Sentinel line of products for treating heartworm in dogs, the Federal Trade Commission said on Monday.

Shares higher on year-end buying, European energy boost

Reuters UK Business News - 4 hours 32 min ago
NEW YORK (Reuters) - Equity markets worldwide edged higher on Monday after European energy shares rose, even as oil prices remained volatile.

Rosneft expansion thwarted by U.S. veto on Morgan Stanley deal

Reuters UK Business News - 4 hours 48 min ago
MOSCOW (Reuters) - The ambitions of Kremlin-controlled oil champion Rosneft to boost its global reach have been reined in by U.S. authorities, which torpedoed its acquisition of a Morgan Stanley oil trading business .

Police release CCTV after shopping bags are stolen in Newmarket

Newmarket Journal - 5 hours 3 min ago

Police release CCTV after shopping bags are stolen in Newmarket

Categories: Local Press

UK adds to Alstom's legal woes as power unit faces bribe charge

Reuters UK Business News - 5 hours 4 min ago
LONDON/PARIS (Reuters) - Britain's Serious Fraud Office (SFO) has charged a British subsidiary of French energy equipment firm Alstom with bribing officials to secure a power contract, making it the second Alstom unit to face UK charges this year.

GM gets 104 more claims for faulty ignition switch compensation

Reuters UK Business News - 5 hours 30 min ago
(Reuters) - General Motors Co has received 104 claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 2,430, according to the official administering the compensation programme.

Former Cambs police sergeant jailed for 14 and half a years for rape, indecency with a child, and other sexual offences

Ely Standard - 5 hours 35 min ago

A Cambridgeshire police sergeant who admitted three counts of rape and 10 other serious sexual offences, was today jailed for 14 and a half years.

Categories: Local Press

Euro zone consumer confidence rises in December

Reuters UK Business News - 6 hours 11 min ago
BRUSSELS (Reuters) - Euro zone consumer confidence edged 0.6 points higher in December, a flash estimate from the European Commission showed on Monday.

Basel watchdog wants standardised assessment of banks' capital

Reuters UK Business News - 6 hours 35 min ago
LONDON (Reuters) - Global regulators have outlined measures to ensure capital held by banks does not fall below a certain level and to adopt a more consistent approach across the industry to measuring risk.