Jessops brand sold to Peter Jones
Administrators PwC confirm that they have sold the brand of High Street photographic firm Jessops to entrepreneur Peter Jones......
Banks pay for 'swap' mis-selling
Four banks are to compensate tens of thousands of small businesses who were mis-sold complex insurance products, says the Financial Services Authority......
'Major failures' over rail deal
The collapse of the West Coast Main Line franchise deal was the result of "irresponsible decisions" and "major failures", says an MPs' report......
HMV announces 190 redundancies
Administrators for music and DVD retailer HMV announce 190 job losses, but say all outlets remain open......
Congress extends US debt limit
The US Congress extends the nation's borrowing limit until the middle of May, setting the stage for yet another fiscal fight in the spring......
Boeing defends Dreamliner battery
Boeing backs the battery used in the Dreamliner after Japanese airlines say they changed a number of them over the past few months......
US attempts to block beer merger
The US Justice Department says a planned merger of the Budweiser and Corona beer brewers would stifle competition......
Premier League signs new TV deal
The Premier League awards live audio visual broadcast rights for the 23 nation Middle East and North Africa region to media agency MP & Silva......
London Market Report
London's main stock market ends the day down, but ends the month with its strongest January performance since 1998......
Deutsche Bank reports heavy loss
Deutsche Bank reports a surprise 2.2bn-euro loss in the fourth quarter of 2012 after writing off investments and setting aside money for likely litigation......
Last-minute dash for tax deadline
More than 1.3 million tax payers have still to file their online tax returns by the end of Thursday, under the self-assessment system......
US incomes jump ahead of tax rise
US personal incomes jumped 2.6% in December, the biggest rise since 2004, official data indicates, as investors sought to beat a New Year tax rise......
Tax chiefs hit back at criticism
Tax chiefs at the Big Four accountancy firms defend themselves against claims they are behind tax avoidance schemes that damage the UK's interests......
Ryanair loses EU ash cloud case
The EU's top court says Ryanair should have fully compensated a passenger whose flight was cancelled because of the volcanic ash cloud in 2010......
German December retail sales fall
Retail sales in Germany fell sharply in December, while French consumer spending remained subdued, official data indicates......
Spanish party denies slush fund
Spain's ruling conservatives deny allegations that Prime Minister Mariano Rajoy and others benefited from secret party accounts......
SA tycoon donates half his wealth
South Africa's richest black man, mining magnate Patrice Motsepe, announces he is giving away half his wealth to improve the lives of the poor......
'Concern' over first-time buyers
A lack of first-time house buyers in the UK is a "cause for concern", the Nationwide says as it reports that prices in January were unchanged from a year earlier......
'Millions' face council tax rise
Millions of the poorest households in England face a rise in council tax from April because of benefit changes coming into force, a report says......
Annuity sales to be probed by FSA
The way annuities are sold is to be investigated by the City regulator, the Financial Services Authority......
Poland troubled by EU aid freeze
Polish officials voice dismay over an EU freeze on nearly 1bn euros (859m) of funding for Polish road projects, amid suspicions of fraud......
'No sell-off' for public forests
The government has announced that it will not sell off publicly owned forests in England......
Philippines beats growth target
The Philippines posts better-than-expected growth boosted by a strong performance of the country's services sector......
Shell profits hit by weak prices
Annual profits at oil giant Royal Dutch Shell fall, but the company says it is progressing despite "headwinds"......
Faroe strikes gas in Norwegian Sea
Aberdeen-based Faroe Petroleum uncovers a "significant" gas discovery at its Rodriguez exploration well in the Norwegian Sea......
IT firm plans 2,000 apprentices
The international IT giant, Microsoft, unveils an ambition to recruit more than 2,000 new apprentices in Scotland......
Ryder Cup plan 'unacceptable'
Plans to recruit 1,800 volunteers to work at the Ryder Cup are branded "unacceptable" by the Scottish TUC......
Cycling gets 62m funding boost
The government announces more than 60m of investment in facilities for cyclists in England......
VIDEO: Final staff leave Comet's head office
The last remaining staff have left Comet's Hull business centre, having helped administrators wind-up the company......
VIDEO: Ryanair ruling 'completely unfair'
Ryanair boss Michael O'Leary has said a European Court ruling over compensation for passengers stranded by cancelled flights is "completely unfair"......
VIDEO: 'Massive increase' in apprenticeships
More than 500,000 people started an apprenticeship in the year from 2011 to 2012 - an increase of 14% according to the government......
VIDEO: EU is 'a job destruction machine'
The business world has been debating whether David Cameron's promise to renegotiate the UK's relationship with Europe, and set a date for a referendum - is a good move for Britain......
VIDEO: Tax avoidance like 'David and Goliath'
The chairwoman of the Public Accounts Committee, Margaret Hodge, has said it is very difficult to define what is illegal tax evasion......
VIDEO: Housing market 'starting to pick-up'
UK house prices increased by 0.5% in January, with the average price of a home now 162,000 according to the Nationwide......
VIDEO: 'Millions face council tax rise'
Millions of the poorest households face council tax rises because most councils in England will pass on a 10% cut in funding from April, research suggests......
VIDEO: Banks to compensate for 'swap' mis-selling
Banks must compensate thousands of small businesses who were mis-sold complex loan insurance, the Financial Services Authority says......
Renting and sharing: The business of the future
Are we outgrowing our obsession with material goods?.....
The benefits system and you
How to claim your financial entitlements.....
Ireland presses EU for debt deal
Dublin presses EU to reduce debt owed on loans to bail out banks.....
Chinese brands tap Hollywood in quest to go global
Chinese brands tap Hollywood in quest to go global.....
Blackberry 10 underpins revival hope
Will BB10 smartphones revive RIM's fortunes?.....
What's trending for Super Bowl ads
JAn 31 - Super Bowl advertisers will have one eye on the game- and one on their second screens, monitoring Twitter and other social media to see how they score with fans at the big game. Bobbi Rebell reports......
U.S. Day Ahead: Jobs look ugly but there's a silver lining
poll. That won't be enough to put a dent in unemployment, but the economy could be reaching a tipping point......
Techquity: Zuckerberg channels Bezos, Qualcomm jumps
Jan 31 - Facebook CEO Mark Zuckerberg sounds like Amazon CEO Jeff Bezos as he focuses on firm's long-term future, while Qualcomm's shares leap higher......
Daily Digit: 2.6% income jump
Jan. 31 - U.S. personal income rose 2.6% in December, the biggest gain in eight years. Bobbi Rebell reports......
Corruption scandal turns up heat on Rajoy
Jan.31 - Spain's ruling People's Party has denied that Prime Minister Mariano Rajoy and other leaders received payments from a slush fund after a newspaper published what it said were secret party accounts. Ciara Sutton reports.....
Breakingviews: Deficits do matter
Jan 31 - Richard Beales and Agnes T. Crane discuss Illinois's budget troubles, its postponed bond issue and what the lessons are for the federal government in Washington......
Trading at Noon: U.S. DOJ files suit to halt Modelo deal
Jan. 31 - The U.S. DOJ filed suit to stop Anheuser-Busch InBev's $20 bln takeover of Grupo Modelo, saying pricing would suffer for U.S. consumers......
ECONOMY 2013: Despite weak economy, Tag CEO optimistic
Jan. 21 - Despite shrinking fourth-quarter economic growth and a drop in consumer confidence, Tag Heuer's North America CEO is optimistic about the company's double-digit sales growth in the U.S......
Europe Day Ahead: US Non-farms payrolls to rise?
Jan. 31 - A look ahead to the key events on Friday 1st February: Non-farm payrolls and PMIs, more bad news expected for euro zone jobs & earnings season continues with Spanish bank, BBVA......
Shell's surprise profit drop
Anglo-Dutch oil giant Shell's quarterly profit for the final quarter of 2012 missed expectations, as the company stuggles to replace its oil and gas reserves as it pushes ahead with plans to produce more. Andrew Potter reports.....
Deutsche Bank 2.6bln euro Q4 loss shocks
Germany's biggest lender surprised investors by posting a 2.6 billion euro ($3.5 billion) net loss in the fourth quarter of 2012, due to legal and restructuring charges. Spain's Santander saw its full year profits drop more than forecast, but investo.....
3XSQ: Facebook underwhelms, so does EA
Jan 31 - Facebook doubled its mobile advertising revenue in the fourth quarter and Electronic Arts slashes 2013 outlook as industry struggles......
Flashy clam is disco king of the ocean
Jan. 31 - Researchers at Berkeley University are trying to understand how a little-known species of clam reflects light so efficiently. The scientists say that unlocking the flashy secrets of the so-called 'disco clam' could lead to new reflective te.....
Ericsson eyes next-gen network boost
Jan. 31 - Ericsson earnings are seen heading higher as countries begin installing next-generation phone networks......
Largest Greek orphanage faces closure
Jan. 31 - Greece's oldest and largest orphanage and school for mentally disabled children fears it may have to close following drastic budget cuts. Ciara Sutton reports......
Diageo price rises offset weaker Europe
Jan. 31 - Diageo, the world's biggest spirits group, reported steady sales growth in the second half of 2012, driven by price rises and the growth in the United States of premium brands like Ketel One vodka and Bulleit Bourbon. Hayley Platt reports......
Reuters Breakingviews: Deutsche Bank's revamp yet to convince
Breakingviews.....
Economy 2013: Dividend jack up is no gamble says Shell CEO
Shell CEO Peter Voser says raising dividends despite missing earnings forecasts is not a gamble as investments are showing results......
Latin America lifts spirits for Diageo
Jan. 31 - Strong sales in Latin America are expected to boost earnings at Diageo, the world's number one distiller......
Is Japan's rally for real? 3 things investors should watch
Jan. 31 - As Japan's earnings season kicks into high gear, a few key factors will signal whether investors' recent optimism about the country's struggling corporate powerhouses is warranted. Yonggi Kang reports......
Reuters Today: Achtung investors Deutsche Bank Q4 loss
Jan. 31 - Deutsche Bank plunges to a 2.6 billion euro loss hurt by impairments. Santander and Shell miss estimates......
U.S. Morning Call: UPS posts Q4 loss, sees 2013 profit up
Jan. 31 - United Parcel Service reported a net loss in the fourth quarter after a $3 billion one-time charge from pension accounting, and forecast that 2013 earnings would rise 6 percent to 12 percent......
Sports Spread: Six Nations Preview
Jan. 31 - A look at the weekend's key sporting action including the start of rugby union's Six Nations. Plus Man City v Liverpool & Newcastle v Chelsea in the Premier League......
Facebook finds a friend in advertisers
Jan. 30 - Summary of business headlines: Ad gains lift Facebook above forecasts; BlackBerry gets new devices and name; Boeing keeps full-year target; Fed signals slowdown as economy shrinks in fourth quarter. Conway G. Gittens reports......
Market Pulse: Euro banking union? United in gloomy Q4
Jan. 31 - Markets distinctly unimpressed by Q4 results from banking giants Deutsche and Santander. Plus a bumper month for the euro and credit, and something you dont hear too often these days on Spanish bonds......
FTSE 100 returns to 1989 with strong January performance
The blue-chip index saw its strongest start to a year since 1989.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/281c4357/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/15598.....
Talvivaara falls after Goldman Sachs says 'sell'
The broker warned investors the miner will need to sell shares.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/281c1420/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1559844.....
FTSE 100 has best January since 1989
The FTSE 100 has enjoyed its strongest start to a year in almost a quarter of a century, adding 96bn to the value of London's blue-chip companies over the course of January.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/.....
SSE: energy reform doubts are holding back investors
SSE put pressure on the Government over its progress on energy reform, warning that "uncertainty" over policy was "continuing to have an impact on investment decision making".<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/.....
We're in the Arctic for the long term, Shell insists, despite risk to 2013 drilling plans
Royal Dutch Shell is in the Arctic for the long term, insisted chief executive Peter Voser, despite casting doubt over the company's 2013 Alaskan drilling plans and warning he could not rule out further "incidents" after a series of mishaps.<img w.....
'Catastrophic' EU exit would leave City defenceless against regulatory attack
European regulators have the means to shut down key parts of London's financial centre at a stroke if Britain left the European Union and would not hesitate to do so, leading central bank experts have warned.<img width='1' height='1' src='http://t.....
It is in banks' interest to show they are prepared to reform
A "Polo mint deal" is how one swap victim described the Financial Services Authority's agreement with high street banks over the mis-selling of interest rate hedging products.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/.....
Diageo to hit target early as emerging market sales boom
Drinks giant Diageo will hit its target of generating half of its revenue from fast-growing emerging markets in 2013, two years early, amid booming sales in Africa, Asia and Latin America.<img width='1' height='1' src='http://telegraph.feedsportal.....
The British high street is already reinventing itself
HMV, a chaotic festive period for Marks & Spencer and the horsemeat scandal. While the FTSE 100 may have surged in January, the mood in the retail industry has been far more subdued.<img width='1' height='1' src='http://telegraph.feedsportal.c.....
Try to see economic opportunity in our current difficulties
Blood-curdling warnings about our financial predicament are wrong, says Jeremy Warner<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/281c1422/mf.gif' border='0'/>.....
Try to see the opportunity in our difficulty
Blood-curdling warnings about our financial predicament are wrong, says Jeremy Warner<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/281b61d8/mf.gif' border='0'/><br/><br/><a href="http://da.fee.....
Labour: Small firms need a 'British Investment Bank'
Ed Balls, the shadow chancellor, and Chuka Umunna, shadow business secretary, call for a state backed bank to boost finance to small and medium-sized businesses.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/281.....
BCC: 'Give us a bigger and bolder lender'
BCC and Labour to create a blueprint for a 'British Investment Bank'.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/281b61da/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1.....
National Express hits out as Great Western franchise scrapped
National Express has accused the Government of "gross negligence" and wasting 10m of its shareholders' money after the bidding competition for the prestigious Great Western rail franchise was scrapped.<img width='1' height='1' src='http://telegrap.....
Seymour Pierce holds crisis talks to stave off administration
The board of Seymour Pierce held crisis talks on Thursday to try to prevent the 130-year-old broker from falling into administration.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/281aabd2/mf.gif' border='0'/>.....
Big Four accountacy firms should be excluded, says PAC
The chairman of the Public Accounts Committee (PAC) has called for the Big Four accountancy firms to be barred from working for the Government while they continue to help companies "avoid paying their fair share" of UK tax.<img width='1' height='1.....
Spanish newspaper designer Cases to open in London
One of Spain's leading design firms, Cases i Associats, is to open a London office as a hub for further international expansion.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/281aa97d/mf.gif' border='0'/><.....
HMV staffer claims responsibility for tweeting mass sacking
A former employee at HMV tonight claimed responsibility for using its official Twitter feed to "live tweet" her and others' mass firing.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/281c195b/mf.gif' border='0'/.....
HMV staff tweet their own mass sacking
Staff at HMV staged an online protest at the collapse of the retailer by using its official Twitter feed to "live tweet" their own mass firing.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2819d6ff/mf.gif' bord.....
B&Q owner Kingfisher puts Irish arm into rescue process
The owner of the DIY retailer B&Q has put its struggling Irish arm into a rescue process in a last-ditch effort to keep the business going.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/281a9cc1/mf.gif' bord.....
US Justice Department sues to block $20bn AB InBev takeover of Mexican brewer Gruope Modelo
US competition regulators have filed suit to block the $20bn (12.6bn) takeover of Mexico's Grupo Modelo by Anheuser-Busch InBev, the world's largest brewer.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2819e7c4.....
Big Four accountancy firms deny 'playing an illegitimate game' on tax and tell MPs they benefit Britain
Bosses from Britain's "Big Four" accountancy firms were accused by MPs on Thursday of "playing an illegitimate game" when it comes to advising companies on their tax affairs.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f.....
Big Four 'playing an illegitimate game' on tax advice, top accountants told in grilling by MPs
Bosses from Britain's "Big Four" accountancy firms were accused by MPs on Thursday of "playing an illegitimate game" when it comes to advising companies on their tax affairs.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f.....
German police hunt 'Cookie Monster' over theft of gold biscuit
'Cookie monster' says Bahlsen will not see golden cookie again unless it gives biscuits to hospital.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/281b61dc/mf.gif' border='0'/>.....
German biscuit firm's golden cookie held to ransom
'Cookie monster' says Bahlsen will not see golden cookie again unless it gives biscuits to hospital.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2819d6fe/mf.gif' border='0'/><br/><br/><a href.....
Thursday, 31 January 2013
Wednesday, 30 January 2013
UK Financial News on 2013-01-30
US economy in surprise downturn
The US economy unexpectedly shrank at an annualised rate of 0.1% in the fourth quarter of 2012, official figures indicate......
UK petrol market 'working well'
The OFT says petrol and diesel competition is working well in the UK but motoring organisations are unhappy with the findings......
Facebook's profits drop sharply
Facebook reports a sharp drop in profits, partly due to increased spending on research and development......
US interest rates kept on hold
The Federal Reserve confirms it will keep interest rates at near-zero at least until the US jobless rate falls below 6.5%......
Barclays 'ignored pay warnings'
Ex-Barclays boss Bob Diamond was "reluctant" to agree that pay at the bank was too high, a former employee tells a Parliamentary commission......
Spanish economic decline worsens
Spain's economic downturn worsened in the last three months of 2012, official data indicates, while across the eurozone retail sales continued to fall......
Mortgage approvals pick up again
The number of mortgages agreed by lenders for home buyers has risen for the fifth month in a row, figures from the Bank of England show......
UK first to get Blackberry 10 phone
The first handsets to be powered by the new Blackberry 10 operating system are unveiled in New York. The UK is first to get the touchscreen Z10......
Boeing reports record revenues
Boeing says its revenues in the last quarter of 2012 reached a record $22bn, just before its flagship Dreamliner was grounded due to a battery fault......
BP record $4bn penalty approved
A US court approves the biggest criminal fine in US history given to British oil giant BP as part of a settlement related to the fatal 2010 Deepwater Horizon disaster......
Tesco drops supplier over horsemeat
Tesco drops supplier Silvercrest for using meat that was not from "approved suppliers", after horse DNA was found in the supermarket chain's value burgers......
Zimbabwe 'had $217 in account'
Zimbabwe's Finance Minister Tendai Biti says that the country only had $217 (138) left in its public account last week after paying civil servants......
H&M profits fall on higher costs
Fashion retailer Hennes & Mauritz (H&M) blames higher costs and investment in new brand & Other Stories for its falling three month profits......
Mothercare Australia collapses
The Australian version of Mothercare enters into administration, sending shares in London down 2.8%......
Shell 'happy' over Dutch verdict
A Dutch court rejects four out of five allegations against Anglo-Dutch oil giant Shell over oil pollution in Nigeria's Niger Delta region......
Japan firms 'changed' 787 battery
Japan's two top airlines say they replaced a number of batteries in the 787 Dreamliners over the past months......
Call for soft-drink sugar tax
Leading medical bodies and charities are calling for a levy on sugary drinks to be included in this year's Budget......
Mortgage lending set to increase
Wales' biggest building society sets out plans to boost mortgage lending by 50% over the next five years as it reports a steady year in profit......
House prices 'see 2012 pick-up'
House prices in England and Wales rose by 1.7% in 2012 - driven by rising values in London, the Land Registry says......
PPI complaints 'at 11,000 a week'
A record level of 11,000 complaints a week about mis-sold Payment Protection Insurance (PPI) were made to an ombudsman between October and December......
Boards need more women, Cable says
The business secretary seeks to turn up the pressure by writing to the seven FTSE 100 firms with no women on their boards, to ask what they are doing to increase diversity......
US housing recovery gains steam
The rebound in US house prices gained momentum in November, but consumer confidence in the country took a hit in January, data suggests......
Israel central bank chief resigns
Stanley Fischer, the governor of the Bank of Israel, is to step down on 30 June, two years before his term is due to end......
Amazon announces lower profits
The online retailer Amazon has announced a fall in quarterly profits, despite an increase in revenues during the period......
Nintendo cuts Wii sales forecast
Nintendo cuts its sales forecast for its Wii-U and other consoles, but still expects to make a profit for the year to March thanks to the weaker yen......
US judge rejects Apple's demand
A US judge rejects Apple's demand to increase the damages from Samsung's patent infringement to more than the $1.05bn awarded......
Cycling gets 62m funding boost
The government announces more than 60m of investment in facilities for cyclists in England......
MPs tell football it must reform
English football is told to introduce reforms within the next year or expect the government to bring in legislation......
Online growth boosts William Hill
Britain's biggest bookmaker William Hill predicts better-than-expected full year results after reporting strong growth in its online business......
VIDEO: Attitudes to fuel in Belgium and Venezuela
The BBC's Matthew Price and Sarah Grainger compare the attitudes to and costs of fuel in Belgium and Venezuela......
VIDEO: Blackberry 10 TimeShift and BB Balance
The first two handsets powered by the new Blackberry 10 operating system have been unveiled, at a launch event in central London......
VIDEO: Petrol market working, says OFT
There is no need to investigate the UK petrol and diesel market a report by the Office of Fair Trading has found......
VIDEO: The 'nuclear hotline' economist
Economist Tim Harford tells an assembled audience the story of Thomas Schelling, an economist who helped America and the Soviet Union to avoid nuclear war......
VIDEO: Cumbria votes on nuclear waste store
Three councils in Cumbria are due to vote on whether to continue with plans for a 12bn underground storage facility for nuclear waste......
AUDIO: Could brand sponsors affect landmarks?
The Italian fashion house Fendi has announced it is to sponsor the Trevi Fountain in Rome, and is looking at sponsoring others, too......
VIDEO: Tesco drop supplier over horsemeat
Meat in Tesco burgers which was found to contain horse DNA did not come from a list of "approved suppliers", the supermarket chain has claimed......
AUDIO: Benefits on pre-paid cards?
A report published today has proposed that state benefits be paid onto pre-paid cards which preclude spending on non-essential items......
The benefits system and you
How to claim your financial entitlements.....
Ireland presses EU for debt deal
Dublin presses EU to reduce debt owed on loans to bail out banks.....
Chinese brands tap Hollywood in quest to go global
Chinese brands tap Hollywood in quest to go global.....
Blackberry 10 underpins revival hope
Will BB10 smartphones revive RIM's fortunes?.....
U.S. Day Ahead: FB stabilizes after tumbling post results
Jan. 30 - Facebook investors give a knee-jerk reaction to the company's results, despite its revenue growing at a better-than-expected 40%......
Saft says: Fed surprising no one by keeping rates on hold
columnist James Saft says the Fed did as expected by saying highly accommodative policy will remain for considerable time after asset purchase program ends and economy strengthens......
Daily Digit: 15% drop in govt spending
Jan. 30 - A 15 percent drop in federal government spending leads the U.S. economy to its first contraction since the 2007-09 recession. Conway G. Gittens reports......
How the Fed built a $3 trillion balance sheet
The Federal Reserves amazing asset accumulation was spurred by the financial crisis but it continues to this day. Heres how Ben Bernanke & Co. filled the central banks coffers with bonds. Next stop: $4 trillion......
Reuters Right Now: Fed eyes Sandy for shrinking Q4 GDP
Fed Correspondent Pedro Da Costa......
Techquity: Amazon scores, Blackberry squashed
Jan 30 - Amazon jumps after strong results while Research in Motion slips as its launches new Blackberry......
EU freezes Polish road funding over fraud
Jan. 30 - Warsaw calls the European Union decision to freeze about 890 million euros in aid earmarked for building Polish roads, "completely incomprehensible" because of a suspected fraud by contractors. Ciara Sutton reports......
Trading at Noon: RIM no more, it's all about Blackberry
Jan 30 - Shares of RIMM are falling after it renamed itself Blakcberry, hoping for a fresh start......
Breakingviews: Amazon and bananas
Jan 30 - Jeffrey Goldfarb talks to Breakingviews columnists about the head-scratching discrepancy between the way investors are looking at Amazon and Apple......
Wealth Strategies: GDP's drop shouldn't rattle investors
Jan 30 - Wells Fargo's Ann Miletti says that she's not worried about owning slower-growth companies like grocery chain Kroger, as long as there is an opportunity to buy the stocks at a discount......
RIM changes name, unveils BlackBerry 10 in comeback bid
Jan. 30 - BlackBerry-maker Research in Motion CEO Thorsten Heins announces the company's new name while launching its new BlackBerry 10 devices. Rough Cut (no reporter narration)......
Europe Day Ahead: Earnings Galore
Jan. 30 - A look at Thursdays key events including a raft of corporate results from Deutsche Bank, Santander, Shell, Ericsson, Diageo and LVMH......
FACTBOX: U.S. economy unexpectedly shrinks
Jan. 30 - Investors and analyst are caught off guard as the economy contracts in the fourth-quarter against all estimates......
3XSQ: GDP contracts 0.1% on tepid inventories
Jan 30 - The economy unexpectedly contracted in the fourth quarter, suffering its first decline since the recession ended more than three years ago......
Shell partly responsible for Nigeria spills
Jan. 30 - A Dutch court rules that Royal Dutch Shell can be held partially responsible for pollution in the Niger Delta in southern Nigeria, saying the company should have prevented sabotage at one of its facilities. Ciara Sutton reports......
Daily Digit: Spain's recession deepens
Jan. 30 - Spain's GDP shrunk by 0.7 percent in the fourth quarter of 2012, it's sixth straight quarter of contraction, as unemployment soars. Hayley Platt reports......
India rate cut "a step in the right direction"
India's finance minister says he welcomes the decision by the country's central bank to lower its key policy rate on Tuesday. Rough Cut (no reporter narration)......
U.S. Morning Call: Boeing earnings beat forecasts
Jan 30 - Boeing's earnings per share for the fourth quarter came in above estimates, but revenues just missed forecasts at $22.3 billion......
No global currency war yet: Indian finance minister
Jan. 30 - Indian Finance Minister Palaniappan Chidambaram says its too early to talk of an FX war, but if any countries follow Japan and depreciate their currencies, Indias exports will be badly hurt......
Reuters Breakingviews: Bank of Italy didn't push hard enough on MPS
The scandal at Italys third largest bank Monte dei Paschi threatens the Bank of Italy and its former governor and current ECB chief Mario Draghi.....
BlackBerry: Don't call it a comeback ... yet
Jan. 30 - Its been tough watching the old champ waste away to just a shadow of its former glory. But BlackBerry-maker RIM is plotting a comeback, and it might gain some traction with its newest models......
Reuters Today - Earnings bonanza. Spain GDP falls. BB10 out
Roche delivers a cautious outlook. H&M results disappoint. Spains economy shrinks again in the fourth quarter. Plus, RIM launches the Blackberry 10......
Microsoft cuts Office cord
Jan 29 - Microsoft launches its Office 365 software for consumers, with constant updates and online access to documents as the software giant attempts to fine-tune its lucrative software for the mobile age. Conway G. Gittens reports......
Microsoft's new Office is a necessary refresh - analyst
Jan. 29 - With competition breathing down its neck, Microsoft had to come out with new Office, says Norman Young, senior equity analyst with Morningstar. But the product is still just an update. Conway G. Gittens reports......
Earnings drive Amazon to record high
Jan 29 - Summary of business headlines: Amazon reports highest profit margin in years, Ford and Pfizer beat forecasts, Microsoft's new Office software launches, consumer confidence drops. Bobbi Rebell reports......
Blackrock takes 8pc stake in Manchester United
Investment firm buys 3.3m shares in football club, giving it an 8pc stake.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28122948/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.co.....
Facebook sales jump 40pc to $1.59bn
Facebook has reported fourth-quarter sales of $1.59bn (1bn), as the social network learned to translate the rapid growth in smartphone users into revenue.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2811ea2f/m.....
Italy risks political crisis as MPS bank scandal turns 'explosive'
Italian magistrates investigating losses at Banca Monte dei Paschi say the mushrooming scandal has taken a dramatic turn.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2811e7ce/mf.gif' border='0'/><br/>.....
US economy has 'paused', says Federal Reserve
The Federal Reserve left its ultra-loose monetary policy unchanged on Wednesday, saying the US economy had "paused" in recent months largely due to transitory issues.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/.....
David Cameron is right on EU, says Bundesbank's Jens Weidmann
Bundesbank President Jens Weidmann has said David Cameron is right to push for the EU to be more open and competitive.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28119aee/mf.gif' border='0'/><br/><.....
EU must be more competitive, says Bundesbank's Jens Weidmann
Bundesbank President Jens Weidmann has agreed with David Cameron that the EU must be more open and competitive.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28115c7f/mf.gif' border='0'/>.....
No one can afford to ignore the smartphone revolution
The juggernaut growth of smartphones marks a major opportunity for businesses to capitalise on changing consumer habits - whether they are Shoreditch technology start-ups launching new apps or established businesses using the devices to learn more ab.....
Shrinking European car market hits Johnson Matthey
Airbag and wiper problems have led to the recall by the Japanese giant.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2810bf05/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r.....
Facebook sales set to jump 34pc to $1.52bn
Facebook was expected to report fourth-quarter sales of $1.52bn (960bn) on Wednesday evening, as the social network learned to translate the rapid growth in smartphone users into revenue.<img width='1' height='1' src='http://telegraph.feedsportal......
Boeing: solving Dreamliner problem is top priority for 2013
Boeing said its top priority for 2013 would be to resolve the safety concerns plaguing its Dreamliner fleet of 787 aircraft, but gave no guidance on when that might be.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56830.....
Europe's car market: not dead yet
Airbag and wiper problems have led to the recall by the Japanese giant.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2810bf0b/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r.....
Smartphone surge hits Nintendo and Canon
Nintendo slashes sales forecasts while profits tumble at Canon.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2810bbba/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1559843.....
Enjoy the stock market rally while it lasts
Stock markets have been surging, but for how much longer can they defy gravity, given evident constraints on growth and the run of disappointing economic indicators and earnings updates?<img width='1' height='1' src='http://telegraph.feedsportal.c.....
Oil services companies hit by Saipem warning
Petrofac, John Wood Group and Amec all lost ground today.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2810bbbd/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/155984381179/.....
Mortgage lending 'at strongest since crisis'
Lending in the housing market is at its healthiest since the financial crisis, according to economists.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2810b96c/mf.gif' border='0'/><br/><br/><a h.....
Barclays former pay boss said Bob Diamond should have got 'zero bonus'
Barclays former pay boss urged the bank to give Bob Diamond "zero bonus" but was over-ruled by the rest of the board, the Commission on Banking Standards has been told.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56830.....
Alison Carnwath wanted 'zero bonus' for Bob Diamond
Barclays former pay boss urged the bank to give Bob Diamond "zero bonus" but was over-ruled by the rest of the board, the Commission on Banking Standards has been told.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56830.....
10 best money saving apps
Whether you own a smartphone or tablet these apps may make a difference to your wallet.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/280e8864/mf.gif' border='0'/><br/><br/><a href="http://da.f.....
Chart: How tax on petrol has soared
OFT report concludes petrol price rises due to fast-rising taxes.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2810b1c3/mf.gif' border='0'/>.....
Mothercare Australia collapses into administration
The Australian arm of Mothercare has collapsed into administration on a day of upheaval for the baby clothing and equipment retailer that also saw its UK managing director depart.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32.....
H&M profits fall as it invests in battle with Inditex
H&M has suffered a setback in the battle between the two biggest clothing retailers in the world after its profits fell in the final quarter of its financial year.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300.....
Alison Carnwath wanted 'no bonus' for Bob Diamond
Bob Diamond, the former Barclays chief executive, should have received no bonus for 2011 according to the woman who oversaw executive pay at the bank.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/280f91a8/mf.gi.....
WWF to launch mobile network
Network pledges 10pc of revenues to WWF's conservation work.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/280e8867/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1559843408.....
Boeing sees no significant hit from Dreamliner
Boeing posted stronger-than-expected profit on Wednesday as its backlog of orders rose, and said its 2013 forecast assumed no significant impact from the grounding of its 787 Dreamliner jet by regulators.<img width='1' height='1' src='http://teleg.....
Shock 0.1pc decline in US growth: reaction
The US economy unexpectedly contracted 0.1pc in the fourth quarter, suffering its first decline since the 2007-09 recession as businesses scaled back on restocking and government spending plunged. This is how economists reacted:<img width='1' heig.....
The US economy unexpectedly shrank at an annualised rate of 0.1% in the fourth quarter of 2012, official figures indicate......
UK petrol market 'working well'
The OFT says petrol and diesel competition is working well in the UK but motoring organisations are unhappy with the findings......
Facebook's profits drop sharply
Facebook reports a sharp drop in profits, partly due to increased spending on research and development......
US interest rates kept on hold
The Federal Reserve confirms it will keep interest rates at near-zero at least until the US jobless rate falls below 6.5%......
Barclays 'ignored pay warnings'
Ex-Barclays boss Bob Diamond was "reluctant" to agree that pay at the bank was too high, a former employee tells a Parliamentary commission......
Spanish economic decline worsens
Spain's economic downturn worsened in the last three months of 2012, official data indicates, while across the eurozone retail sales continued to fall......
Mortgage approvals pick up again
The number of mortgages agreed by lenders for home buyers has risen for the fifth month in a row, figures from the Bank of England show......
UK first to get Blackberry 10 phone
The first handsets to be powered by the new Blackberry 10 operating system are unveiled in New York. The UK is first to get the touchscreen Z10......
Boeing reports record revenues
Boeing says its revenues in the last quarter of 2012 reached a record $22bn, just before its flagship Dreamliner was grounded due to a battery fault......
BP record $4bn penalty approved
A US court approves the biggest criminal fine in US history given to British oil giant BP as part of a settlement related to the fatal 2010 Deepwater Horizon disaster......
Tesco drops supplier over horsemeat
Tesco drops supplier Silvercrest for using meat that was not from "approved suppliers", after horse DNA was found in the supermarket chain's value burgers......
Zimbabwe 'had $217 in account'
Zimbabwe's Finance Minister Tendai Biti says that the country only had $217 (138) left in its public account last week after paying civil servants......
H&M profits fall on higher costs
Fashion retailer Hennes & Mauritz (H&M) blames higher costs and investment in new brand & Other Stories for its falling three month profits......
Mothercare Australia collapses
The Australian version of Mothercare enters into administration, sending shares in London down 2.8%......
Shell 'happy' over Dutch verdict
A Dutch court rejects four out of five allegations against Anglo-Dutch oil giant Shell over oil pollution in Nigeria's Niger Delta region......
Japan firms 'changed' 787 battery
Japan's two top airlines say they replaced a number of batteries in the 787 Dreamliners over the past months......
Call for soft-drink sugar tax
Leading medical bodies and charities are calling for a levy on sugary drinks to be included in this year's Budget......
Mortgage lending set to increase
Wales' biggest building society sets out plans to boost mortgage lending by 50% over the next five years as it reports a steady year in profit......
House prices 'see 2012 pick-up'
House prices in England and Wales rose by 1.7% in 2012 - driven by rising values in London, the Land Registry says......
PPI complaints 'at 11,000 a week'
A record level of 11,000 complaints a week about mis-sold Payment Protection Insurance (PPI) were made to an ombudsman between October and December......
Boards need more women, Cable says
The business secretary seeks to turn up the pressure by writing to the seven FTSE 100 firms with no women on their boards, to ask what they are doing to increase diversity......
US housing recovery gains steam
The rebound in US house prices gained momentum in November, but consumer confidence in the country took a hit in January, data suggests......
Israel central bank chief resigns
Stanley Fischer, the governor of the Bank of Israel, is to step down on 30 June, two years before his term is due to end......
Amazon announces lower profits
The online retailer Amazon has announced a fall in quarterly profits, despite an increase in revenues during the period......
Nintendo cuts Wii sales forecast
Nintendo cuts its sales forecast for its Wii-U and other consoles, but still expects to make a profit for the year to March thanks to the weaker yen......
US judge rejects Apple's demand
A US judge rejects Apple's demand to increase the damages from Samsung's patent infringement to more than the $1.05bn awarded......
Cycling gets 62m funding boost
The government announces more than 60m of investment in facilities for cyclists in England......
MPs tell football it must reform
English football is told to introduce reforms within the next year or expect the government to bring in legislation......
Online growth boosts William Hill
Britain's biggest bookmaker William Hill predicts better-than-expected full year results after reporting strong growth in its online business......
VIDEO: Attitudes to fuel in Belgium and Venezuela
The BBC's Matthew Price and Sarah Grainger compare the attitudes to and costs of fuel in Belgium and Venezuela......
VIDEO: Blackberry 10 TimeShift and BB Balance
The first two handsets powered by the new Blackberry 10 operating system have been unveiled, at a launch event in central London......
VIDEO: Petrol market working, says OFT
There is no need to investigate the UK petrol and diesel market a report by the Office of Fair Trading has found......
VIDEO: The 'nuclear hotline' economist
Economist Tim Harford tells an assembled audience the story of Thomas Schelling, an economist who helped America and the Soviet Union to avoid nuclear war......
VIDEO: Cumbria votes on nuclear waste store
Three councils in Cumbria are due to vote on whether to continue with plans for a 12bn underground storage facility for nuclear waste......
AUDIO: Could brand sponsors affect landmarks?
The Italian fashion house Fendi has announced it is to sponsor the Trevi Fountain in Rome, and is looking at sponsoring others, too......
VIDEO: Tesco drop supplier over horsemeat
Meat in Tesco burgers which was found to contain horse DNA did not come from a list of "approved suppliers", the supermarket chain has claimed......
AUDIO: Benefits on pre-paid cards?
A report published today has proposed that state benefits be paid onto pre-paid cards which preclude spending on non-essential items......
The benefits system and you
How to claim your financial entitlements.....
Ireland presses EU for debt deal
Dublin presses EU to reduce debt owed on loans to bail out banks.....
Chinese brands tap Hollywood in quest to go global
Chinese brands tap Hollywood in quest to go global.....
Blackberry 10 underpins revival hope
Will BB10 smartphones revive RIM's fortunes?.....
U.S. Day Ahead: FB stabilizes after tumbling post results
Jan. 30 - Facebook investors give a knee-jerk reaction to the company's results, despite its revenue growing at a better-than-expected 40%......
Saft says: Fed surprising no one by keeping rates on hold
columnist James Saft says the Fed did as expected by saying highly accommodative policy will remain for considerable time after asset purchase program ends and economy strengthens......
Daily Digit: 15% drop in govt spending
Jan. 30 - A 15 percent drop in federal government spending leads the U.S. economy to its first contraction since the 2007-09 recession. Conway G. Gittens reports......
How the Fed built a $3 trillion balance sheet
The Federal Reserves amazing asset accumulation was spurred by the financial crisis but it continues to this day. Heres how Ben Bernanke & Co. filled the central banks coffers with bonds. Next stop: $4 trillion......
Reuters Right Now: Fed eyes Sandy for shrinking Q4 GDP
Fed Correspondent Pedro Da Costa......
Techquity: Amazon scores, Blackberry squashed
Jan 30 - Amazon jumps after strong results while Research in Motion slips as its launches new Blackberry......
EU freezes Polish road funding over fraud
Jan. 30 - Warsaw calls the European Union decision to freeze about 890 million euros in aid earmarked for building Polish roads, "completely incomprehensible" because of a suspected fraud by contractors. Ciara Sutton reports......
Trading at Noon: RIM no more, it's all about Blackberry
Jan 30 - Shares of RIMM are falling after it renamed itself Blakcberry, hoping for a fresh start......
Breakingviews: Amazon and bananas
Jan 30 - Jeffrey Goldfarb talks to Breakingviews columnists about the head-scratching discrepancy between the way investors are looking at Amazon and Apple......
Wealth Strategies: GDP's drop shouldn't rattle investors
Jan 30 - Wells Fargo's Ann Miletti says that she's not worried about owning slower-growth companies like grocery chain Kroger, as long as there is an opportunity to buy the stocks at a discount......
RIM changes name, unveils BlackBerry 10 in comeback bid
Jan. 30 - BlackBerry-maker Research in Motion CEO Thorsten Heins announces the company's new name while launching its new BlackBerry 10 devices. Rough Cut (no reporter narration)......
Europe Day Ahead: Earnings Galore
Jan. 30 - A look at Thursdays key events including a raft of corporate results from Deutsche Bank, Santander, Shell, Ericsson, Diageo and LVMH......
FACTBOX: U.S. economy unexpectedly shrinks
Jan. 30 - Investors and analyst are caught off guard as the economy contracts in the fourth-quarter against all estimates......
3XSQ: GDP contracts 0.1% on tepid inventories
Jan 30 - The economy unexpectedly contracted in the fourth quarter, suffering its first decline since the recession ended more than three years ago......
Shell partly responsible for Nigeria spills
Jan. 30 - A Dutch court rules that Royal Dutch Shell can be held partially responsible for pollution in the Niger Delta in southern Nigeria, saying the company should have prevented sabotage at one of its facilities. Ciara Sutton reports......
Daily Digit: Spain's recession deepens
Jan. 30 - Spain's GDP shrunk by 0.7 percent in the fourth quarter of 2012, it's sixth straight quarter of contraction, as unemployment soars. Hayley Platt reports......
India rate cut "a step in the right direction"
India's finance minister says he welcomes the decision by the country's central bank to lower its key policy rate on Tuesday. Rough Cut (no reporter narration)......
U.S. Morning Call: Boeing earnings beat forecasts
Jan 30 - Boeing's earnings per share for the fourth quarter came in above estimates, but revenues just missed forecasts at $22.3 billion......
No global currency war yet: Indian finance minister
Jan. 30 - Indian Finance Minister Palaniappan Chidambaram says its too early to talk of an FX war, but if any countries follow Japan and depreciate their currencies, Indias exports will be badly hurt......
Reuters Breakingviews: Bank of Italy didn't push hard enough on MPS
The scandal at Italys third largest bank Monte dei Paschi threatens the Bank of Italy and its former governor and current ECB chief Mario Draghi.....
BlackBerry: Don't call it a comeback ... yet
Jan. 30 - Its been tough watching the old champ waste away to just a shadow of its former glory. But BlackBerry-maker RIM is plotting a comeback, and it might gain some traction with its newest models......
Reuters Today - Earnings bonanza. Spain GDP falls. BB10 out
Roche delivers a cautious outlook. H&M results disappoint. Spains economy shrinks again in the fourth quarter. Plus, RIM launches the Blackberry 10......
Microsoft cuts Office cord
Jan 29 - Microsoft launches its Office 365 software for consumers, with constant updates and online access to documents as the software giant attempts to fine-tune its lucrative software for the mobile age. Conway G. Gittens reports......
Microsoft's new Office is a necessary refresh - analyst
Jan. 29 - With competition breathing down its neck, Microsoft had to come out with new Office, says Norman Young, senior equity analyst with Morningstar. But the product is still just an update. Conway G. Gittens reports......
Earnings drive Amazon to record high
Jan 29 - Summary of business headlines: Amazon reports highest profit margin in years, Ford and Pfizer beat forecasts, Microsoft's new Office software launches, consumer confidence drops. Bobbi Rebell reports......
Blackrock takes 8pc stake in Manchester United
Investment firm buys 3.3m shares in football club, giving it an 8pc stake.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28122948/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.co.....
Facebook sales jump 40pc to $1.59bn
Facebook has reported fourth-quarter sales of $1.59bn (1bn), as the social network learned to translate the rapid growth in smartphone users into revenue.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2811ea2f/m.....
Italy risks political crisis as MPS bank scandal turns 'explosive'
Italian magistrates investigating losses at Banca Monte dei Paschi say the mushrooming scandal has taken a dramatic turn.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2811e7ce/mf.gif' border='0'/><br/>.....
US economy has 'paused', says Federal Reserve
The Federal Reserve left its ultra-loose monetary policy unchanged on Wednesday, saying the US economy had "paused" in recent months largely due to transitory issues.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/.....
David Cameron is right on EU, says Bundesbank's Jens Weidmann
Bundesbank President Jens Weidmann has said David Cameron is right to push for the EU to be more open and competitive.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28119aee/mf.gif' border='0'/><br/><.....
EU must be more competitive, says Bundesbank's Jens Weidmann
Bundesbank President Jens Weidmann has agreed with David Cameron that the EU must be more open and competitive.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28115c7f/mf.gif' border='0'/>.....
No one can afford to ignore the smartphone revolution
The juggernaut growth of smartphones marks a major opportunity for businesses to capitalise on changing consumer habits - whether they are Shoreditch technology start-ups launching new apps or established businesses using the devices to learn more ab.....
Shrinking European car market hits Johnson Matthey
Airbag and wiper problems have led to the recall by the Japanese giant.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2810bf05/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r.....
Facebook sales set to jump 34pc to $1.52bn
Facebook was expected to report fourth-quarter sales of $1.52bn (960bn) on Wednesday evening, as the social network learned to translate the rapid growth in smartphone users into revenue.<img width='1' height='1' src='http://telegraph.feedsportal......
Boeing: solving Dreamliner problem is top priority for 2013
Boeing said its top priority for 2013 would be to resolve the safety concerns plaguing its Dreamliner fleet of 787 aircraft, but gave no guidance on when that might be.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56830.....
Europe's car market: not dead yet
Airbag and wiper problems have led to the recall by the Japanese giant.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2810bf0b/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r.....
Smartphone surge hits Nintendo and Canon
Nintendo slashes sales forecasts while profits tumble at Canon.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2810bbba/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1559843.....
Enjoy the stock market rally while it lasts
Stock markets have been surging, but for how much longer can they defy gravity, given evident constraints on growth and the run of disappointing economic indicators and earnings updates?<img width='1' height='1' src='http://telegraph.feedsportal.c.....
Oil services companies hit by Saipem warning
Petrofac, John Wood Group and Amec all lost ground today.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2810bbbd/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/155984381179/.....
Mortgage lending 'at strongest since crisis'
Lending in the housing market is at its healthiest since the financial crisis, according to economists.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2810b96c/mf.gif' border='0'/><br/><br/><a h.....
Barclays former pay boss said Bob Diamond should have got 'zero bonus'
Barclays former pay boss urged the bank to give Bob Diamond "zero bonus" but was over-ruled by the rest of the board, the Commission on Banking Standards has been told.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56830.....
Alison Carnwath wanted 'zero bonus' for Bob Diamond
Barclays former pay boss urged the bank to give Bob Diamond "zero bonus" but was over-ruled by the rest of the board, the Commission on Banking Standards has been told.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56830.....
10 best money saving apps
Whether you own a smartphone or tablet these apps may make a difference to your wallet.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/280e8864/mf.gif' border='0'/><br/><br/><a href="http://da.f.....
Chart: How tax on petrol has soared
OFT report concludes petrol price rises due to fast-rising taxes.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2810b1c3/mf.gif' border='0'/>.....
Mothercare Australia collapses into administration
The Australian arm of Mothercare has collapsed into administration on a day of upheaval for the baby clothing and equipment retailer that also saw its UK managing director depart.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32.....
H&M profits fall as it invests in battle with Inditex
H&M has suffered a setback in the battle between the two biggest clothing retailers in the world after its profits fell in the final quarter of its financial year.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300.....
Alison Carnwath wanted 'no bonus' for Bob Diamond
Bob Diamond, the former Barclays chief executive, should have received no bonus for 2011 according to the woman who oversaw executive pay at the bank.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/280f91a8/mf.gi.....
WWF to launch mobile network
Network pledges 10pc of revenues to WWF's conservation work.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/280e8867/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1559843408.....
Boeing sees no significant hit from Dreamliner
Boeing posted stronger-than-expected profit on Wednesday as its backlog of orders rose, and said its 2013 forecast assumed no significant impact from the grounding of its 787 Dreamliner jet by regulators.<img width='1' height='1' src='http://teleg.....
Shock 0.1pc decline in US growth: reaction
The US economy unexpectedly contracted 0.1pc in the fourth quarter, suffering its first decline since the 2007-09 recession as businesses scaled back on restocking and government spending plunged. This is how economists reacted:<img width='1' heig.....
Tuesday, 29 January 2013
UK Financial News on 2013-01-29
Pension schemes slash allocations to UK equities
Quantitative easing and super-low bond yields result in a record number of final-salary closures.....
Hasenstabs huge Irish debt bet raises bond managers eyebrows
Bond managers suggest Franklin Templeton's Michael Hasenstab's large holding of Irish government bonds has moved the market.....
Gap grows between bonus haves and have-noughts
A polarisation has emerged at the biggest investment banks over the structure and distribution of bonus payouts, according to bankers and headhunters.....
Haldanes accounting cover may cost 15bn
Latest loan cover and provision estimates are in the Bank of England's latest Financial Stability Report.....
Turkish bourses star shines as Cyprus hits a wall
The Istanbul Menkul Kiymetler Borsasi was the highest growth stock market in 2012.....
Numis directors decide to waive bonuses
The heads of Numis have decided to waive their annual bonuses for a second year in a row.....
Nearly half of large UK firms foreign-owned
Data trend is good news for London as a financial centre.....
Petrol market study due from OFT
A study into the competitiveness of the UK petrol and diesel market is due to be published by the Office of Fair Trading on Wednesday.......
BP record $4bn penalty approved
A US court approves the biggest criminal fine in US history given to British oil giant BP as part of a settlement related to the fatal 2010 Deepwater Horizon disaster......
Amazon announces lower profits
The online retailer Amazon has announced a fall in quarterly profits, despite an increase in revenues during the period......
Catalonia asks Spain for 9bn euros
The independence-minded region of Catalonia asks the Spanish central government for an extra 9bn euros (7.7bn) in bailout money......
Ford shares down on Europe losses
Shares in Ford fall, despite the US carmaker reporting strong profits for the last three months, as problems in its European business continue to mount......
IT firm goes into administration
More than 300 people are made redundant after a Berkshire-based IT firm goes into administration......
House prices 'see 2012 pick-up'
House prices in England and Wales rose by 1.7% in 2012 - driven by rising values in London, the Land Registry says......
Peugeot job cuts halted by court
A court in France suspends a restructuring plan by Peugeot Citroen involving 8,000 job cuts, saying the carmaker did not consult workers properly......
US housing recovery gains steam
The rebound in US house prices gained momentum in November, however consumer confidence in the country took a hit in January, new data suggests......
France denies state 'bankruptcy'
France's politicians defend the state of its economy after Labour Minister Michel Sapin described the state as "totally bankrupt"......
Spanish shops have weak Christmas
Spain's retail sales fall for the 30th month in a row as the nation continues to suffer a deep recession and high unemployment, official data shows......
Israel central bank chief resigns
Stanley Fischer, the governor of the Bank of Israel, is to step down on 30 June, two years before his term is due to end......
PPI complaints 'at 11,000 a week'
A record level of 11,000 complaints a week about mis-sold Payment Protection Insurance (PPI) were made to an ombudsman between October and December......
Philips to exit hi-fis and video
Dutch consumer electronics giant Philips is to sell off its home entertainment business, including hi-fis and DVD players, to Japan's Funai Electric......
Anglo American writes off $4bn
Mining group Anglo American says it is taking a $4bn (2.5bn) writedown after a review of costs at its Minas-Rio iron ore project in Brazil......
QE 'raising firms' pension costs'
Companies are having to fill pension deficits resulting from the Bank of England's policy of quantitative easing (QE) instead of growing their business, MPs are told......
London Market Report
Royal Bank of Scotland shares fall as the FTSE 100 flirts with the 6,300 level.....
VIDEO: Societe Generale boss: EU view
Societe Generale chief Frederic Oudea tells the BBC's Tanya Beckett. that governments across the eurozone need more co-ordination to ensure a strong rebound in economic growth in 2013......
Call for soft-drink sugar tax
Leading medical bodies and charities are calling for a levy on sugary drinks to be included in this year's Budget......
Career warning about social media
Recruiters across the UK say young people are risking employment opportunities because of what they post on social media......
'Two budgets' should end, MPs say
The Treasury should re-assert the primacy of the Budget and downgrade the significance of the Autumn Statement, MPs say......
Nursery changes 'to raise quality'
Nurseries and childminders in England are to be allowed to look after more children, in a package ministers say will improve quality and cut costs......
Green Deal loans scheme launched
The government offers householders in England and Wales long-term loans to help make their homes more energy efficient and reduce bills......
Greek minister eyes 2014 recovery
Greece's finance minister is optimistic about his country coming out of recession by the end of 2013 and says chances of a euro exit are "very small"......
India rates cut after nine months
India cuts its main interest rate for the first time in nine months in an attempt to revive economic growth......
Burma gets $952m in fresh loans
The Asian Development Bank (ADB) and the World Bank approve fresh loans for Burma to aid the social and economic development of the country......
Yahoo sees small rise in revenues
Yahoo shares rise in after-the-bell trading after revenues grow for the fourth quarter of 2012......
Online growth boosts William Hill
Britain's biggest bookmaker William Hill predicts better-than-expected full year results after reporting strong growth in its online business......
BrewDog plans overseas expansion
Scotland's largest independent brewery, Fraserburgh-based BrewDog, unveils plans to open its first bars abroad......
MPs tell football it must reform
English football is told to introduce reforms within the next year or expect the government to bring in legislation......
SPL clubs content with shake-up
Scottish Premier League clubs back proposals for two divisions of 12 and one of 18......
John Williams to be PGMOL chairman
Former Blackburn chairman John Williams is to succeed Peter Heard as chairman of Professional Game Match Officials Limited......
VIDEO: Google funds Raspberry Pi computers
Some 15,000 Raspberry Pi microcomputers are to be donated to schools around the UK by Google as part of a push to improve computer science skills......
VIDEO: Nigella's Frome dress a hit in US
A small Somerset shop has found itself in the international spotlight thanks to television chef Nigella Lawson......
AUDIO: Breakfast cereal market 'changing'
Tony the Tiger, the character that advertised Frosties, has been around for more than 60 years but Kellogg's has not spent a penny on traditional advertising for the brand since 2010......
VIDEO: Ford shares down on Europe losses
Shares in Ford have fallen 3.9% in early Wall Street trading on the rising cost of fixing its European business......
VIDEO: 'Record rail passenger satisfaction'
Rail passengers have reported record levels of satisfaction with train services in the UK, according to Passenger Focus......
VIDEO: Can 'mindfulness' increase profits?
In amongst all the talk of boosting the global economy at the World Economic Forum in Davos, something called 'mindfulness' crept on to the programme for the first time......
VIDEO: Eden Project job cuts 'due to Olympics'
Up to 70 jobs are under threat at Cornwall's Eden Project, in part because of the Olympic's effect on tourism, its chief executive has said......
AUDIO: Austerity: has it really been tried?
Andrew Lilico, a director of the consultancy Europe Economics, questions whether there has actually been any austerity in Britain......
Chinese brands tap Hollywood in quest to go global
Chinese brands tap Hollywood in quest to go global.....
British tennis aims to serve up more aces
Selling tennis to the British public and sponsors.....
Wonga goes international
The money lender is growing abroad and at home.....
Christmas shop boom creates returns headache
Why Christmas sales can be a retailer's burden.....
Pinball tables offer new tricks
Is pinball about to stage a comeback?.....
U.S. Day Ahead: Boeing faces investors over 787 nightmare
Jan. 29 - When Boeing reports results, investors are likely to ask Chief Executive Jim McNerney about the costs of fixing the grounded Dreamliners......
Techquity: Mobile moves from Apple, Microsoft; VMware weak
Jan 29 - Apple and Microsoft announce new products while VMware gives a cautious outlook......
Daily Digit: 4% extra for charging
Jan. 29 - U.S. retailers in many states are allowed to add a surcharge of up to 4% on credit card transactions. Bobbi Rebell reports......
Breakingviews: Hess could be more
Jan 29 - When it comes to U.S. energy patch governance, Hess is the latest villain. Breakingviews columnists discuss the oil explorer's strategic blunders and cozy board, and how Elliott Management could help shake the company up......
Trading at Noon: Amazon below its 'prime' before results
Jan 29 - Shares of Amazon are falling today as the retail juggernaut braces for earnings after the bell......
French workers protest Renault job cuts
Hundreds of Renault employees blockaded a plant near Paris to protest against job cuts at the French carmaker. The walkout came as negotiations with unions resumed at Renault and Peugeot-Citroen. Joel Flynn reports.....
Europe Day Ahead: Les miserables less miserable
Jan. 29 - Euro zone sentiment indexes are forecast to head in the right direction tomorrow while still remaining at low levels. Earnings from H&M and Fiat may both show how far the recovery has to run......
Financial crisis talk puts consumer confidence at risk - Fast Forward
Consumer News editor. (January 25, 2013).....
Europe's periphery back in investment zone
Jan. 29 - Money is flowing back into the euro zone's peripheral countries, as investors believe the ECB is behind the market, and their fears about the crisis are easing. Ciara Sutton reports.....
"Sad day" as Philips exits home entertainment
Jan. 29 - Philips is getting out of the shrinking home entertainment sector, after agreeing to sell its audio and video business to Japan's Funai Electric Co for 150 million euros. The Dutch group's CEO Frans van Houten says they will focus on their .....
Wealth Strategies: Housing market not "off to the races"
Jan. 29 - Despite rising home prices and rising residential construction and sales, Yale economics professor Robert Shiller says we haven't begun another housing boom and that prices are at the right level now......
3XSQ: Apple announces new version of the 4G iPad
Jan 29 - Apple announced a 128 gigabyte version of the fourth generation tablet with Retina display......
Market Pulse: RBS Libor deal near, Philips shares jump
Libor scandal RBS is close to a 500 mln settlement with U.S. and British authorities, say the WSJ. Philips shares jump on its outlook and divestment. Anglo American takes a $4 bln writedown......
Breakingviews: Currency wars not worth It
Jan. 29 - Is monetary and fiscal stimulus a weapon for hurting rival nations? It depends who you ask, says Breakingviews......
China the promised land? Not for Goldman Sachs
Jan. 29 - Goldman has made great returns on the stake in Chinese bank ICBC it bought in 2006. But with limited market access and little prospect of change, the firm is slowly stepping back. Jon Gordon reports......
FACTBOX: China's video game industry waits for consol-ation
Jan. 29 - China's video gaming industry has thrived despite the shadow of a decade-plus government ban on consoles -- and now there's talk the restriction may be lifted......
Reuters Today: Philips ends home entertainment, Egypt flares
Jan. 29 - Philips expects sales to be slow but pick up in the second half. The Dutch electronics, lighting and health equipment giant has quit its AV business after exiting its tv business last year......
Reuters Today: Philips ends home entertainment, Egypt flares
Jan. 29 - Philips expects sales to be slow but pick up in the second half. The Dutch electronics, lighting and health equipment giant has quit its AV business after exiting its tv business last year......
ECONOMY 2013: Sad day for Philips says CEO
Jan. 29 - Philips CEO Frans van Houten says exiting its heritage audio/visual business is sad but hes happy now to focus on growth in healthcare......
ECONOMY 2013: Sad day for Philips says CEO
Philips CEO Frans van Houten says exiting its heritage audio/visual business is sad but hes happy now to focus on growth in healthcare......
U.S. Morning Call: Ford, Pfizer beat earnings expectations
Jan 29 - Ford Motors posted higher-than-expected Q4 profit on the strength of its North American operations; Pfizer also beat the Street......
Israeli tech dials up new insights on callers
Technology Correspondent Matt Cowan reports.....
Yahoo sees minor success with search
Jan 28 - Summary of business headlines: Yahoo quarterly results top forecasts as paid clicks and search revenue climb; Apple regains most valuable company status; Caterpillar takes big fraud-related charge but stock still rallies. Conway G. Gittens r.....
Better economy may not benefit retail
Jan. 28 - Different outlooks are emerging within corporate America. Optimism is increasing for most businesses, but retailers are concerned that consumers may be wary about the economy. Bobbi Rebell reports......
U.S. Day Ahead: Two wildcards in Amazons earnings
Jan. 28 - When Amazon reports results, investors want more clues about costs such as Kindle sales and how much a California sales tax hurt revenues in the online giants crucial holiday season......
Britain failing to address 'burdensome' Chinese visa rules
Britain is scoring an "own goal" by failing to address its "uncompetitive and burdensome" visas for Chinese visitors, which is costing the economy 1.2bn a year, it is claimed.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/.....
3i rises as activist investor eyes shares
Sherborne Investors has bought shares in the listed buy-out group.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2806e638/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1559.....
BT misses out as FTSE 100 climbs
The telecoms group fell while the wider market advanced 0.7pc.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2806e1d0/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/15598434.....
EU exit threatens 'standard of living', says Pimco chief Mohamed El-Erian
Britain risks seeing its standard of living hit if it leaves the European Union, according to Mohamed El-Erian, the head of the world's largest bond fund.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2806e1d2/m.....
Spain's crisis strategy under fire as economy buckles again
Spain's economy has tipped into an accelerating downturn as sales data and the money supply flash serious warnings, calling into question Madrid's high-risk strategy of refusing an EU-IMF rescue.<img width='1' height='1' src='http://telegraph.feed.....
The Inland Revenue is about to get even more taxing
The Inland Revenue has picked the worst time to burden small businesses, says Philip Johnston<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2806e1d4/mf.gif' border='0'/><br/><br/><a href="http:.....
Carpetright's on a roll, but deeper problems lie in the way of recovery
Anyone looking for a spot of evidence on the ground to support this year's rip-roaring UK stock market will have latched on to Tuesday's figures from Carpetright.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28.....
Amazon set to reveal record trading in last quarter
Amazon's popularity with shoppers in Britain surged over the Christmas period, underlining the growing threat the online retailer poses to the UK high street.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2806a7.....
Tesco protects market share as pressure increases on Morrisons
New industry data shows that Britain's biggest retailer has maintained its market share for the first time in 18 months.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2806d783/mf.gif' border='0'/><br/>&.....
The Hut buys cycling retailer probikekit.com
The cycling retail boom driven by the success of the London 2012 Olympics has continued after The Hut Group, which is backed by Sir Stuart Rose and Sir Terry Leahy, acquired accessories business probikekit.com.<img width='1' height='1' src='http:/.....
Lovefilm calls on superheroes to fight against Netflix
Lovefilm users can now access TV episodes featuring Iron Man, X-Men.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2806379d/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/15.....
The UK needs an emergency Budget full of shocks
There is no attitude more shameful and debilitating than defeatism, as Britain learnt at great cost in the 1970s, when managing decline became our crumbling establishment's default strategy.<img width='1' height='1' src='http://telegraph.feedsport.....
Firms footing a 90bn pension bill over QE, MPs told
The Bank of England's stimulus efforts have blown a 90bn hole in pension funds' finances, forcing companies to divert cash towards plugging that gap rather than growing their business, MPs were told.<img width='1' height='1' src='http://telegraph......
British Airways and Twinings launch a high altitude tea
British Airways and Twinings launch a tea with an improved flavour at 35,000 feet.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28056258/mf.gif' border='0'/><br/><br/><a href="http://da.feedsp.....
Europe drags Ford down as losses in the region mount
Ford was dragged down by troubles in Europe last year and said 2013 would be tougher still with losses in the crisis-ridden region expected to rise to $2bn (1.3bn).<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/.....
Carpetright boosts hopes of economic recovery with sales rise
The flooring retailer Carpetright has boosted hopes of a recovery in consumer confidence in the UK after reporting a 3.2pc rise in like-for-like sales, its best performance for more than three years.<img width='1' height='1' src='http://telegraph......
Bumi chief exec warns against Nat Rothschild's plan
Vote down Nat Rothschild's plans for Bumi, the board of the troubled FTSE 250 miner urged shareholders, warning that his plan would lead to "stalemate, continued shareholder infighting and value destruction".<img width='1' height='1' src='http://t.....
Carpetright sales rise after revamp
Carpetright, Britain's biggest floor coverings retailer, posted a rise in third quarter sales in its home market as new ranges and improved stores helped trade.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2805.....
Europe mars Ford's best fourth quarter in a decade
Ford's best fourth-quarter profits in more than a decade were marred by huge losses in Europe and a warning from the carmaker that region's struggling economy could to lead to a further $2bn loss this year.<img width='1' height='1' src='http://tel.....
Terry Smith: 'We don't own bank shares and never will'
Terry Smith, the founder of Fundsmith, has told investors that his fund will "never" own shares in banks, which might be "bust" but for bail-outs from the authorities.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300.....
Terry Smith: 'We don't own banks and never will'
Terry Smith, the founder of Fundsmith, has told investors that his fund will "never" own shares in banks, which might be "bust" but for bail-outs from the authorities.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300.....
Britain will get US 'class action culture' under new compensation regime, CBI warns
Britain is at risk of falling prey to a damaging "class action" culture like America under plans to help consumers get compensation when they are ripped off, major businesses have warned.<img width='1' height='1' src='http://telegraph.feedsportal......
US house prices rise the most in six years
Case-Shiller 20-city home price index rose 5.5pc in November.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/280503f2/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/155984308.....
Anglo American takes $4bn hit over Brazil mine delay
Anglo American becomes the latest mining giant to write off billions of dollars in value, after delays at its Minas-Rio iron ore mining project in Brazil send costs soaring.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/.....
Harley-Davidson profit shy of Wall Street forecasts
Harley-Davidson reported fourth-quarter net income slightly below Wall Street estimates, as it shipped fewer motorcycles while phasing in new software control systems at its main US factories.<img width='1' height='1' src='http://telegraph.feedspo.....
Quantitative easing and super-low bond yields result in a record number of final-salary closures.....
Hasenstabs huge Irish debt bet raises bond managers eyebrows
Bond managers suggest Franklin Templeton's Michael Hasenstab's large holding of Irish government bonds has moved the market.....
Gap grows between bonus haves and have-noughts
A polarisation has emerged at the biggest investment banks over the structure and distribution of bonus payouts, according to bankers and headhunters.....
Haldanes accounting cover may cost 15bn
Latest loan cover and provision estimates are in the Bank of England's latest Financial Stability Report.....
Turkish bourses star shines as Cyprus hits a wall
The Istanbul Menkul Kiymetler Borsasi was the highest growth stock market in 2012.....
Numis directors decide to waive bonuses
The heads of Numis have decided to waive their annual bonuses for a second year in a row.....
Nearly half of large UK firms foreign-owned
Data trend is good news for London as a financial centre.....
Petrol market study due from OFT
A study into the competitiveness of the UK petrol and diesel market is due to be published by the Office of Fair Trading on Wednesday.......
BP record $4bn penalty approved
A US court approves the biggest criminal fine in US history given to British oil giant BP as part of a settlement related to the fatal 2010 Deepwater Horizon disaster......
Amazon announces lower profits
The online retailer Amazon has announced a fall in quarterly profits, despite an increase in revenues during the period......
Catalonia asks Spain for 9bn euros
The independence-minded region of Catalonia asks the Spanish central government for an extra 9bn euros (7.7bn) in bailout money......
Ford shares down on Europe losses
Shares in Ford fall, despite the US carmaker reporting strong profits for the last three months, as problems in its European business continue to mount......
IT firm goes into administration
More than 300 people are made redundant after a Berkshire-based IT firm goes into administration......
House prices 'see 2012 pick-up'
House prices in England and Wales rose by 1.7% in 2012 - driven by rising values in London, the Land Registry says......
Peugeot job cuts halted by court
A court in France suspends a restructuring plan by Peugeot Citroen involving 8,000 job cuts, saying the carmaker did not consult workers properly......
US housing recovery gains steam
The rebound in US house prices gained momentum in November, however consumer confidence in the country took a hit in January, new data suggests......
France denies state 'bankruptcy'
France's politicians defend the state of its economy after Labour Minister Michel Sapin described the state as "totally bankrupt"......
Spanish shops have weak Christmas
Spain's retail sales fall for the 30th month in a row as the nation continues to suffer a deep recession and high unemployment, official data shows......
Israel central bank chief resigns
Stanley Fischer, the governor of the Bank of Israel, is to step down on 30 June, two years before his term is due to end......
PPI complaints 'at 11,000 a week'
A record level of 11,000 complaints a week about mis-sold Payment Protection Insurance (PPI) were made to an ombudsman between October and December......
Philips to exit hi-fis and video
Dutch consumer electronics giant Philips is to sell off its home entertainment business, including hi-fis and DVD players, to Japan's Funai Electric......
Anglo American writes off $4bn
Mining group Anglo American says it is taking a $4bn (2.5bn) writedown after a review of costs at its Minas-Rio iron ore project in Brazil......
QE 'raising firms' pension costs'
Companies are having to fill pension deficits resulting from the Bank of England's policy of quantitative easing (QE) instead of growing their business, MPs are told......
London Market Report
Royal Bank of Scotland shares fall as the FTSE 100 flirts with the 6,300 level.....
VIDEO: Societe Generale boss: EU view
Societe Generale chief Frederic Oudea tells the BBC's Tanya Beckett. that governments across the eurozone need more co-ordination to ensure a strong rebound in economic growth in 2013......
Call for soft-drink sugar tax
Leading medical bodies and charities are calling for a levy on sugary drinks to be included in this year's Budget......
Career warning about social media
Recruiters across the UK say young people are risking employment opportunities because of what they post on social media......
'Two budgets' should end, MPs say
The Treasury should re-assert the primacy of the Budget and downgrade the significance of the Autumn Statement, MPs say......
Nursery changes 'to raise quality'
Nurseries and childminders in England are to be allowed to look after more children, in a package ministers say will improve quality and cut costs......
Green Deal loans scheme launched
The government offers householders in England and Wales long-term loans to help make their homes more energy efficient and reduce bills......
Greek minister eyes 2014 recovery
Greece's finance minister is optimistic about his country coming out of recession by the end of 2013 and says chances of a euro exit are "very small"......
India rates cut after nine months
India cuts its main interest rate for the first time in nine months in an attempt to revive economic growth......
Burma gets $952m in fresh loans
The Asian Development Bank (ADB) and the World Bank approve fresh loans for Burma to aid the social and economic development of the country......
Yahoo sees small rise in revenues
Yahoo shares rise in after-the-bell trading after revenues grow for the fourth quarter of 2012......
Online growth boosts William Hill
Britain's biggest bookmaker William Hill predicts better-than-expected full year results after reporting strong growth in its online business......
BrewDog plans overseas expansion
Scotland's largest independent brewery, Fraserburgh-based BrewDog, unveils plans to open its first bars abroad......
MPs tell football it must reform
English football is told to introduce reforms within the next year or expect the government to bring in legislation......
SPL clubs content with shake-up
Scottish Premier League clubs back proposals for two divisions of 12 and one of 18......
John Williams to be PGMOL chairman
Former Blackburn chairman John Williams is to succeed Peter Heard as chairman of Professional Game Match Officials Limited......
VIDEO: Google funds Raspberry Pi computers
Some 15,000 Raspberry Pi microcomputers are to be donated to schools around the UK by Google as part of a push to improve computer science skills......
VIDEO: Nigella's Frome dress a hit in US
A small Somerset shop has found itself in the international spotlight thanks to television chef Nigella Lawson......
AUDIO: Breakfast cereal market 'changing'
Tony the Tiger, the character that advertised Frosties, has been around for more than 60 years but Kellogg's has not spent a penny on traditional advertising for the brand since 2010......
VIDEO: Ford shares down on Europe losses
Shares in Ford have fallen 3.9% in early Wall Street trading on the rising cost of fixing its European business......
VIDEO: 'Record rail passenger satisfaction'
Rail passengers have reported record levels of satisfaction with train services in the UK, according to Passenger Focus......
VIDEO: Can 'mindfulness' increase profits?
In amongst all the talk of boosting the global economy at the World Economic Forum in Davos, something called 'mindfulness' crept on to the programme for the first time......
VIDEO: Eden Project job cuts 'due to Olympics'
Up to 70 jobs are under threat at Cornwall's Eden Project, in part because of the Olympic's effect on tourism, its chief executive has said......
AUDIO: Austerity: has it really been tried?
Andrew Lilico, a director of the consultancy Europe Economics, questions whether there has actually been any austerity in Britain......
Chinese brands tap Hollywood in quest to go global
Chinese brands tap Hollywood in quest to go global.....
British tennis aims to serve up more aces
Selling tennis to the British public and sponsors.....
Wonga goes international
The money lender is growing abroad and at home.....
Christmas shop boom creates returns headache
Why Christmas sales can be a retailer's burden.....
Pinball tables offer new tricks
Is pinball about to stage a comeback?.....
U.S. Day Ahead: Boeing faces investors over 787 nightmare
Jan. 29 - When Boeing reports results, investors are likely to ask Chief Executive Jim McNerney about the costs of fixing the grounded Dreamliners......
Techquity: Mobile moves from Apple, Microsoft; VMware weak
Jan 29 - Apple and Microsoft announce new products while VMware gives a cautious outlook......
Daily Digit: 4% extra for charging
Jan. 29 - U.S. retailers in many states are allowed to add a surcharge of up to 4% on credit card transactions. Bobbi Rebell reports......
Breakingviews: Hess could be more
Jan 29 - When it comes to U.S. energy patch governance, Hess is the latest villain. Breakingviews columnists discuss the oil explorer's strategic blunders and cozy board, and how Elliott Management could help shake the company up......
Trading at Noon: Amazon below its 'prime' before results
Jan 29 - Shares of Amazon are falling today as the retail juggernaut braces for earnings after the bell......
French workers protest Renault job cuts
Hundreds of Renault employees blockaded a plant near Paris to protest against job cuts at the French carmaker. The walkout came as negotiations with unions resumed at Renault and Peugeot-Citroen. Joel Flynn reports.....
Europe Day Ahead: Les miserables less miserable
Jan. 29 - Euro zone sentiment indexes are forecast to head in the right direction tomorrow while still remaining at low levels. Earnings from H&M and Fiat may both show how far the recovery has to run......
Financial crisis talk puts consumer confidence at risk - Fast Forward
Consumer News editor. (January 25, 2013).....
Europe's periphery back in investment zone
Jan. 29 - Money is flowing back into the euro zone's peripheral countries, as investors believe the ECB is behind the market, and their fears about the crisis are easing. Ciara Sutton reports.....
"Sad day" as Philips exits home entertainment
Jan. 29 - Philips is getting out of the shrinking home entertainment sector, after agreeing to sell its audio and video business to Japan's Funai Electric Co for 150 million euros. The Dutch group's CEO Frans van Houten says they will focus on their .....
Wealth Strategies: Housing market not "off to the races"
Jan. 29 - Despite rising home prices and rising residential construction and sales, Yale economics professor Robert Shiller says we haven't begun another housing boom and that prices are at the right level now......
3XSQ: Apple announces new version of the 4G iPad
Jan 29 - Apple announced a 128 gigabyte version of the fourth generation tablet with Retina display......
Market Pulse: RBS Libor deal near, Philips shares jump
Libor scandal RBS is close to a 500 mln settlement with U.S. and British authorities, say the WSJ. Philips shares jump on its outlook and divestment. Anglo American takes a $4 bln writedown......
Breakingviews: Currency wars not worth It
Jan. 29 - Is monetary and fiscal stimulus a weapon for hurting rival nations? It depends who you ask, says Breakingviews......
China the promised land? Not for Goldman Sachs
Jan. 29 - Goldman has made great returns on the stake in Chinese bank ICBC it bought in 2006. But with limited market access and little prospect of change, the firm is slowly stepping back. Jon Gordon reports......
FACTBOX: China's video game industry waits for consol-ation
Jan. 29 - China's video gaming industry has thrived despite the shadow of a decade-plus government ban on consoles -- and now there's talk the restriction may be lifted......
Reuters Today: Philips ends home entertainment, Egypt flares
Jan. 29 - Philips expects sales to be slow but pick up in the second half. The Dutch electronics, lighting and health equipment giant has quit its AV business after exiting its tv business last year......
Reuters Today: Philips ends home entertainment, Egypt flares
Jan. 29 - Philips expects sales to be slow but pick up in the second half. The Dutch electronics, lighting and health equipment giant has quit its AV business after exiting its tv business last year......
ECONOMY 2013: Sad day for Philips says CEO
Jan. 29 - Philips CEO Frans van Houten says exiting its heritage audio/visual business is sad but hes happy now to focus on growth in healthcare......
ECONOMY 2013: Sad day for Philips says CEO
Philips CEO Frans van Houten says exiting its heritage audio/visual business is sad but hes happy now to focus on growth in healthcare......
U.S. Morning Call: Ford, Pfizer beat earnings expectations
Jan 29 - Ford Motors posted higher-than-expected Q4 profit on the strength of its North American operations; Pfizer also beat the Street......
Israeli tech dials up new insights on callers
Technology Correspondent Matt Cowan reports.....
Yahoo sees minor success with search
Jan 28 - Summary of business headlines: Yahoo quarterly results top forecasts as paid clicks and search revenue climb; Apple regains most valuable company status; Caterpillar takes big fraud-related charge but stock still rallies. Conway G. Gittens r.....
Better economy may not benefit retail
Jan. 28 - Different outlooks are emerging within corporate America. Optimism is increasing for most businesses, but retailers are concerned that consumers may be wary about the economy. Bobbi Rebell reports......
U.S. Day Ahead: Two wildcards in Amazons earnings
Jan. 28 - When Amazon reports results, investors want more clues about costs such as Kindle sales and how much a California sales tax hurt revenues in the online giants crucial holiday season......
Britain failing to address 'burdensome' Chinese visa rules
Britain is scoring an "own goal" by failing to address its "uncompetitive and burdensome" visas for Chinese visitors, which is costing the economy 1.2bn a year, it is claimed.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/.....
3i rises as activist investor eyes shares
Sherborne Investors has bought shares in the listed buy-out group.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2806e638/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1559.....
BT misses out as FTSE 100 climbs
The telecoms group fell while the wider market advanced 0.7pc.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2806e1d0/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/15598434.....
EU exit threatens 'standard of living', says Pimco chief Mohamed El-Erian
Britain risks seeing its standard of living hit if it leaves the European Union, according to Mohamed El-Erian, the head of the world's largest bond fund.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2806e1d2/m.....
Spain's crisis strategy under fire as economy buckles again
Spain's economy has tipped into an accelerating downturn as sales data and the money supply flash serious warnings, calling into question Madrid's high-risk strategy of refusing an EU-IMF rescue.<img width='1' height='1' src='http://telegraph.feed.....
The Inland Revenue is about to get even more taxing
The Inland Revenue has picked the worst time to burden small businesses, says Philip Johnston<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2806e1d4/mf.gif' border='0'/><br/><br/><a href="http:.....
Carpetright's on a roll, but deeper problems lie in the way of recovery
Anyone looking for a spot of evidence on the ground to support this year's rip-roaring UK stock market will have latched on to Tuesday's figures from Carpetright.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28.....
Amazon set to reveal record trading in last quarter
Amazon's popularity with shoppers in Britain surged over the Christmas period, underlining the growing threat the online retailer poses to the UK high street.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2806a7.....
Tesco protects market share as pressure increases on Morrisons
New industry data shows that Britain's biggest retailer has maintained its market share for the first time in 18 months.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2806d783/mf.gif' border='0'/><br/>&.....
The Hut buys cycling retailer probikekit.com
The cycling retail boom driven by the success of the London 2012 Olympics has continued after The Hut Group, which is backed by Sir Stuart Rose and Sir Terry Leahy, acquired accessories business probikekit.com.<img width='1' height='1' src='http:/.....
Lovefilm calls on superheroes to fight against Netflix
Lovefilm users can now access TV episodes featuring Iron Man, X-Men.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2806379d/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/15.....
The UK needs an emergency Budget full of shocks
There is no attitude more shameful and debilitating than defeatism, as Britain learnt at great cost in the 1970s, when managing decline became our crumbling establishment's default strategy.<img width='1' height='1' src='http://telegraph.feedsport.....
Firms footing a 90bn pension bill over QE, MPs told
The Bank of England's stimulus efforts have blown a 90bn hole in pension funds' finances, forcing companies to divert cash towards plugging that gap rather than growing their business, MPs were told.<img width='1' height='1' src='http://telegraph......
British Airways and Twinings launch a high altitude tea
British Airways and Twinings launch a tea with an improved flavour at 35,000 feet.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28056258/mf.gif' border='0'/><br/><br/><a href="http://da.feedsp.....
Europe drags Ford down as losses in the region mount
Ford was dragged down by troubles in Europe last year and said 2013 would be tougher still with losses in the crisis-ridden region expected to rise to $2bn (1.3bn).<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/.....
Carpetright boosts hopes of economic recovery with sales rise
The flooring retailer Carpetright has boosted hopes of a recovery in consumer confidence in the UK after reporting a 3.2pc rise in like-for-like sales, its best performance for more than three years.<img width='1' height='1' src='http://telegraph......
Bumi chief exec warns against Nat Rothschild's plan
Vote down Nat Rothschild's plans for Bumi, the board of the troubled FTSE 250 miner urged shareholders, warning that his plan would lead to "stalemate, continued shareholder infighting and value destruction".<img width='1' height='1' src='http://t.....
Carpetright sales rise after revamp
Carpetright, Britain's biggest floor coverings retailer, posted a rise in third quarter sales in its home market as new ranges and improved stores helped trade.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2805.....
Europe mars Ford's best fourth quarter in a decade
Ford's best fourth-quarter profits in more than a decade were marred by huge losses in Europe and a warning from the carmaker that region's struggling economy could to lead to a further $2bn loss this year.<img width='1' height='1' src='http://tel.....
Terry Smith: 'We don't own bank shares and never will'
Terry Smith, the founder of Fundsmith, has told investors that his fund will "never" own shares in banks, which might be "bust" but for bail-outs from the authorities.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300.....
Terry Smith: 'We don't own banks and never will'
Terry Smith, the founder of Fundsmith, has told investors that his fund will "never" own shares in banks, which might be "bust" but for bail-outs from the authorities.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300.....
Britain will get US 'class action culture' under new compensation regime, CBI warns
Britain is at risk of falling prey to a damaging "class action" culture like America under plans to help consumers get compensation when they are ripped off, major businesses have warned.<img width='1' height='1' src='http://telegraph.feedsportal......
US house prices rise the most in six years
Case-Shiller 20-city home price index rose 5.5pc in November.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/280503f2/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/155984308.....
Anglo American takes $4bn hit over Brazil mine delay
Anglo American becomes the latest mining giant to write off billions of dollars in value, after delays at its Minas-Rio iron ore mining project in Brazil send costs soaring.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/.....
Harley-Davidson profit shy of Wall Street forecasts
Harley-Davidson reported fourth-quarter net income slightly below Wall Street estimates, as it shipped fewer motorcycles while phasing in new software control systems at its main US factories.<img width='1' height='1' src='http://telegraph.feedspo.....
Subscribe to:
Posts (Atom)