Legal costs mount for Europes banks
Banks' provisions for litigation and regulatory expenses more than triple over the past year.....
Sellside rallies to challenge Deutsche BLiquidnet tie-up
Broking duo pull out of German exchange's dark pool over fears of information leaks.....
European pension funds eye tax windfall
European Court of Justice ruling in Dutch case on refunds on VAT paid on investment management fees could have wider implications.....
Pay in the picture for two CEOs
Simon Lewis and Ross McEwan, both tasked with helping restore trust in banking, are paid a similar amount.....
S&P rated funds languish in the bottom quartile
Financial News research shows 65% of funds rated highly by Standard & Poor's unit five years ago have closed or are poor performers.....
Commodities revenues plummet at top banks
Regulatory scrutiny and lower volatility have dragged first-half revenues down 25% from a year ago.....
Controversial PIK notes reach record high
European issuance of the controversial debt instrument hit $3.9 billion by the end of July this year.....
Barclays investors to be left in the dark
Influential fixed-income strategist says investors in the planned Barclays contingent capital bond will not be able to check on the bank's capital position between results updates.....
Correction
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US government sues Bank of America
The US government filed two separate lawsuits against Bank of America relating to fraud on $850m (553m) of mortgage-backed securities......
Manufacturing sector surges in June
UK industrial production jumps in June led by a strong rise in manufacturing output - the latest sign of an improvement in the UK economy......
Amazon's Bezos buys Washington Post
The Washington Post says Amazon chief executive Jeff Bezos has agreed to purchase the company's flagship newspaper for $250m (163m)......
July heatwave boosts retail sales
Retail sales enjoyed their fastest July growth in seven years - at 2.2% - thanks to the month's heatwave, the British Retail Consortium says......
US trade gap smallest since 2009
The US trade deficit fell by 22.4% to $34.2bn (22.3bn) in June, the smallest gap since October 2009......
UK house prices 'rising steadily'
House prices are continuing to rise steadily, the Halifax says, with values growing at their highest annual rate for nearly three years......
Greggs shares hit by profits fall
High Street baker Greggs' shares fall more than 7% after weather problems hit sales and profits......
Motor industry raises 2013 forecasts
The UK motor industry increases its forecast for new car sales in 2013 after July sees another strong performance from the sector......
Riot claims 'not yet finalised'
Insurance companies have dealt with 2,500 claims as a result of the riots in England two years ago - but some compensation cases are yet to be completed......
Time Warner and CBS row escalates
Media giant Time Warner offers to allow its cable customers to pay for CBS as a single channel in a bid to end a blackout of CBS shows......
Northern Rock owner repays 1.9bn
Government-owned UK Asset Resolution, which incorporates Northern Rock (Asset Management) and Bradford & Bingley, pays back 1.9bn to taxpayers......
Standard Chartered hurt by Korea
Standard Chartered reports a drop in half-year profit after writing off $1bn on its Korean business, which it describes as its "most difficult market"......
Australia cuts rates to record low
Australia's central bank cuts its benchmark interest rate to a new record low, in an attempt to spur a fresh wave of economic growth......
Top court cuts Khodorkovsky sentence
Former Russian tycoon Mikhail Khodorkovsky is due to walk free in August of next year after his latest prison sentence was cut by two months......
Hotels group gives investors $350m
Intercontinental Hotels Group says it will return $350m (227m) to shareholders after reporting a rise in half-year profits and revenues......
London Market Report
The FTSE 100 falls, with shares in gold and silver miner Fresnillo down 5% after it reports a drop in profits......
NZ moves to contain Fonterra fallout
New Zealand's government steps up efforts to contain the fallout from a scare over contaminated products made by dairy giant Fonterra......
Sony rejects Loeb spin-off proposal
Sony rejects a proposal by one of its biggest shareholders, hedge fund Third Point, to spin off part of its entertainment division......
Ex-RBS man impersonates bond seller
A former manager at Royal Bank of Scotland impersonated a bond salesman at the bank after he lost his job in its property services division......
DIY digital camera snaps up sales
A US professor launches Bigshot, a build-it-yourself camera, in an effort to teach children how its underlying technologies work......
Pension gap widens at top companies
The gap between assets and liabilities in big company pension scheme has widened, despite increased funding and rising share prices, a report says......
Workers 'are thousands worse off'
The average worker will lose a total of 6,600 in real terms during the coalition's term in government, the Labour Party says......
Plan to turn empty shops into houses
The UK government is launching a proposal to make it easier to turn empty High Street shops into homes......
UK services growth at six-year high
The UK's services sector has expanded at its fastest pace since December 2006, a survey indicates......
Bank policy 'risks higher inflation'
The Bank of England's expected new policy of forward guidance risks increasing inflation, a leading expert has warned......
Smith backs changes on Rangers board
Walter Smith is urging Rangers fans to support boardroom changes after he steps down as chairman at Ibrox......
VIDEO: How factory went from zero to hero
Manufacturing output up by 1.9% as retailers also see fastest sales growth for seven years as consumers rush to buy summer goods.....
VIDEO: Private eye 'spied on sick employee'
A woman who had a tracking device placed on her car by a private detective hired by her bosses said it was "totally wrong"......
AUDIO: Pensions: Should FTSE 100 workers worry?
The pension deficit at Britain's biggest companies has widened by 1 billion over the year. So should workers be worried?.....
VIDEO: Ejector seats turned into furniture
Two brothers from Kent describe transforming aviation salvage into furniture, often worth thousands of pounds......
VIDEO: Retail sales boosted by heatwave
Retail sales enjoyed their fastest July growth in seven years, at 2.2%, thanks to the month's heatwave, the British Retail Consortium says......
AUDIO: Check credit reports, consumers told
Callcredit tells consumers to check their credit reports for mistakes, after watchdog Which? found 1 in 8 had wrong data on file......
VIDEO: Amazon boss buys Washington Post
Amazon chief executive Jeff Bezos has agreed to purchase the Washington Post newspaper for $250m (163m)......
VIDEO: How India and China invest in Africa
How India and China often avoid direct competition in Africa, by focusing on differing aspects of countries' economies......
The battle between old and new media
What does the sale of the Post mean for newspapers?.....
Cambodia's garment industry at crossroads
Cambodia's garment factory workers demand higher wages.....
Wearable tech business revolution
How wearable technology could transform business.....
U.S. Day Ahead: Tesla to ride high, may beat expectations
Aug 6 - Elon Musk's Tesla is high on customer satisfaction and orders. Earnings are expected to come in lower than Q1 but they may surprise to the upside. Groupon also reports second-quarter results......
Kors right to target int'l growth- Lim College's Londrigan
Aug 06-Fashion industry veteran Michael Londrigan of LIM College explains why Michael Kors heavy focus on international expansion is the right strategy. Bobbi Rebell reports......
Techquity: Apple hits a high note; IBM takes a tumble
Aug 6 - Apple's stock hits a key technical level that analysts say could send it higher. IBM cuts back in hardware and Credit Suisse downgrades the stock to a "sell"......
How to grow spinach on Mars
A team of Greek university students has won an award from NASA for their design of an autonomous greenhouse to produce spinach on Mars. The concept is comprised of a solar powered system enclosed in a dome that nurtures and protects the leafy green v.....
Daily Digit: Electric car sales only 0.5%
Aug 6 - U.S. sales of electric cars rose to just 0.5 percent of total sales through July, according to one estimate, which may explain why GM announced a $5,000 price cut for the 2014 Chevy Volt. Conway G. Gittens reports......
Bezos: The first digital mogul?
Aug 6 - Amazon's Jeff Bezos could become the first blue-blooded digital mogul despite his low political profile. Fred Katayama reports......
Breakingviews: Bezos $250 million trophy
Aug. 6 - Richard Beales and Breakingviews columnists discuss how Amazon founder Jeff Bezos purchase of the Washington Post offers a template for the last few holdouts in a declining industry......
Trading at Noon: Loeb down but not out on Sony
Aug 6 - Down but not out, hedge fund manager Dan Loeb will continue to chase Sony until he gets his way. American Eagle loses altitude, while Kors sits in the lap of affordable luxury......
Welcome green shoots in euro zone
Aug. 6 - Italy's economy shrank less than expected in the second quarter, adding to recent signs its longest post-war recession is bottoming out. So are the green shoots of economic recovery in the Euro zone taking hold or about to wilt? Edward Baran.....
Daily Digit: French bank's bounceback
Aug. 6 - Credit Agricole reports a more than twelve-fold increase in quarterly profit, becoming the latest French lender to beat forecasts as its slimmed-down investment bank shows unexpected resilience. Sonia Legg reports......
Fonterra infant formula fallout widens
Aug. 6 - Fonterra infant formula scare raises fears of damage to New Zealand's national reputation. Paul Chapman reports......
Market Pulse: Goodbye European frost, hello green shoots
Aug. 6 - Recent Europe-wide economic data shows green shoots are taking hold, says Chris Scicluna head of economic research at Daiwa Securities......
Breakingviews: Stanchart shows perils of emerging markets
Aug. 6 - Asia-focused Standard Chartered took a $1bln hit on its Korean business, hurting H1 profits. Not all emerging markets are equal, argues Breakingviews......
In Sony struggle, bets Loeb still has director's chair
Aug. 6 - U.S. hedge fund Third Point's calls for Sony to split up may have fallen on deaf ears, and investors don't approve. But some believe the battle over the tech giant's future is far from over......
Sony hedge fund battle tests Japan Inc's 'open door' policy
' William Mallard......
Who will rescue the rupee?
Aug. 6 - Indias rupee has been emerging Asia's worst-performing currency this year. JP Morgans Sunil Garg talks about how the central bank is handling its free-fall, and how investors should respond......
Reuters Today: RBA cuts rates, Aussie a one-way bet
Aug. 6 - The Aussie spikes after the RBA cuts rates, but the boost will be short-lived says Currencies Direct's Alistair Cotton. Plus what happens when Amazon founder Jeff Bezos pops out to buy a paper......
Amazon founder to buy The Washington Post
Aug. 5 - Amazon founder Jeff Bezos has agreed to buy The Washington Post for $250 million. Deborah Gembara reports......
U.S. Morning Call: 'Citizen Bezos' buys iconic WaPo
Aug 6 - Amazon.com founder Jeff Bezos will buy the Washington Post newspaper for $250 million in a surprise deal......
Rating Time Warner Cable's a la carte proposal
Aug. 5 - Time Warner Cable is offering to end its CBS blackout- and let CBS go a la carte- a move that could change the balance of power in the TV business. Bobbi Rebell reports......
Stocks slip as stimulus concerns resurface
Aug. 5 - Summary: Apple climbs after White House blocks ban; Tyson beats and guides higher as chicken and beef demand not hurt by stronger pricing; Time Warner Cable offers to end dispute with CBS with a-la-carte pricing. Conway G. Gittens reports......
CBS wil reject TWC a la carte offer- Wedbush's Dix
August 5 - Wedbush Securities James Dix explains why CBS will reject Time Warner Cable's latest offer- and how he sees the battle over fees playing out. Bobbi Rebell reports......
Daily Digit; $35 mln suspension
Aug. 5 - New York Yankee third baseman Alex Rodriguez could lose around $35 million in salary due to a suspension for allegedly using performance enhancing substances. Conway G. Gittens reports......
U.S. Day Ahead: Investors like Kors affordable luxury play
Aug 5 - Michael Kors reports Q1 results Tuesday. The upscale apparel maker has been one of the most successful IPOs in the past two years and has analysts very optimistic on its future......
A la carte pricing would benefit cable companies- Craig Moffett
August 5 - Cable companies like Time Warner Cable would benefit from the unbundling of channels says veteral media analyst Craig Moffett. Bobbi Rebell reports......
Bank of America accused of fraud over $850m mortgage bonds
The US government has accused Bank of America of civil fraud, saying the company failed to disclose risks and misled investors in its sale of $850m of mortgage bonds during 2008.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/327.....
India's financial prophet Raghuram Rajan to run central bank
India has picked Raghuram Rajan, the prophet of financial Armageddon, to take over the country's central bank and avert a full-blown currency crisis as the economy hits the buffers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/.....
Mark Carney must offer both discipline and generosity to ward off inflation
Mark Carney will want to keep the ugly spectre of inflation at bay, while also promoting growth.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2fa336fc/sc/7/mf.gif' border='0'/><div class='mf-viral'><.....
Amazon starts selling art
Works range from a $44 cat portrait to Norman Rockwell's $5m Willie Gillis: Package from Home.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2fa332fe/sc/38/mf.gif' border='0'/><div class='mf-viral'><.....
Sirius acts to clarify broker relationship
Shares in the Sirius Minerals slumped following an unsettling note from Jefferies.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2fa31542/sc/2/mf.gif' border='0'/><div class='mf-viral'><table border=.....
888 strikes New Jersey deal with Caesars
Online gaming group 888 Holdings is preparing a major push into America after signing an agreement with US casino giant Caesars Interactive Entertainment, which will allow it to offer casino and poker games to punters in the state of New Jersey.<i.....
Sports Direct staff cash in with 112m bonus
Full-time staff at Sports Direct cash in bonus after shares in incentive scheme vest.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2fa1db69/sc/25/mf.gif' border='0'/><div class='mf-viral'><table bor.....
G4S pulls out of race for new electronic tagging contract amid fraud inquiry
G4S, the private security firm, has withdrawn from bidding for a multi-million pound electronic tagging contract after being put under criminal investigation for overcharging the taxpayer.<img width='1' height='1' src='http://telegraph.feedsportal.....
Heatwave burns away Greggs' profits
Greggs is to move away from its bakery heritage to focus on food-on-the-go in an attempt to meet growing competition from sandwich chains such as Pret A Manger and supermarket retailers.<img width='1' height='1' src='http://telegraph.feedsportal.c.....
'Rate rises threaten crash in every asset'
The value of almost all investments, including shares, bonds and property, could fall if investors believe that interest rates are about to return to normal, a senior fund manager has warned.<img width='1' height='1' src='http://telegraph.feedspor.....
IMF crosses swords with Germany over crisis handling
The International Monetary Fund has exhorted Germany to stop dragging its feet on eurozone crisis measures, refuting claims that austerity is working and that Europe is on the road to recovery.<img width='1' height='1' src='http://telegraph.feedsp.....
Jeff Bezos brings long view to newspapers in $250m Washington Post deal
Jeff Bezos has shaken the American media landscape with his surprise $250m purchase of The Washington Post, but there is plenty of recent precedent for the deal thanks, largely thanks to Warren Buffett.<img width='1' height='1' src='http://telegra.....
Business news and markets: as it happened August 6, 2013
The International Monetary Fund has warned Germany against pursuing austerity with too much zeal, warning that it must be ready to miss its deficit reduction target if the economy needs extra stimulus.<img width='1' height='1' src='http://telegrap.....
Meggitt targets energy deal as it sees key market recover
Meggitt said it had at least 500m of firepower for acquisitions as it posted an underlying 7pc rise in half-year profits and flagged the start of a recovery in crucial after-market sales.<img width='1' height='1' src='http://telegraph.feedsportal......
IHG announces $350m special dividend
InterContinental Hotels Group, the world's biggest hotelier, has rewarded its investors with a further $350m (228m) special dividend, bringing its total cash return since its demerger from Mitchells & Butlers a decade ago to $9.4bn.<img width=.....
Business news and markets: live
The International Monetary Fund has warned Germany against pursuing austerity with too much zeal, warning that it must be ready to miss its deficit reduction target if the economy needs extra stimulus.<img width='1' height='1' src='http://telegrap.....
How to value your advisory business
Over the past 30 years, the UK advisory sector has expanded rapidly.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2fa0c102/sc/15/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr.....
Mark Carney is about to make his first mistake - not raising interest rates
It is time for the Bank of England to think the unthinkable and to hike interest rates.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2fa0bdf4/sc/25/mf.gif' border='0'/><div class='mf-viral'><table b.....
Esure shares slump below flotation price
Esure shares slumped below their flotation price on Tuesday after the owner of Sheilas' Wheels said premium growth would slow in the second half of the year amid tougher competition.<img width='1' height='1' src='http://telegraph.feedsportal.com/c.....
L&G shares hit 14-year high after rise in profits and dividend
Legal & General shares hit a 14-year high on Tuesday after the insurer announced a jump in profits and raised its dividend.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2fa00337/sc/2/mf.gif' border='0'/>.....
Washington Post: has Jeff Bezos got a bargain?
At $250 million, the Amazon mogul has bought the Washington Post for a comparative snip.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f9ebcd3/sc/23/mf.gif' border='0'/><div class='mf-viral'><table .....
UK economic recovery gains pace in July, says NIESR
The UK's economic recovery gained pace in July, according to leading think-tank NIESR, as it judged that growth picked up to 0.7pc in the last three months.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2fa00137.....
Bank of England Governor Mark Carney to unveil new interest rate promise
New Bank of England Governor should on Wednesday offer Britons more certainty on the likely path of interest rates and economic stimulus.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2fa29786/sc/25/mf.gif' bord.....
Lloyds sells mortgage software company Avelo for 210m
Lloyds Banking Group's private equity arm, LDC, has sold the British software maker Avelo for 210m to Iress, an Australian group.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2fa00139/sc/2/mf.gif' border='0'/&g.....
How much charities spend on 'charitable activities'
We examine the finances of some of Britain's most popular charities, and disclose the number of staff at each who are paid more than 60,000.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2fa0013b/sc/7/mf.gif' bo.....
