Business

  • _78627592_ec653a4c-2d1d-4ac7-bc30-b4a1ce56814e Published in: 30 October 2014 Barclays sets aside £500m in currency probe

    Barclays has set aside £500m to cover potential costs from investigations into currency trading. Barclays is among several banks being probed relating to alleged rigging of currency markets. It also set aside an extra £170m to compensate customers wrongly sold PPI. The bank reported a rise in pre-tax profits for the first nine months of […]

  • 21c93c12-bcdc-4c85-8830-32ffe7ba7671-460x276 Published in: 24 October 2014 Energy firms ‘could cut £800m off household energy bill’ with 5% tariff cut

    Britain’s householders could save more than £800m over the next 12 months on their energy bills if the big six suppliers took advantage of plunging wholesale power prices and cut their charges by as much as 5%, according to the founder of a price comparison website. The claim from Mark Todd of energyhelpline.com came as […]

  • Stock exchange in Frankfurt Published in: 24 October 2014 UK economic growth slows to 0.7%

    The UK economy grew at a slower pace in the third quarter but was still up a solid 0.7%, more than most other advanced economies. The slowdown from growth of 0.9% in the second quarter was in line with most forecasts. But after recent economic indicators showing a weaker housing market, and slower manufacturing and […]

  • Japan Supreme Court backs demoted pregnant woman Published in: 23 October 2014 Japan Supreme Court backs demoted pregnant woman

    Japan’s Supreme Court has backed a woman who unsuccessfully sued her employer following a demotion due to her pregnancy. The case involves a physiotherapist who asked for a less strenuous role during pregnancy, but who was not reinstated to her higher position after returning to work. Earlier rulings had sided with the medical co-operative that […]

  • chiquita Brazilian Published in: 23 October 2014 Brazil’s Cutrale and Safra up bid for Chiquita bananas

    Brazil’s Cutrale and Safra groups have upped their bid for banana giant Chiquita after a previous offer was rejected earlier this month. The new bid of $14.50 a share values the company at about $680m (£424m), 4% higher than the previous offer. Chiquita shares jumped 9% after the company said it would “carefully review and consider” the […]

  • Wall Street flat at record highs, valuations seen reasonable Published in: 27 August 2014 Wall Street flat at record highs, valuations seen reasonable

    U.S. stocks were flat on Wednesday as investors found few reasons to extend a rally that has taken indexes to repeated records, even though market valuations were not seen as unduly stretched. The S&P 500 closed above 2,000 for the first time on Tuesday, while the Dow Jones industrial average also ended near a record […]

  • Deutsche Bahn sues airlines in U.S. over 1999-2006 price fixing Published in: 19 August 2014 Deutsche Bahn sues airlines in U.S. over 1999-2006 price fixing

    Deutsche Bahn [DBN.UL] is suing airlines in the United States for operating a price-fixing cartel affecting its freight business between 1999-2006, the German transport company told Reuters. The airlines’ price fixing was first exposed seven years ago and triggered fines of 800 million euros in the European Union in 2010 and a fine of $1.5 […]

  • Wall St. rises on Home Depot and Apple; data helps Published in: 19 August 2014 Wall St. rises on Home Depot and Apple; data helps

    U.S. stocks advanced on Tuesday after solid earnings from Home Depot helped lift retailers’ shares and Apple touched $100 for the first time since its stock split this summer. Data on housing and inflation gave the market more support. Home Depot Inc (HD.N) gained 6 percent to $88.66, marking the stock’s largest percentage gain since […]

  • Electrolux in talks to buy GE's appliances business Published in: 14 August 2014 Electrolux in talks to buy GE’s appliances business

    World number two home appliances maker Electrolux said on Thursday it was in talks to buy General Electric’s household appliances business. People familiar with the matter had said earlier in the day that GE was in talks with the Swedish group and other parties to sell the unit. “AB Electrolux today confirmed that it is […]

  • U.S. retail sales pause, seen rebounding in months ahead Published in: 13 August 2014 U.S. retail sales pause, seen rebounding in months ahead

    U.S. retail sales unexpectedly stalled in July, pointing to some loss of momentum in the economy early in the third quarter. But with job growth holding sturdy, sales activity was likely to rebound in the coming months, economists said. The Commerce Department said on Wednesday that retail sales, which had increased 0.2 percent in June, […]

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