LONDON (Alliance News) - AO World PLC, the online domestic appliance retailer that listed in London at the end of February, Thursday said it is planning a big expansion into Europe, starting in Germany and then into neighbouring countries like the Netherlands and Belgium. Its growth ambitio Read More

UK MIDDAY BRIEFING: ECB Cuts Rates, More To Follow

5th Jun 2014 12:31

LONDON (Alliance News) - The European Central Bank on Thursday cut its key interest rate to a record low and embraced a negative deposit rate, the first for a leading central bank, as it tries to fight the low inflation that is threatening to derail the euro area's fragile economic recovery.<b Read More

TOP NEWS: GlaxoSmithKline Agrees USD105 Million US Settlement

5th Jun 2014 10:31

LONDON (Alliance News) - The following is a summary of top news stories Thursday. ---------- COMPANIES ---------- UK pharmaceutical giant GlaxoSmithKline PLC has agreed to a USD105 million settlement covering 44 US states over allegations t Read More

AO World Swings To Annual Loss On Stock Market Listing Costs

5th Jun 2014 08:11

LONDON (Alliance News) - Online domestic appliance retailer AO World PLC Thursday said it swung to a loss in its recent financial year, on the back of costs associated with its recent stock market flotation in London, even as revenues surged on strong volume growth in domestic appliances. T Read More

UK MORNING BRIEFING: ASOS Drags Down AIM Ahead Of ECB Meeting

5th Jun 2014 07:33

LONDON (Alliance News) - ASOS is dragging down the AIM All-Share Index at the open Thursday after lowering its profit guidance. The online fashion retailer, by far the biggest AIM stock by market capitalisation, dropped 40% at the open and was down 34% a half hour into trading Read More

MARKET COMMENT: UK Stocks Set For Muted Open Ahead Of Central Banks

5th Jun 2014 06:43

LONDON (Alliance News) - UK stocks are set for a muted open Thursday, as investors await highly anticipated policy decisions from the Bank of England and the European Central Bank. "The release of the BoE and more importantly the ECB monetary policy decisions will make for a crucial day in Read More

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