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
LONDON (Alliance News) - The following is a summary of top news stories Thursday.<br />----------<br /><strong>COMPANIES</strong><br />----------<br />UK pharmaceutical giant<strong> GlaxoSmithKline</strong> PLC has agreed to a USD105 million settlement covering 44 US states over allegations t Read More
LONDON (Alliance News) - <strong>ASOS</strong> 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
LONDON (Alliance News) - The US Court of Appeals in New Orleans has ruled that British oil giant BP PLC and Anadarko Petroleum, as co-owners of the ill-fated Macondo well, are automatically liable for violations of the pollution law. The two companies may face billions of dollars in fines. Read More
LONDON (Alliance News) - Home improvement retailer <strong>Kingfisher</strong> is the biggest decliner on the FTSE 100 Thursday after it warned that it expects tougher trading in the second quarter against stronger comparatives, and said its margins had been hit by discounts in its kitchens an Read More
LONDON (Alliance News) - The following is a summary of top news stories Thursday.<br />----------<br /><strong>COMPANIES</strong><br />----------<br />Hedge fund manager <strong>Man Group</strong> PLC confirmed it is in talks to buy quantitative hedge fund specialist Numeric Holdings LLC. In a Read More
LONDON (Alliance News) - Centrica PLC confirmed Thursday that Chris Weston, the head of British Gas, is leaving the company to take up the post of chief executive of temporary power provider Aggreko PLC, leaving Centrica without its top three executives. The British energy supplier said Wes Read More
LONDON (Alliance News) - UK shares are higher at open Thursday, ahead of some US economic data later in the day.<br /><br />B&Q and Screwfix owner <strong>Kingfisher</strong> is leading FTSE 100 fallers, down 5.4%. Despite showing a strong increase in its retail profit for the first quarte Read More
LONDON (Alliance News) - BP PLC has asked the US Supreme Court to step in after federal courts in New Orleans lifted an injunction blocking the payment of business claims for economic losses under the settlement that the oil company agreed for victims of the Gulf of Mexico oil spill in 2012, the Read More
LONDON (Alliance News) - There was some bad drilling news for two of the UK's leading oil stocks, as resource companies dominated corporate news Tuesday morning. <strong>Tullow Oil</strong> PLC said it will plug and abandon the exploration well 31/2-21S in the Gotama prospect, offs Read More
LONDON (Alliance News) - The following is a summary of top news stories Tuesday.<br />----------<br /><strong>COMPANIES</strong><br />----------<br /><strong>Lloyds Banking</strong> Group PLC said it intends to go ahead with an initial public offering of TSB Banking Group PLC on the London Sto Read More
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.<br />-------<br /><strong>FTSE 100 - WINNERS</strong><br />-------<br /><strong>InterContinental Hotels</strong> Group, up 5.8%. The hotel chain has rejected a GBP6 b Read More
LONDON (Alliance News) - UK shares have opened higher Tuesday, catching up with gains made during the bank holiday Monday in Asia and Europe.<br /><br />The mid-cap FTSE 250 is outperforming once again, led by<strong> AVEVA Group</strong>, which raised its total dividend and expressed confiden Read More
LONDON (Alliance News) - British oil giant BP PLC and Russian state oil company OAO Rosneft said Tuesday that they have signed a deal to jointly develop the Domanik shale formations in Central Russia's Volga-Urals region. The two companies will form a joint venture that will be incorporated Read More
LONDON (Alliance News) - Russian state oil company OAO Rosneft and British oil giant BP PLC have signed a deal to jointly develop the Domanik shale formations in Central Russia's Volga-Urals region. The two companies will form a joint venture that will be incorporated in Russia, with Rosnef Read More
LONDON (Alliance News) -<strong> Royal Mail</strong> shares have fallen sharply after the company warned of increased competition in the parcels market and a big potential hit from rival TNT's plans to expand its own letter delivery service to more UK cities.<br /><br />Equity markets in the U Read More
LONDON (Alliance News) - The following is a summary of top news stories Thursday.<br />----------<br /><strong>COMPANIES</strong><br />----------<br /><strong>Royal Mail</strong> PLC dropped to the bottom of the FTSE 100 after the company reported a full-year performance in line with expectati Read More
LONDON (Alliance News) - UK shares have opened higher across the board Thursday, after latest indications from US Federal Reserve policy makers left little concern about an imminent rate increase.<br /><br />A flurry of IPO plans were confirmed early Thursday, led by property site<strong> Zoop Read More
LONDON (Alliance News) - BP PLC Thursday said it is appealing to the US Supreme Court over a ruling on Monday supporting compensation claims for certain businesses affected by the 2010 Gulf of Mexico oil spill. The Fifth Circuit appeals court in New Orleans on Monday rejected BP?s request f Read More
LONDON (Alliance News) - The European Commission Tuesday said it will press ahead with a probe into Credit Agricole, <strong>HSBC Holdings</strong> and JP Morgan after they refused to join other lenders in a settlement last year over suspected manipulation of the Euribor interest-rate benchmar Read More