Andrew Hauser, senior official at the Bank of England has said that the “bro-culture” at the banks has encouraged crimes and bad behaviour which has led to issues in the foreign exchange markets. ... Read More
D World, the Dubai-based owner of P&O, is eying Topaz Energy and Marine, who has been considering a London IPO. The takeover is potentially worth $1.3 billion, and if successful it would put an end to the possibility of Toaz becoming its own standalone London-listed company. ... Read More
The UK’s private sector endured its worst quarter in almost seven years, as a combination of poor weather and ongoing Brexit confusion hit the economy. ... Read More
The FTSE 100 ended the day, and the week, on a high note, as did the FTSE 250, as the G20 meet dominated the minds of investors. ... Read More
In yet another blow to the UK high street, retailer and chemist Boots has announced that it is considering the closure of around two hundred stores over the next two years. ... Read More
The FTSE 100 ended the day slightly in the rd, as traders wait patiently for news from the G20. ... Read More
The FTSE 100 gained 20 points during the early hours of trading, with supermarket stocks and cigarette companies bucking the positive trend, shedding 1-2%. ... Read More
The probe into the accounting fraud at Patisserie Valerie has led to the arrest of five people, according to reports from the Serious Fraud Office. ... Read More
Trainline has just floated on the stock market, and in its first day of trading shares rose by around 18%, putting the value of the company at almost £2 billion, and bucking the trend which has seen most debuts be far weaker. ... Read More
The FTSE 100 got off to a poor start on Wednesday, as investors sold off airline stocks following some comments from HSBC. ... Read More
Supermarket chain Tesco is hoping to grow through selling more plant-based ready meals, using more robots, and launching upmarket ‘Finest’ convenience stores. ... Read More
London has been experiencing a slowdown in the housing market for some time now, and that slowdown has spread to the rest of Southern England, according to research conducted by Zoopla. ... Read More
Central banks and analysts are worried that the US-China trade war could be the final straw that sparks a new global economic crisis. ... Read More
The three months leading up to April were poorer than expected for the UK, with a fall in car production (brought about by early annual shutdowns from major manufacturers) hampering the GDP figures. ... Read More
The UK’s construction sector has suffered its worst month on over a year, with Brexit uncertainty driving the sector into contraction. ... Read More
Ride-hailing company Uber posted a $1 billion loss after debuting in Wall Street, but its food operation has performed well. ... Read More
The FTSE 100 enjoyed some modest gains during early trading on Thursday, but not all firms in the index enjoyed positive sentiment, with Tesco struggling. ... Read More
Homebuilder Galliford Try has rejected a bid from construction company Bovis, which would have seen the home building business acquired for £950 million. ... Read More
Sports Direct is considering challenging the CBA that Debenhams has entered into, arguing that there were serious issues with the process. ... Read More
Royal Mail is bringing back its second daily delivery, 16 years after the service was cut, in a bid to bolster its postal business by appealing to online shoppers who order later in the day. ... Read More
High street retailer Arcadia is facing liquidity difficulties and has requested a Company Voluntary Arrangement, putting forward proposals to its creditors. The chain is owned by Lady Tina Green, who is the wife of Sir Philip Green. ... Read More
Markets across the world fell sharply as the rift between the US and china widened, with a trade and tech war making investors nervous. Shares fell in Europe, North America and Asia as a war of words between Beijing and Washington was combined with poor American economic data, and chaos on the UK political scene. ... Read More
Delivery firm Just Eat is at risk of demotion from the FTSE 100 after the news surfaced that rival Deliveroo had won the backing of Amazon. This is the second time in just six months that Just Eat has been on the verge of demotion. ... Read More
Thomas Cook suffered a £1.5 billion half-year loss, thanks in part to a goodwill write-off of £1.1 billion. ... Read More
Asda parent company Walmart is seriously considering an IPO for the UK based supermarket. Walmart has said that such a move would take years to plan and prepare for. ... Read More