Newsroom

Credit Suisse says swings to second-quarter net loss on U.S. tax settlement

Reuters UK Business News - 4 hours 7 min ago
SINGAPORE (Reuters) - Credit Suisse Group AG reported its biggest quarterly loss since the collapse of Lehman Brothers in 2008, due to a 1.6 billion Swiss franc (1 billion pounds) charge taken following a May settlement with U.S. authorities over tax evasion charges.






Billionaire JD.com founder lines up next challenge - beating Alibaba

Reuters UK Business News - 4 hours 14 min ago
BEIJING (Reuters) - (This june 18 story corrects year of Kathy Xu investment in JD.com, adds total investment amount)






China has expressed monopoly concerns over Mercedees-Benz activities - executive

Reuters UK Business News - 4 hours 30 min ago
SHANGHAI (Reuters) - China's price regulator has expressed monopoly concerns over Mercedes activities in the country but the firm is not under investigation, one of the company's top China executives said on Tuesday.






Asian shares push higher, shrug off global tension

Reuters UK Business News - 4 hours 48 min ago
TOKYO (Reuters) - Asian stocks touched a three-year peak on Tuesday, despite lingering concerns about crises in Ukraine and Gaza, while the yen eased against the dollar and the euro.






Three new non-executive directors to join Bank of England

Reuters UK Business News - 4 hours 59 min ago
LONDON (Reuters) - Three new non-executive directors have been appointed to the Bank of England's governing body, Britain's finance ministry said on Monday.

More than half of consumers globally upbeat on job prospects - Nielsen

Reuters UK Business News - 5 hours 12 min ago
LONDON (Reuters) - More than half of consumers globally expect job prospects to be good to excellent in the year ahead, a survey showed on Tuesday.






Starbucks, Burger King dragged in as China food scandal spreads

Reuters UK Business News - 5 hours 32 min ago
SHANGHAI (Reuters) - A toxic food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide Inc and others, as well as products of McDonald's Corp as far away as Japan.






Analysis - A Fox-Time Warner deal would give Murdoch new heft in China

Reuters UK Business News - 5 hours 58 min ago
(Reuters) - Rupert Murdoch's plan to buy Time Warner would help the Twenty-First Century Fox chairman make larger inroads in China, a fast-growing market that media moguls are finding hard to crack.






Glenfiddich seeks Drambuie in 100 million pounds scotch merger – Sky News

Reuters UK Business News - 7 hours 56 min ago
(Reuters) - Glenfiddich, the scotch whiskey business owned by William Grant & Sons, is looking to buy Drambuie, the brand owned by the MacKinnon family, in a 100 million pounds takeover, Sky News reported late Monday.






Yum, McDonald's apologise as new China food scandal hits

Reuters UK Business News - 8 hours 21 min ago
SHANGHAI/LOS ANGELES (Reuters) - Yum Brands Inc YUM.N and McDonald's Corp MCD.N are facing a new food safety scare in China, denting the fast-food companies' efforts to shore up reputations and businesses that were hurt by a 2012 safety scandal in one of their biggest markets.






Mexico economy could pick up in second half of 2014 - central bank's Sanchez

Reuters UK Business News - Mon, 21/07/2014 - 23:26
MEXICO CITY (Reuters) - Mexico's economy likely picked up speed in the second quarter, helped by signs of improving domestic consumption, and growth could be stronger in the second half of the year, a Central Bank deputy governor said on Monday.






Glenfiddich seeks Drambuie in 100 mln pounds scotch merger – Sky News

Reuters UK Business News - Mon, 21/07/2014 - 22:07
(Reuters) - Glenfiddich, the scotch whiskey business owned by William Grant & Sons, is looking to buy Drambuie, the brand owned by the MacKinnon family, in a 100 million pounds ($170.76 million)takeover, Sky News reported late Monday.






Insiders worry China's stimulus focus delays reform drive

Reuters UK Business News - Mon, 21/07/2014 - 22:05
BEIJING (Reuters) - Policy insiders are concerned that China's ambitious reform agenda is being sidelined by a focus on stimulus to meet the government's growth target, delaying the planned overhaul of the world's second-largest economy.






U.S. panel says Barclays, Deutsche Bank helped funds avoid taxes

Reuters UK Business News - Mon, 21/07/2014 - 22:02
WASHINGTON (Reuters) - The head of a powerful U.S. Senate panel has accused Deutsche Bank AG and Barclays Plc of helping hedge funds avoid taxes, calling for tougher action from the authorities.






SPECIAL REPORT: Police suggest woman pedestrian who died in double fatality on A47 could have been pushed to her death

Ely Standard - Mon, 21/07/2014 - 20:28

A woman who died on the A47 near Wisbech yesterday could have been murdered, police said tonight.

Categories: Local Press

Tesco ditches CEO for Unilever man after profit warning

Reuters UK Business News - Mon, 21/07/2014 - 20:00
LONDON (Reuters) - Tesco is to ditch chief executive Philip Clarke and replace him with a turnaround specialist from Unilever, ending a disastrous three year reign as Britain's biggest retailer warned it would again miss profit forecasts.






Ex-Autonomy CFO seeks to block HP settlement over bad merger

Reuters UK Business News - Mon, 21/07/2014 - 18:30
(Reuters) - A former top executive at Autonomy Corp is seeking to block Hewlett-Packard Co's settlement of three shareholder lawsuits over its troubled purchase of the British software company, saying HP officials are wrongly absolved of a $8.8 billion (5.15 billion pounds) writedown.






FTSE hit by weaker tobacco shares, geopolitical tension

Reuters UK Business News - Mon, 21/07/2014 - 18:25
LONDON (Reuters) - Britain's top share index fell on Monday, with tobacco stocks hit by a multi-billion-dollar fine against RJ Reynolds in the United States and retailers slipping after a profit warning from Tesco.






UK watchdog should take tough line in bank competition probe -MPs

Reuters UK Business News - Mon, 21/07/2014 - 18:10
LONDON (Reuters) - Britain's competition watchdog should take a hard line and be prepared to shake up the banking industry to improve services for customers, a leading lawmaker said on Monday, saying he was fed up with years of inaction.






Three new non-executive directors to join Bank of England

Reuters UK Business News - Mon, 21/07/2014 - 18:01
LONDON (Reuters) - Three new non-executive directors have been appointed to the Bank of England's governing body, Britain's finance ministry said on Monday.






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