Serious Fraud Office extends director Green's contract

Reuters UK Business News - 3 hours 19 min ago
LONDON (Reuters) - Britain's Serious Fraud Office has extended director David Green's contract by two years, to April 2018, it said on Tuesday.

BoE deputy governor says should consider action if credit grows faster than GDP

Reuters UK Business News - 3 hours 25 min ago
LONDON (Reuters) - Bank of England Deputy Governor Jon Cunliffe said on Tuesday that the central bank should not wait too long to act to strengthen financial stability if lending grows faster than the economy as a whole.

FTSE recovers slightly but remains near three-year lows

Reuters UK Business News - 3 hours 38 min ago
LONDON - A fall in the shares of major banks and mining stocks kept Britain's top share index near three-year lows on Tuesday, as concerns lingered over the global economy and the health of the financial sector.

Oil prices rise, U.S. crude shrugs off equity slump

Reuters UK Business News - 3 hours 40 min ago
LONDON (Reuters) - Oil prices edged up on Tuesday, clawing back some of the losses from a sell-off across broader financial markets, but a report showing supply will not drop quickly enough to erode a global surplus kept gains in check.

Stocks hit the rocks after Asian markets slump

Reuters UK Business News - 3 hours 45 min ago
LONDON (Reuters) - European shares gave up early gains as bank stocks dropped and losses in Asian markets sent investors scurrying for safe havens.

UK trade deficit widens in fourth quarter, likely dragging on economic growth

Reuters UK Business News - 4 hours 8 min ago
LONDON - Britain's trade deficit with the rest of the world worsened in the fourth quarter and likely dragged on economic growth, despite improving in the month of December, official data showed on Tuesday.

UK supermarket Sainsbury's outpaced big rivals in January

Reuters UK Business News - 4 hours 34 min ago
LONDON (Reuters) - British supermarket Sainsbury's continued to outperform rivals in the early weeks of the year, industry data showed on Tuesday, providing reassurance for investors ahead of the takeover of Argos-owner Home Retail .

IEA sees global oil glut worsening, OPEC deal unlikely

Reuters UK Business News - 4 hours 37 min ago
LONDON (Reuters) - The world will store unwanted oil for most of 2016 as declines in U.S. output take time and OPEC is unlikely to cut a deal with other producers to reduce ballooning output, the International Energy Agency said.

Porsche eyes lower profit as costs on models, sites surge - CEO

Reuters UK Business News - 4 hours 40 min ago
STUTTGART (Reuters) - Porsche is bracing for smaller profit gains in future as Volkswagen's sports-car division steps up spending on models and facilities, Chief Executive Oliver Blume said.

Veolia says resumed talks with CDC about Transdev exit

Reuters UK Business News - 4 hours 45 min ago
PARIS (Reuters) - Veolia Chief Executive Antoine Frerot said on Tuesday the water and waste group had resumed talks with French state-owned bank CDC about selling Veolia's stake in their Transdev public transport joint venture.

Second retailer recalls cheese due to presence of Listeria bacteria

Newmarket Journal - 5 hours 16 min ago

A second retailer in a week has recalled a Camembert product due to the possible presence of Listeria monocytogenes.

Categories: Local Press

German output drop raises doubts about growth prospects

Reuters UK Business News - 5 hours 17 min ago
BERLIN (Reuters) - German industrial output plunged in December at the steepest rate in 16 months and exports unexpectedly dropped, in a sign that Europe's largest economy ended 2015 on a weak footing.

ICAP's third-quarter revenue from continuing operations falls 5 percent

Reuters UK Business News - 5 hours 26 min ago
(Reuters) - ICAP Plc , which matches buyers and sellers of bonds, swaps and currencies, reported a 5 percent fall in third-quarter revenue from continuing operations amid fragile market conditions.

Vestas fourth-quarter beats forecasts, expects higher 2016 sales

Reuters UK Business News - 5 hours 39 min ago
COPENHAGEN (Reuters) - Denmark's Vestas reported stronger-than-expected fourth-quarter operating profit on Tuesday and said it expected 2016 sales to rise to at least 9 billion euros (7 billion pounds) from 8.42 billion last year.

Handbag maker Longchamp bucks luxury goods slowdown

Reuters UK Business News - 5 hours 40 min ago
PARIS (Reuters) - French handbag maker Longchamp enjoyed improved sales growth last year, bucking a slowdown in the luxury goods industry.

Sanofi pledges stable 2016 earnings despite fourth-quarter decline

Reuters UK Business News - 6 hours 19 min ago
PARIS (Reuters) - Sanofi reported lower fourth-quarter earnings on Tuesday, hurt by declining sales in divisions such as diabetes, oncology and prescription drugs, but said it expected 2016 earnings per share to be stable.

Actelion core earnings rise 9 percent, matching analyst poll

Reuters UK Business News - 7 hours 10 min ago
ZURICH (Reuters) - Actelion , Europe's largest biotechnology company, said on Tuesday that 2015 core earnings rose 9 percent, matching analyst forecasts, as the company was helped by rising sales of a new drug to treat a deadly heart-lung disease.

China's coal industry needs to restructure as demand slows - Xinhua

Reuters UK Business News - 9 hours 20 min ago
SHANGHAI (Reuters) - Coal demand from China will slow over the next five years and the industry should focus on restructuring and upgrading, state news agency Xinhua reported on Tuesday citing the China National Coal Association (CNCA).

UK retail sales growth picks up unexpectedly in January - BRC

Reuters UK Business News - 10 hours 54 min ago
LONDON - British retail spending growth hit a four-month high in January, as consumers splashed out on big-ticket items like furniture, an industry body said on Tuesday.

UK delays Libor trial of former Barclays traders

Reuters UK Business News - 11 hours 24 min ago
LONDON (Reuters) - British prosecutors have delayed the start of their third Libor trial after new information was provided by Barclays , the former employer of the latest group of traders charged with conspiracy to manipulate financial benchmark interest rates.