Newsroom

Alibaba set to price IPO shares amid investor frenzy

Reuters UK Business News - Thu, 18/09/2014 - 12:17
(Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd is set to sell some $22 billion (13.49 billion pounds) of shares on Thursday, capping a two-week road show that drew frenzied interest from investors worldwide and may be the world's largest ever initial public offering.






EU says jobs summit planned in Italy in October has been cancelled

Reuters UK Business News - Thu, 18/09/2014 - 12:16
BRUSSELS (Reuters) - A meeting of European leaders to discuss growth and jobs which Italian Prime Minister Matteo Renzi said would be held in Italy in October will no longer take place, a European Commission spokeswoman said on Thursday.

Air France pilots threaten to extend strike indefinitely

Reuters UK Business News - Thu, 18/09/2014 - 12:00
PARIS (Reuters) - An Air France pilots union warned on Thursday that it could vote to extend an ongoing strike "indefinitely" if its demands are not met, as the airline was forced to cancel around 60 percent of its flights for the fourth day.






Bayer reshapes with plan to list plastics unit

Reuters UK Business News - Thu, 18/09/2014 - 11:59
FRANKFURT (Reuters) - Germany's Bayer plans to list its less profitable plastics business on the stock market in a deal that could value the division at around 10 billion euros (7.89 billion pounds) as it seeks to focus entirely on healthcare and crop science.






Blackstone-backed Vivint Solar's IPO to raise up to $371 million

Reuters UK Business News - Thu, 18/09/2014 - 11:56
(Reuters) - Vivint Solar Inc, a residential solar panel installer backed by Blackstone Group LP , is expected to raise up to $371 million (227.50 million pounds) in its initial public offering.






Arrest of billionaire hurts business climate - Russian minister

Reuters UK Business News - Thu, 18/09/2014 - 11:52
MOSCOW (Reuters) - The arrest of Russian billionaire Vladimir Yevtushenkov on money laundering charges has hurt Russia's business climate and could spur capital flight, Economy Minister Alexei Ulyukayev said on Thursday.






Turkey's Erdogan denies bid to sink lender as Bank Asya row rumbles on

Reuters UK Business News - Thu, 18/09/2014 - 11:49
ISTANBUL (Reuters) - President Tayyip Erdogan denied on Thursday the existence of any concerted effort in Turkey to sink one of its banks, days after lender Bank Asya said it had been the target of a systematic campaign to undermine it.






China's house prices fall further, economic gloom deepens

Reuters UK Business News - Thu, 18/09/2014 - 11:46
BEIJING/SHANGHAI (Reuters) - Worries that China's economy may be slowing further intensified on Thursday as data showed home prices fell for the fourth straight month, adding to expectations that Beijing will need to do more to stimulate activity.






Julius Baer CEO says any takeover of bank far off - Bloomberg

Reuters UK Business News - Thu, 18/09/2014 - 11:42
ZURICH (Reuters) - The head of Julius Baer , a rumoured takeover target for larger rival Credit Suisse , said any purchase of the Swiss private bank was unlikely for the foreseeable future, Bloomberg News reported.






Merlin eyes 'Dungeon' expansion as U.S. visitors embrace gore

Reuters UK Business News - Thu, 18/09/2014 - 11:34
LONDON (Reuters) - Britain's Merlin Entertainments believes its "Dungeon" parks which take visitors on a gruesome journey through plagues and punishments of the past, could become a global money-spinner after the success of a new U.S. venue.






French government denies Moody's downgrade report

Reuters UK Business News - Thu, 18/09/2014 - 11:23
PARIS (Reuters) - The French government said it had not received notification from Moody's that the ratings agency was set to downgrade France, denying a report in L'Opinion newspaper.






Petra Diamonds expects to resolve Helam job dispute by year-end

Reuters UK Business News - Thu, 18/09/2014 - 11:13
(Reuters) - Petra Diamonds Ltd expects its dispute with South African unions over job cuts at its Helam mine to be resolved before the year-end, its finance director said.






Chevron vows to use 'lessons learned' after Angola LNG missteps

Reuters UK Business News - Thu, 18/09/2014 - 11:07
MINNEAPOLIS (Reuters) - A string of missteps at a $10 billion (6.13 billion pounds) Angolan liquefied natural gas venture has hurt Chevron Corp's reputation as a top-notch operator of profitable energy projects around the world.






UK factory export orders balance slump to 21-month low in September - CBI

Reuters UK Business News - Thu, 18/09/2014 - 11:03
LONDON, (Reuters) - Demand for British factory exports fell to a 21-month low this month, causing overall orders growth to slow sharply, figures from the Confederation of British Industry showed on Thursday.






Yellow Warning of Rain for East of England

Yellow Warning of Rain for East of England : Central Bedfordshire, Essex, Hertfordshire, Luton, Southend-on-Sea & Thurrock valid from 0015 Fri 19 Sep to 2345 Fri 19 Sep
Categories: Weather

UniCredit took 7.75 billion euros in new longer-term ECB funds

Reuters UK Business News - Thu, 18/09/2014 - 10:56
MILAN (Reuters) - Italian lender UniCredit took 7.75 billion euros (6.12 billion pounds) in cheap four-year funds the European Central Bank offered to euro zone lenders on Thursday, a spokesman said.






Sister appeals for information on missing Ely landlady Deborah Steel

Newmarket Journal - Thu, 18/09/2014 - 10:50

The half-sister of missing Ely landlady Deborah Steel has made a video appeal for information into her disappearance.

Categories: Local Press

ECB outlines new plan that will give more voting power to bigger states

Reuters UK Business News - Thu, 18/09/2014 - 10:42
FRANKFURT (Reuters) - The European Central Bank detailed plans on Thursday for changing the way the euro zone governors vote from next year, curbing smaller economies' potential influence in favour of big countries, like Germany.






Canary Wharf's retail estate breaks 1 billion pound valuation

Reuters UK Business News - Thu, 18/09/2014 - 10:32
LONDON (Reuters) - Songbird Estates, the owner of London's Canary Wharf, said the value of its retail property in the office development had topped 1 billion pounds for the first time.






Hyundai Motor's record $10 billion bid for trophy property alarms investors

Reuters UK Business News - Thu, 18/09/2014 - 10:29
SEOUL (Reuters) - Hyundai Motor Group will pay a record $10 billion (6.1 billion pounds) for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics Co Ltd and sparking investor concerns that it is wasting cash on a trophy property.






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