Diageo bids $1.9 billion to take majority in India's United Spirits

Reuters UK Business News - Tue, 15/04/2014 - 18:18
MUMBAI/LONDON (Reuters) - Diageo, the world's biggest spirits maker, has launched a $1.9 billion (1.1 billion pounds) bid to nearly double its stake in United Spirits Ltd, offering a rich price in the hope that India's increasingly wealthy consumers will drink more alcohol.

Coca-Cola sales beat estimates as China volumes soar

Reuters UK Business News - Tue, 15/04/2014 - 18:08
(Reuters) - Coca-Cola Co reported better-than-expected quarterly revenue as it ramped up spending on marketing and advertising, boosting sales in emerging markets such as China.

UK inflation hits new four-year low, house prices continue rise

Reuters UK Business News - Tue, 15/04/2014 - 17:48
LONDON (Reuters) - British inflation fell to its lowest in over four years in March, easing pressure on living standards and raising the prospect that prices may now be rising by less than wages for the first time in years.

Exclusive: Turmoil at Symantec luring activists, buyers - sources

Reuters UK Business News - Tue, 15/04/2014 - 17:46
NEW YORK (Reuters) - The abrupt firing of Symantec Corp Chief Executive Officer Steve Bennett last month is attracting activist investors and private equity firms to the U.S. security software maker, in a development that could potentially lead to its breakup or sale, sources familiar with the situation said.

Ireland nudges up growth forecasts, sticks with austerity

Reuters UK Business News - Tue, 15/04/2014 - 17:41
DUBLIN (Reuters) - Ireland nudged up its growth forecasts for 2014 and 2015, reversing a trend of downgrades over recent years but the government is sticking with planned tax increases and spending cuts to reduce a still high budget deficit.

Three former ICAP brokers in UK court on Libor fixing charges

Reuters UK Business News - Tue, 15/04/2014 - 17:28
LONDON (Reuters) - Three former brokers at ICAP , the world's largest interdealer broker, appeared in a London court on Tuesday charged with running a four-year scheme to manipulate Libor benchmark interest rates.

Weak miners hold back FTSE; Ukraine, earnings jitters persist

Reuters UK Business News - Tue, 15/04/2014 - 16:59
LONDON (Reuters) - Britain's top shares sank to their lowest close in three weeks on Tuesday, hit by mining companies on concern about demand, while the deteriorating situation in Ukraine and doubts about corporate earnings hurt broader sentiment.

Italy's Monte dei Paschi considers bigger cash call

Reuters UK Business News - Tue, 15/04/2014 - 16:55
MILAN/ROME (Reuters) - Italy's loss-making Banca Monte dei Paschi di Siena is considering increasing the size of its planned share sale to help it pass a Europe-wide bank health check and repay state aid this year.

J&J beats forecasts as strong sales of new drugs shine

Reuters UK Business News - Tue, 15/04/2014 - 16:51
(Reuters) - Johnson & Johnson reported quarterly earnings well above expectations, as strong sales of new drugs offset weak demand for consumer products and medical devices, and the company slightly raised its full-year profit view.

U.S. consumer inflation rises on higher food, rental housing costs

Reuters UK Business News - Tue, 15/04/2014 - 16:35
WASHINGTON (Reuters) - U.S. consumer prices firmed a bit in March in a possible sign that a disinflationary trend has run its course.

Keren will lead the fight for Cancer Research

Ely Standard - Tue, 15/04/2014 - 16:33

Keren Goff has been chosen to spearhead a major nationwide campaign that invites people to take on their own running challenge and help accelerate life-saving research.

Categories: Local Press

Can you help police trace this man?

Ely Standard - Tue, 15/04/2014 - 16:31

Police are trying to trace a man in connection with an incident of criminal damage in Ely.

Categories: Local Press

European commercial banks willing to sell troubled loans

Reuters UK Business News - Tue, 15/04/2014 - 16:16
LONDON (Reuters) - European commercial banks are actively managing loan exposure and are more willing to sell loans for stressed and distressed companies quickly in Europe's secondary market as distressed investors line up to buy the loans.

Portugal says economic growth easing need for 2015 budget cuts

Reuters UK Business News - Tue, 15/04/2014 - 15:49
LISBON (Reuters) - Portugal's government laid out plans for savings in 2015 worth 1.4 billion euros (1.1 billion pounds) on Tuesday and said an improving economy has reduced budget cuts it needed to make for next year by about a third.

Former butcher Tony will be sadly missed by friends

Newmarket Journal - Tue, 15/04/2014 - 15:37

Friends have been mourning the death of former Newmarket butcher Tony Holloway.

Categories: Local Press

Barclays' boss treads fine line in investment bank review

Reuters UK Business News - Tue, 15/04/2014 - 15:25
LONDON (Reuters) - Barclays' Chief Executive Antony Jenkins is facing a high-wire act to overhaul the firm's investment bank without undermining a division that contributes about half of group profits.

Imperial Tobacco to shut factories in UK, France

Reuters UK Business News - Tue, 15/04/2014 - 15:05
LONDON (Reuters) - Britain's Imperial Tobacco is shutting cigarette factories in England and France with the loss of about 900 jobs as it grapples with declining sales in Europe.

Portugal government plans 1.4 billion euros in 2015 budget cuts

Reuters UK Business News - Tue, 15/04/2014 - 14:53
LISBON (Reuters) - Portugal's government defined on Tuesday savings measures worth 1.4 billion euros, or 0.8 percent of gross domestic product, needed to slash the budget deficit next year and promised to abstain from tax hikes as well as further wage and pension cuts.

Strong euro bad for growth in Europe - France's Sapin

Reuters UK Business News - Tue, 15/04/2014 - 14:52
PARIS (Reuters) - French Finance Minister Michel Sapin reaffirmed on Tuesday the longstanding view of President Francois Hollande's government that an overly strong euro was bad for growth.

Europe reaches end of crisis-driven reform trail to banking union

Reuters UK Business News - Tue, 15/04/2014 - 14:46
STRASBOURG (Reuters) - European lawmakers finally signed off on Tuesday on new laws to make it easier to shut problem banks after long wrangling over rules for an industry blamed for triggering the worst economic slump in a generation.