GSK eyes top slot in FTSE 100 index for standalone HIV drugs unit

Reuters UK Business News - Wed, 22/10/2014 - 15:10
LONDON (Reuters) - GlaxoSmithKline , battered by weak U.S. drug sales and a bribery scandal in China, set out a bold recovery plan on Wednesday, including an initial public offering of part of its fast-growing HIV and AIDS drugs business.

SuperGroup founder steps aside as Sutherland named CEO

Reuters UK Business News - Wed, 22/10/2014 - 15:05
LONDON (Reuters) - SuperGroup Plc , the British company behind the Superdry fashion brand, named ex-Co-op Group boss Euan Sutherland as its new chief executive on Wednesday, replacing Julian Dunkerton who founded the company on a market stall 30 years ago.

U.S. consumer prices rise on shelter costs, but inflation muted

Reuters UK Business News - Wed, 22/10/2014 - 14:18
WASHINGTON (Reuters) - U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while.

EU court rejects BT appeal on pension protection levy

Reuters UK Business News - Wed, 22/10/2014 - 14:08
BRUSSELS/LONDON (Reuters) - Europe's top court on Wednesday said an exemption granted to former British telecoms monopoly BT from paying into a pension protection fund constituted state aid and was therefore illegal, backing an EU regulatory decision made five years ago.

Pimco's banking expert expects 18 lenders to fail ECB stress test

Reuters UK Business News - Wed, 22/10/2014 - 13:39
LONDON (Reuters) - Fixed income investment firm Pimco's global banking specialist, Philippe Bodereau, expects 18 banks will be seen to have failed the European Central Bank's stress test of 130 regional lenders when results are published by the ECB on Sunday.

Get down to Grunty Fen

Newmarket Journal - Wed, 22/10/2014 - 13:21

An eccentric vision of Grunty Fen has been part of the mental landscape of many hundreds of thousands of people all over the world for the past 30 years.

Categories: Local Press

Business award for Guineas Festival

Newmarket Journal - Wed, 22/10/2014 - 13:19

The marketing drive to attract visitors to the QIPCO Guineas Festival at Newmarket Racecourses, that resulted in the largest attendance for seven years, has been chosen for an award.

Categories: Local Press

It’s puppy love at optician’s charity event

Newmarket Journal - Wed, 22/10/2014 - 13:17

A Newmarket opticians welcomed a puppy into store to champion an initiative for the Guide Dogs charity.

Categories: Local Press

Carnival’s £9,000 windfall for charities

Newmarket Journal - Wed, 22/10/2014 - 13:16

Charity cheques have been presented to 25 groups and organisations from the £9,000

Categories: Local Press

GSK sees first Ebola vaccine doses ready late this year

Reuters UK Business News - Wed, 22/10/2014 - 13:13
LONDON (Reuters) - GlaxoSmithKline expects to have the first doses of its Ebola vaccine ready late this year and is looking to work with the rest of the pharmaceutical industry to scale up production.

Total names Pouyanne and Desmarest to top positions

Reuters UK Business News - Wed, 22/10/2014 - 13:09
PARIS (Reuters) - French oil major Total on Wednesday appointed refining head Patrick Pouyanne as chief executive and former CEO Thierry Desmarest as non-executive chairman.

ECB cools speculation over bank health checks ahead of results

Reuters UK Business News - Wed, 22/10/2014 - 13:03
MADRID/VIENNA (Reuters) - The European Central Bank cautioned on Wednesday against speculation over the outcome of its stress tests after a media report said at least 11 banks had failed the landmark financial health checks, driving some banking shares lower.

Tesco's results set to reveal extent of accounting scandal

Reuters UK Business News - Wed, 22/10/2014 - 13:02
LONDON (Reuters) - Dave Lewis, the new boss of crisis-hit British grocer Tesco Plc , will face his first public test on Thursday when he reveals the damage caused by a financial scandal on a business already losing popularity with shoppers.

UK car insurers up as premiums rise for first time since 2012

Reuters UK Business News - Wed, 22/10/2014 - 12:56
(Reuters) - Shares in British insurers jumped on Wednesday after motoring group AA Plc said the price of car insurance had risen for the first time since early 2012 due to a rise in fraudulent claims.

HSBC rapped for UK small business lending breach

Reuters UK Business News - Wed, 22/10/2014 - 12:11
LONDON (Reuters) - Britain's competition watchdog said HSBC had forced some small businesses to open an account with the bank to obtain a loan, breaking commitments made by banks to end the practice.

FTSE edges lower, British American Tobacco down on sales drop

Reuters UK Business News - Wed, 22/10/2014 - 11:58
LONDON (Reuters) - Britain's blue-chip FTSE 100 index edged lower by midday on Wednesday, with British American Tobacco knocking the most points off the benchmark after its trading update.

Bank of England minutes add to signs rate hike on back burner

Reuters UK Business News - Wed, 22/10/2014 - 11:51
LONDON (Reuters) - Most Bank of England policymakers are firmly against raising interest rates, seeing little evidence of inflation pressures while the slowing euro zone poses growing risks, minutes of their latest meeting showed.

France does the splits on EU economic governance

Reuters UK Business News - Wed, 22/10/2014 - 10:57
PARIS (Reuters) - France has long called for a European economic government to harmonise the bloc's policies, but it is baulking now at that governance being applied to its own fiscal indiscipline.

Home Retail to shrink Homebase and prioritise Argos

Reuters UK Business News - Wed, 22/10/2014 - 10:36
LONDON (Reuters) - Home Retail, Britain's biggest household goods retailer, plans to close a quarter of its Homebase home improvement stores by 2018, prioritising the development of its larger and more profitable Argos chain.

EU's Juncker pledges investment plan for jobs

Reuters UK Business News - Wed, 22/10/2014 - 10:21
STRASBOURG France (Reuters) - The incoming head of the EU executive, Jean-Claude Juncker, told the European Parliament on Wednesday that he would present his 300-billion-euro plan for investment to bolster growth and jobs by the end of this year.