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Hikma Pharma shares slip on FDA warning for Portugal plant

Fri, 24/10/2014 - 12:08
(Reuters) - Drugmaker Hikma Pharmaceuticals Plc said the U.S. health regulator had raised issues related to environmental monitoring at its plant in Portugal, which some analysts said accounts for about a quarter of the company's U.S. injectibles sales.

European bank stocks outpace market before stress tests

Fri, 24/10/2014 - 11:52
LONDON (Reuters) - European shares pared early losses on Friday as investors bet the fallout for the banking sector from stress test results due on Sunday should be contained, and took a more measured view of New York's first case of Ebola.

Apple CEO says had 'very open' privacy talks in China - Xinhua

Fri, 24/10/2014 - 10:42
BEIJING (Reuters) - Apple Inc Chief Executive Tim Cook was quoted on Friday as saying he had "very open" talks on privacy and security with a senior Chinese official, days after a web monitoring group linked the government to a hack into Apple's iCloud service in China.

Accounting watchdog studying Tesco statements

Fri, 24/10/2014 - 10:27
LONDON (Reuters) - Britain's accounting watchdog, the Financial Reporting Council, said it was scrutinising supermarket Tesco's announcement on accounting irregularities as it decides whether to take enforcement action.

New bank TSB gains customers in challenge to big banks

Fri, 24/10/2014 - 10:21
LONDON (Reuters) - New British bank TSB said it was picking up nearly one in ten of all new current accounts being opened in the UK, swelling its deposit base as competition intensifies for the country's biggest lenders.

Cobham in $561 million deal for Australia airborne search and rescue

Fri, 24/10/2014 - 10:07
LONDON (Reuters) - British defence company Cobham said on Friday it signed an A$640 million (349.96 million pounds) deal to provide airborne search and rescue capability to Australia for 12 years from 2016.

Online financing, rising costs squeeze profits at China's midsize banks

Fri, 24/10/2014 - 09:40
SHANGHAI/HONG KONG (Reuters) - (This story was officially corrected to change fund size to $22.3 billion from $24 billion in the 14th paragraph)

FTSE edges lower as Tesco's woes mount

Thu, 23/10/2014 - 15:11
LONDON (Reuters) - Britain's top equity index edged lower in late trading on Thursday, with a slump in the share prices of supermarket operator Tesco and consumer goods group Unilever hurting sentiment.

Euro zone consumer confidence rises in October

Thu, 23/10/2014 - 15:09
BRUSSELS (Reuters) - Euro zone consumer confidence defied market expectations of a fifth straight month of decline and rose slightly in October, a flash estimate from the European Commission showed on Thursday.

Unilever promises more cheap goods, cost cuts to tackle slowdown

Thu, 23/10/2014 - 15:04
LONDON (Reuters) - Unilever promised investors that new, cheaper products and more cost cuts would help it grow profits, even as reticent consumers dragged its sales growth in the third quarter to its weakest in nearly five years.

Tesco accounting black hole deepens, chairman to step down

Thu, 23/10/2014 - 15:03
LONDON (Reuters) - The chairman of Britain's biggest grocery chain, Tesco, announced his resignation on Thursday after the company reported a bigger than expected hole in its finances and said accounting transgressions went back further than initially thought.

Lawmakers blame bosses, regulator in Co-op Bank probe

Thu, 23/10/2014 - 14:54
LONDON (Reuters) - The former bosses of Britain's Co-operative Bank are to blame for the lender's near-demise last year, a committee of lawmakers said, in a report which also questioned the role played by regulators and auditors KPMG.

Big bang, not big bucks, the key for euro zone bank lending

Thu, 23/10/2014 - 14:48
DUBLIN/FRANKFURT (Reuters) - If the European Central Bank really wants to kick-start the euro zone economy, it should ensure the bloc's banks are up to the task of lending.

Bank of England's Broadbent says underlying interest rates to eventually rise

Thu, 23/10/2014 - 14:21
LONDON (Reuters) - The Bank of England is only likely to raise interest rates gradually, as headwinds to growth and long-term downward pressures on borrowing costs pass, the central bank's deputy governor said on Thursday.

UK fraud prosecutor seeks more cash for big cases

Thu, 23/10/2014 - 13:39
LONDON (Reuters) - Britain's Serious Fraud Office (SFO) has asked the government for an extra 26.5 million pounds ($42.4 million) to help fund complex inquiries such as financial benchmark manipulation and top corruption cases.

UK's rebounding economy sees slowing industrial orders, retail sales

Thu, 23/10/2014 - 13:32
LONDON (Reuters) - Britain's brisk economic recovery is showing more signs of cooling after shoppers bought less, exporters took a hit from Europe's slump and banks approved the fewest mortgages in more than a year.

Engine parts supplier questions case for Airbus A380 upgrade

Thu, 23/10/2014 - 13:31
BERLIN/PARIS (Reuters) - The case for developing new engines for a sales-boosting upgrade to Airbus's A380 passenger jet has been called into question by a partner in one of the planemaker's engine suppliers.

Old Mutual, Henderson to merge two property funds

Thu, 23/10/2014 - 12:16
(Reuters) - Money manager Old Mutual Global Investors (OMGI) said it would merge its Old Mutual Property Fund into Henderson Global Investors' Henderson UK Property OEIC, forming a 2.7 billion pound ($4.32 billion) fund.

Upbeat business surveys encourage investors out of Bund refuge

Thu, 23/10/2014 - 11:57
LONDON (Reuters) - German government bond yields edged higher on Thursday after an unexpected uptick in euro zone business surveys staved off fears the bloc could be headed for a triple-dip recession.

Whistl loses challenge to Royal Mail's tax exemption

Thu, 23/10/2014 - 11:52
LONDON (Reuters) - Whistl, a firm launching a rival delivery service to Britain's dominant player Royal Mail, on Thursday lost a High Court challenge to have the former state-owned postal operator's VAT exemption removed.