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Updated: 18 hours 57 min ago

Intertek outperforms as FTSE advances ahead of Fed

Wed, 29/10/2014 - 12:04
LONDON (Reuters) - Britain's top equity index rose on Wednesday as expectations the U.S. Federal Reserve will signal it is in no rush to raise interest rates buoyed stock markets, while positive broker comments lifted Intertek.

Standard Life outlook muddied by British pension rule changes

Wed, 29/10/2014 - 11:48
LONDON (Reuters) - Insurer Standard Life reported strong net inflows in the first nine months but said that changes in British pension rules cut sales of key products and made the outlook uncertain.

Irish retail sales up 6 percent in September

Wed, 29/10/2014 - 11:13
DUBLIN (Reuters) - Irish retail sales were 6 percent higher in September than a year ago in volume terms, the Central Statistics Office said on Wednesday.

Britain's Yorkshire Building Society fined 4 million pounds for mortgage failings

Wed, 29/10/2014 - 11:07
LONDON (Reuters) - Britain's financial watchdog has fined Yorkshire Building Society (YBS) 4.1 million pounds for failing to deal properly with thousands of customers who fell behind on their home loan payments.

UK signs 1.5 billion pounds military air traffic deal with Thales - NATS JV

Wed, 29/10/2014 - 11:01
LONDON (Reuters) - Britain's Ministry of Defence (MoD) on Wednesday awarded a 1.5 billion pound contract to manage its military air traffic operations to a joint venture between French firm Thales and NATS.

Banks see upswing in loan demand across euro zone

Wed, 29/10/2014 - 10:51
FRANKFURT (Reuters) - Around one in five banks across the euro zone expect companies to approach them for more credit as the year draws to a close, with those in Germany and France most optimistic, the European Central Bank said on Wednesday.

Air France-KLM sees more belt-tightening after pilot strike

Wed, 29/10/2014 - 10:47
PARIS (Reuters) - Air France-KLM said it would limit investments and accelerate cost controls next year to mop up the remaining impact of a recent pilots' strike that helped slash its operating profit by more than half in the third quarter.

French drugmaker Sanofi sacks CEO Viehbacher

Wed, 29/10/2014 - 10:43
PARIS (Reuters) - Sanofi's board ousted its chief executive of six years at a special meeting on Wednesday, two days after it emerged he had fallen out with the French drugmaker's chairman, wiping more billions off its market value.

UK inflation expectations hold steady at five-year low - YouGov

Wed, 29/10/2014 - 10:23
LONDON (Reuters) - Britons' expectations for inflation over the next 12 months held steady in October at 1.9 percent, matching the lowest reading since 2009, a monthly poll by YouGov showed on Wednesday.

World Bank urges China to cut economic growth target to 7 percent in 2015

Wed, 29/10/2014 - 10:17
BEIJING (Reuters) - China can cut its economic growth target to 7 percent next year without hurting its labour market, the World Bank said on Wednesday even as it urged Beijing to get rid of rigid growth objectives.

BP posts slump in Russian income but raises dividend

Tue, 28/10/2014 - 15:08
LONDON (Reuters) - BP's third-quarter results took a hit from declining oil prices and a sharp drop in income from Russia as Western sanctions on Moscow led to a slump in earnings from the oil major's local partner, Kremlin-controlled Rosneft .

Israel's slight deflation not a major concern, beneficial for consumers - central bank official

Tue, 28/10/2014 - 15:03
JERUSALEM (Reuters) - The recent shift to slight deflation in Israel is not overly worrisome since it does not stem from weak consumer demand as in some European countries, the central bank's Deputy Governor Nadine Baudot-Trajtenberg said on Tuesday.

Bank of England set to impose higher leverage ratio on banks - sources

Tue, 28/10/2014 - 14:52
LONDON (Reuters) - The Bank of England is expected to impose on UK banks a tougher leverage ratio, the broadest of capital requirements, than under proposed global rules, in a move to reassure investors that lenders can survive the next financial crisis, banking sources said.

More Scottish tax powers could create loopholes, accountants say

Tue, 28/10/2014 - 14:48
LONDON (Reuters) - Giving Scotland more tax-raising powers would increase the complexity of Britain's already-lengthy tax code and may create new loopholes for tax avoidance, accountants and tax advisors

Lloyds dealt new blow with 900 million pound mis-selling charge

Tue, 28/10/2014 - 14:00
LONDON (Reuters) - Britain's Lloyds Banking Group has taken another 900 million pound charge to compensate customers mis-sold loan insurance, delivering a further blow to the bank which only narrowly passed a European health check.

Twitter's efforts to engage users yet to fully pay off

Tue, 28/10/2014 - 13:55
(Reuters) - Twitter Inc's efforts to improve user engagement and growth rates are taking longer than expected to gain traction, prompting a wave of rating and price target cuts on the stock.

Pfizer beats sales and profit forecasts, mum on future deals

Tue, 28/10/2014 - 13:53
(Reuters) - Pfizer Inc reported stronger-than-expected quarterly results, helped by growing sales of its cancer drugs and demand for its medicines in emerging markets, but did not signal any acquisition plans following its recent failed efforts to buy rival British drugmaker AstraZeneca Plc .

Elliott files another lawsuit on Vodafone's Kabel takeover

Tue, 28/10/2014 - 13:52
FRANKFURT (Reuters) - U.S. hedge fund Elliott has filed another lawsuit in its battle with Vodafone over the price of the British group's takeover of German cable firm Kabel Deutschland .

Britain faces tight power supply this winter - National Grid

Tue, 28/10/2014 - 13:47
LONDON (Reuters) - Britain has measures in place to keep the lights on this winter despite the closure of several power stations likely leading to a narrower surplus of electricity supply over demand, network operator National Grid Plc said on Tuesday.

Airbus and Tata team up to bid for Indian aircraft deal

Tue, 28/10/2014 - 13:26
NEW DELHI (Reuters) - Europe's Airbus and India's Tata Sons have bid for a multi-billion dollar contract to replace the Indian Air Force's ageing fleet of Avro cargo planes, as New Delhi looks to boost the role of the local private sector in modernising its armed forces.