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Updated: 18 hours 25 min ago

Exclusive - Chef Jamie Oliver's empire whips up investor interest

Fri, 12/12/2014 - 23:09
LONDON (Reuters) - British celebrity chef Jamie Oliver is looking to outside investors to help expand his growing network of Italian restaurants and to fund an online TV project, sources familiar with the situation said.

UBS brokers' pay could reach all-time high under tweaked bonus plan

Fri, 12/12/2014 - 22:28
NEW YORK (Reuters) - UBS AG's Wealth Management America on Thursday made it easier for brokers to earn a key bonus in 2015 under its revised compensation package, which could boost top advisers' overall pay to an all-time high.

S&P doubts UK deficit target, says more tax revenue may be needed

Fri, 12/12/2014 - 18:56
LONDON (Reuters) - Ratings agency Standard & Poor's said on Friday Britain's public borrowing was likely to be higher than the government had forecast and the country might need to find ways to raise more tax revenue to balance the books.

MIT study explains why stocks swoon when school vacation ends

Fri, 12/12/2014 - 18:30
BOSTON (Reuters) - Why do stock markets tend to fall after long school breaks? Because investors need to catch up on all the bad news they missed while lounging on the beach or hitting the ski slopes with their kids.

Boss of hedge fund Weavering battles fraud charges in London court

Fri, 12/12/2014 - 18:17
LONDON (Reuters) - Magnus Peterson, battling fraud charges after his $600 million Weavering hedge fund collapsed during the financial crisis, told a court on Friday he could not remember which investors he had warned about his fund's use of complex financial instruments.

Oil plunges to new five-year lows as IEA cuts demand outlook

Fri, 12/12/2014 - 17:50
NEW YORK (Reuters) - Oil fell $2 a barrel to plumb new five-year lows on Friday after the world's energy watchdog forecast even lower prices on weaker demand and higher supplies next year.

ECB gives initial backing to bank capital plans

Fri, 12/12/2014 - 17:30
FRANKFURT (Reuters) - The European Central Bank gave initial approval to the plans of 13 banks to plug capital holes discovered in health checks, it said on Friday, bringing a landmark examination of the sector almost to a close.

FTSE posts biggest weekly drop in three years, led by commodity stocks

Fri, 12/12/2014 - 17:15
LONDON (Reuters) - The FTSE 100 share index posted its biggest weekly loss in more than three years on Friday as crude oil prices fell further and disappointing Chinese economic data hit commodity stocks.

Tesco's new boss looks to avoid nightmare before Christmas

Fri, 12/12/2014 - 17:03
LONDON (Reuters) - Dave Lewis, the new boss of Tesco , Britain's biggest grocer, is betting on a customer charm offensive coupled with selective price cuts to prevent poor Christmas trading compounding an already disastrous year for investors.

Santander UK appoints Vadera as chairman

Fri, 12/12/2014 - 16:53
LONDON (Reuters) - The British arm of Spanish bank Santander said on Friday it had appointed Shriti Vadera as non-executive chairman, as it gears up for a possible initial public offering in the next two years.

Americans turn more bullish on spending

Fri, 12/12/2014 - 16:24
WASHINGTON (Reuters) - U.S. consumer confidence rose in December to a near eight-year high, a sign that falling gasoline prices and expectations of a better job market could give a boost to the economy.

U.S. Senate appears set to pass spending bill, timing uncertain

Fri, 12/12/2014 - 15:32
WASHINGTON (Reuters) - The U.S. Senate looked set to pass a $1.1 trillion (699.8 billion pounds) spending bill in time for a Saturday night deadline, following a narrow House of Representatives vote that averted a government shutdown.

Protest and political strife - Inside Europe's fastest growing economy

Fri, 12/12/2014 - 15:20
DUBLIN (Reuters) - Fergus Reynolds has supported Ireland's governing Fine Gael party for 43 years, but this week he joined tens of thousands of people to march against them and pledged never to vote for Prime Minister Enda Kenny again.

Lagarde says IMF to discuss moving on voting reforms without Washington

Fri, 12/12/2014 - 15:14
WASHINGTON (Reuters) - The head of the International Monetary Fund said on Friday the global lender was ready to discuss ways to move forward without the United States on reforms that would give emerging markets greater IMF voting power.

EU may scrap plans for more competition in airport ground handling

Fri, 12/12/2014 - 15:04
BRUSSELS/BERLIN (Reuters) - The new European Commission may scrap plans to open up airport ground handling services to more competition amid criticism from airports, which say such a move could hit the quality of services.

Airbus expected to deliver A350 to Qatar within 10 days - sources

Fri, 12/12/2014 - 14:44
PARIS (Reuters) - European planemaker Airbus and Qatar Airways are close to resolving an unspecified issue that delayed the delivery of the first A350 and are exploring new dates within the next 10 days, people familiar with the matter said on Friday.

Clashes as Italian unions strike over Renzi labour reforms

Fri, 12/12/2014 - 13:48
ROME (Reuters) - Demonstrators clashed with police in Milan and Turin on Friday as two Italian unions held a nationwide strike, the latest in a series of protests against labour reforms that would make it easier for firms to lay off workers.

Political uncertainty looms over Britain's lagging M&A market

Fri, 12/12/2014 - 13:28
LONDON (Reuters) - Britain has all the right ingredients for an M&A boom, upbeat company bosses, a vibrant economy and a buoyant stock market, but dealmaking is lagging behind the rest of the world.

VW sales growth slowest in 15 months as Americas demand falls

Fri, 12/12/2014 - 13:14
BERLIN (Reuters) - Sales growth at Volkswagen , Europe's biggest carmaker, was the slowest for 15 months in November as declining demand in the Americas offset gains in Europe and China.

Squeezed FX brokers face choice: merge or spend big on tech

Fri, 12/12/2014 - 12:57
LONDON (Reuters) - Next year may prove a watershed for a generation of London forex entrepreneurs who have made millions undercutting banks' margins on day-to-day business currency needs but look exposed to the change they have provoked.