Exclusive - GM develops contingency plans in case Takata recalls widen

Reuters UK Business News - Fri, 19/12/2014 - 20:23
DETROIT(Reuters) - General Motors Co has developed contingency plans in case recalls of potentially lethal Takata-made air bag inflators widens, forcing the U.S. automaker to repair millions of vehicles, the company said on Friday.

EU widens trade row with new Boeing subsidy claim

Reuters UK Business News - Fri, 19/12/2014 - 19:41
GENEVA (Reuters) - The European Union opened a new front in a decade-old dispute over aircraft subsidies on Friday, launching a complaint at the World Trade Organization alleging illegal tax breaks in Boeing's home state of Washington.

Russia's parliament rushes through bill boosting banking capital

Reuters UK Business News - Fri, 19/12/2014 - 18:57
MOSCOW (Reuters) - Russia's lower house of parliament hastily approved a draft law on Friday that would give the banking sector a capital boost of up to 1 trillion roubles (11 billion pounds).

JPMorgan report says it's learning from mistakes

Reuters UK Business News - Fri, 19/12/2014 - 18:34
BOSTON (Reuters) - JPMorgan Chase & Co on Friday outlined improved controls it has been enacting in the wake of recent missteps, including pay clawbacks and minimum share ownership requirements for leaders, in a report issued under shareholder pressure.

Equities extend rally; oil rebounds, helping rouble rise

Reuters UK Business News - Fri, 19/12/2014 - 18:31
NEW YORK (Reuters) - Equity markets worldwide extended the week's rally on Friday and oil prices rebounded from recent lows, even though market volumes were beginning to thin as investors started to reduce exposure as the end of year approaches, traders said.

China's Fosun raises offer for Club Med

Reuters UK Business News - Fri, 19/12/2014 - 18:22
PARIS (Reuters) - Chinese billionaire Guo Guangchang sweetened his bid for struggling Club Mediterranee at the last minute on Friday, trumping a 24 euro-a-share offer from Italian tycoon Andrea Bonomi in France's longest-running takeover battle.

'Black Friday' spree lifts UK retail sales growth to 27-year high - CBI

Reuters UK Business News - Fri, 19/12/2014 - 17:18
LONDON (Reuters) - A "Black Friday" shopping frenzy pushed British retail sales growth to a 27-year high in December, according to an industry survey on Friday.

Oil up on pre-holiday short-covering but down for fourth week

Reuters UK Business News - Fri, 19/12/2014 - 17:07
NEW YORK (Reuters) - Oil bounced higher on Friday as selling pressure from a six-month price rout eased for a second time this week on short-covering, helped by fresh buying in U.S. crude before the expiry of the front-month contract.

FTSE set for biggest weekly rise in two years

Reuters UK Business News - Fri, 19/12/2014 - 16:58
LONDON (Reuters) - The FTSE 100 headed to its biggest weekly gain in two years on Friday, led by recent laggards such as insurer Aviva and Tullow Oil as analysts recommended snapping up battered shares after a recent selloff.

Jail for Latvians who “ruled by fear” to exploit migrant workers and warned any who complained they would “end up like Alisa”

Ely Standard - Fri, 19/12/2014 - 16:54

Two men who “ruled by fear” to exploit migrant workers in Fenland have been sentenced.

Categories: Local Press

Exclusive - ECB considers making weaker Euro zone states bear more quantitative easing risk: sources

Reuters UK Business News - Fri, 19/12/2014 - 16:54
FRANKFURT (Reuters) - European Central Bank officials are considering ways to ensure weak countries that stand to gain most from a fresh round of money printing bear more of the risk and cost.

Roche says agrees to buy Bina Technologies for undisclosed price

Reuters UK Business News - Fri, 19/12/2014 - 16:48
ZURICH (Reuters) - Swiss drugmaker Roche said on Friday it had agreed to buy privately-held Bina Technologies for an undisclosed price, the company's second acquisition in two days.

Air France-KLM shares fall sharply after third profit warning

Reuters UK Business News - Fri, 19/12/2014 - 16:01
PARIS (Reuters) - Shares in Air France-KLM fell around 8 percent on Friday after the Franco-Dutch airline group issued its third profit warning since July and announced new belt-tightening.

Germany seeks plans to boost start-up IPOs

Reuters UK Business News - Fri, 19/12/2014 - 15:41
FRANKFURT (Reuters) - Germany hopes to smooth the path for start-up companies to seek bourse listings, with the government asking several capital markets players to draw up concrete action plans over the coming months.

Western companies scramble to cope with Russian rouble drop

Reuters UK Business News - Fri, 19/12/2014 - 15:37
FRANKFURT (Reuters) - Western companies are curtailing investments in Russia, repatriating funds and talking with their banks about currency hedges to protect profits from the falling rouble and worsening growth outlook.

British mutual insurers Family Investments, Engage Mutual to merge

Reuters UK Business News - Fri, 19/12/2014 - 15:23
LONDON (Reuters) - British mutual insurance firms Family Investments and Engage Mutual have agreed to merge, the firms said on Friday, without giving financial details.

Citi buys Credit Suisse commodities trading book

Reuters UK Business News - Fri, 19/12/2014 - 15:22
LONDON (Reuters) - Citigroup has bought the commodity trading books of Credit Suisse , sources familiar with the matter said on Friday, as the U.S. bank extends its reach in the sector as others retreat.

Party time on market

Newmarket Journal - Fri, 19/12/2014 - 15:00

Customers visiting Newmarket market on Saturday are being invited to join its first Christmas Party.

Categories: Local Press

Drivers despair after yet another vehicle hits Ely’s railway bridge

Ely Standard - Fri, 19/12/2014 - 14:56

Yet another vehicle collided with the railway bridge in Ely today (Friday).

Categories: Local Press

Banks prep 500 million pounds loan for HEG's intergenia buy and refinance

Reuters UK Business News - Fri, 19/12/2014 - 14:31
LONDON (Reuters) - Banks have lined up around 500 million pounds of leveraged loans to back internet domain and hosting company Host Europe Group’s acquisition of German-based peer intergenia and refinance existing debt, banking sources said on Friday.