Newsroom

Apple working with NXP for pay-by-touch technology in new iPhone-FT

Reuters UK Business News - Fri, 29/08/2014 - 09:48
(Reuters) - Apple Inc is working with Dutch chipmaker NXP Semiconductors NV to add secure near-field communications (NFC) technology into the next iPhone, which would enable smartphone users to pay by touch, the Financial Times reported, citing people familiar with Apple's plans.






German DZ Bank well equipped for capital demands -CEO

Reuters UK Business News - Fri, 29/08/2014 - 09:43
FRANKFURT (Reuters) - DZ Bank [DETGNY.UL], a central bank to Germany's cooperative banking network, is confident its capital base is solid enough to meet regulatory demands, its chief executive said on Friday.






Italy July jobless rate rises to 12.6 percent

Reuters UK Business News - Fri, 29/08/2014 - 09:40
ROME (Reuters) - Italy's seasonally adjusted unemployment rate rose in July to 12.6 percent from 12.3 percent the previous month, data showed on Friday.






Malaysia Airlines to cut 6,000 jobs, de-list in $1.9 billion restructuring

Reuters UK Business News - Fri, 29/08/2014 - 09:28
KUALA LUMPUR (Reuters) - Malaysia Airlines , the country's loss-making flag carrier, will cut 30 percent of its workforce as part of a sweeping restructuring that will cost 6 billion ringgit (1.14 billion pounds), majority investor Khazanah Nasional [KHAZA.UL] said.






UK business investment data will not be released on Friday, says ONS

Reuters UK Business News - Fri, 29/08/2014 - 09:19
LONDON (Reuters) - Provisional second quarter figures for British business investment will not be released on Friday as previously announced, the Office for National Statistics said.






UK house prices surge unexpectedly in August - Nationwide

Reuters UK Business News - Fri, 29/08/2014 - 09:17
LONDON (Reuters) - British house prices rose during August at a much faster monthly pace than expected, according to a survey on Friday that contrasted with other signs of cooling in the housing market.






UK regulator proposes 5 percent cut in water bills by 2020

Reuters UK Business News - Fri, 29/08/2014 - 09:14
LONDON (Reuters) - Britain's water regulator has proposed that most of Britain's water suppliers should reduce their consumer bills by an average of 5 percent by the end of the decade.






Chesnara profit rises on growth in Swedish life insurance business

Reuters UK Business News - Fri, 29/08/2014 - 09:13
(Reuters) - Chesnara Plc , an insurance-focused takeover specialist, reported a 26 percent rise in pretax profit, helped by growth in its Swedish open life insurance business.

Tesco slashes profit forecast and dividend as trading slumps

Reuters UK Business News - Fri, 29/08/2014 - 09:00
LONDON (Reuters) - Britain's biggest retailer Tesco slashed its interim dividend by 75 percent as tough trading conditions forced it to cut its profit forecast for the second time in two months.






Strong margins boost laundry firm Berendsen's profit

Reuters UK Business News - Fri, 29/08/2014 - 08:59
(Reuters) - Commercial laundry company Berendsen Plc reported an 8 percent rise in first-half profit, helped by an increase in operating margins at its core Workwear and Facility businesses.

Shares in Ferragamo up 5 percent after second quarter core profit beats fcasts

Reuters UK Business News - Fri, 29/08/2014 - 08:51
MILAN (Reuters) - Shares in Salvatore Ferragamo rose 5 percent in early trade on Friday after the Italian luxury leather group reported a better-than-expected second-quarter core profit.






Developer returns with fresh plans for 128 homes - just weeks after first round was rejected by councillors

Ely Standard - Fri, 29/08/2014 - 08:48

Gladman Developments has resubmitted plans to build 128 new homes in Witchford – a matter of weeks after a first round of plans were controversially rejected by councillors.

Categories: Local Press

Indian power station coal stocks lowest since 2012 blackouts

Reuters UK Business News - Fri, 29/08/2014 - 08:46
NEW DELHI (Reuters) - Half of India's thermal power stations have less than a week's supply of coal on hand, according to weekly data, the lowest level since mid-2012 when millions of people were left without power in one of the world's worst blackouts.






China funds cut suggested equity allocations as hopes for recovery evaporate - Reuters Poll

Reuters UK Business News - Fri, 29/08/2014 - 08:43
SHANGHAI (Reuters) - Chinese fund managers will cut the proportion of their portfolios invested in stocks over the next three months, following July's upward trend, as hopes for a quick economic recovery falter, a Reuters poll shows.






Laburnum Lodge’s eldest resident Lillian, 102, celebrates birthday in style

Ely Standard - Fri, 29/08/2014 - 08:43

A former farm worker celebrated her 102nd birthday in style.

Categories: Local Press

Ely university director who has inspired thousands of young people to get into business wins Queen’s Award for Enterprise

Ely Standard - Fri, 29/08/2014 - 08:42

Timothy Barnes, of Ely, has been director of University College London’s Advances centre for entrepreneurship since it was launched in 2007.

Categories: Local Press

Fiat says exit rights exercise won't jeopardise Chrysler merger

Reuters UK Business News - Fri, 29/08/2014 - 08:39
MILAN (Reuters) - Fiat said on Friday its merger with Chrysler was on track to go ahead as planned in October since it did not expect a 500 million euro (396.69 million pounds) cap on the money it set aside to pay off any dissenting shareholders would be breached.






De La Rue names BAE Systems' Sutherland as CEO

Reuters UK Business News - Fri, 29/08/2014 - 08:34
LONDON (Reuters) - British banknote printer De La Rue named one of BAE Systems' managing directors Martin Sutherland as its new chief executive on Friday.






Spain July retail sales fall 0.5 percent year-on-year -INE

Reuters UK Business News - Fri, 29/08/2014 - 08:27
MADRID (Reuters) - Spanish retail sales fell 0.5 percent year-on-year on a calendar-adjusted basis in July, according to data from the National Statistics Institute (INE) on Friday, after a 0.2 percent increase in June.






Strong margins boost laundry firm Berendsen's profit

Reuters UK Business News - Fri, 29/08/2014 - 07:47
(Reuters) - Commercial laundry company Berendsen Plc reported an 8 percent rise in first-half profit, helped by an increase in operating margins at two of its core Workwear and Facility brands.






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