Press round-up from ShareCast
Friday newspaper round-up: Greek deadline, Cameron debate, FCA condemned
Fri 27 March 2015 06:38
Greece has rushed to complete a list of economic overhauls to satisfy creditors by Monday, wrote The Wall Street Journal.
Thursday newspaper round-up: Schlumberger, US-ISIS airstrikes, Athens
Thu 26 March 2015 06:14
The world largest oil-field services company Schlumberger has pleaded guilty to violating sanctions in Iran and Sudan so will have to pay $232.7m, according to The Wall Street Journal.
Wednesday newspaper round-up: France plane crash, Kraft acquisition, Google scandal
Wed 25 March 2015 06:59
An Airbus A320 plane on Tuesday crashed in the French Alps and British citizens are believed to be among the 150 dead passengers, reports The Telegraph.
Tuesday newspaper round-up: ECB bond-buying, Banks, David Cameron
Tue 24 March 2015 06:08
The European Central Bank said it will continue to purchase debt for at least 18 months until inflation has stabilised, reported The Wall Street Journal.
Monday newspaper round-up: Russia nuclear threat, UK trains Syrian troops, Greece warning
Mon 23 March 2015 05:56
Russia has threatened Denmark with a nuclear strike if it partakes in Nato's missile shield, the Financial Times reported.
Friday newspaper round-up: Greek talks, Holcim-Lafarge, Ryanair turnaround
Fri 20 March 2015 05:45
Greek prime minister Alexis Tsipras has agreed to speed up the process of economic reform but was unable to secure short-term financing for Greece during his meeting with Germany and France, reported the Financial Times.
Thursday newspaper round-up: UK 2015 budget, North Sea oil, Tunisia terror ttack
Thu 19 March 2015 06:58
Chancellor George Osborne unveiled a pre-election budget on Wednesday that boasts of tax breaks for savers and first-time buyers, but critics claim it will force a future Conservative government to enforce deep spending cuts, The Guardian reported.
Wednesday newspaper round-up: Netanyahu wins, EU sanctions, New pound coin
Wed 18 March 2015 06:48
Right-wing prime minister Benjamin Netanyahu just about won the Israeli general election after votes were counted early on Wednesday but he requires small-party support to form a ruling coalition, The Wall Street Journal reported.
Tuesday newspaper round-up: HSBC, Netanyahu election, Iran nuclear deal
Tue 17 March 2015 06:35
Thousands of clients of HSBC on the mainland have been told their accounts in the Channel Islands are to be closed. That comes as the lender seeks to ensure that its services are not being used to avoid paying taxes in the UK, according to The Times.
Monday newspaper round-up: Putin on Crimea, China steel exports, Tony Blair steps down
Mon 16 March 2015 06:15
Russian president Vladimir Putin revealed late on Sunday that he was ready to put the country's nuclear weapons on alert during Russia's 2014 annexation of Crimea, according to the Financial Times.
Friday newspaper round-up: Holcim-Lafarge merger, US refinery strike, BoE probe
Fri 13 March 2015 06:46
Serious cracks have started to appear in the proposed €41bn merger of Holcim and Lafarge, according to the Financial Times. "Both companies' boards are now discussing a potential renegotiation of the terms of the deal, amid concerns that the price on th
Thursday newspaper round-up: Fed stress tests, Lib Dem scandal, North Sea oil
Thu 12 March 2015 06:11
Four of the largest Wall Street banks including Goldman Sachs, JP Morgan Chase and Morgan Stanley, struggled to pass the Federal Reserve's 2015 stress tests, wrote The Wall Street Journal. US units of Santander and Deustche Bank fell short of the requirem
Wednesday newspaper round-up: China, Google, UK unemployment
Wed 11 March 2015 06:02
China's economy began to weaken in the first two months of 2015 due to industrial output and slow asset investment growth, The Wall Street Journal reported.
Tuesday newspaper round-up: Prudential CEO, BBC scandal, Conservatives
Tue 10 March 2015 06:24
Present chief executive of Britain's Prudential Insurance Group has been lined up to replace Brady Dougan as leader of Credit Suisse, the Financial Times reported.
Monday newspaper round-up: Euribor probe, Greece, Tesco
Mon 09 March 2015 06:50
Former traders from Barclays and Deutsche Bank will be interviewed by UK fraud investigators in an ongoing criminal probe into the alleged rigging of Euribor, writes the Financial Times. "The move raises the prospect for the banks that investigations into
Friday newspaper round-up: RBS, Defence spending, Fed stress tests
Fri 06 March 2015 06:40
Chancellor George Osborne said he would like to proceed "as quickly as we can to get rid of" the government's stake in RBS, writes the Financial Times. However, he said that the size of stake was "massive" and the sell-down of shares could take years to c
Thursday newspaper round-up: BoE, China, North Sea
Thu 05 March 2015 07:49
The Serious Fraud Office has opened a criminal investigation into the Bank of England over the potential rigging of money market auctions. Confirmation of the inquiry came last night with the central bank already under scrutiny over an earlier investigati
Wednesday newspaper round-up: India rate cut, Defence spending, Household income
Wed 04 March 2015 06:08
The central bank in India has cut rates for the second time in two months, lowering its main interest rate by 25 basis points to 7.5% due to faster-than-expected disinflation and recent budgetary reforms, wrote the Financial Times.
Tuesday newspaper round-up: Greece, Netanyahu Vs. Obama, UN austerity
Tue 03 March 2015 06:54
Greece will tap its final pension reserves at the country's central bank if required to avoid catastrophic default to the International Monetary Fund, according to The Telegraph.
Monday newspaper round-up: Scottish oil, HSBC, US army
Mon 02 March 2015 06:47
The Scottish oil industry desperately needs state support to prevent drilling fields from becoming uneconomic and prematurely abandoned, Gordon Brown told The Guardian.
Sunday newspaper round-up: Opec, HSBC, Afren bid battle
Sun 01 March 2015 15:52
A fierce dispute is set to break out within the key organisation behind fixing world oil prices, according to the Sunday Telegraph. The Organisation of the Petroleum Exporting Countries (Opec) is torn about who will replace the current secretary general o
Market overview: FTSE ends slightly lower after slate of US economic data
Fri 27 February 2015 10:13
1630 (Close): The FTSE ended down 3.07 points to 6946.66 as investors weighed a batch of economic data in the US. Reports showed US gross domestic product in the fourth quarter slowed in the fourth quarter and US consumer confidence declined in February.
Friday newspaper round-up: Greek bailout, Ukraine gas, National Rail
Fri 27 February 2015 07:04
Germany is expected to approve a new bailout deal for Greece on Friday, The Telegraph reported.
Thursday newspaper round-up: HSBC, RBS, Pharmacyclics
Thu 26 February 2015 06:45
HSBC boss Stuart Gulliver apologised to MPs on Wednesday for the "unacceptable events" at the bank's Swiss subsidiary following revelations about tax-avoidance activities in the mid-2000s, reports The Independent. He said it had caused "damage to trust an
Wednesday newspaper round-up: Greek bailout, HSBC boss, UK sends troops
Wed 25 February 2015 06:35
Doubts have shrouded whether Greece will follow its creditors' orders on budget cuts despite Eurozone finance minister approval for a four-month bailout extension, wrote The Wall Street Journal.
Tuesday newspaper round-up: Greece, Malcolm Rifkind, UKIP
Tue 24 February 2015 07:03
A six-page list of bailout extension reforms have been prepared for examination in Brussels on Tuesday, where the Eurozone's finance ministers are expected to decide whether Greece's proposals will be set in motion, said The Guardian.
Monday newspaper round-up: HSBC chief, Terrorism, UK wages
Mon 23 February 2015 05:56
Leaked files revealed that HSBC chief executive Stuart Gulliver hid millions of pounds in a Swiss account through a Panamanian company and is still tax domiciled in Hong Kong, according to The Guardian.
Sunday newspaper round-up: Morrisons, Lloyds Banking, Thomas Cook
Sun 22 February 2015 15:43
Morrisons is close to announcing that the ex-head of Tesco's Asian business will be its next Chief Executive, according to the Sunday Times. David Potts is the frontrunner to succeed Dalton Philips running Morrisons but the board is talking to two other c
Friday newspaper round-up: Investment banking probe, British Gas, Bank mis-selling
Fri 20 February 2015 06:52
Investment banks in the UK are facing a competition probe by the Financial Conduct Authority, according to the Financial Times. The regulator "could force banks to stop selling products and be more transparent about how they charge clients", the paper sai
Thursday newspaper round-up: Putin tactics, Nestle results, Social housing shortage
Thu 19 February 2015 06:14
British defence secretary Michael Fallon has warned that Russian president Vladimir Putin could repeat destabilising tactics against Baltic members of the Nato alliance that were previously used against Ukraine, according to The Guardian.
Wednesday newspaper round-up: Windfarm project, Greek bailout, US tech terror
Wed 18 February 2015 06:00
The world's largest offshore windfarm project expected to cost between £6bn and £8bn has been approved for construction off the Yorkshire coast by the UK's energy secretary, The Guardian said.
Tuesday newspaper round-up: Ed Balls expenses, Greek talks, Amazon Prime
Tue 17 February 2015 06:09
Ed Balls has come under fire for claiming expenses for odd jobs without submitting receipts, undermining advice he gave to the British public about demanding receipts from tradesmen on Monday, wrote The Telegraph.
Monday newspaper round-up: Copenhagen shooting, £650m cyberattack, house prices...
Mon 16 February 2015 05:32
An Islamist extremist identified as ex-con Omar el-Hussein shot two people during two separate incidents in Copenhagen on Saturday before being killed by police early Sunday morning, according to The Telegraph.
Sunday newspaper round-up: Centrica, Tesco, Lloyds
Sun 15 February 2015 16:34
Centrica is set to slash spending, cut jobs and severely write down the value of its business when it reports annual results on February 19th, according to the Sunday Times. British Gas's parent could also cut its dividend in response to profits falling b
Friday newspaper round-up: Ukraine ceasefire, 1m new homes, Disposable income
Fri 13 February 2015 06:09
A ceasefire deal has been struck between Russia and Ukraine after 17-hour-long negotiations took place on Thursday, The Wall Street Journal reported.
Thursday newspaper round-up: Greek talks, Shell boss, Zurich results
Thu 12 February 2015 05:13
Six-hour talks between Eurozone finance ministers in Brussels failed to come to terms with demands made by the new Greek government, reported the Financial Times.
Wednesday newspaper round-up: Tory/HSBC scandal, Driverless cars, UK defence
Wed 11 February 2015 06:06
Prime Minister David Cameron has come under fire for appointing Lord Green of Hurstpierpoint as trade minister in 2011 after it was revealed he was responsible for HSBC's Swiss private banking business, according to The Times. HSBC has been caught out in
Tuesday newspaper round-up: HSBC questioning, Cameron pay rises, Qualcomm fine
Tue 10 February 2015 05:52
The ex-head of Revenue and Customs and an ex-government minister have been called to explain how HSBC clients were able to hide £135m in the firm's Swiss branch without criminal charges, according to The Times.
Monday newspaper round-up: HSBC tax dodge, UK pensioners, CGT loophole
Mon 09 February 2015 05:11
Leaked bank account files have revealed that HSBC's Swiss banking branch took part in tax avoidance schemes, helping well-off customers hide millions of dollars in assets, untraceable cash and domestic tax loopholes, wrote The Guardian.
Sunday newspaper round-up: Tesco, inflation, North Sea oil
Sun 08 February 2015 17:09
Tesco has told suppliers to cut prices to reflect the falling price of raw materials, the Sunday Times said. The supermarket group has warned its suppliers their products could be taken off shelves if they refuse to do so, according to emails setting out
Friday newspaper round-up: Vladimir Putin, ISIS, Mortgage rate war
Fri 06 February 2015 05:33
Russian President Vladimir Putin has spilt political opinion with a surprise peace plan for Ukraine, The Times reported. While France and Germany seem eager to encourage the ceasefire and UN deployment, the UK and the US remain unconvinced.
Thursday newspaper round-up: BT buys EE, Starbucks profits, Rising wages
Thu 05 February 2015 05:15
BT has finalised a £12.5bn deal to purchase EE from Deutsche Telecom and Orange, according to The Telegraph. Talks have been taking place since December and reports claim an agreement was reached Wednesday night.
Wednesday newspaper round-up: TransAsia, B'ham finance plans, Eurocell flotation
Wed 04 February 2015 05:21
Two people have been confirmed dead after a TransAsia flight crashed in Taiwan's Keelung River, wrote The Guardian. Flight GE235 had 53 passengers and five crew members on board when it came down over buildings and cars to land in the river, said the pape
Tuesday newspaper round-up: £2.6bn NHS charge, Tory school cuts, News Corp cleared
Tue 03 February 2015 06:24
The bill for agency workers has hit £2.6bn a year in England, according to The Guardian, as senior A&E specialists profit from NHS staff shortages.
Monday newspaper round-up: Financial sector suffers, Tuition fees slashed, Untaxed earnings levy...
Mon 02 February 2015 05:49
The Telegraph wrote that Britain's financial sector is suffering from the country's "diminishing influence" in the EU as political interference from Brussels drives a flawed and unreliable system of red tape.
Sunday newspaper round-up: Lloyds, BT, Standard Chartered
Sun 01 February 2015 13:33
Lloyds Banking Group is preparing to pay a dividend for the first time since it was bailed out by taxpayers, the Sunday Telegraph reported. The board will sign off the group's annual results and then ask the Bank of England permission to pay a dividend be
Friday newspaper round-up: Big Six, UK deflation, Heathrow plans...
Fri 30 January 2015 06:09
Energy firms will boost their profits by £37 per household in 2015 due to the decrease in gas prices, new data has revealed in a further push for the Big Six to slash bills. The Telegraph wrote that despite recent price cuts, pre-tax profits for 2015 cou
Thursday newspaper round-up: Tesco, Mark Carney, McDonald's...
Thu 29 January 2015 06:00
Tesco chief executive Dave Lewis revealed the names of 43 Tesco stores that will be closed down in an attempt to reduce overheads, said the City A.M. The chain revealed it will close 30 convenience stores, including 18 express outlets and 12 inner-city Me
Wednesday newspaper round-up: NHS, Ed Miliband, Ebola...
Wed 28 January 2015 06:53
A drug worth £10m per patient will soon be available on the NHS after gaining approval, said The Times. The drug is called Eculizumab and will provide life-saving treatment for around 200 people a year with a rare kidney condition. The paper claimed that
Tuesday newspaper round-up: SSE cuts, Starbucks, UK construction...
Tue 27 January 2015 06:18
SSE has become the fifth big energy supplier to cut household bills after the slump in wholesale costs, wrote The Times. The 4.1% cut in gas prices, equivalent to £28 off an annual gas bill, will not take effect until April 30, however, when most househo
Monday newspaper round-up: Greek election, IS hack, IAG takeover...
Mon 26 January 2015 07:08
Greece sent shockwaves across Europe last night as anti-austerity party that has promised to end austerity and refuse to take orders from Berlin and Brussels triumphed in the country's election, wrote The Times. Syriza, founded by ex-communists and led by
Sunday newspaper round-up: IAG, Oil price collapse, Standard Chartered
Sun 25 January 2015 18:23
International Airlines Group (IAG) is close to buying Aer Lingus after bidding €1.3bn for the Irish airline, according to the Sunday Times and the Sunday Telegraph. Aer Lingus's board is ready to recommend the third approach from IAG, the parent of Brit
Friday newspaper round-up: Saudi King, Iran nuclear talks, O2 takeover...
Fri 23 January 2015 06:31
Saudi state TV says King Abdullah, the purported US ally who joined Washington's fight against al-Qaeda, has died following a swirl of reports and rumours about his declining health, The Guardian published. His 79-year-old half brother, Crown Prince Salma
Thursday newspaper round-up: Cost of living, Ebay cuts, Tobacco packaging...
Thu 22 January 2015 05:57
The Independent printed that average pay is rising at more than three times the cost of living according to official figures - but the Bank of England yesterday hinted the good news may not last. In a boost to household budgets across the country, the pap
Wednesday newspaper round-up: BP challenged, UK wine industry, Eversholt...
Wed 21 January 2015 06:25
Oil giant BP is being challenged to confront the risk that climate change may pose to its future in a shareholder resolution published on Wednesday, The Guardian wrote. Pension funds controlling hundreds of billions of pounds are among the 150 investors d
Tuesday's newspaper round-up: William Hill results glitch, Leahy talks...
Tue 20 January 2015 05:14
William Hill was forced to release its latest trading statement 11 hours earlier than planned after an administrative error, The Telegraph reported. According to the paper, the bookmaker officially sent out the figures, which showed that profits fell 7% i
Monday newspaper round-up: John Laing, North-South divide, UK incomes...
Mon 19 January 2015 05:15
John Laing is preparing to announce a flotation on the London Stock Exchange today as the infrastructure investment group becomes the latest business to take the plunge and be listed before the general election in May, said The Times. The initial public o
Sunday newspaper round-up: Enquest, Britain's economy, Bank of England
Sun 18 January 2015 19:00
EnQuest is cutting spending, jobs and pay in an effort to avoid breaking the terms of its bank loans, the Sunday Times reported. The biggest independent UK North Sea oil producer's shares have fallen 80% since last summer as the price of crude oil collaps
Friday newspaper round-up: Belgium anti-terror, IMF, BP...
Fri 16 January 2015 06:57
Two people were killed and one other was arrested in an anti-terror operation on Thursday in Verviers, eastern Belgium, reports The Independent. "Prosecutors said that the alleged terror cell was suspected of planning attacks on police stations, where sec
Thursday newspaper round-up: RBS, BlackBerry, North Sea oil...
Thu 15 January 2015 06:49
RBS has admitted to mis-selling taxpayer-backed loans to small business, according to The Times. "An internal investigation at the lender has revealed serious failings in the way in which it used the Enterprise Finance Guarantee, a government scheme desig
Wednesday newspaper round-up: Mark Carney, World Bank, Morrisons...
Wed 14 January 2015 06:55
Bank of England governor Mark Carney has warned that the UK is in danger of falling into deflation after figures showed that consumer prices rose at their lowest annual rate in over 14 years in December, writes The Telegraph. In interviews with the BBC an
Tuesday newspaper round-up: Sellafield, ECB stimulus, Auto Trader...
Tue 13 January 2015 06:46
A Â£9bn contract to clean up the Sellafield nuclear waste is to be torn up, the government is expected to announce, writes The Times. The early termination of the contract awarded to Nuclear Management Partners in 2008, an industrial consortium including
Monday newspaper round-up: Shire, Charlie Hebdo march, RBS...
Mon 12 January 2015 06:40
Shire has agreed to buy rare diseases specialist NPS Pharmaceuticals for $5.2bn as it bounces back from the collapse of a Â£32bn takeover by AbbVie, The Times reports. The company said it is "clearly a statement from us that we are committed to an indepen
Sunday newspaper round-up: IAG, North Sea, Morrisons
Sun 11 January 2015 19:53
International Airlines Group (IAG) may have to pay as much as â‚¬1.6bn to buy Aer Lingus, one of the Irish airline's biggest shareholders told the Sunday Telegraph. Richard Bernstein, investment adviser at Crystal Amber, which owns 2.8% of Aer Lingus, cal
Friday newspaper round-up: Chinese PPI, Google, Sports Direct...
Fri 09 January 2015 07:00
Producer prices in China fell by their most in over two years in December, "adding to fears that deflation beckons in the world's second-largest economy", writes the Financial Times. Factory gate prices dropped by 3.3% year-on-year last month, the largest
Thursday newspaper round-up: StanChart, Oil prices, City Link...
Thu 08 January 2015 06:43
Banking group Standard Chartered has exited its global equities business, the Financial Times writes, "in an abrupt move that underscores the bank's efforts to cut costs and refocus its business, and is also axing another 2,000 jobs in its retail division
Wednesday newspaper round-up: Bank of England, Opec, Russia
Wed 07 January 2015 08:15
The Bank of England's lack of preparedness for the financial crisis that struck in 2007 has been laid bare with the publication for the first time of the secret discussions that took place between top officials and directors. Minutes of the Bank's board a
Tuesday newspaper round-up: Verizon-AOL, RBS, Tesco...
Tue 06 January 2015 06:43
Verizon Communications is in talks with AOL about a possible deal to take over the latter or set up a joint venture, The Telegraph said, citing reports. It is thought that Verizon wants to use AOL to expand its mobile video operations.
Monday newspaper round-up: ECB, UK retailers, PRA...
Mon 05 January 2015 06:40
A Financial Times survey of economists has uncovered scepticism surrounding a potential quantitative easing (QE) programme by the European Central Bank. Most economists questioned by the paper said they expected growth and inflation to remain weak even wi
Sunday newspaper round-up: Tesco, Flotations, ECB
Mon 05 January 2015 02:29
Tesco will scrap the system of rebates and penalty fees it uses to extract money from suppliers, the Sunday Times said. In a trading statement due on January 8th, Chief Executive Dave Lewis will replace the complex arrangements with a simple scheme based
Friday newspaper round-up: Petrol prices, Public borrowing, British supermarkets
Fri 02 January 2015 09:26
Petrol prices are heading to below £1 a litre for the first time since 2009 in a big pre-election boost for consumers. Plunging world oil prices coupled with a new supermarket price war is driving down pump prices, lowering inflation and leaving consumer
Wednesday newspaper round-up: BP, North Sea workers, City Link...
Wed 31 December 2014 07:12
BP has launched an internal investigation to see whether traders on its foreign exchange desk attempted to rig the currency market, according to The Telegraph. The company admitted it had "conducted a review" after reports that staff had been told of plan
Tuesday newspaper round-up: Ebola, Greece, City Link...
Tue 30 December 2014 06:53
A woman returning home from Sierra Leone has become the first person in the UK to be diagnosed with Ebola, according to The Telegraph. Britain's screening system for the disease immediately came under scrutiny after the NHS nurse's condition was not detec
Monday newspaper round-up: Chief executives, Royal Bank of Scotland, UK Politics
Mon 29 December 2014 07:24
A quarter of chief executives in the FTSE 100 enjoyed increases in their take-home pay of more than 30% last year despite a continuing squeeze in wages at shop-floor level. However, the report found evidence of restraint ahead: the boards of Britain's top
Sunday newspaper round-up: Tesco, Oil explorers, Sainsbury's
Sun 28 December 2014 17:17
Tesco is testing a discount format in its One Stop chain, indicating the group could be considering new ways to combat Aldi and Lidl, the Sunday Times said. Three One Stop branches have been trading as discounters with low prices and limited ranges for th
Wednesday newspaper round-up: Russia, Sony Pictures, RBS...
Wed 24 December 2014 06:43
Credit rating agency Standard & Poor's has put Russia's rating on a 'negative' outlook, raising the prospect that it could downgrade the country's debt to 'junk' within weeks, The Times writes. S&P cited the "impact of the weakening economy on its financi
Tuesday newspaper round-up: Russia, North Korea, BP...
Tue 23 December 2014 06:54
According to Alexis Kudrin, Moscow's former finance minister and a key ally of president Vladimir Putin, Russia is heading for a "full-blown economic crisis", writes The Times. He said that the turmoil could trigger a wave of corporate defaults across the
Monday newspaper round-up: House prices, North Sea oil, OPEC...
Mon 22 December 2014 06:38
House prices in London fell below the £500,000 mark on average in November, reports The Guardian. According to figures from real estate agency Haart, while prices rose nationally by 0.6% in the past month, they fell by 1.9% in the capital. Prices in Nort
Sunday newspaper round-up: Catlin, North Sea, Banks
Sun 21 December 2014 19:57
Lloyd's of London insurer Catlin has agreed to be taken over by rival XL, the Sunday Times reported. The deal was sealed on the night of December 20th and is broadly in line with terms revealed to the market last week. Catlin shareholders will get 410p in
Friday newspaper round-up: IAG and Aer Lingus, North Sea oil, Unilever and RB...
Fri 19 December 2014 06:55
The Times has printed a story on British Airways owner IAG's revelation that a secret €1bn-plus takeover of Aer Lingus was rejected by the Irish carrier's board. According to the new source, a takeover by IAG would have seen the airline seize even more
Thursday newspaper round-up: Federal Reserve, Tesco, Lloyds...
Thu 18 December 2014 06:53
US stock markets soared on Wednesday night after the Federal Reserve "gave its clearest signal yet that it intends to raise borrowing costs by - or even before - the middle of next year", writes The Times. Fed chair Janet Yellen said the bank was "unlikel
Wednesday newspaper round-up: Russia, OPEC, Federal Reserve...
Wed 17 December 2014 06:49
Russia has lost control of its economy and may be forced to impose Soviet-style exchange controls after "shock and awe" action by the central bank failed to stem the collapse of the rouble, according to The Telegraph. The paper quoted the central bank's v
Tuesday newspaper round-up: BT/EE, Russian interest rates, Sydney siege..
Tue 16 December 2014 06:34
BT has rejected a simpler takeover of O2 in favour of exclusive talks to buy Britain's biggest mobile operator, EE, for £12.5bn. However, according to The Telegraph, the combined entity will control "an unrivalled chunk of Britain's mobile airwaves" and
Monday newspaper round-up: London house prices, PetSmart, OPEC
Mon 15 December 2014 07:02
The average asking price of a home in London has fallen by over £30,000 over the past month, The Daily Telegraph writes.
Sunday newspaper round-up: BT, RBS, Tesco
Sun 14 December 2014 19:45
BT is expected to announce as soon as December 15th whether it plans to buy EE or O2 to reenter the mobile phone market, The Sunday Times reported. The FTSE 100 telecoms company was working on a deal at the weekend with a statement due early in the coming
Friday newspaper round-up: Water bills, Barclays, US spending bill...
Fri 12 December 2014 06:52
The Telegraph has said that household water bills across England and Wales are to fall by 5% in real terms by 2019-2020 following a decision by Ofwat. "The ruling will almost certainly hit the profits of the UK's water companies," the paper said.
Thursday newspaper round-up: Carney, Instagram, Glencore...
Thu 11 December 2014 06:43
"Britain's first interest rate move in more than six years edged a little closer yesterday as Bank of England governor Mark Carney joined hawk Ian 'McCafferty in hinting that 'action may soon be called for," The Scotsman writes. Carney reportedly said tha
Wednesday newspaper round-up: StanChart, G4S/Serco, Oil services firms
Wed 10 December 2014 07:00
According to The Guardian, Standard Chartered is under fresh scrutiny from US regulators. The bank's two-year deferred prosecution agreement imposed two years ago for US breaching sanctions towards Iran has been extended for three years. US authorities, w
Tuesday newspaper round-up: FCA, Tesco, Chinese stocks
Mon 08 December 2014 08:27
Several senior executives at the Financial Conduct Authority will have to do without their bonuses. The decision was taken in anticipation of a report prepared by Clifford Chance, to be released on Wednesday, which will heavily criticise them for a blunde
Monday newspaper round-up: Mortgages, US dollar, Retail sales
Mon 08 December 2014 06:12
The vast majority of people with mortgages could withstand an increase in interest rates of up to two percentage points, the Bank of England's latest annual survey of household finances showed. That marks a significant shift in the central bank's thinking
Sunday newspaper round-up: BP, Sainsbury, Premier Foods
Sun 07 December 2014 17:59
BP will shed middle managers and put projects on hold as it deals with the falling price of oil, the Sunday Times reported. Finance Director Brian Gilvary told the paper headcounts were falling across all operations and that it would cut the estimated pri
Friday newspaper round-up: Osborne, Real wage fall, FCA official to quit
Thu 04 December 2014 18:26
The new regulations announced by UK Chancellor George Osborne in the Autumn Statement have "increased the risk in the public finances" according to the Institute for Fiscal Studies.
Thursday newspaper round-up: Google Tax, Stamp duty, Heathrow...
Wed 03 December 2014 20:32
The UK will launch a crackdown on multinational tax avoidance with a hefty new tax helmed by George Osborne. The 25% levy described as the 'Google Tax' will target big tech giants such as Apple, Google as well as other globally renowned firms such as Amaz
Wednesday newspaper round-up: Autumn Statement, UK food prices, Schlumberger...
Wed 03 December 2014 06:49
UK Chancellor George Osborne is expected to use Wednesday's Autumn Statement to deliver a near financial injection to Britain's economy by boosting small-to-medium enterprises (SMEs) with nearly £1bn. Osborne is predicted to hand an additional £400m ove
Tuesday newspaper round-up: Tesco, Bicester, Rouble...
Tue 02 December 2014 06:51
New Tesco boss Dave Lewis is planning to bring Matt Simister, one of the eight executives suspended after an accounting irregularity, back to the company as he takes direct control of the retailer, the Telegraph has said. Lewis said that Simister had actu
Mon 01 December 2014 20:51
The Russian rouble plummeted the furthest it's fallen in once day since 1998 during the default crisis. Capital flight has accelerated, raising the risk of emergency exchange controls and greatly affecting companies currently holding onto more than $680bm
Monday newspaper round-up: Cyber Monday, Co-op, Osborne
Mon 01 December 2014 07:08
Over 25m shoppers are expected to buy gifts online on 1 December, with £451,000 expected to be spent every minute, the Guardian reports.
Sunday newspaper round-up: Balfour Beatty, Canary Wharf, Vodafone
Sun 30 November 2014 15:25
Balfour Beatty could be broken up as John Laing Infrastructure Fund considers a billion-pound bid for the company's investment arm, the Sunday Times reported. John Laing is interested in bidding for Balfour's 60 private finance initiative (PFI) contracts.
Friday newspaper round-up: Opec, BG, Amazon, Wikipedia
Fri 28 November 2014 07:29
Oil prices plummeted to a new four-year low on Thursday, after members of the Organisation of the Petroleum Exporting Countries could not reach an agreement on cutting output, the Times reports.
Thursday newspaper round-up: Scotland, GSK, BG, Stagecoach
Thu 27 November 2014 02:04
Scottish MPs will be entitled to vote on UK budgets even though control over income tax will soon be transferred over to the Edinburgh parliament, Labour has revealed shortly before the publication of a cross-party devolution deal on Thursday, the Financi
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