UK FTSE 100 dropped to lowest level since 2012, finishes 2.4% weaker
The UK FTSE 100 dropped to its lowest level in over three and a half years on Wednesday, shedding 135 points - wiping £35...
Age UK suspends controversial branded energy deal with E.On
E.On and Age UK have temporarily suspended offering a branded 2 year fixed energy tariff to new and renewing customers. The suspension was prompted...
Seven countries call for EU to take action against cheap steel imports from China
Seven countries in Europe, including the UK, Germany and France have asked the European Union to take action against cheap steel imports from China...
HSBC reaches $470m settlement with US government over dubious mortgage lending
HSBC will pay $470m (£325m) to settle US federal and state charges over the bank’s involvement in dubious mortgage lending and loan origination practices...
BoE says it’s possible for interest rates to be cut ‘further towards zero’
The Bank of England just made an unexpected comment on the possibility of slashing interest rates again – for the first time since 2009.
The central...
Tesco paid suppliers late to improve own financial position
Supermarket giant Tesco deliberately paid its suppliers late, many of them significantly smaller companies that can easily fold because of cash flow problems, the...
Bank of Japan goes negative stocks jump and yen slides
The Bank of Japan surprised analysts by adopting negative interest rates, while stocks rose as investors hoped the US Federal Reserve would take its...
UK economic stability will be at risk if it leaves the EU, says BoE...
UK economic stability will be put at risk if it leaves the EU , according to recent comments made by BoE Governor Mark Carney.
Carney...
Ultra fast plane Antipode does London to New York in 11 minutes
Imagine an ultra fast plane that could get from London to New York in just eleven minutes – that is what the Antipode, designed...
Head of OPEC says oil producers need to help reduce global oversupply
OPEC secretary general Abdalla El-Badri said the world’s major oil producers need to help in reducing the global oversupply.
The head of OPEC wants to...