UK sold off £2.1 billion stake in RBS, Osborne being criticised
The UK sold off a £2.1bn stake in Royal Bank of Scotland (RBS), representing the return of the company to the private sector and...
HSBC pre-tax profit up 10 percent in first half of the year
HSBC posted a 10 percent increase in profit in the first half of this year compared to the same period last year.
In the first...
US economy rebounds, growth climbs up to 2.3%
The US economy returned to growth in the second quarter, according to what the latest Commerce Department data showed Thursday in Washington.
The American economy...
Sky plc reports 18 percent jump in yearly earnings
UK-based Sky plc reported an 18 percent jump in earnings for the year to 30 June, posting operating profits of £1.4 billion on revenues...
UK GDP grew 0.7 percent in second quarter
The UK economy bounced back in the second quarter, driven by rebounding services activity and industrial output, according to the Office for National Statistics.
The...
UBS expected to post Q2 revenue of 1.5 billion francs
UBS is expected to announce an increase in quarterly net profit of around 25 percent (year-on-year), according to SonntagsZeitung - citing an anonymous source.
The...
UK interest rates could rise soon despite BoE vote to hold steady
All members of the Bank of England’s Monetary Policy Committee voted to keep interest rates at 0.5 percent on July 8, including Martin Weale...
UK government borrowing dropped to record low in June
UK government borrowing dropped in June to the lowest level for the month in seven years, suggesting that the recent economic recovery is helping...
Martin Wheatley standing down as head of FCA
There is now a global search for a new head of the Financial Conduct Authority (FCA) after it was announced that Martin Wheatley will...
Bank of England could increase interest rates this year
The Governor of the Bank of England indicated on Thursday night that interest rates in the UK could begin to increase by the end...