UK consumer borrowing surged by £1.2 billion
Between February and March consumer borrowing in the UK increased by £1.2 billion.
According to figures from the Bank of England, this is the largest increase...
Berkshire Hathaway posts 10 percent increase in first-quarter profit
Berkshire Hathaway Inc posted a 10 percent increase in profit for the first-quarter of 2015, driven by solid performance in its insurance and railroad...
DreamWorks posts bigger than expected first-quarter loss
DreamWorks Animation SKG Inc posted a bigger than expected first-quarter loss on Thursday because of restructuring charges as the studio continues to downsize.
The company’s...
RBS reports first quarter net loss of £446 million
Royal Bank of Scotland (RBS) posted a net loss of £446 million in the first quarter of 2015 because of legal and restructuring costs,...
MasterCard Inc. reports 17 percent increase in first quarter profit
MasterCard Inc. posted a better than expected 17% increase in first quarter profit, driven by lower operating expenses and higher purchase volumes.
The company's first...
Barclays set aside extra £800 million to cover potential settlements
Barclays set aside another £800 million to cover potential settlements for its alleged involvement in foreign exchange manipulation after posting a 9% increase in...
Deutsche Bank says it will deconsolidate Postbank
Deutsche Bank said on Friday that it plans to deconsolidate its Postbank retail banking unit and cut risks in investment banking as it faces...
UK economy forecast to grow by 2.8% in 2015
According to an EY Item Club report, low inflation and eurozone growth is set to help the British economy grow by 2.8% this year.
The...
Osborne vows to sell remaining government stake in Lloyds Bank
George Osborne announced on Sunday that he plans on selling billions of pounds worth of Lloyds shares if the Conservative party wins the UK...
IMF is committed to a “robust, balanced, and job-rich global economy”
On Saturday the IMF warned that despite robust growth in advancing economies, developing economies are facing pressure from weak commodity prices and exports.
The organization...