UK economy grew by 2.6% annually, not 3%, official data showed
The British economy did not grow by 3% between Q3 2013 and Q3 2014, but by only 2.6%, the Office for National Statistics (ONS)...
Take cyber threats more seriously, Bank of England tells bankers
Cyber threats pose a serious risk to banks and senior executives need to take them more seriously, the Bank of England’s policymakers warned in...
Thorntons profit warning sent shares plummeting
After warning investors that profits would fall this year, chocolate firm Thorntons’ shares plunged 25% to 86p when the London Stock Exchange opened on...
P&G selling its soap brands Camay and Zest to Unilever Plc
Procter & Gamble Co (P&G) announced it will be selling its soap brands Camay and Zest to Unilever Plc.
P&G said that the sale, for...
Canadian budget deficit widens to C$3.21bn due to tax benefits
Tax benefits announced by the Conservative government have caused a widening of the Canada’s budget deficit to C$3.21 billion in October compared to C$2.48...
DBRS Ltd. to be acquired by Carlyle Group LP and Warburg Pincus
DBRS Ltd., the largest credit rating agency in Canada, is going to be acquired by the US private equity firms Carlyle Group LP and Warburg...
City financiers expect 21% bonus rise for 2014, despite scandals
Most senior City staff forecast that bonuses for 2014 will be 21% higher than last year, a survey from recruitment firm Astbury Marsden reported...
New Tesco probe by Financial Reporting Council
The Financial Reporting Council (FRC) announced on Monday it had started an investigation into the approval and audit of Tesco plc’s financial statements for...
Larger wage increases coming to UK in 2015, two sources say
Pay rises in 2015 will be bigger than they were in 2014, say two sources – BoE MPC member Martin Weale and CBI deputy...
Best S&P 500 gain in two years
The S&P 500, which lists the stock prices of the 500 largest companies on the New York Stock Exchange, had its best weekly gain...