European IPOs reaching record levels
Since the summer of 2013, the jump in European IPOs is reaching record levels. The second quarter of 2014 posted the best Q2 since...
US consumer spending increased in June
According to Deloitte, US consumer spending increased in June, reversing a recent trend. The Deloitte Consumer Spending Index monitors consumer cash flow as an...
RBS profit jump pleases investors
Preliminary interim results showing a pre-tax RBS profit jump to £2.65 billion ($4.5 billion) for H1 2014, compared to £1,374 in H1 2013, surprised...
Destination Maternity Mothercare bid over
The Destination Maternity Mothercare bid is over, says the world’s largest designer and retailer of maternity clothing. The US chain said in a statement...
Eurozone economic activity little improved
The Eurozone Leading Economic Index (LEI) increased by 0.4% in May, following a 0.2% fall in April, says The Conference Board. Eurozone economic activity...
Do Narcissistic CEOs perform better than others?
When it comes to financial measures, narcissistic CEOs perform better than others, researchers found in a new study. This “dark side of the executive...
UK economy recovered completely in second quarter
In the second quarter of 2014, the UK economy recovered completely from the economic shrinkage caused by the financial crisis and the Great Recession that followed....
Credit Suisse Q2 2014 loss
After having to pay a $2.6 billion settlement with US authorities for helping Americans dodge taxes, a Credit Suisse Q2 2014 loss of 700 million francs...
Serious Fraud Office Forex trading probe launched, UK
A Serious Fraud Office forex trading probe has been announced in the UK. The criminal investigation into alleged price rigging in the $5.3 trillion...
Tesco CEO leaves as Unilever executive comes in
Philip Clarke, Tesco CEO leaves, making way for Unilever’s Global President of Personal Care, Dave Lewis. The UK supermarket chain, the second largest retailer...