GSK revenue increased six percent in second quarter
London-based multinational pharmaceutical giant GlaxoSmithKline (GSK) posted a six percent increase in second-quarter revenue to £5.89 billion ($9.19 billion).
It is the first full quarter...
UK’s “big four” supermarkets all post drop in sales
All of the UK’s “big four” supermarket chains posted a drop in sales over the last 12 weeks.
Asda posted the biggest loss and lost...
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...
New Intel Skylake processors will be much faster, leaked info reveals
Intel is unveiling its new Skylake processors this August, but leaked presentation slides of the chips have already circulated the web.
FanlessTech posted images of...
UK house prices pushed up by foreign criminals laundering “billions of pounds”
The National Crime Agency said that foreign criminals who launder their money by purchasing expensive properties in London are responsible for pushing up house...
Pearson in talks to sell its 50% stake in The Economist
Pearson, the UK-based education company, said that it is currently in talks to sell its 50% stake in The Economist Group - publisher of...
Heathrow calls for government to “get on” with airport expansion
The boss of Heathrow, the UK’s busiest airport, said that the government should "get on" with the airports' expansion after it posted a significant...
Ferrari set to go public on the NYSE
Fiat Chrysler Automobiles announced that it has filed a request with U.S. regulators to spin off Ferrari in an initial public offering.
The IPO is...
Japan’s Nikkei acquiring The Financial Times for £838 million
The Financial Times is being acquired by Japanese media group Nikkei from UK-based Pearson for £844 million payable in cash.
The deal represents the biggest...