UK exports decline may undermine manufacturing growth, warns CBI
While growing during the three-month period ending in October 2014, the UK manufacturing’s pace of expansion slowed as new export orders weakened, according to...
Unilever posts weakest sales growth in nearly five years
Unilever's third quarter sales growth was the weakest in nearly five years. The company promised investors that further cost cuts, and new and cheaper...
Lloyds Banking Group to announce 9,000 job cuts
Lloyds Banking Group will be laying off around 9,000 people over the next three years. These 9,000 jobs represent about 10% of its total...
Spain’s unemployment rate drops to 23.7%
The Spanish unemployment rate is falling, with the number of Spaniards without a job dropping by 195,200 in the third quarter from the previous...
Debenhams posts 24.8 percent profit slump
British multinational department store chain Debenhams plc posted a 24.8% pre-tax profit decline to £87.2 million in the year to August 30, 2014, even...
Chinese manufacturing accelerates in October
Chinese manufacturing growth reached a three-month high in October, despite domestic and foreign demand slowing down, according to HSBC.
Commenting on the Flash China Manufacturing...
EU refuses to guarantee Ukraine’s Russian natural gas payments
Talks between Russia, Ukraine and the EU have broken down after the European Union refused to guarantee payments for Russian natural gas supplies to...
Abbott reports earnings of $538 million, hit by tax charge
Abbott Laboratories has reported third quarter earnings of $538 million (36 cents per share).
Its third quarter earnings are down 44 percent compared to $966...
Boeing reports third quarter revenue of $23.78 billion
Boeing earned $1.36 billion in its third quarter, an 18 percent increase from the same period last year, driven by strong demand for commercial...
GlaxoSmithKline 3rd quarter results beat expectations
London-based pharmaceutical giant GlaxoSmithKline plc posted a pre-tax profit of £548 million for the third-quarter (ending September 30). Although this was a fraction of...