Category: Articles

Shares in UK supermarket giant Tesco fell to an 11-year low after the firm issued a lower than expected profit forecast.

The spectre of more EU sanctions has helped the Russian rouble set a new record low, as it fell to 37.03 per US dollar on Friday.

The latest official figures have revealed that the economies of Japan, China and Brazil continue to lose drive, as the Indian market enjoys significant growth.

Richard Branson’s Virgin brand has launched a new competition aimed at Britain's food start-up companies.

Foreign direct investment in Zimbabwe has slumped by more than half, according to the head of the African country's central bank.

The world’s biggest mining company, BHP Billiton, has announced plans to spin-off some its metals and mining assets.

Kremlin-managed energy company Rosneft has partnered with Norwegian firm Statoil to look for oil in the Arctic.

One of the biggest Banana firms in the world, Chiquita, has knocked back a joint takeover bid of $611m (£366m) (€457m) from Cutrale and Safra.

Chinese PC manufacturer Lenovo has announced a 23% increase in net profits, with the firm saying it will continue to look for acquisition opportunities.

New proposals being discussed by the UK Treasury could see hundreds of thousands of non-residents have their tax-free allowance on their UK earnings taken away.

Official estimates released today, (Thursday 14 2014) have confirmed that growth in the Eurozone has ground to halt in Q2.

An annual survey has revealed that most Scots think an independent Scotland should retain the use of the pound.

Scandal hit security firm G4S has reported pre-tax profits of £85m for the first half of the year. The figures to the end of June compare to a loss over the same period last year of £94m.

New research reveals the scale and economic impact of unfilled vacancies on the UK economy – representing a staggering annual cost of over £18bn.

Ladbrokes has suffered a dip in profit of nearly 50% in the first half of the year. The bookmaker, which despite the sharp fall reported strong business throughout the World Cup in Brazil, also said it was in a good position for growth.

The Royal Bank of Scotland (RBS) is looking for a buyer for Coutts International. It is the foreign operation of the Swiss-based private bank which services HM Queen Elizabeth’s II personal account.

The ban on food imports imposed by Russia could see pork farmers in the UK facing pressure to lower prices, experts have warned.

Carillion is urging its sometime large project partner Balfour Beatty to re-join merger talks between the two firms, after they collapsed amid a US business Balfour wants to sell.

Baker & McKenzie has regained the title of the world’s largest law firm, seeing its revenue rise by 5% in the 2013/14 tax year.

Gambling company 888 Holdings has posted excellent Q2 results, with revenue growth being seen across each one of its gaming platforms.

The troubled flag-carrier of Malaysia is going to undergo a ‘wholesale change’, according to the country’s prime minister. The details of a restructuring plan are set to be announced this month.

The United States has announced plans to target firms based in the country from setting up tax centres outside of the country.

Walgreen's has rejected proposals to shift its tax base away from the US and to UK shores, after bringing the plans together raised concerns that it would not hold up to scrutiny.

Plans revealed by HM Revenue & Customs (HMRC) is set to make inheritance tax planning a bigger challenge for everyone except the super-rich.

UK interest rates have been held again by the Bank of England. They remain at a record low of 0.5%.

US - Africa Leaders Summit

DuPont today announced the election of Ulf M. "Mark" Schneider, President and CEO of Fresenius SE & Co. KGaA to its board of directors, effective 22 October.

Malcolm Marshall, UK and global lead in KPMG's cyber security practice says amid political disputes businesses need to be ready to defend themselves, as the cyberspace in which they operate increasingly becomes the new battleground.

Balfour Beatty, the international infrastructure group, has announced the award of a £129m scheme to upgrade a 13.4 mile stretch of the M3 through Hampshire and Surrey to a “smart motorway”.

Active Venture Partners has announced the appointment of two new team members with strong entrepreneurial and venture capital experience.

Tesco plc has announced that Dave Lewis will join the board of Tesco on 1 October 2014 as chief executive officer in succession to Philip Clarke.

New report shows five deals in total were announced on the UKCS in Q2 2014, down from the 10 transactions reported in Q.

Short-term thinking is distorting the debate on our energy future, risking investment and opportunity, according to Confederation of British Industry (CBI) deputy director-general Katja Hall.

New data released by the Chinese National Bureau of Statistics shows that the world's second-largest economy picked up momentum in Q2 2014.

Whitbread PLC, the multinational hotel, coffee shop and restaurant company headquartered in Dunstable, has announced the appointment of Richard Baker as chairman with effect from 1 September 2014.

The world's largest accountancy body, ACCA (the Association of Chartered Certified Accountants) has warned that urgent up-skilling in financial management across Whitehall was needed if the civil service was going to make long-term savings and improved service delivery.