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Economic-news

Premier Foods

Aldi implements 'healthy tills' from January

Wed, 27 August 2014

Aldi supermarket has introduced 'healthier tills' across its UK stores, it said on Wednesday. Chocolates and sweets will be replaced by dried fruit, nuts, juices and water at the checkout points. Th... [more]

Premier Foods

Discount supermarkets eat into price inflation and Tesco market share

Wed, 27 August 2014

Grocery price inflation has dropped to a low of 0.2% in recent weeks, the influence of discount supermarkets held back the sector's growth and contributed to a massive decline in Tesco's market share.... [more]

Post

TNT advert banned by ASA over Royal Mail complaint

Wed, 27 August 2014

A TNT advert was banned on Wednesday following a Royal Mail complaint over misleading information. The Advertising Standards Authority (ASA) decided the ad should be banned as some statements in the ... [more]

Homeowners

New FCA mortgage market rules not hitting lending says CML

Wed, 27 August 2014

New mortgage market rules imposed by the financial regulator have not had any major effect on the the market so far, with the number of first time buyers registering a strong increase even as affordab... [more]

Balfour Beatty; engineering; construction

John Laing has good H1 but says price caution may hit growth

Wed, 27 August 2014

John Laing Infrastructure Fund (JLIF) saw positive first-half year results but said "strict pricing discipline" may reduce the speed of the company's growth. The infrastructure developer increased it... [more]

Burger King buys Tim Hortons for $11bn

Tue, 26 August 2014

Burger King is buying Canadian doughnuts chain Tim Hortons for $11bn and moving its headquarters to Canada. The deal was confirmed on Tuesday and it will create the world's third-largest fast-food co... [more]

Rolls-Royce takes over engine supplier RRPS for €2.43bn

Tue, 26 August 2014

Rolls-Royce said on Tuesday it acquired the remaining half of Rolls-Royce Power Systems (RRPS) for €2.43bn. The engine supplier was previously jointly owned by Rolls-Royce and the motor company... [more]

UK has half a million 'property millionaires', says Zoopla

Tue, 26 August 2014

Nearly half a million of Britain's home owners are now 'property millionaires' according to property website Zoopla. The Property Rich List 2014 from Zoopla released on Tuesday noted 484,081 home own... [more]

Riverstone Holdings invests $200m in Norwegian oil explorer

Tue, 26 August 2014

Energy and power investor Riverstone Holdings on Tuesday said it was investing $200m in new Norwegian oil & gas company Origo Exploration. Barclays Natural Resource Investments will also contribu... [more]

UK savings rise in July as new ISA rules kick in

Tue, 26 August 2014

British savers stashed more cash in their bank accounts last month following changes in this year's Budget, according to industry figures released on Tuesday. Personal deposits rose by 3.5% or £... [more]

Cable & Wireless Communications buys Panama's Sonitel for $36m

Tue, 26 August 2014

Cable & Wireless Communications (CWC) said on Tuesday it acquired Panama-based Grupo Sonitel through its subsidiary Cable & Wireless Panama. The British telecoms company will pay $36m and an ... [more]

UK service firms endure slowest growth in a year

Tue, 26 August 2014

The UK services industry slumped to its slowest growth in a year in the last three months, according to a survey out on Tuesday. Business volumes in the three months to August rose at their weakest r... [more]

UK mining, gas and oil companies to report any payments made overseas

Fri, 22 August 2014

UK mining, gas and oil companies will have to report any payments they make to governments in all the countries they operate in under new legislation. The government's rule will bring more transparen... [more]

Vodafone Greece strikes €72.7m deal for Hellas Online

Fri, 22 August 2014

The Greek arm of mobile phone giant Vodafone is taking control of Greek phone and broadband supplier Hellas Online for €72.7m. Vodafone Greece has bought a controlling stake in Hellas from the ... [more]

Syria conflict kills over 191,000 in three years, United Nations say

Fri, 22 August 2014

Syria's civil war has killed more than 191,000 people in the three years of conflict, the United Nations said on Friday. The previous figures dated from July 2013, when the UN reported 100,000 people... [more]

Co-op Bank reports lower losses but sees "much to be done"

Fri, 22 August 2014

Troubled Co-operative Bank unveiled a big narrowing in half-year losses on Friday, but said there was still much to do to return it to financial health. The bank announced a £75.8m loss before t... [more]

EDF Energy to pay £3m after customer complaints, Ofgem says

Fri, 22 August 2014

EDF Energy will pay £3m to customers as the supplier failed to handle complaints about their IT system, the regulator Ofgem said on Friday. An Ofgem investigation concluded EDF Energy breached c... [more]

Scottish independence may put financial system at risk, HSBC says

Fri, 22 August 2014

HSBC chairman Douglas Flint said on Friday that Scottish independence would leave the country's financial system in a dangerous state and prompt "capital flight". Flint wrote in a column for a nation... [more]

Tube strike due on Friday over staff treatment row

Thu, 21 August 2014

Train drivers' union ASLEF said this week its members on London Underground's Central line will strike on Friday due to "the continued failure of management to adhere to agreements". Commuters face "... [more]

H-P delivers surprise revenue increase in Q3

Thu, 21 August 2014

Computer and hardware giant Hewlett-Packard (H-P) beat forecasts with a surprise 1% increase in third-quarter revenues to $27.6bn, helped by a jump in sales from its PC division. This was the first i... [more]

Food sales see first decline since records began, ONS says

Thu, 21 August 2014

Sales of food have declined for the first time since records began, with the quantity and the amount spent both seeing a drop as supermarkets do battle to win back market share. According to the Offi... [more]

Labour vows to introduce new energy regulator

Thu, 21 August 2014

Shadow energy secretary Caroline Flint will announce on Thursday that, if Labour were to win the general election in May, a new energy regulator would be given the power to revoke licences of supplier... [more]

Thailand's junta leader Prayuth appointed new prime minister

Thu, 21 August 2014

Thailand's general Prayuth Chan-ocha has been appointed as the new prime minister on Thursday, unsurprisingly as he was the only candidate. Prayuth led the coup against the former government last May... [more]

UK car makers drive best export results in a decade, SMMT says

Thu, 21 August 2014

British car production rose again in July as the boom in the industry continued, boosted by record exports. Manufacturers turned out 132,570 cars in July, up 2.8% year-on-year as 2014's steady growth... [more]

UK retail sales fall short of market hopes

Thu, 21 August 2014

UK retail sales came in lower than expected in July and the country's three-monthly borrowing figures rose, according to official data. Sales rose 0.1% in July against June and by 2.6% against the sa... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Petrofac Ltd. 1,149.00 2.32 17:04
Fresnillo 929.00 1.75 17:06
International Consolidated Airlines Group SA (CDI) 363.60 1.54 17:02
Morrison (Wm) Supermarkets 184.70 1.43 17:02
Associated British Foods 2,908.00 1.29 17:10

FTSE 100 Top Fallers

Name Last Chg.% Time
Sainsbury (J) 304.20 -2.59 17:10
Friends Life Group Limited 304.60 -1.65 17:02
CRH 1,398.00 -1.55 17:06
St James's Place 730.00 -1.35 17:08
United Utilities Group 896.50 -1.27 17:04