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Global economy is in a temporary slowdown, Goldman Sachs says
The global economy is in a “slowdown” phase that typically leads to a move away from risky assets, according to Goldman Sachs.
Shire reports good start to 2018 as Takeda deal beckons
Shire, which is in talks to be bought by Japan's Takeda Pharmaceutical, said it made a good start to 2018 as sales rose in the first quarter.
Facebook withstands scandal to beat first-quarter forecasts
Facebook’s first-quarter earnings beat expectations and the social network added millions of users as the company appeared to withstand a scandal involving the misuse of personal data, as tech chief Mike Schroepfer told UK parliament "radical transparency" measures will be introduced for political advertising.
Credit card spending and mortgage borrowing fall in March
UK households spent less on credit cards and mortgages for property purchases slumped in March, suggesting increased consumer caution as well as a hit from the Beast from the East.
FDM trades in line as Mounties revenue rises
FDM said first-quarter trading was in line with expectations as the IT services and recruitment company shifted towards higher-margin business.
Barclays sets out case against Bramson as profits inch up
Barclays began to set out its case against activist investor Edward Bramson by promising to return more cash to shareholders and highlighting the virtues of its diverse business.
Schroders assets under management fall in first quarter
Schroders reported a 2% fall in assets under management in the first quarter as equity markets tumbled.
BAT faces currency 'headwind' in 2018
British American Tobacco said it faced a currency “headwind” this year that will hit profits.
UK must pay Brexit bill if no trade deal struck, audit office head says
The head of the government’s spending watchdog has said the UK will have to pay up to £39bn for leaving the EU if no post-Brexit trade deal is struck.
Lloyds' strong start to 2018 helped by falling PPI bill
Lloyds Banking Group said it made a strong start to 2018 as a lower PPI bill helped it post a 23% increase in profit for the first quarter.
City will keep EU access if rules aligned, commission official says
The City will retain access to European markets if UK regulations are similar to the EU’s, a top European commission official has said.
Persimmon trading well ahead of testing AGM
Persimmon said it was trading well this year after customer enquiries and sales of its houses increased.
Neil Woodford urges investors to keep the faith after Prothena setback
Neil Woodford urged investors to stick with his investment trust after one of its biggest investments scrapped the most advanced drug in its pipeline.
Manufacturing growth and optimism weaken, CBI says
Manufacturing growth slowed in the three months to April as optimism among factory managers weakened, the CBI reported.
FCA warns public after surge in loan-fee fraud
The Financial Conduct Authority has warned the public to beware of scammers charging fees for non-existent loans after annual losses from the fraud exceeded £3. 5m.
Government borrowing undershoots official forecast
Government borrowing was £2. 6bn lower than the official forecast in the last financial year as the total fell to the lowest since before the financial crisis.
LSE reports trading in line with forecasts before AGM
The London Stock Exchange reported first-quarter trading broadly in line with expectations before an annual shareholder meeting that will seek to draw a line under the group’s recent troubles.
MPs to vote on customs union proposal by committee chairs
A group of 10 committee chairs have put forward a parliamentary motion calling for the UK to remain in a customs union with the EU after Brexit.
PPI complaints surge after FCA enlists Schwarzenegger
Complaints about PPI surged to a four-year high after the Financial Conduct Authority enlisted Arnold Schwarzenegger to spread the word about claiming for compensation.
Barclays heads for bust-up with Sherborne's Bramson over trading arm
Barclays is on collision course with activist investor Sherborne, whose boss Edward Bramson wants the bank to wind down its trading arm, according to a report.