City News

Total chief executive Christophe de Margerie has been killed in a plane crash (AP)

Crash snowplough driver 'was drunk'

The driver of a snowplough which collided with a corporate jet at a Moscow airport, killing the boss of French oil giant Total, was drunk, Russian investigators said today.

New iPhones ring tills for Apple

The record-breaking launch of the iPhone 6 and 6 Plus means that technology giant Apple has reported net profit of 8.5 billion dollars (£5.3bn) for the final quarter of 2014.

Stock market edges higher

The US stock market moved quietly higher today as investors decided to step back into a market that was rattled by white-knuckle turbulence last week.

Bank glitch delays house moves

Thousands of property purchases were thrown into turmoil today as the Bank of England system used to transfer hundreds of billions of payments between lenders was hit by a technical glitch.

Mortgage market 'on a plateau'

The housing market may be "sitting on a plateau" after lenders reported a slight fall in the amount handed out to borrowers last month.

Spirit warms to Greene King offer

Chef & Brewer firm Spirit Pub Company is poised to accept an improved takeover proposal worth £725 million from rival Greene King.

Comparison sites 'hide best deals'

Consumers are missing out on the best energy deals because comparison sites filter out the tariffs which do not pay commission, it was claimed today.

Blaze fuels 'energy crunch' fears

Half of a power station supplying a million homes will remain out of action indefinitely following a fire, it was announced today - putting further pressure on the UK's squeezed electricity network.

South East 'to see home price boom'

House price growth in the South East is set to surge faster than in London in the coming years as buyers spread their search outside the capital, a property website predicts.

Lenders to slash mortgage rates

Barclays is preparing to offer what it says are some of its lowest ever mortgage rates

The battle to tempt mortgage customers with attractive deals will heat up again this week as major lenders put more rate cuts into action.

Stocks end dramatic week with rally

Trader Peter Mancuso works on the floor of the New York Stock Exchange (AP)

The US stock market capped a turbulent week with a big gain yesterday, a sign of renewed investor confidence after days of gloomy economic news.

Tesco set for steep profits fall

Tesco shares have fallen by nearly 30% since the end of August

Tesco will reveal a steep fall in half-year profits next week in the wake of a catalogue of disasters including a £250 million accounting error that has seen eight of its executives suspended.