City News

Firms 'fail on credit card rights'

Financial firms are failing to explain properly the protections that people are entitled to when they pay by credit card, consumer group Which? has found.

Microsoft helps boost US stocks

The US stock market closed out its best week in nearly two years on a positive note today, helped by strong quarterly earnings from Microsoft and other big US companies.

TSB hails current account boost

TSB hailed an above-target performance in the current account market today but said it was being held back by the low level of switching among UK bank customers.

US network AMC to run BBC America

Doctor Who has helped raise BBC America's ratings

The BBC has agreed a £125 million (200m dollar) deal with an American film and TV network to take over the day-to-day running of the corporation's US cable channel.

'Critical moment' as growth slows

The economic slowdown comes amid fears for the health of the global economy that have brought turbulence to stock markets

The UK notched up its seventh successive quarter of growth today but Chancellor George Osborne warned the country faces a "critical moment" amid a darkening picture for the global economy.

'Uphill battle' to cut EU red tape

A report says the EU has introduced more than a thousand new business regulations since the UK Government challenged it to cut red tape a year ago

The European Union has introduced more than a thousand new business regulations since the UK Government challenged it to cut red tape a year ago, according to a new report.

Stocks buoyant after earnings boost

A combination of strong company earnings and encouraging economic reports, both in the US and Europe, gave the stock market another day of solid gains today.

Firms report fall in export orders

A sharp fall in export orders is taking the steam out of the manufacturing sector's recovery as eurozone weakness weighs on demand, the CBI said.

Union calls for Lloyds leak probe

Information has apparently been leaked about possible job losses at Lloyds Bank

Financial regulators have been urged to investigate how "potentially" market sensitive information about job losses at state-backed Lloyds Bank has been leaked.

New mortgage offers down by 10%

Evidence points to a slowdown in the housing market

The number of mortgage approvals made to home-buyers was 10% lower in September compared with the same month a year earlier in further signs that the housing market is cooling, banks have reported.

Estate agent warns of slowdown

Foxtons has issued a profits warning

A profits warning by estate agent Foxtons provided more firm evidence today that the capital's property market is cooling.

Charles pays tribute to Bellingham

The Prince of Wales paid tribute to Lynda Bellingham, seen here receiving her OBE from Charles

The Prince of Wales has paid a heartfelt tribute to actress Lynda Bellingham as he promoted a cause she supported - the importance of older workers.

Six-year high for car production

More than 1.1 million cars were produced in the UK in the period January to September

The first nine months of 2014 have been the best for car manufacturing for six years despite a slight dip in production last month.

House building strongest since 2007

New figures show that house-building activity is at its strongest levels since 2007

House-building activity is at its strongest levels since 2007 as the recovery broadens out beyond London to the rest of the UK, an industry body has reported.

Co-op problems 'spotted too late'

Problems at the Co-operative Bank should have been identified long before it tried to buy 632 branches from Lloyds Banking Group, a report has said

The UK blew a chance to create a major new player in the banking industry because a black-hole in the Co-op Bank's finances was not spotted by regulators and its auditor until it was too late, MPs said today.

Confidence 'low' in pensions sector

Nearly three in five people worry about the value of their pension, according to new research

Consumer confidence in the pensions industry remains low as the Government prepares to shake up the sector, research by consumer group Which? has found.

Directors' pay rises at faster rate

New research shows directors' pay has soared over the last decade

The pay of company directors has increased almost twice as fast as for workers and by even more compared with pre-tax profits of leading firms, according to a new study.