City News

Wall Street S&P 500 in record high

Global stocks mostly rose on Wall Street bolstered by solid US earnings and home sales (AP)

The US stock market eked out a record high yesterday, as investors weighed positive earnings from the technology industry against disappointing news from Boeing and other companies.

Wall Street S&P 500 in record high

The US stock market eked out a record high today, as investors weighed positive earnings from the technology industry against disappointing news from Boeing and other companies.

Mortgage approvals 'rising again'

Mortgage approvals increased for the first time in five months in June as stricter rules around home loan applications started to bed in, banks have reported.

TalkTalk boosts Sky tie-up

TalkTalk Telecom joined forces with Sky today to beef up its offer of on-demand sports television in the latest stage of the pair's battle with BT.

Flybe hails turnaround progress

Flybe said its planes are now three-quarters full on average after it ditched loss-making routes and stepped up fare promotions

Regional airline Flybe said its planes are now three-quarters full on average after it ditched loss-making routes and stepped up fare promotions.

PM vow over arms embargo breaches

David Cameron said he would act "very swiftly" if British arms exports to Russia were being deployed against Ukraine but insisted he did not believe an embargo had been breached.

Birthday loan promotion banned

The Citizens Advice charity complained that an ad promoted a casual 'worry-free' attitude to taking out a short-term loan

An email from payday lender Pounds to Pocket has been banned for encouraging customers to use a short-term loan to fund birthday celebrations.

£11bn deals target achieved early

David Cameron said that Glasgow 2014 can be 'so much more than just an amazing sporting event'

A four-year target of raising £11 billion for the UK economy from deals signed during the London Olympics has been surpassed two years early, the Prime Minister has announced.

Osborne facing deficit challenge

George Osborne is facing a mounting challenge to meet his deficit target

George Osborne was faced with a mounting challenge to meet his deficit target today as official figures showed the strain on public finances failed to ease in June and in fact worsened over the first quarter of the fiscal year.

Profits slip at Mr Kipling firm

Premier Foods said warm weather was the main factor in a slump in sales for the first six months of the year.

Cake brand Mr Kipling is to be the subject of a major relaunch and marketing push as its owner plots its fight back following a slide in half-year profits.

Mail shares dive on parcels warning

The value of Royal Mail shares has plunged after the company warned that competition is threatening its parcels business

Royal Mail shares have fallen to their lowest level since their controversial privatisation last autumn after the group warned that aggressive competition meant parcels revenue for the full year would be lower than expected.

Conference hears referendum views

Alex Salmond said recent figures showed the Scottish economy had grown beyond pre-recession levels

Alex Salmond has told Commonwealth countries they should not be worried by the prospect of Scottish independence but George Osborne said it was important to spell out the economic risks of a Yes vote.

Graduate jobs up but posts unfilled

Rising numbers of graduate posts are expected with many unfilled due to a 'skills mismatch'

Rising numbers of graduate jobs are expected to be available this year, but a "skills mismatch" means that many posts are going unfilled.

Stocks slip amid political turmoil

Stocks fell slightly amid political turmoil

The US stock market started the week with a slight loss today as investors weighed a mixed batch of corporate earnings against mounting political turmoil.

Criminal probe into forex markets

The Serious Fraud Office is investigating allegations of fraudulent conduct in the foreign exchange market

The Serious Fraud Office (SFO) today confirmed it has launched a criminal inquiry into the alleged rigging of foreign exchange (forex) markets.

Listed company century for Smiths

Smiths Group has celebrated 100 years as a listed company

A global technology firm which started life as a family jeweller and clockmaker has celebrated 100 years as a listed company by opening the trading session of the London Stock Exchange today.

'Outsider' hope for troubled Tesco

Tesco announced the departure of chief executive Philip Clarke as it issued a fresh warning on profits

Tesco ditched beleaguered chief executive Philip Clarke today as it recruited an outsider from consumer goods giant Unilever to try to restore its fortunes.