City News

Tate and Lyle reported an 82 per cent slump in annual profits after a fall in sweetener sales

Splenda leaves sour taste for Tate

Ingredients maker Tate & Lyle reported an 82% slump in annual profits and warned of a year of change ahead after the market for its main sweetener product turned sour.

Tesco shareholders in claim battle

A top lawyer who defended the last change of ownership of Liverpool Football Club has been retained by Tesco shareholders who claim they were misled over the supermarket's £326 million profits misstatement.

New chairman for scandal-hit Serco

Scandal-hit outsourcing group Serco has named former Centrica boss Sir Roy Gardner as its new chairman as the company seeks to turn around its fortunes.

UK's economic slowdown confirmed

A slowdown in Britain's economic recovery at the start of the year was confirmed by official figures today, scotching hopes that growth data would be revised upwards.

Retailers help FTSE 100 move higher

The FTSE 100 Index was up 11.1 points to 7044.7 after gains by Sports Direct and Kingfisher

The London market pushed into positive territory after gains for retailers Sports Direct and B&Q parent Kingfisher helped offset disappointing economic UK growth data.

BA owner 'won't up Aer Lingus bid'

British Airways owner International Airlines Group (IAG) said it would not up its 1.4 billion euro (£1 billion) offer for Aer Lingus amid speculation that major stakeholder Ryanair will play "hard ball" over the deal.

B&Q shake-up pursued as sales slide

B&Q parent Kingfisher said it was ploughing on with a shake-up plan "at pace" as it reported a first quarter slide in sales at the DIY chain.

Greek 'optimism' on bailout deal

Greece has said it aims to clinch a deal with its creditors that will allow it to receive the desperately needed final instalment of its international bailout plan and keep it from defaulting on its debts.

Wall Street rebounds from slump

Stocks on Wall Street ended higher, recovering the most of their losses from the day before, as Greece appeared closer to resolving its latest debt issues.

New Android on Google's agenda

Google is holding the conference in San Francisco

Google is expected to unveil the new version of its Android operating system as well as discuss driverless cars and virtual reality when its annual I/O developer conference begins today.

Greece 'close to bailout deal'

Greek prime minister Alexis Tsipras said his country was close to reaching a deal with its creditors (AP)

Greece's prime minister has said that his country is close to reaching a deal with its bailout creditors, prompting European stock markets to jump on hopes of a breakthrough in the slow-moving, often acrimonious talks.

Ministers vow strike ballot reforms

The Government is pressing ahead with plans to change the law on strike ballots and to tackle "intimidation" of people who work during industrial action.

New Android on Google's agenda

Google is expected to unveil the new version of its Android operating system as well as discuss driverless cars and virtual reality when its annual I/O developer conference begins tomorrow.

Trader 'tried to rig key HSBC rate'

A "greedy" City trader tried to involve his "cheeky young graduate" stepbrother in an attempt to rig a key interest rate, a court has heard.

Plea to Ryanair for Aer Lingus deal

International Airlines Group chief Willie Walsh said he expects Ryanair to act in a "rational way" to its takeover bid for Irish flag carrier Aer Lingus.

Card Factory delivers sales hike

Greetings card and gifts group Card Factory floated on the stock market last May

Retailer Card Factory hailed a good start to its financial year as the group expanded the chain with another 19 stores on the high street.

Banknote printer profits tumble

De Lar Rue said underlying pre-tax profits slumped by a quarter to 57.7 million pounds

De La Rue, which prints notes for the Bank of England, said its annual profits fell sharply as it faced challenging market conditions and price pressures.

Markets rally on Greece deal hopes

The FTSE 100 Index opened 25.6 points higher at 6975.3

Hopes of a breakthrough in talks between Greece and its bail-out creditors cheered markets today as they rallied after a tough previous session.

Election fillip for housing market

Telford Homes reported annual profits up by nearly a third thanks to soaring demand

Housebuilder Telford Homes said the Conservative's majority election win would boost confidence in the property market as it reported annual profits up by nearly a third thanks to soaring demand.

'Boost' in family spending power

Families had an extra £17 a week in their pockets to spend on treats in April compared with a year earlier, a report has found.