Lloyds braced as £600m damages trial set to start

Opening submissions are set to be given at the Royal Courts of Justice in London tomorrow, marking the start of a 14-week trial brought by the Lloyds/ HBOSShareholder Action Group. The group represents about 6,000 former Lloyds TSB shareholders. It is seeking around £600million in damages in the case against Lloyds Banking Group, former chairman More...

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By admin On Monday, October 16th, 2017
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Asos reaping benefit of global expansion drive

A consensus of City analysts expects the firm to clock a 35 per cent rise in sales to £1.9billion tomorrow, with profits also expected to grow 24 per cent to £79.3million.  At its last trading update in July, More...

By admin On Sunday, October 15th, 2017
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MPs turn up heat on Saudi Aramco rule change

Financial Conduct Authority chief executive Andrew Bailey insisted protections for investors would not be weakened, amid concerns that efforts to keep Britain open for business could dilute corporate governance More...

By admin On Saturday, October 14th, 2017
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Just Eat's £200 million acquisition of Hungryhouse provisionally cleared by regulators

The Competition and Markets Authority had looked into the tie-up amid concerns it could lead to a worse deal for restaurants on their books.  It decided Hungryhouse provides limited competition “because it More...

By admin On Friday, October 13th, 2017
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Pound v US dollar: GBP rebounds against USD over transitional Brexit deal reports

The GBP/USD exchange rate has climbed 0.4 per cent to US$1.331 after German newspaper Handelsblatt reported that EU diplomats were ready to offer access to the single market and customs union during a two-year More...

By admin On Thursday, October 12th, 2017
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Pound v US dollar: GBP exchange rate climbs to weekly high as FOMC minutes disappoint

The pound is currently at around $1.323 against the US dollar, up from the low of £1.318 struck immediately before the release of the FOMC minutes. The US dollar slumped heavily during the Asian session last More...

By admin On Wednesday, October 11th, 2017
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POUND EURO LIVE: Pound falls after IMF says Brexit will hit UK economy

Sterling fell to 1.114 against the euro on Wednesday but held steady at 1.32 against the US dollar. Markets are paying close attention to Britain’s economy performance ahead of the Bank of England’s More...

By admin On Tuesday, October 10th, 2017
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New FREE service uncovers CHARITY groups’ forgotten treasure chests

That’s the view of Back Of The Sofa, a new free service, aimed at Britain’s many thousands of volunteer treasurers and finance directors. Advice and all the necessary forms for groups to apply for discounts More...

By admin On Monday, October 9th, 2017
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Bitcoin price update: Bitcoin jumps to one-month high – despite fork looming

Bitcoin’s price broke above $4,600 for the first time since September before easing back to $4,581, accordng to data from Coindesk. The cryptocurrency appears to have recovered after a crackdown on trading More...

By admin On Sunday, October 8th, 2017
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Monarch: Air fares set to soar after airline's collapse

Prior to its failure, the average price of a Monarch return flight from London Gatwick to Ibiza was £113.09, compared to an industry average of £139.31, a difference of 18.8 per cent, Skyscanner said. Return More...