Subscribe to our City News News Feed 
Sterling falls after weak retail sales data and Bank’s minutes
22/05/2013
Sterling fell by around 0.5% Wednesday morning against both the euro and the US dollar to a 1-month, and 6-week low respectively following the release of very weak retail sales data for March. Sales fell sharply by 1.3%, against expectations for a flat reading.
Profits at Marks and Spencer fall
21/05/2013
Rising sales across the Marks and Spencer group failed to prevent a large fall in profits.
Morrisons agree to Ocado partnership
17/05/2013
Supermarket chain Morrisons has agreed a partnership with online grocer Ocado.
RBS announce further job losses
16/05/2013
The Royal Bank of Scotland (RBS) have announced that they are to cut 1,400 jobs from their retail banking head office.
Amazon UK pay their sales tax at just 0.1%
16/05/2013
The accounts of online retailer, Amazon UK, have shown that the firm paid just £2.4 million in tax last year, on sales on £4.3 billion.
Dixons Retail reports strong sales growth
16/05/2013
Strong performances from Currys and PC World have seen owner, Dixons Retail, report a growth in sales over the last 12 months.
Euro suffers after eurozone recession continues into 2013
15/05/2013
The euro fell across the board Wednesday morning after the release of economic growth figures showed that the eurozone economy remained in recession for a record sixth consecutive quarter.
French economy enters into recession
15/05/2013
Economic data has revealed that the French economy has entered recession following a 0.2% contraction.
Lack of debt financing drives equity deal values to 3 year low
15/05/2013
A dearth of debt to support transactions hit the values being paid for private equity deals hard in the first three months of 2013, according to BDO’s latest Private Company Price Index/Private Equity Price Index (PCPI/PEPI).
Paddy Power's strong growth continues
15/05/2013
The Chairman of Paddy Power plc, Nigel Northridge, has confirmed, at the company's annual general meeting, that net revenue is up 20%.
