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Rolls-Royce profits and revenues 'higher than expected'
14/02/2013
Rolls-Royce has reported a higher-than-expected rise in full-year profits.
General insurers see £19 billion profit decline from pre-crash high
14/02/2013
General insurers saw around £19bn (25%) profit fall in 2011 from a pre crash 2007 industry high, according to PwC research.
Sterling weakens after Bank of England remain downbeat on the economy
13/02/2013
Sterling fell across the board Wednesday after the Bank of England revised down its GDP growth expectations and revised up its inflation forecast. The Pound dropped to a fresh 6-month low against the US Dollar, and was close to the lowest level in fifteen months against the Euro after Governor King said the UK was set for a “slow but sustained recovery”.
FSA secures Supreme Court win in satellite warranty case
13/02/2013
The Supreme Court today (Wednesday) unanimously dismissed appeals by Digital Satellite Warranty Cover (DSWC), and Bernard Freeman and Michael Sullivan, trading as Satellite Services (Satellite).
Peugeot Citroen report 5 billion euro loss
13/02/2013
PSA Peugeot Citroen have reported a net loss of 5 billion euros for 2012, compared with a 588m euro profit a year earlier.
UBS fined £9.45m for failings in its sale of an AIG fund
12/02/2013
The Financial Services Authority (FSA) has fined UBS AG (UBS) for failures in the sale of the AIG Enhanced Variable Rate Fund (the Fund).
Profits down at Barclays as 3,700 jobs go
12/02/2013
Barclays have announced a plunge in pre-tax profit to £246m in 2012, down from £5.9bn a year ago.
Deputy Chairman of UK Green Investment Bank to step down
12/02/2013
Sir Adrian Montague will be standing down as Deputy Chairman of the UK Green Investment Bank plc (UK GIB) in April 2013.
Investors expect FTSE to rise more than 5% in 2013
11/02/2013
With the latest Office for National Statistics figures showing the UK economy shrank 0.3% during Q4 2012, the latest Halifax Share Dealing Market Tracker reports investors are split 50:50 on whether the economy will grow by more than 1% in 2013.
Sterling slumps again after big weekly gains against the Euro
11/02/2013
Sterling sold off across the board through Monday morning trade, especially against the single currency dropping a full percentage point to 1.17, following its best weekly performance for two years.
