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Moody's adjusts ratings of 9 European sovereigns to capture downside risks

16/02/2012

As anticipated in November 2011, Moody's Investors Service has adjusted the sovereign debt ratings of selected EU countries.


 

Sony and Ericsson finalise split

16/02/2012

Sony have completed their acquisition of the former Sony Ericsson joint venture, assuming full control the new Sony Mobile Communications (SMC) subsidiary.


 

Former corporate broker at Merrill Lynch fined 350,000

16/02/2012

The Financial Services Authority (FSA) has fined Andrew Osborne, former Managing Director in Corporate Broking at Merrill Lynch International (now Bank of America Merrill Lynch International) 350,000, for engaging in market abuse by improperly disclosing inside information ahead of a significant equity fundraising by Punch Taverns Plc (Punch) in June 2009.


 

'Blue Chip' hedge funds up 2.34% in January

16/02/2012

Globally, blue chip hedge funds are up 2.34% in January, despite financial markets increased volatility on the back of the eurozone financial crisis.


 

Ladbrokes buck the trend as punters roll in

16/02/2012

Despite a degree of economic slowdown one area of the economy is thriving despite many cutting back on their spending, gambling.


 

FSA managing director to step down this year

15/02/2012

The Financial Services Authority (FSA) today (Wednesday) announced that managing director and Board member, Margaret Cole, will leave the organisation later this year, after nearly seven years at the UK regulator.


 

Greece to unveil full cuts deal

15/02/2012

With eurozone bosses demanding that Greece makes further cuts, their finance minister Evangelos Venizelos has promised to "fully clarify" its austerity measures.


 

Poor trading sees Thorntons' profits fall away

15/02/2012

Chocolate makers Thorntons have reported a fall in their half-year profits.


 

Barclays appoints Steve Weston Managing Director of Retail Lending Division

14/02/2012

Barclays today announces the appointment of Steve Weston as Managing Director of Retail Lending in its UK Retail and Business Banking division.


 

BT extends high growth market influence

14/02/2012

BT today announced a series of initiatives aimed at doubling its business across Turkey, the Middle East and Africa.