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Profits at Sainsbury's remain on track with 7.6% rise

09/11/2011

Despite what they called a 'tough economic environment' Sainsbury's have announced that total sales, including VAT and fuel were up 7.6 per cent to £12,848 million as of October 1st.


 

Kesa sells Comet electrical stores for £2

09/11/2011

Kesa Electricals plc has announced today (Wednesday) that it has entered into an agreement with Hailey Holdings Ltd and Hailey Acquisitions Limited, to sell to them Comet Group plc, its subsidiaries and Triptych Insurance N.V. for an aggregate consideration of £2.


 

Silvio Berlusconi vows to resign as Italian PM

08/11/2011

The long saga centring around Italian Prime Minister Silvio Berlusconi may well be coming to an end after he said he will resign if his economic reforms are passed.


 

PPI claims see Lloyds report £3.2 billion losses

08/11/2011

Lloyds Banking Group have reported a £3.9 billion loss for the opening three quarters of 2011.


 

M&S profits dip on cost promotions

08/11/2011

Marks & Spencer Plc (LSE: MKS) have seen profits dip £28million to £320m despite an overall growth in sales volume.


 

Governance at the Bank of England too weak, report finds

08/11/2011

Governance at the Bank of England must be strengthened to reflect its new powers, MPs on the Treasury Committee have demanded in a report published today (Tuesday).


 

GAME Group sets sights on trebling online revenues with appointment of Greenlight

08/11/2011

GAME Group sets sights on trebling online revenues with appointment of Greenlight.


 

Coutts fined £6.3m for failings relating to its sale of an AIG fund

08/11/2011

The Financial Services Authority (FSA) has fined Coutts & Company (Coutts) £6.3m for failings in connection with the sale of an AIG fund (the Fund).


 

Financial services professionals debate the industry’s future

07/11/2011

TheCityUK, the independent body promoting UK-wide financial and related professional services, today hosted its Autumn Debate which brought together leading figures from financial and professional services, regulators and politicians to contribute to the debate entitled: “EU Strategy in a Global Context – Creating a Policy Framework for Growth.”


 

City workers say deregulation fuelled 'less ethical behaviour'

07/11/2011

FTSE executives, traders and financial services workers are paid too much and teachers paid too little, a survey of 515 London-based financial services professionals has revealed.