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British Gas parent company reports rise in profits

31/07/2013

Centrica, the firm who owns British Gas, has reported a 9% rise in half-year profits.


 

Greece: Deeper public sector reforms needed

31/07/2013

The Executive Board of the International Monetary Fund (IMF) completed the fourth review of Greece's performance under an economic program supported by an Extended Fund Facility (EFF) arrangement. The completion of this review enables the disbursement of SDR 1.51 billion (about 1.72 billion, or US$2.29 billion), which would bring total disbursements under the arrangement to SDR 7.21 billion (about 8.24 billion, or US$10.94 billion).


 

The future of the UK pension fund longevity hedging market

30/07/2013

PwC analysis predicts the UK pension fund longevity hedging market could triple over the next three years, raising questions over the capacity of reinsurers to take on the risks of this growing market.


 

Barclays to issue 5.8 billion in new shares

30/07/2013

Barclays are to plug the capital shortfall created by new regulatory demands by issuing 5.8 billion in new shares.


 

Merger creates world's largest advertising company

29/07/2013

The merger of France's Publicis and US firm Omnicom has created the world's largest advertising company, said to be worth $35.1 billion.


 

Ryanair profits grounded by fuel costs

29/07/2013

Profits at Ryanair have been hit due to the rising cost of fuel.


 

Commodity price rise needed to trigger mining & metals deal flow

29/07/2013

Merger & Acquisition (M&A) and capital raising activity by mining and metals companies globally during January June 2013 (1H) remained very subdued, pointing to the third consecutive year of declining deal volumes for the sector.


 

Sir John Cunliffe new Bank of England deputy governor

26/07/2013

Sir Jon Cunliffe has been appointed as the new deputy governor for the Bank of England, with responsibility for financial stability, starting on 1 November 2013.


 

Equitable Life savers could miss out on compensation

26/07/2013

A report released by the Commons Public Accounts Committee says that 200,000 pension savers who lost money in the Equitable Life scandal may miss out because of lack of publicity for a compensation scheme.


 

Catalyst for change in the City may be needed

26/07/2013

As MPs urge the Government to pick up the "regulatory stick" to drive forward City reforms on corporate governance, the CIPD shares concerns that proposals made by John Kay last July are not being adopted fast enough but warns that regulation alone is not the answer.


 

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