Latest News
10 Aug
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London close: Stocks hit by rout in Turkish assets

London stocks finished in the red on Friday, tracking losses in Europe amid concerns about the possible impact of the Turkish crisis on the Continent's banks, even as the latest UK GDP reading showed that growth picked up as expected in the second quarter.

10 Aug
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US CPI edges lower in July, but core inflation picks-up further

US consumer price inflation was steady last month at the headline level, despite sharp gains in fuel oil and user car and truck prices, but accelerated slightly at the so-called 'core' level.

10 Aug
fed-reserve-federale-americaine
Week ahead: Emerging markets, US data in focus

The flow of economic data will pick-up substantially in all jurisdictions over the coming week, although markets may well still be digesting recent events in Turkey's capital markets, even as the monitor for collateral effects on other Emerging Markets.

10 Aug
metal steel russia evraz
Sector movers: Miners down on reports of Russian tax, rout in EM FX

The roof caved in on steel stocks Evraz and Ferrexpo at the end of the week following a report that some Russian authorities favoured increasing taxes on mining companies and after the US raised steel tariffs on Turkey.

10 Aug
Results round-up

Volution Group said expected full-year results to be in line with the board's expectations as recent acquisitions boosted revenues.

10 Aug
erdogan
Europe close: Stocks reel as Turkish lira sells off, euro drops

Stocks finished sharply lower on Friday as the rout in Turkey's currency, the lira, extended further, although - for the moment at least - some analysts believed the implications for global capital markets should be limited.

10 Aug
rbs royal bank of scotland
Broker tips: Royal Bank of Scotland, Card Factory, Paddy Power Betfair

Royal Bank of Scotland's earnings and excess capital are being undervalued by the market, said UBS on Friday, upgrading the shares to 'buy' from 'neutral'.

10 Aug
carte-bancaire-code-crypto-dynamique
Cryptocurrency fraud on the rise in UK

Police have warned of the rising prevalence of cryptocurrency fraud in Britain after more than 200 people reported losing a total of £2. 1m, averaging slightly more than £10,000 per person, through scams in June and July.

10 Aug
Gambling, betting, gaming, bookies. Image: Taxrebate.org.uk
FTSE 250 movers: Ferrexpo, Polymetal stumble, while Rank hits jackpot

London's FTSE 250 index finished down 0. 7% at 20,667. 45 on Friday, led by a group of stocks based in or focused on Eastern Europe.

10 Aug
nationwide
Nationwide warns of 'intense' mortgage competition as Q1 profits fall

Nationwide Building Society warned of a subdued UK housing market and fierce mortgage product competition as first quarter pre-tax profits fell 12. 73% to £281m pounds.

10 Aug
paddy power betfair
Credit Suisse upgrades Paddy Power on 'more reasonable' valuation

Analysts at Credit Suisse upgraded Paddy Power Betfair to 'neutral' on Friday but noted that uncertainty remained around the bookmaker's exchange business and the scale of investments required to get its US operations off the ground.

10 Aug
HouseofFraser
Sports Direct buys House of Fraser from administrators for £90m

Mike Ashley's Sports Direct International on Friday acquired House of Fraser for £90m after the high street department store chain appointed administrators.

10 Aug
ep hacker
Butlin's hi-de-hacked: up to 34,000 guests' details stolen

Holiday camp chain Butlin’s has suffered a data breach, with the personal information of as many as 34,000 of its guests being stolen by hackers over the last three days, the company said on Friday.

10 Aug
logotipo-apple
Doug Field returns to Apple after leaving Tesla

Doug Field former VP of Mac hardware and until recently, Tesla’s chief vehicle engineer has returned to Cupertino, Apple confirmed.

10 Aug
houses london housing
Overseas based landlords in UK down 50% since 2010

The proportion of homes in the UK let by international investors has halved since 2010, although in London the number is on the rise.

10 Aug
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UK voters want final say if EU negotiations collapse

UK citizens want a final vote on Brexit if the negotiations with the European Union break-down without securing a deal, YouGov has found in its latest survey published on Friday.

10 Aug
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Chancellor Hammond eyes 'Amazon tax' for online businesses

Chancellor Philip Hammond said on Friday he may introduced a special tax on online retailers to "support the high street" amid the structural changes in the industry and rise in power of the likes of Amazon.

10 Aug
debenhams, oxford street
Debenhams rallies as Sports Direct buys House of Fraser

Debenhams was on the rise on Friday as Sports Direct - which has a 30% stake in the department store chain - announced the acquisition of House of Fraser.

10 Aug
Christie Group aims to reassure, backs trading expectations

Christie Group, an AIM-listed provider of professional business services, noted the recent fall of the share prices of a number of quoted residential estate agents on Friday and said it does not expect to take the same hit.

10 Aug
rbs gogarburn building
UBS expects RBS to deliver 'significant special dividends or buybacks'

Royal Bank of Scotland's earnings and excess capital are being undervalued by the market, said UBS on Friday, upgrading the shares to 'buy' from 'neutral'.