Fiat Chrysler second quarter net profit falls sharply as Latam, tax charges weigh

RSS icon10:34am 30 July 2014

MILAN (Reuters) - Fiat Chrysler on Wednesday reported a sharp fall in second-quarter net profit as a better performance from its luxury brands and its Asia and European operations failed to offset...

Ofgem proposes new price controls for network operators

RSS icon10:14am 30 July 2014

LONDON (Reuters) - Britain's energy watchdog has proposed new price controls for five electricity network operators for the next eight years, aiming to spur investment in network upgrades and help...

Jupiter Fund Management assets hit record 33.1 billion pounds in June quarter

RSS icon10:12am 30 July 2014

LONDON (Reuters) - Jupiter Fund Management said funds under management (FuM) rose to a record 33.1 billion pounds in the June quarter, boosted by net inflows worth 1.3 billion pounds, mainly into its...

UK 'to feel Russia sanction pain'

RSS icon10:07am 30 July 2014

The UK will pay a price for Russian sanctions but the "pain" will be shared across the EU, says Philip Hammond.

Apology over Turtles '9/11 poster'

RSS icon10:03am 30 July 2014

Paramount Pictures apologises over a Teenage Mutant Ninja Turtles poster featuring the characters jumping from an exploding skyscraper alongside the release date of 11 September.

VIDEO: New tech opens doors for jobseekers

RSS icon09:51am 30 July 2014

New technology is opening up whole new careers to young jobseekers who may be having difficulty getting into more established professions.

AIB returns to profit after bail out

RSS icon09:49am 30 July 2014

Allied Irish Bank (AIB), the parent firm of Northern Ireland's First Trust bank, returns to profit for the first time since the financial crash.

FTSE edges lower, receives support from Barclays

RSS icon09:48am 30 July 2014

EDINBURGH (Reuters) - Britain's top share index edged lower on Wednesday as traders digested mixed earnings reports, with Barclays lending support to the index as it benefited from falling costs....

Barclays tops FTSE after earnings

RSS icon09:28am 30 July 2014

Lender rises after reporting a 7% drop in profit – a result 13% better than market consensus, thanks to strength in retail and Barclaycard businesses

Barclays tops FTSE after earnings

RSS icon09:28am 30 July 2014

Lender rises after reporting a 7% drop in profit – a result 13% better than market consensus, thanks to strength in retail and Barclaycard businesses

World Cup helps ITV to first-half earnings beat

RSS icon09:27am 30 July 2014

LONDON (Reuters) - ITV Plc , the British commercial broadcaster that has caught the eye of pay-TV group Liberty Global Plc , posted a higher-than-expected 11 percent rise in first-half adjusted...

British American Tobacco profit hit by strong pound

RSS icon09:20am 30 July 2014

LONDON (Reuters) - British American Tobacco reported lower revenue and profit for the six months ended June 30, hurt by the strong British pound and a slight decline in volume.
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Millions to see power bill cut

RSS icon09:18am 30 July 2014

Millions of electricity customers will see an average reduction of £12 a year on their bills, according to proposals from the regulator, Ofgem.

Tullow sinks into red but confident Africa strategy will pay off

RSS icon09:18am 30 July 2014

LONDON (Reuters) - Tullow Oil Plc drifted into the red after writing off more than $400 million (236 million pounds) in exploration costs but the Africa-focused explorer remained confident that its...

AstraZeneca buys Almirall lung drugs for up to $2.1 billion

RSS icon09:13am 30 July 2014

LONDON (Reuters) - AstraZeneca took a major step to build up its respiratory medicine business on Wednesday by striking a deal worth up to $2.1 billion (1.24 billion pounds) for the rights to Spanish...

Peugeot auto division posts profit as turnaround kicks in

RSS icon08:58am 30 July 2014

PARIS (Reuters) - PSA Peugeot Citroen narrowed its first-half loss and posted the first positive contribution from its core auto division in three years, as the French carmaker's recovery plan began...

Time almost up for Argentina to avoid debt default

RSS icon08:34am 30 July 2014

BUENOS AIRES (Reuters) - Argentina faced a race against on time on Wednesday to avert its second default in 12 years, needing to either cut a deal by the end of the day with "holdout" investors suing...

Airbus Group first-half core profit up, studies Dassault stake sale

RSS icon08:32am 30 July 2014

PARIS (Reuters) - Airbus Group on Wednesday reported first-half underlying operating profit up 10 percent and reaffirmed its forecasts for the year, seeking to dampen concerns among some investors...

Top-rated government bonds defy gravity

RSS icon08:28am 30 July 2014

Yields on US Treasuries, UK gilts, German Bunds and JGBs are tumbling, making prices look frothy, but this does not necessarily make a bubble

Argentina hours away from default

RSS icon08:24am 30 July 2014

No deal is in prospect in Argentina's debt talks in New York as Wednesday night's default deadline approaches.

Preserve gains against market shakeouts

RSS icon08:04am 30 July 2014

Cost of protecting profits from existing portfolios low considering the tricky handoffs the Fed, global economy and markets face over coming quarters

China's investors go on global property buying spree in first-half, London, U.S. most popular - JLL

RSS icon08:04am 30 July 2014

HONG KONG (Reuters) - China's institutional investment in property overseas rose 17 percent in the first six months of this year, with residential investment surging 84 percent, real estate services...

Spain's BBVA beats revenue forecast despite currency drag

RSS icon07:52am 30 July 2014

MADRID (Reuters) - BBVA on Wednesday posted a lower than expected drop in second-quarter revenue from a year ago even as unfavourable exchange rates in South America dragged down earnings....

VIDEO: Taiwan firms struggle with succession

RSS icon05:03am 30 July 2014

Not many family businesses in Taiwan find it so easy to hand over the reins, especially companies started during the boom years of the country's industrialisation.

VIDEO: Airlines 'don't make enough money'

RSS icon04:39am 30 July 2014

As well as the aviation disasters of recent months, airlines are being affected by aggressive competition and economic uncertainty.

Japan output falls most since 2011

RSS icon04:10am 30 July 2014

Japan's factory output falls 3.3% from May to June, the latest sign to highlight that the recent sales tax rise is affecting consumer demand.

CRT Capital faces Keydata lawsuit

RSS icon12:31am 30 July 2014

Connecticut-based brokerage stands accused of ‘playing a ‘pivotal role in a major international fraud’ in which investors lost $250m

The tech firm helping a tough area

RSS icon12:13am 30 July 2014

The tech firm helping San Francisco's tough Tenderloin area

Shakespeare's Globe: Theatrical laboratory

RSS icon12:13am 30 July 2014

Turning Shakespeare's theatre into a living laboratory

Argentina in denial over debt dispute

RSS icon12:12am 30 July 2014

Call it something else, says Argentina's president