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Markets Articles | This is Money



Markets Articles | This is Money



Published: Sat, 25 Feb 2017 16:03:02 +0000

Last Build Date: Sat, 25 Feb 2017 16:03:02 +0000

Copyright: Copyright 2017 Associated Newspapers Ltd
 



Royal Bank of Scotland reveals £7BILLION loss in 2016 

Sat, 25 Feb 2017 09:31:15 +0000

The 72 per cent state-owned bank posted losses of £1billion more than analysts had expected highlighting the huge challenges the Governement faces in privatising the bank.


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DAILY BRIEFING: Heathrow sees surprise lift in footfall

Fri, 24 Feb 2017 21:06:09 +0000

Heathrow is seeing stronger-than-expected passenger numbers amid uncertainty in the economy.


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Should you bet on Snapchat's £18bn tech firm float? 

Fri, 24 Feb 2017 20:58:22 +0000

The photo-sharing app’s £18 billion flotation will be the biggest since Facebook’s £60 billion listing in 2012.


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Rightmove is hit by a 6% share loss as CEO quits

Fri, 24 Feb 2017 20:18:10 +0000

Nick McKittrick, 48, who is married with children, will leave the job at the Rightmove annual meeting in May, although he will stay with the firm until the end of June.


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MARKETS CLOSE: Analysis and reaction to London's markets

Fri, 24 Feb 2017 17:47:13 +0000

The analysis, reaction and charts from the experts and our own journalists from throughout the day.


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John Lewis cafe staff get the chop

Fri, 24 Feb 2017 12:51:16 +0000

The department stores will order more dishes from caterers, with kitchen staff now assembling meals rather than cooking them from scratch.


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MARKET REPORT: Halfords shares hit the skids

Fri, 24 Feb 2017 11:57:35 +0000

Rising oil prices mean people are driving less so they have less need for car maintenance, the broker said. Meanwhile, cyclists are not replacing their bikes as often as they used to.


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Heineken 'bullied' bars and brewers to stock its beers

Thu, 23 Feb 2017 23:59:46 +0000

A microbrewery has accused the Dutch firm of excluding smaller brewers from supermarkets and bars in Greece and using exclusivity agreements to force publicans to stock its brands.


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Cigarette maker BAT is pinning its hopes on vaping 

Thu, 23 Feb 2017 21:51:10 +0000

The tobacco giant, which makes Lucky Strike and Dunhill, wants to double the number of countries where it sells vaping products. Yesterday, it announced a 9.8 per cent rise in profits.


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DAILY BRIEFING: Bob Diamond is buying a Greek bank

Thu, 23 Feb 2017 21:51:02 +0000

Diamond - who quit his old job over the Libor scandal - has teamed up with Greek financier Anthimos Thomopoulos to buy Credicom, the Greek consumer finance arm of Crédit Agricole.


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Glencore shares have now soared almost 400% in 16 months

Thu, 23 Feb 2017 21:50:58 +0000

Chief executive Ivan Glasenberg, 60, said shareholders could now be in line for a further reward, with extra cash available for deals or dividends.


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Sir Viv Richards daughter behind new range for Koovs

Thu, 23 Feb 2017 21:50:54 +0000

Masaba Gupta, 28, who was born after Richards had a relationship with Bollywood actress Neena Gupta, used her sporting pedigree to design an athleisure range including crop tops and accessories.


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FTSE CLOSE: Footsie finishes in the red

Thu, 23 Feb 2017 17:50:01 +0000

London's top-flight index swung into the red as investors took a dim view of Barclays despite the banking giant posting a significant surge in profits.


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BAE Systems expect Trump presidency to boost performance

Thu, 23 Feb 2017 11:48:14 +0000

President Trump has pledged to raise defence spending by $500billion (£406billion) to a trillion, which would raise demand for the defence and armament sector.


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Barclays revamp going according to plan

Thu, 23 Feb 2017 09:41:55 +0000

The lender reported pretax profits of £3.2billion for 2016, up from £1.1billion the year before. Boss Staley said the bank is 'just months away' from completing its overhail.


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Stamp duty hike wipes £215m off Earl's Court plan

Wed, 22 Feb 2017 21:51:30 +0000

The homes will be built on the site of the former Earls Court exhibition centre, which hosted a string of events since opening in 1937, including the indoor volleyball in the 2012 Olympics.


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MARKET REPORT: NCC hit after it warns of 20% sales fall

Wed, 22 Feb 2017 21:51:26 +0000

Cyber crime specialists NCC Group plunged the moment the market opened yesterday having sneaked out an update just 15 minutes before it had closed the previous evening.


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Cheating Lloyds boss hit with £3m pay cut

Wed, 22 Feb 2017 21:51:22 +0000

Antonio Horta-Osorio took home £5.5m last year, down from £8.7m in 2015. His bonus fell despite the bank posting its best results for a decade, with profits doubling to £4.2bn.


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Airbus takes £1.8bn hit on new RAF Atlas cargo plane

Wed, 22 Feb 2017 21:51:18 +0000

Governments have held back payments for the A400M - which the RAF has dubbed 'Atlas' - and fined the company as delays over mounting technical difficulties.


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DAILY BRIEFING: Scottish Power owner sees UK profits dive

Wed, 22 Feb 2017 21:51:06 +0000

Customer numbers at Iberdrola, which recently announced a 7.8 per cent hike to its standard tariffs, fell from 5.5m to 5.3m.


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Unilever to make cuts to stave off another takeover bid

Wed, 22 Feb 2017 21:51:01 +0000

The Anglo-Dutch goods giant – behind brands such as Marmite, Dove and Colman’s Mustard – fought off an approach by the owner of Heinz Ketchup at the weekend.


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£80m missing cash probe at engineer ABB

Wed, 22 Feb 2017 21:50:46 +0000

The power equipment firm, which supplies the London Underground, said a senior employee is suspected of forging documents and stealing from the company.


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Barratt hikes dividend as profits rise on regional sales

Wed, 22 Feb 2017 18:19:55 +0000

CEO David Thomas called the performance of Britain’s biggest housebuilder Barratt 'very strong' as pre-tax profits increased to £321million - despite Brexit fears.


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FTSE CLOSE: Footsie pushes higher on Lloyds results

Wed, 22 Feb 2017 17:23:11 +0000

The FTSE 100 index at the close was up 27.42 at 7302.25.


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Lloyds posts 158% increase in profit

Wed, 22 Feb 2017 12:03:24 +0000

The bank, which is now less than 5 per cent owned by the UK taxpayer, set aside £1billion for the PPI debacle last year, compared to a total bill of £4billion in 2015.


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Metro Bank to make first ever annual profit as losses fall

Wed, 22 Feb 2017 11:33:23 +0000

The bank's founder, Vernon Hill, who claims he is a 'revolutionary' like Donald Trump , calls customers 'FANS' and plans to turn Metro into a 'legendary, emotional brand'.


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MARKET REPORT: Builder Galliford Try hikes dividend 23%

Wed, 22 Feb 2017 09:05:25 +0000

Shares soared when the market opened as profit climbed 19 per cent to £63m. Revenue in the six months to December 31 was up 3 per cent to £1.3bn.


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US shares hit new record after lift from giant stores

Wed, 22 Feb 2017 04:30:03 +0000

Grocery chain Wal-Mart Stores was the highest riser as trading began, climbing 3 per cent as the group reported strong online sales over the Christmas period.


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Intercontinental Hotels shares hit record high

Tue, 21 Feb 2017 22:51:18 +0000

The Holiday Inn owner issued a cash return as it reported a 1.8 per cent rise in revenue per room in 2016. It sent the share price soaring to 4029p although it dropped back to 3879p.


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DAILY BRIEFING: Yahoo takes £281m hit after cyber attacks

Tue, 21 Feb 2017 22:49:14 +0000

Verizon had agreed to buy the internet firm for £3.6bn in July. But at the end of last year Yahoo revealed hackers had attacked it in 2013, stealing email addresses, passwords and dates of birth.


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Asda Christmas trade is worse than rivals

Tue, 21 Feb 2017 22:44:43 +0000

Sales in the three months to December 31 fell 2.9 per cent excluding fuel, handing Asda its tenth consecutive quarterly decline.


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Ministers refuse to interfere on LSE deal 

Tue, 21 Feb 2017 22:39:24 +0000

City minister Simon Kirby last night insisted he could not express a view on Frankfurt-based Deutsche Boerse's bid to seize control of the 216-year-old institution.


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HSBC profits sink as it fights 37 legal battles

Tue, 21 Feb 2017 22:30:05 +0000

The boss of HSBC has been forced to take a bonus cut over money laundering failings at the bank. Stuart Gulliver took home £5.7million last year, down from £7.4million in 2015.


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Ocado CEO Tim Steiner pockets £1.2m of shares

Tue, 21 Feb 2017 22:12:50 +0000

Tim Steiner, a former Goldman banker, will be given the cash if Ocado hits targets by 2020. He started Ocado in 2000 after quitting his New York job after eight years.


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Miners back in black as metals rally lifts profit after

Tue, 21 Feb 2017 22:02:09 +0000

BHP Billiton and Anglo American both announced a return to profit, less than two weeks after Rio Tinto doubled its dividend after doing the same.


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