8 months 3 weeks ago

The Co-op Bank has just completed a £400 million cash call that will slash the Co-operative Group's stake in the bank and decrease the number of directors nominated by the distressed group on its board.

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8 months 3 weeks ago

Bradford-based supermarket chain Morrisons' CEO Dalton Philips on Thursday said that some investors might not like his strategy amid declining sales but he had the City's backing.

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8 months 3 weeks ago

The Tory-led Coalition's proposal to allow the taxman to seize money directly from people's bank accounts without their permission has been criticised by the Treasury Committee.

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8 months 3 weeks ago

U. S.-based advertising giant Omnicom Group Inc and its French competitor Publicis Groupe SA have scrapped their proposed merger.

The proposed $35 billion (£20.65 billion) merger would have created the world's largest advertising agency but the plan was scrapped after they estimated that potential challenges would prove too huge for them to handle.

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8 months 3 weeks ago

British energy supplier Centrica on Thursday issued its second profits warning within the last six months, admitting its profits could be 10 per cent lower than market expectations this year.

Centrica also revealed that nearly 180,000 households in the UK had quit its domestic arm British Gas, while mild winter enabled its remaining customers to cut down on the heating bills.

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8 months 3 weeks ago

Stock in SuperGroup suffered a steep decline on Thursday after the owner of the Superdry fashion brand reported fall in quarterly sales and warned that its annual profits would be towards the lower end of market expectations.

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1 week 1 day ago

Cupertino, Calif.-based tech giant Apple Inc. is reportedly pursuing talks to acquire headphone maker & music-streaming service provider Beats Electronics for around $3.2 billion (£1.9 billion).

Emerging reports say that the acquisition, which could be announced as soon as next week, will be the Cupertino firm's biggest ever acquisition deal, if completed.

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8 months 3 weeks ago

The Sikh Council UK has expressed its concern over councils' move to ban pork sausages and bacon and replace them with ritually-slaughtered halal meat.

Hundreds of schools across the UK have silently switched to halal meat for students' meals even where Muslim students are in the minority.

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