Companies News

  • U.S.-led coalition air strikes against Islamic State target Kobani Reuters - 34 minutes ago

    WASHINGTON (Reuters) - U.S.-led coalition launched 20 airstrikes in Syria since early Thursday, targeting 13 of them near the key border town of Kobani, where the Combined … More »U.S.-led coalition air strikes against Islamic State target Kobani

    WASHINGTON (Reuters) - U.S.-led coalition launched 20 airstrikes in Syria since early Thursday, targeting 13 of them near the key border town of Kobani, where the Combined Joint Task Force said they hit eight units of Islamic State fighters. In a statement on Friday, the task force said the strikes in Syria were also staged …

  • Bank of Ireland CEO says examined Grexit, saw as manageable Reuters - 46 minutes ago

    The Bank of Ireland has examined the likely impact on the wider market if Greece were to leave the euro zone and felt that such a scenario would be manageable for its … More »Bank of Ireland CEO says examined Grexit, saw as manageable

    The Bank of Ireland has examined the likely impact on the wider market if Greece were to leave the euro zone and felt that such a scenario would be manageable for its business, chief executive Richie Boucher said on Friday. "Have we looked at the possibility of Grexit?

  • The logo of the new Financial Conduct Authority is seen at the agency's headquarters in the Canary Wharf business district of London
    FCA sets out rules on pensions sales ahead of April shake-up Reuters - 47 minutes ago

    Britain's financial watchdog published rules on Friday covering the sale of pensions ahead of big changes in the industry due to come into effect in April. The Financial … More »FCA sets out rules on pensions sales ahead of April shake-up

    The logo of the new Financial Conduct Authority is seen at the agency's headquarters in the Canary Wharf business district of London

    Britain's financial watchdog published rules on Friday covering the sale of pensions ahead of big changes in the industry due to come into effect in April. The Financial Conduct Authority said companies selling retirement products would have to provide "risk warnings" based on an individual's circumstances so they could …

  • The word oil is pictured on an oil bank at a recycling yard in London
    Brent rises to $61, set for first monthly gain since July By Claire Milhench - Reuters - 1 hour 13 minutes ago

    By Claire Milhench LONDON (Reuters) - Crude oil futures rebounded on Friday and Brent headed for its first monthly gain since July, helped by strong investor inflows, … More »Brent rises to $61, set for first monthly gain since July

    The word oil is pictured on an oil bank at a recycling yard in London

    By Claire Milhench LONDON (Reuters) - Crude oil futures rebounded on Friday and Brent headed for its first monthly gain since July, helped by strong investor inflows, an improving demand outlook and supply outages. At 11.48 a.m., Brent crude futures were up 92 cents at $60.97(39 pounds) a barrel, off an earlier high …

  • Saudi's Naimi says oil markets are settling Reuters - 1 hour 13 minutes ago

    JIZAN, Saudi Arabia (Reuters) - Saudi Arabia's Oil Minister Ali al-Naimi said on Wednesday that oil markets are settling. "We don't want anything that creates … More »Saudi's Naimi says oil markets are settling

    JIZAN, Saudi Arabia (Reuters) - Saudi Arabia's Oil Minister Ali al-Naimi said on Wednesday that oil markets are settling. "We don't want anything that creates volatility in the market," Naimi told reporters on the sidelines of a conference in the port city of Jizan, southwest Saudi Arabia. (Reporting by …

  • UCI recommends Astana team be stripped of elite status Reuters - 1 hour 15 minutes ago

    The International Cycling Union (UCI) wants the sport's licencing commission to strip the Astana team of their elite status after an investigation into doping, the ruling … More »UCI recommends Astana team be stripped of elite status

    The International Cycling Union (UCI) wants the sport's licencing commission to strip the Astana team of their elite status after an investigation into doping, the ruling body said on Friday. Kazakhstan-based Astana, whose team includes Tour de France champion Vincenzo Nibali, were only granted their World Tour licence …

  • British Airways' new Airbus A380 arrives at a hanger after landing at Heathrow airport in London
    Fast growing IAG outpaces continental airline rivals By Sarah Young - Reuters - 1 hour 28 minutes ago

    By Sarah Young LONDON (Reuters) - British Airways-owner International Airlines Group raised its 2015 profit forecast by more than 20 percent, outperforming struggling … More »Fast growing IAG outpaces continental airline rivals

    British Airways' new Airbus A380 arrives at a hanger after landing at Heathrow airport in London

    By Sarah Young LONDON (Reuters) - British Airways-owner International Airlines Group raised its 2015 profit forecast by more than 20 percent, outperforming struggling continental rivals and sending its shares to an all-time high. IAG, which is trying to acquire Ireland's Aer Lingus , said on Friday that the profit increase …

  • Turkish central bank head says public duty should be performed to the end Reuters - 1 hour 30 minutes ago

    ISTANBUL (Reuters) - Turkish Central Bank Governor Erdem Basci said on Friday a public duty should be performed for the period for which it was assigned, in comments … More »Turkish central bank head says public duty should be performed to the end

    ISTANBUL (Reuters) - Turkish Central Bank Governor Erdem Basci said on Friday a public duty should be performed for the period for which it was assigned, in comments broadcast on CNN Turk which appeared to dismiss suggestions he may resign. He told reporters as he arrived at the central bank that the rumours were untrue, …

  • A man walks past the London Stock Exchange in the City of London
    Falls at Intu and RBS nudge FTSE off record peaks By Sudip Kar-Gupta - Reuters - 1 hour 36 minutes ago

    By Sudip Kar-Gupta LONDON (Reuters) - A drop in the share prices of Intu Properties and Royal Bank of Scotland nudged Britain's top equity index down from record highs … More »Falls at Intu and RBS nudge FTSE off record peaks

    A man walks past the London Stock Exchange in the City of London

    By Sudip Kar-Gupta LONDON (Reuters) - A drop in the share prices of Intu Properties and Royal Bank of Scotland nudged Britain's top equity index down from record highs on Friday. The blue-chip FTSE 100 index <.FTSE> - which hit a record intraday peak of 6,958.89 points on Tuesday - dipped 0.2 percent to 6,936.17 points …

  • Zambia case fails to curb mistrust in African justice By Chris Mfula - Reuters - 1 hour 41 minutes ago

    By Chris Mfula LUSAKA (Reuters) - Zambia's former mines minister, Maxwell Mwale, was jailed for corruption on Friday, in a rare case that prompted calls for a wider … More »Zambia case fails to curb mistrust in African justice

    By Chris Mfula LUSAKA (Reuters) - Zambia's former mines minister, Maxwell Mwale, was jailed for corruption on Friday, in a rare case that prompted calls for a wider crackdown on graft among public officials. Magistrate Lameck Mwale said during sentencing that corruption in Zambia's government had "become rampant and needs …

  • Russia to tap $50 billion from Reserve Fund as deficit balloons By Darya Korsunskaya - Reuters - 1 hour 47 minutes ago

    By Darya Korsunskaya MOSCOW (Reuters) - Russia plans to spend more than $50 billion (32 billion pounds) from its emergency Reserve Fund in 2015 as falling oil prices … More »Russia to tap $50 billion from Reserve Fund as deficit balloons

    By Darya Korsunskaya MOSCOW (Reuters) - Russia plans to spend more than $50 billion (32 billion pounds) from its emergency Reserve Fund in 2015 as falling oil prices and a slumping economy cause the government's deficit to rise. First Deputy Finance Minister Tatiana Nesterenko said on Friday the government would ask parliament …

  • Japan's new Environment Minister Mochizuki attends a news conference at Prime Minister Shinzo Abe's official residence in Tokyo
    Two Japan ministers latest to deny illegal funding Reuters - 1 hour 49 minutes ago

    Two Japanese ministers denied wrongdoing on Friday after media said they appeared to have received improper funding, the latest embarrassment for Prime Minister Shinzo … More »Two Japan ministers latest to deny illegal funding

    Japan's new Environment Minister Mochizuki attends a news conference at Prime Minister Shinzo Abe's official residence in Tokyo

    Two Japanese ministers denied wrongdoing on Friday after media said they appeared to have received improper funding, the latest embarrassment for Prime Minister Shinzo Abe, three of whose ministers have quit over scandals since October. Abe returned to power for a rare second term with a 2012 election win, promising to …

  • Sainsbury's Chief Executive King speaks at the annual CBI conference in central London
    Ex-Sainsbury's boss King takes advisory job at 2 Sisters Reuters - 1 hour 54 minutes ago

    Justin King, the former chief executive of British supermarket Sainsbury's , has returned to the food sector, taking up an advisory role at privately owned supplier 2 … More »Ex-Sainsbury's boss King takes advisory job at 2 Sisters

    Sainsbury's Chief Executive King speaks at the annual CBI conference in central London

    Justin King, the former chief executive of British supermarket Sainsbury's , has returned to the food sector, taking up an advisory role at privately owned supplier 2 Sisters. 2 Sisters, which supplies grocers with ready meals and also owns brands such as Goodfella's Pizza and Fox's Biscuits, said on Friday King's new …

  • Ukraine's President Poroshenko visits the National Defence University in Kiev
    Deaths shake Ukraine truce, Poroshenko wary of Russia threat By Natalia Zinets - Reuters - 1 hour 55 minutes ago

    By Natalia Zinets KIEV (Reuters) - Ukraine on Friday reported the first deaths in three days in east Ukraine, denting hopes a ceasefire will hold, and President Petro … More »Deaths shake Ukraine truce, Poroshenko wary of Russia threat

    Ukraine's President Poroshenko visits the National Defence University in Kiev

    By Natalia Zinets KIEV (Reuters) - Ukraine on Friday reported the first deaths in three days in east Ukraine, denting hopes a ceasefire will hold, and President Petro Poroshenko said Russia would pose a "military threat" even if the truce is solid. Government troops fighting pro-Russian separatists in the east began towing …

  • Turkey's central bank governor Erdem Basci addresses the general assembly of the bank in Ankara
    Turkish central bank governor remains in post, resignation rumours untrue, says spokesman Reuters - 1 hour 57 minutes ago

    ISTANBUL (Reuters) - Turkish Central Bank Governor Erdem Basci remains in his post and rumours of his resignation are untrue, a spokesman said on Friday. President Tayyip … More »Turkish central bank governor remains in post, resignation rumours untrue, says spokesman

    Turkey's central bank governor Erdem Basci addresses the general assembly of the bank in Ankara

    ISTANBUL (Reuters) - Turkish Central Bank Governor Erdem Basci remains in his post and rumours of his resignation are untrue, a spokesman said on Friday. President Tayyip Erdogan's harsh criticism of Basci over the central bank's interest-rate policy had fuelled worries the governor may step down. The lira currency …

  • China to blacklist officials who interfere in court cases Reuters - 2 hours 8 minutes ago

    China will start blacklisting and punishing officials who interfere in judicial investigations and trials, state media said on Friday, as the country hastens efforts … More »China to blacklist officials who interfere in court cases

    China will start blacklisting and punishing officials who interfere in judicial investigations and trials, state media said on Friday, as the country hastens efforts to boost the rule of law. The ruling Communist Party unveiled broad legal reforms last year to make it tougher for officials to exert control over the judiciary. …

  • The Bank of England is seen, with a statue in the foreground, in the City of London
    BoE turns up the heat on accountants for banks By Huw Jones - Reuters - 2 hours 8 minutes ago

    By Huw Jones LONDON (Reuters) - The Bank of England (BoE) has turned up the heat on accounting firms used by banks, saying they must provide the central bank with written … More »BoE turns up the heat on accountants for banks

    The Bank of England is seen, with a statue in the foreground, in the City of London

    By Huw Jones LONDON (Reuters) - The Bank of England (BoE) has turned up the heat on accounting firms used by banks, saying they must provide the central bank with written reports from November 2016 on their audits of Britain's main lenders. Policymakers questioned the accuracy of external audits after banks had to be …

  • A man uses an ATM  outside a branch of Lloyds Bank in central London
    Britain's Lloyds to pay first dividend since rescue By Matt Scuffham - Reuters - 2 hours 15 minutes ago

    By Matt Scuffham LONDON (Reuters) - Lloyds Banking Group is paying its first dividend in more than six years after reporting a rise in profit and improvements in its … More »Britain's Lloyds to pay first dividend since rescue

    A man uses an ATM  outside a branch of Lloyds Bank in central London

    By Matt Scuffham LONDON (Reuters) - Lloyds Banking Group is paying its first dividend in more than six years after reporting a rise in profit and improvements in its capital strength, a milestone in the bank's recovery after it was bailed out during the financial crisis. Chief Executive Antonio Horta-Osorio said Lloyds, …

  • A man descends on an escalator near private housing estates in Hong Kong
    Hong Kong steps up efforts to cool red-hot property market By Clare Jim and Saikat Chatterjee - Reuters - 2 hours 30 minutes ago

    By Clare Jim and Saikat Chatterjee HONG KONG (Reuters) - Hong Kong took fresh measures to cool one of the world's most expensive real estate markets on Friday, reducing … More »Hong Kong steps up efforts to cool red-hot property market

    A man descends on an escalator near private housing estates in Hong Kong

    By Clare Jim and Saikat Chatterjee HONG KONG (Reuters) - Hong Kong took fresh measures to cool one of the world's most expensive real estate markets on Friday, reducing the amount of money home buyers can borrow and capping the amount of debt they can take after house prices hit a record high last year. The central bank's …

  • Bolstering technology Turkey's priority in defence deal - official Reuters - 2 hours 31 minutes ago

    Turkey's top priority when procuring its first long-range missile defence system is to bolster its own technological ability, a defence official said on Friday. Turkey … More »Bolstering technology Turkey's priority in defence deal - official

    Turkey's top priority when procuring its first long-range missile defence system is to bolster its own technological ability, a defence official said on Friday. Turkey has chosen a Chinese company as the preferred bidder for the $3.4 billion (2.2 billion pounds) project but is also pressing ahead with talks with U.S. and …

  • Bank of Ireland makes full-year profit for first time since crisis By Padraic Halpin - Reuters - 2 hours 34 minutes ago

    By Padraic Halpin DUBLIN (Reuters) - Bank of Ireland made a profit last year for the first time since the 2008 financial crisis, thanks to growth in new lending and … More »Bank of Ireland makes full-year profit for first time since crisis

    By Padraic Halpin DUBLIN (Reuters) - Bank of Ireland made a profit last year for the first time since the 2008 financial crisis, thanks to growth in new lending and a claw-back of money set aside for bad loans. Ireland's largest bank by assets has recovered from the crisis more quickly than some of its rivals partly …

  • BoE paper says EU market plans don't need new supervisor Reuters - 2 hours 49 minutes ago

    The benefits from the European Union's planned capital markets union do not depend on putting in place a new, single regulator, a Bank of England research paper said … More »BoE paper says EU market plans don't need new supervisor

    The benefits from the European Union's planned capital markets union do not depend on putting in place a new, single regulator, a Bank of England research paper said on Friday. "CMU is a Single Market initiative and it has been linked by some commentators with calls for a single EU supervisor for financial market infrastructure," …

  • Pearson says benefits of restructuring coming through By Kate Holton - Reuters - 3 hours ago

    By Kate Holton LONDON (Reuters) - British publisher Pearson forecast a return to earnings growth after two years of restructuring, helped by improved fortunes in North … More »Pearson says benefits of restructuring coming through

    By Kate Holton LONDON (Reuters) - British publisher Pearson forecast a return to earnings growth after two years of restructuring, helped by improved fortunes in North America where falls in college enrolments have started to ease. Pearson, the world leader in educational publishing, beat forecasts for several years …

  • Old Mutual seeks growth from existing businesses as profits jump By Carolyn Cohn - Reuters - 3 hours ago

    By Carolyn Cohn LONDON (Reuters) - Financial services company Old Mutual is to focus this year on getting value from its existing businesses after reporting a 16 percent … More »Old Mutual seeks growth from existing businesses as profits jump

    By Carolyn Cohn LONDON (Reuters) - Financial services company Old Mutual is to focus this year on getting value from its existing businesses after reporting a 16 percent rise in 2014 operating profit that sent its shares to a record high. The Anglo-South African group, which has a majority stake in South African bank …

  • RNPS: YEAREND REVIEW 2014 - HEADLINE MAKERS
    Islamic State must keep expanding to survive - financial report By Mark Hosenball - Reuters - 3 hours ago

    By Mark Hosenball WASHINGTON (Reuters) - International investigators said on Friday that in order for the Islamic State to remain financially viable it would have to … More »Islamic State must keep expanding to survive - financial report

    RNPS: YEAREND REVIEW 2014 - HEADLINE MAKERS

    By Mark Hosenball WASHINGTON (Reuters) - International investigators said on Friday that in order for the Islamic State to remain financially viable it would have to further expand territory it controls in Iraq and Syria and take over more resources. The Paris-based Financial Action Task Force (FATF) said in a report …

  • Russian President Vladimir Putin attends a wreath-laying ceremony to mark the Defender of the Fatherland Day at the Tomb of the Unknown Soldier by the Kremlin walls in central Moscow
    Russia's Putin cuts salaries of presidential administration by 10 percent Reuters - 3 hours ago

    MOSCOW (Reuters) - Russian leader Vladimir Putin has decided to cut the salaries of members of the presidential administration by 10 percent, Kremlin spokesman Dmitry … More »Russia's Putin cuts salaries of presidential administration by 10 percent

    Russian President Vladimir Putin attends a wreath-laying ceremony to mark the Defender of the Fatherland Day at the Tomb of the Unknown Soldier by the Kremlin walls in central Moscow

    MOSCOW (Reuters) - Russian leader Vladimir Putin has decided to cut the salaries of members of the presidential administration by 10 percent, Kremlin spokesman Dmitry Peskov was quoted as saying by Russian news agencies on Friday. (Reporting by Katya Golubkova, Editing by Timothy Heritage)

  • Airbus says will do utmost to prevent new A400M charges Reuters - 3 hours ago

    Airbus Group will do everything it can to ensure a new 551 million euro ($618 million) charge for delays on its A400M military airlifter is the last, its strategy chief … More »Airbus says will do utmost to prevent new A400M charges

    Airbus Group will do everything it can to ensure a new 551 million euro ($618 million) charge for delays on its A400M military airlifter is the last, its strategy chief said on Friday. "We are going to do everything necessary so that this means the matter is settled once and for all," Marwan Lahoud told France's BFM Business …

  • Airbus to cut A330 production rate as ramps up A320 Reuters - 3 hours ago

    Aircraft maker Airbus said it would cut the production rate of its A330 widebody jet to six a month from the first quarter of 2016 as it also ramps up production of … More »Airbus to cut A330 production rate as ramps up A320

    Aircraft maker Airbus said it would cut the production rate of its A330 widebody jet to six a month from the first quarter of 2016 as it also ramps up production of its top-selling A320 family. Airbus had already announced last year plans to cut the production rate of A330 jets to nine a month from the fourth quarter …

  • Airbus says studying A320 production ramp-up beyond 50/month Reuters - 3 hours ago

    Airbus Group is studying whether to increase its production rate for the A320 family single-aisle jet to beyond 50 per month, contemplating rates of 60 or more, its … More »Airbus says studying A320 production ramp-up beyond 50/month

    Airbus Group is studying whether to increase its production rate for the A320 family single-aisle jet to beyond 50 per month, contemplating rates of 60 or more, its chief executive said on Friday. "The demand is clearly there to move the rates to 60-plus," Tom Enders told journalists. "There are studies underway." Airbus …

  • A red London bus passes the Stock Exchange  in London
    European shares at fresh seven-year high as ECB QE nears By Emelia Sithole-Matarise - Reuters - 3 hours ago

    By Emelia Sithole-Matarise LONDON (Reuters) - European shares rose to fresh seven-year highs on Friday, extending a two-month rally fuelled by the European Central Bank's … More »European shares at fresh seven-year high as ECB QE nears

    A red London bus passes the Stock Exchange  in London

    By Emelia Sithole-Matarise LONDON (Reuters) - European shares rose to fresh seven-year highs on Friday, extending a two-month rally fuelled by the European Central Bank's money printing programme which starts in the coming weeks. European shares bucked a softer trend in Asian and U.S. markets as a sharp overnight pullback …