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  • Twitter dives after update disappoints

    The number of monthly active Twitter users edged up to 313 million, up three percent from a year ago and only slightly more than the 310 million in the past quarter

  • Broker Cenkos Faces FCA Fine Over Quindell

    Sky News has learnt that the Financial Conduct Authority (FCA) has told Cenkos Securities (LSE: CNKS.L - news) that the firm may be hit with a penalty of roughly £700,000 because of failings in its stewardship of Quindell (Berlin: 30382595.BE - news) , a listed company. Cenkos and the FCA are understood to be in discussions …

  • Apple quarterly profit slides 27 pct to $7.8 bn

    Apple sold 40.4 million iPhones in the quarter ending June 25, down from more than 51 million a year earlier

  • Green mulling options after 24 hour apology deadline passes

    Retail tycoon Sir Philip Green is considering his options after Labour MP Frank Field failed to respond to Green's claims of defamation and a demand for an apology within 24 hours. Field said Green had “plundered” money from the companies, and argued Green’s conduct was worse than that of former newspaper proprietor Robert …

  • Deutsche Boerse shareholders back London Stock Exchange merger

    Deutsche Boerse shareholders will end up with 54.4 percent of the new holding company's capital, and LSE shareholders with 45.6 percent

  • Warning Over Problematic Credit Card Debt Sky News - 1 hour 31 minutes ago
    Warning Over Problematic Credit Card Debt

    Around 1.4 million people are only making the minimum repayment on their credit cards each month, according the Financial Conduct Authority (FCA). This can be an expensive way to borrow money over a long period as credit cards are suited to short term borrowing. "Firms could do more to help those with persistently high …

  • L&G To Take Stake In Smart Pension Provider Sky News - 1 hour 47 minutes ago
    L&G To Take Stake In Smart Pension Provider

    Sky News understands that L&G is in advanced discussions with Smart Pension, a platform aimed at helping thousands of smaller companies comply with new British laws requiring them to offer workplace pensions to employees. Co-founded in 2014 by a former head of Lloyds Banking Group (Other OTC: LLOBF - news) 's wealth unit …

  • Air France week-long strike to see cancellations

    Some 35 percent of flight attendants, who account for 13,600 of Air France's 50,000-strong workforce, are expected to join a stoppage which the airline said would affect some 10 percent of long-haul flights...

  • Openreach Split Within BT Urged By Ofcom Sky News - 2 hours 19 minutes ago
    Openreach Split Within BT Urged By Ofcom

    Ofcom has called for Openreach, which develops and maintains the network used by phone and broadband providers, to become a "distinct company". Rivals have long complained that a conflict of interest means BT is both a provider of services to customers and responsible - through Openreach - for the final mile of network …

  • Openreach Must Be Separate Within BT - Ofcom Sky News - 2 hours 30 minutes ago
    Openreach Must Be Separate Within BT - Ofcom

    Ofcom has called for Openreach, which develops and maintains the network used by phone and broadband providers, to become a "distinct company". Rivals have long complained that a conflict of interest means BT is both a provider of services to customers and responsible - through Openreach - for the final mile of network …

  • VW gets preliminary approval for US emissions settlement

    Volkswagen's settlement in its emissions cheating scandal now has an October 18, 2016 deadline for final approval of the deal

  • Growth through vouchers – should central bankers be trying new things?

    Over the last few months the term helicopter money – once only used to mock former Fed chair Helicopter Ben – has become common place. Many economists are expecting the Bank of Japan to expand its asset purchases and further cut rates in to negative territory – it could even go as far to bring in a version of helicopter …

  • Fiat Chrysler revises sales figures AFP - 2 hours 51 minutes ago
    Fiat Chrysler revises sales figures

    In revising its methodology on calculating the data, the company now says its streak ended in September 2013, with a year-over-year decline that month of three percent

  • Tesla on Autopilot was speeding before fatal crash: probe

    Tesla said the Autopilot system, introduced last year, is not a fully autonomous system and that drivers are cautioned that they need to be at the wheel and in control

  • SHW AG: Operating profit still within target range despite lower sales forecast

    DGAP-News: SHW AG / Key word(s): Half Year Results2016-07-26 / 20:25 The issuer is solely responsible for the content of this announcement.

  • Brexit won’t kill the EU: It’s more likely to be a long-term blessing

    Britain's vote to leave the European Union has engulfed the kingdom in a political, constitutional and economic storm. This is not only in regards to the way forward for the European Union, but also the negotiation stance to be adopted with the UK. A broad agreement will be needed to push decisions related to the UK through …

  • PANTALEON Entertainment AG Releases Revenue Estimates for First Half of 2016

    PANTALEON Entertainment's box-office hit "The Best Day Ever" is the most successful German film released this year so far. The popular comedy from the PANTALEON shingle sold 1.65 million tickets at the German box office alone, grossing EUR13.53 million, the number one domestic production in Germany this year to date.  …

  • Why Britain and the US are streets ahead of Europe in innovation

    The proposed takeover of the hugely successful Arm Holdings by the Japanese giant SoftBank is in the news. Cambridge-based Arm is well placed to exploit the white hot concept of the internet of things, highlighting the UK’s recent advances in this field. The UK has also performed well in biotechnology.

  • How Theresa May can deliver a UK house-building revolution in six steps

    Building more homes is not a new challenge, and it’s one that has plagued at least the last three Prime Ministers and two mayors of London. Step 1 – National housing policy should be adaptable to local circumstance.

  • Will Amazon drone deliveries really catch on among consumers?

    Having gained approval from the Civil Aviation Authority to test drones outside of warehouses, with special concessions including operating drones without a direct line of sight, Amazon is taking its first stride in bringing drone technology to the consumer. No longer can and will drone technology be solely for military …

  • VW gets preliminary approval for US emissions settlement

    Volkswagen's settlement in its emissions cheating scandal now has an October 18, 2016 deadline for final approval of the deal

  • FinTech Group and Rocket Internet launch strategic technology partnership

    DGAP-News: FinTech Group AG / Key word(s): Alliance2016-07-26 / 19:30 The issuer is solely responsible for the content of this announcement.

  • Mayor launches London Finance Commission 2 in latest push for devolution

    Mayor of London Sadiq Khan has launched a new finance commission as part of his latest push for devolution in the wake of the Brexit vote. Khan has tasked the London Finance Commission to bring forward a new, beefed-up set of devolution proposals, arguing that “nothing should be ruled out” when it comes to giving London …

  • Hailo to rebrand as Mytaxi in Ireland after takeover by Mercedes-Benz owner

    Daimler is to acquire 60% of the London-based taxi app.

  • Goldman sued over 1MDB links in Malaysian bank merger

    Goldman Sachs faces a conflict of interest lawsuit

  • One in seven pensioners is now working through their retirement

    Over one million pensioners are now having to work to supplement their income according to figures released today. Thirteen per cent of over-65’s are earning an average of £15,400 per year to top up their pensions, a report by MetLife revealed. MetLife said that this indicates that government advice for people to save …

  • 600 startups on pause as EU funds frozen after Brexit vote

    Hundreds of London startups could lose out on investment because the government has put the distribution of EU funds on hold in the aftermath of the referendum. A scheme, named CASTS, designed to provide advice and support for 600 startups in the capital was due to receive £3.7m from the European Regional Development Fund …

  • Drinks lift LVMH profits as fashion stalls

    LVMH Chairman and Chief Executive Officer Bernard Arnault presents results on February 2, 2016

  • Commodities Round-up: Gold stabilises but oil futures slide further into negative territory @ International Business Times Finance ONC UK - 5 hours ago
    Commodities Round-up: Gold stabilises but oil futures slide further into negative territory

    Gold futures stablised on Tuesday (26 July) on market expectations that the US Federal Reserve would keep headline interest rates on hold, while oil futures continued to slide in the face of lacklustre demand projections and an uptick in Middle Eastern crude production. At 4:38pm BST, the Comex gold futures contract for …

  • 1.4m 'only making minimum repayments on credit cards'

    Around 1.4 million people have only been making minimum repayments on their credit cards for at least three years in a row, the City regulator has found.

  • London Wall to be closed for "next two hours" after gas leak

    Update: According to TfL, London Wall remains closed both ways between Moorgate & Blomfield Street. The evacuation and closure of London Wall is likely to last another "two hours", City of London Police said this afternoon, after a major gas leak left it on lockdown.

  • Latin America facing 0.8% recession in 2016: UN panel

    People queue to buy basic food and household items outside a supermarket in the Petare neighbourhood, in Caracas, on June 7, 2016

  • Global stocks jittery as Fed meets

    Frankfurt stocks gained 0.5 percent

  • 'Owning a gym is living the dream, but it's a tough physical job'

    Sometimes you’re left with no option but to work through the pain in this industry.

  • MPs brand FCA 'unfair and outdated' and call for new regulator @ International Business Times Finance ONC UK - 6 hours ago
    MPs brand FCA 'unfair and outdated' and call for new regulator

    Britain's financial regulator has been labelled 'outdated and unfair' by a scathing parliamentary report, which has also called for a new watchdog to be introduced in the industry. The Financial Conduct Authority (FCA) is responsible for both supervision and prosecution within the financial industry, but the House of Commons …

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