Earnings are out for eBay. CNBC's Josh Lipton reports the details.
Britain will be on track to become a centre for insurance-linked securities such as catastrophe bonds later this year, after regulations are brought before parliament in the next few weeks, minister Stephen Barclay said on Tuesday. Britain's insurance industry has been pushing to set up a catastrophe
British consumer confidence plunged during the political crisis sparked by Prime Minister Theresa May's election flop, hitting the sales of general retailers such as Debenhams just as shoppers' spending power is undermined by the pound's fall. Two major surveys showed confidence among British
Jun.27 -- Bloomberg’s Kevin Cirilli discusses the battle in the U.S. Senate over health care. He speaks with Tom Keene and Francine Lacqua on "Bloomberg Surveillance."
Virtual reality technology is already being used in the healthcare industry in many ways – from treating stroke victims and PTSD sufferers to helping people with dementia – but can it help you manage your back pain?A London-based chiropractor has found a way to use the technology to help you “see” exactly
Vans hire group Northgate on Tuesday promised to apply extra security measures proposed by authorities in the wake of London’s terror attacks. Last week Metropolitan police commissioner Cressida Dick signalled van hire regulations could be reviewed after terror attacks at London Bridge and Finsbury
By Julia Payne and Dmitry Zhdannikov LONDON (Reuters) - Ian Taylor, head of the world's largest independent oil trader Vitol, says Brent crude prices will stay in a range of $40-$55 (31.39-43.16 pounds) a barrel for the next few quarters as higher U.S. production slows a rebalancing of the market
Carpetright has provided some much-needed cheer for Britain’s battered retail sector, reporting solid sales momentum despite “fragile” consumer confidence.
The markets got very excited earlier this month when the minutes of the Bank of England’s monetary policy committee showed that three of its eight members wanted a rise in interest rates — a higher number than we have seen since well before the referendum. The fact that the vote happened at what was
Shares of Darden Restaurants popped on Tuesday after the company posted better-than-expected fiscal fourth-quarter earnings before the bell.
Behold, the ice-cream – the UK supermarket saviour? Booming sales of ice-cream, gin and cider during the heatwave have combined with a jump in inflation to deliver the biggest rise in supermarket sales revenue in more than five years. Sales revenue rose 5% in the 12 weeks to the end of June, the biggest
Tesco and Waitrose today emerged as the big winners from higher inflation and the recent heatwave, with each recording their quickest sales growth in more than five years. Sales at Tesco, which has a 27.8% share of the market, rose 3.5% in the 12 weeks to June 18 — the fastest rate since April 2012
The European Commission handed down a record 2.42 billion euro (2.14 billion pounds) fine to Alphabet unit Google on Tuesday for breaching EU antitrust rules after a seven-year investigation prompted by complaints from both sides of the Atlantic. The following is a summary of the EU decision and Google
China Bohai Bank Co , one of the country's 12 national joint-stock banks, is preparing for an initial public offering (IPO), Chairman Li Fuan said on Tuesday at the World Economic Forum in the northeastern city of Dalian. By going for a market listing, Bohai Bank will join a growing number of mainland
Jun.27 -- Neal Soss, vice-chairman at Credit Suisse Securities, discusses monetary policy from the Bank of England and why Brexit matters. He speaks with Francine Lacqua and Tom Keene on "Bloomberg Surveillance."
By Foo Yun Chee BRUSSELS (Reuters) - EU antitrust regulators hit Alphabet unit Google with a record 2.42-billion-euro (2.14 billion pounds) fine on Tuesday, taking a tough line in the first of three investigations into the company's dominance in searches and smartphones. The European Commission
The “penny has dropped” for the Government on social housing in the wake of the Grenfell tower tragedy, the head of housing maintenance firm Mears has said. Chief executive David Miles said the firm, which works with social housing providers, could benefit from increased funding levels after the disaster
By Jesús Aguado and Paul Day MADRID (Reuters) - Spain's state-owned Bankia agreed on Tuesday to acquire Banco Mare Nostrum (BMN), creating the country's fourth-biggest lender amid consolidation in Europe's struggling banking sector. The new bank will hold around 223 billion euros (197.02
The Bank of England will tell the UK's banking sector to store up billions of pounds as a cushion against future shocks to the financial system. The Bank reduced the buffers to zero last July in the wake of the Brexit vote in a bid to free up lending to households and businesses and dampen the
By David Milliken and Huw Jones LONDON (Reuters) - The Bank of England tightened its controls on lending on Tuesday and said it was likely to make British banks hold an extra 11.4 billion pounds of capital as it decided the risk of a big hit to the economy from the Brexit vote had passed. After the
The Bank of England has warned against spiralling consumer borrowing. The Bank of England is to force banks to hold more capital in the face of rapid growth in lending on credit cards, car finance and personal loans. The intervention by Threadneedle Street, which could amount to banks needing £11.4bn