City News

Consumer confidence at fresh high

Positivity about job prospects and personal finances are both at their highest level for seven and half years, the latest figures from Nielsen show

The proportion of UK consumers willing to spend money is at its highest level on record as confidence soars to a nine-year high, according to new figures.

Greek concerns hit US stocks

The Dow Jones industrial average dropped 190 points to close at 18,041 (AP)

The US stock market had its worst day in three weeks as traders worried about Greece's debt problems and a surge in the value of the dollar.

Green light for Aer Lingus takeover

Aer Lingus is the subject of a takeover bid

British Airways owner International Airlines Group (IAG) looks set to take over Aer Lingus after the Irish government gave the green light to a 1.4 billion euro (£1.03 billion) bid.

Keydata founder handed £75m fine

The Financial Conduct Authority has fined three former senior staff of collapsed investment firm Keydata

The former boss and founder of collapsed investment firm Keydata is facing a record £75 million fine over mis-sold "death bonds" following a scandal that hit 37,000 investors.

Investor call for emissions target

Investors have called for a target for cutting emissions

Investors managing almost £8 trillion have urged finance ministers of the world's leading economies to back a global target to cut carbon emissions in a new international climate deal.

Retailers buoyed by sales figures

Retail figures have fuelled optimism on the high street

Retail sales are "bounding ahead" as falling prices and a boost to consumer spending power is giving retailers the most upbeat outlook for 27 years , according to new figures.

Charter deal for Time Warner Cable

Charter Communications will buy Time Warner Cable (AP)

Charter Communications is buying Time Warner Cable for 55.33 billion US dollars (£35.9 billion), creating one of the largest TV and internet providers in the US.

Warning over labour market curbs

Nick Boles hailed the new measure to ban exclusivity clauses in zero hour contracts

Business leaders have cautioned against regulations which could damage the flexible labour market as new rules banning exclusivity clauses in zero hours contracts came into effect.

Blockbuster boost for Cineworld

Blockbusters such as Avengers: The Age of Ultron helped drive Cineworld revenues up

Blockbusters such as Avengers: The Age of Ultron and Fast & Furious 7 helped drive Cineworld revenues up by nearly a third since the start of the year.

Image revamp boost Ryanair profits

Ryanair posted post-tax profits of 867 million euros (£614 million) for the year to the end of March

Budget airline Ryanair saw profits growth take off last year as a revamp designed to improve its image and attract business customers sent earnings soaring by 66%.

Scotland to fight to stay in the EU

Scotland's First Minister, Nicola Sturgeon, delivered her first major economic speech since the SNP's landslide election victory in Scotland

Nicola Sturgeon has said the Scottish Government will make a "strong and positive" case for the UK to remain in the EU to prevent Scotland being forced out against its will.

North 'excelling' in e-commerce

The north is outperforming London in terms of e-commerce, a report has found

Parts of northern England have a greater concentration of e-commerce businesses than anywhere else in the UK, according to a new report.

Apple promotes British design boss

Sir Jonathan Ive after picking up his knighthood, as it has been revealed that he has been promoted to Apple's chief design officer

Apple has promoted British designer Sir Jonathan Ive to the role of chief design officer, a newly-created position at the world's most valuable company.

Libor accused 'motivated by greed'

Former City trader Tom Hayes has denied charges of conspiracy to defraud covering a period from 2006 to 2010

A highly-paid trader motivated by greed was the "ringmaster" in an enormous fraud to rig benchmark interest rates known as Libor, a court has heard.

BP getting credit for tourism boom

Tourists walk a rock line in Gulf Shores, Alabama (AP)

Tourism has not only recovered on the Gulf Coast five years after the BP oil spill - industry officials say it is surging, a nd they credit fallout from the environmental disaster as being part of the reason why.