City News

Microsoft helps boost US stocks

Wall St has enjoyed its best week in nearly two years

The US stock market closed out its best week in nearly two years on a positive note today, helped by strong quarterly earnings from Microsoft and other big US companies.

TSB hails current account boost

TSB said it had signed up one in ten of all customers opening new current accounts or switching in the UK

TSB hailed an above-target performance in the current account market today but said it was being held back by the low level of switching among UK bank customers.

US network AMC to run BBC America

Doctor Who has helped raise BBC America's ratings

The BBC has agreed a £125 million (200m dollar) deal with an American film and TV network to take over the day-to-day running of the corporation's US cable channel.

'Uphill battle' to cut EU red tape

A report says the EU has introduced more than a thousand new business regulations since the UK Government challenged it to cut red tape a year ago

The European Union has introduced more than a thousand new business regulations since the UK Government challenged it to cut red tape a year ago, according to a new report.

'Critical moment' as growth slows

The economic slowdown comes amid fears for the health of the global economy that have brought turbulence to stock markets

The UK notched up its seventh successive quarter of growth today but Chancellor George Osborne warned the country faces a "critical moment" amid a darkening picture for the global economy.

Stocks buoyant after earnings boost

US stocks were buoyant amid good economic news

A combination of strong company earnings and encouraging economic reports, both in the US and Europe, gave the stock market another day of solid gains today.

Firms report fall in export orders

Manufacturers have been hit by a fall in export orders

A sharp fall in export orders is taking the steam out of the manufacturing sector's recovery as eurozone weakness weighs on demand, the CBI said.

New mortgage offers down by 10%

Evidence points to a slowdown in the housing market

The number of mortgage approvals made to home-buyers was 10% lower in September compared with the same month a year earlier in further signs that the housing market is cooling, banks have reported.

Union calls for Lloyds leak probe

Information has apparently been leaked about possible job losses at Lloyds Bank

Financial regulators have been urged to investigate how "potentially" market sensitive information about job losses at state-backed Lloyds Bank has been leaked.

Estate agent warns of slowdown

Foxtons has issued a profits warning

A profits warning by estate agent Foxtons provided more firm evidence today that the capital's property market is cooling.

Tesco warns of more pain to come

Tesco chief executive Dave Lewis says the supermarket has a lot of work to do

Tesco has announced a 92% profits plunge and warned of more pain to come after the discovery of a worse-than-expected £263 million hole in its accounts.

Charles pays tribute to Bellingham

The Prince of Wales paid tribute to Lynda Bellingham, seen here receiving her OBE from Charles

The Prince of Wales has paid a heartfelt tribute to actress Lynda Bellingham as he promoted a cause she supported - the importance of older workers.

Six-year high for car production

More than 1.1 million cars were produced in the UK in the period January to September

The first nine months of 2014 have been the best for car manufacturing for six years despite a slight dip in production last month.

Co-op problems 'spotted too late'

Problems at the Co-operative Bank should have been identified long before it tried to buy 632 branches from Lloyds Banking Group, a report has said

The UK blew a chance to create a major new player in the banking industry because a black-hole in the Co-op Bank's finances was not spotted by regulators and its auditor until it was too late, MPs said today.