City News

Carpetright signals better trading

Carpetright chief executive Wilf Walsh said like-for-like sales at the firm lifted 7.5 per cent in the 13 weeks to January 24

Carpetright's drive to appeal to a more contemporary market showed signs of having an impact today after its boss pointed to stronger sales.

Mixed indicators in mortgage market

The latest research in the mortgage market brings mixed news for would-be buyers

The number of mortgage approvals made to home buyers fell to a 20-month low in December but banks predict that activity will pick up again in the coming months.

FTSE slips despite airline boost

The FTSE 100 Index was just 7.8 points lower at 6844.9

A strong performance from airline stocks has failed to prevent the FTSE 100 Index from slipping back after eight sessions in a row of gains.

Russia announces new economic plan

A 500-rouble note as the currency continues to slide following a downgrading of Russia's credit rating

A day after a top ratings agency cut Russia's rating to junk level, the government in Moscow has announced a plan which will see the economy return to a budget surplus in 2017.

Aer Lingus backs £1bn takeover deal

Aer Lingus has backed a 1 billion pounds takeover offer from British Airways parent company IAG

A £1 billion takeover of Aer Lingus by the owner of British Airways has moved a step closer after the Dublin-based carrier gave its backing to a deal.

'Havoc' fear over taxman IT switch

Tax collection yielded more than £500 billion in the last completed financial year

Ordinary taxpayers and the government finances could face "havoc" due to HM Revenue & Customs' complacent approach to IT systems, MPs have warned.

Opponents duel over growth figures

The UK economy has been growing at the same level as in 2007

The UK economy grew at its fastest pace for seven years in 2014 but the pace of expansion slowed more sharply than expected in the last three months, official figures showed today.

Apple set to beat expectations

Record iPhone sales have boosted Apple profits

Apple will exceed expectations when it announces its quarterly results for the final three months of 2014 today, according to industry analysts.

Markets unfazed by Greek election

European markets held firm following Greek elections

Markets took the Greek election result in their stride today despite the victory of the anti-austerity Syriza party prompting fresh uncertainty over the eurozone.

Post Office rebrands money services

The Post Office is looking to become the UK's biggest financial services provider

The Post Office has launched a new brand for its products as it bids to become one of the UK's biggest financial services providers by the end of the decade.

UK economy 'to show 2.6% growth'

The UK economy has been growing at the same level as in 2007

The UK is expected to post its best annual growth since before the recession when official gross domestic product (GDP) figures are published tomorrow.

Flybe downgrade hits shares

Flybe warned full-year results were likely to be weaker than expected

Flybe's turnaround plans suffered a setback today after the regional airline warned its full-year results were likely to be weaker than expected.

Markets avoid Greece poll turmoil

The FTSE 100 Index was just 22.1 points lower at 6810.9

Markets steered clear of turbulence today as British Airways owner International Airlines Group helped the FTSE 100 Index avoid storm clouds threatened by the success of Greece's left-wing Syriza party in elections.

SSE to cut gas prices by 4.1%

Big Six energy giant SSE is cutting its gas tariffs and extending its price freeze

Big Six energy provider SSE today became the latest firm to announce a cut in gas tariffs but said the move would not take effect until April 30.