City News

Travis lifted by building upturn

Like-for-like sales at Travis Perkins were up by 12.7% in the first three months of the year

Travis Perkins revealed a sharp hike in sales today as the owner of the Wickes DIY chain and more than 600 builders' merchant yards benefited from Britain's construction and housing market recovery.

Premier hit by slow grocery sales

Premier Foods has been impacted by difficult conditions faced by the Big Four supermarket chains.

The maker of Mr Kipling cakes and Ambrosia desserts felt the impact of the supermarket sector's troubles today with a 6.2% drop in quarterly sales.

Shops expecting sales to improve

Shops are expecting sales to get stronger

Retailers are expecting the pace of the high street's recovery to step up a gear in the wake of a significant improvement in trading during April.

Barclays face shareholders' fury

ActionAid campaigners wear masks featuring the face of Barclays boss Antony Jenkins as they protest at the bank's Annual General Meeting.

Barclays was accused of "paying for Manchester United but getting Colchester United" as it faced shareholder anger over rising bonuses and falling profits.

Ad surge boosts Facebook profits

Facebook's first-quarter results have soared

Social network giant Facebook reported soaring profits during the first quarter of 2014, driven by a major surge in advertising revenue.

Duncan Smith welcomes Bank claim

Ian Duncan Smith addresses the Conservative spring forum.

Work and Pensions Secretary Iain Duncan Smith has welcomed suggestions from a key Bank of England committee that benefit reforms may be driving a rise in self employment.

Shale gas 'a unique opportunity'

Prime Minister David Cameron (centre) visiting a shale drilling plant oil depot

Developing shale gas in the UK could draw in £33 billion of investment and create tens of thousands of jobs, a report for the industry has claimed.

Families see spending power boost

All regions in the UK have seen an annual growth in their spending power

Families' spending power is growing almost twice as fast in the North East as it is in London as the economy recovers, a report has found.

Tory wind farm plans 'disastrous'

The Tories are to axe funding for new onshore wind turbine projects.

Energy Secretary Ed Davey has warned that Tory plans to put an effective moratorium on new onshore wind farms will be "disastrous for business and jobs".

Facebook revenue soars nearly 70%

Facebook's first-quarter results have soared

Social network giant Facebook has reported an increase in revenue and profit despite recent acquisitions, the company's quarterly figures show tonight.

Stocks lower after six-day streak

US stocks were lower today after recent gains.

Stocks edged mostly lower today, breaking a six-day winning streak, as investors reacted to another round of quarterly earnings reports from US companies.

Bosses to face shareholder anger

Bosses at Barclays are likely to face angry shareholders at tomorrow's annual general meeting.

Barclays bosses will face more shareholder anger over pay tomorrow when the banking giant holds its annual general meeting in London.

Cake shop eyes shares sale

CPP Group sold card protection on behalf of lenders including HSBC and Royal Bank of Scotland

Cake shop chain Patisserie Valerie is set to roll out more new stores after unveiling plans to raise £33 million through a stock market flotation.