City News

Tragic mother accuses ex-Cook boss

Sharon Wood has condemned travel giant Thomas Cook for its actions over the deaths of her children during a holiday in Corfu (Lauren Hurley/PA Wire)

The mother of two children who were killed by carbon monoxide poisoning on holiday has accused Thomas Cook's former chief executive of trying to use their memory to gain public sympathy.

Google 'polishes' Android system

A Google employee gives a demonstration of Android Pay on a phone at Google I/O 2015. (AP)

Google has unveiled how it plans to introduce virtual reality to the classroom and to YouTube this year, as well as the much rumoured new photo-sharing service Google Photos.

Steel workers in huge strike vote

The Tata Steel plant in Scunthorpe, as the company awaits the result of a ballot by union members on whether to take industrial action in a row over pensions

Workers at Tata Steel have voted by almost 9-1 to go on strike in a row over pensions, threatening the first national walkout in the industry for more than 30 years.

People 'not naturally money-savvy'

A report has highlighted "behavioural hurdles" which help to determine how people handle money

People are not "wired" to handle money well and should be given more help to overcome natural behaviour patterns such as over-buying in the supermarket while hungry, a report argues.

Stocks slip amid worries for Greece

Stocks fell slightly amid fears over Greece's debt crisis

US stocks fell slightly today, following a sell-off in the Chinese market and continued worries about the approaching debt payment deadline for cash-starved Greece.

Williams & Glyn review launched

RBS is resurrecting the Williams & Glyn brand nearly 30 years after it disappeared from the High Street

The competition watchdog will review the impact of the launch of Royal Bank of Scotland's Williams & Glyn business on the banking sector.

Sports Direct hikes profits outlook

Sports Direct International said annual pre-tax profits are ahead of expectations

Sports Direct International cheered staff and investors with a profits upgrade as the group held its annual conference for employees and suppliers at Newcastle United's St James' Park stadium.

Splenda leaves sour taste for Tate

sugar

Ingredients maker Tate & Lyle reported an 82% slump in annual profits and warned of a year of change ahead after the market for its main sweetener product turned sour.

Trader 'offered a humongous deal'

Former UBS and Citygroup trader Tom Hayes faces eight charges of conspiracy to defraud over manipulation of the Libor interbank lending rate

A City trader offered a broker a "humongous deal" as he tried to manipulate a key interest rate which is behind trillions of dollars worth of financial deals, a court has heard.

First Milk defends ex-MP's salary

The chief executive of First Milk has been questioned by a Scottish Parliament committee

The head of the UK's largest dairy firm has defended paying a former Conservative minister £1,800 a day to sit on the company board while the UK dairy industry is facing an "existential threat".

Tesco shareholders in claim battle

The Tesco Shareholder Claims (TSC) group says it has a strong case that will involve a "substantial claim"

A top lawyer who defended the last change of ownership of Liverpool Football Club has been retained by Tesco shareholders who claim they were misled over the supermarket's £326 million profits misstatement.

New chairman for scandal-hit Serco

Sir Roy Gardner is the new chairman of Serco

Scandal-hit outsourcing group Serco has named former Centrica boss Sir Roy Gardner as its new chairman as the company seeks to turn around its fortunes.

UK's economic slowdown confirmed

Growth was hampered by a dismal performance from overseas trade

A slowdown in Britain's economic recovery at the start of the year was confirmed by official figures today, scotching hopes that growth data would be revised upwards.

Mortgage approvals at 10-month high

Some 42,116 mortgages for house purchase got the green light last month

The number of mortgage approvals made to home buyers jumped to a 10-month high in April amid wider signs of a "broad confidence" in the economy, high street banks reported.

Retailers help FTSE 100 move higher

The FTSE 100 Index opened 18.1 points lower to 7015.2 on Thursday

The London market pushed into positive territory after gains for retailers Sports Direct and B&Q parent Kingfisher helped offset disappointing economic UK growth data.

Politicians back Aer Lingus deal

British Airways' owner said it would not increase its offer for Aer Lingus

Ireland's parliament has voted in favour of selling off the State's share in Aer Lingus as part of a 1.4 billion euro (£1 billion) takeover bid by British Airways owner International Airlines Group (IAG).