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Microsoft ploughs ahead in cloud business growth

Digital Desk -
Microsoft has reported another solid quarterly report card to Wall Street, as it ploughs ahead in selling its cloud computing services to big businesses...
ECONOMY

Bank of England to make ‘knife-edge’ rates decision amid cut speculation

Digital Desk -
Bank of England policymakers will gather for a “knife-edge” decision on interest rates this Thursday following recent speculation a cut may be on the...
FINANCE

Goldman Sachs profit falls 24% as legal expenses mar results

Digital Desk -
Goldman Sachs said its fourth-quarter profits dropped by 24% from a year earlier, as the bank had to set aside money to cover its...
FINANCE

Shareholders lose multimillion-pound legal battle against Lloyds

Digital Desk -
Lloyds shareholders have lost a multimillion-pound High Court action over the acquisition of HBOS. A judge sitting in London on Friday dismissed an action by...
FINANCE

Jingye set to save British Steel plant, and 4,000 jobs

Digital Desk -
A Chinese industrial giant is set to come to the rescue of British Steel within days, buying out its embattled plant in Scunthorpe in...
FINANCE

Barclays posts higher profits despite £1.4bn PPI charge

Digital Desk -
Barclays has posted higher profits in the third quarter despite taking a £1.4 billion hit for payment protection insurance (PPI) claims. The bank increased adjusted...
FINANCE

RBS swings to a loss after £900m PPI hit

Digital Desk -
Royal Bank of Scotland has tumbled to a loss in the third quarter after taking a £900 million hit for payment protection insurance (PPI) claims. The...
FINANCE

Barclays halts ‘last in town’ and remote branch closures in UK for two years

Digital Desk -
Barclays has pledged not to close branches in remote areas of the UK or where it is the last bank in town for the...
FINANCE

Belgian prosecutors settle with HSBC in tax-dodging case

Digital Desk -
Belgian prosecutors have reached a settlement worth nearly €300m with a Swiss private banking branch of HSBC over a longstanding fraud and tax-dodging case. The...
FINANCE

HSBC chief executive steps down

Digital Desk -
HSBC chief executive John Flint has stepped down after the bank said it believed a change was needed “to meet the challenges” it faces. The...
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