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Barclays fined £72m for rushing crime checks in order not to ‘inconvenience’ ultra-rich clients

Digital Desk -
Barclays has been hit with a record £72 million fine after City regulators in England found the bank cut corners to rush through financial...
BUSINESS

Ikea sees surge in UK sales after revamp of bedroom furniture range

Digital Desk -
Flat-pack furniture maker Ikea reported a surge in UK sales thanks to high shopper demand for a new range of mattresses and the ongoing...
BUSINESS

Royal Mail earnings hit by declining letters business

Digital Desk -
Royal Mail said it saw a “resilient” first half despite reporting a drop in earnings as ongoing falls in the numbers of letters being...
BUSINESS

M&S boosted as profits overshadow clothing woes

Digital Desk -
Shares at Marks & Spencer were on the front foot after the retail giant unveiled a better-than-expected rise in half-year profits, but saw a...
BUSINESS

Shell blames cancelled projects and lower prices for $6bn loss

Digital Desk -
Royal Dutch Shell has unveiled a US$6.1bn loss in the third quarter as a result of cancelled projects and lower oil and gas prices. The...
BUSINESS

Apple boss Tim Cook hails results as ‘most successful year ever’

Digital Desk -
Apple sold 48 million iPhones in the last three months – slightly lower than analysts expected, but the company still recorded a profit of...
BUSINESS

Debenhams boss to step down amid shareholder pressure

Digital Desk -
Debenhams boss Michael Sharp announced plans to step down in 2016 to end speculation over his role at the group amid shareholder pressure for...
BUSINESS

Blackberry endures bigger-than-expected losses

Digital Desk -
Smartphone firm Blackberry posted a bigger-than-expected second-quarter loss on Friday of US$66m, as revenues slumped by 46% to $490m. The Canadian firm has struggled to...
BUSINESS

Chinese currency stable, bank governor insists

Digital Desk -
China’s central bank governor has insisted the yuan is stable, in a bid to dispel fears of more declines following a surprise devaluation that...
BUSINESS

Twitter revenue grows sharply, but user growth stays low

Digital Desk -
Twitter has failed to add users at a quick enough pace for investors in the second quarter, even as revenue grew sharply, feeding concerns...
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