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Markets

BUSINESS

Pound continues post-Brexit slide as markets open in Asia

Digital Desk -
Sterling has continued to slide against the US dollar as trading reopened after Friday's record crash. The pound dropped to 1.3390 dollars as markets resumed...
BUSINESS

Swiss Central Bank intervenes in Currency markets amid pressure on Franc

Digital Desk -
Switzerland's central bank has said it has intervened in currency markets after the Swiss franc came "under upward pressure" after the UK voted to...
BUSINESS

FTSE pulls back as Bank of England acts to calm markets

Digital Desk -
London's top flight index pulled back from its 7% plunge after the Bank of England pledged to intervene to help shore up the markets. Bank...
BUSINESS

Shutters come down on BHS after no buyer is found for the retail chain

Digital Desk -
BHS is to disappear from the high street, resulting in the loss of up to 11,000 jobs, after administrators failed to find a buyer...
BUSINESS

Smurfit Kappa to join FTSE 250

Digital Desk -
Packaging manufacturer Smurfit Kappa Group (SKG) will be included as a constituent of the FTSE250 and FTSE All Share indexes from the close of...
BUSINESS

Bitcoins worth £9 million to be sold at auction after police seizure

Digital Desk -
About £9 million in Bitcoins will be auctioned in Sydney, Australia, after police confiscated the digital currency as proceeds of crime. Ernst & Young transaction...
EUROPE

Greece planning cautious return to bond markets in 2017

Digital Desk -
A senior official in Greece's finance ministry says the country is planning a gradual return to international debt markets next year. George Houliarakis, a deputy...
BUSINESS

Tesco boss Dave Lewis gets £2.9m bonus as supermarket returns to the black

Digital Desk -
Tesco chief executive Dave Lewis has been awarded an annual bonus of £2.9m, taking his total pay for the year to £4.6m. The figures, revealed...
BUSINESS

London Stock Exchange and Deutsche Borse agree to create giant exchange worth €26bn

Digital Desk -
The London Stock Exchange and German rival Deutsche Borse revealed plans to save more than €448m a year as they agreed a tie-up to...
BUSINESS

Stocks end lower on Wall Street as commodities prices fal

Digital Desk -
Stocks ended lower on Wall Street as another drop in commodities prices pulled down energy and materials stocks. Cabot Oil & Gas sank 11% Tuesday,...
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