(MENAFN- ProactiveInvestors) Times
Labour plans to cap the market share of the “big five” banks to make it easier for new challengers would leave more vulnerable people without a bank account a senior banker has warned.
has come under renewed pressure from one of America’s most powerful unions to reform working practices at a subsidiary that carries more than a million children a day to and from school.
Cisco Systems has appointed Chuck Robbins as its chief executive to replace John Chambers ending the tenure one of the longest-serving bosses in Silicon Valley.
China’s manufacturing sector shrank at its fastest rate in a year last month stoking speculation that Beijing may cut the cost of borrowing and formalise a bumper plan to stimulate economic growth.
Independent
could be trying to kill free Spotify streaming before launching own music service the Indy says.
Amazon’s minimum spend doubled: customers must now spend £20 to get free delivery.
Over 300 Phones4U vacancies across the country points to retail pain. Administrators for one of the biggest high-street collapses of the past year are still struggling to find retailers to move into more than 300 empty stores in a sign that high-street demand for space is slowing.
Financial Times
David Einhorn the short seller who bet against Lehman Brothers and Green Mountain Coffee has turned his attention to US oil exploration companies labelling them “frack addicts” who are wasting money on uneconomic wells.
is preparing to sell £2bn of risky second-charge mortgages and loans made through its Firstplus brand more than 10 years after the bank had originally planned to offload the subsidiary.
Daily Telegraph
Liquidity drought could spark market bloodbath warns IIF. Evaporating liquidity and higher US interest rates will cause huge market swings with potentially catastrophic consequences Institute of International Finance warns.
France and Greece remain the eurozone's laggards with the former "locked in reverse gear" as manufacturing remains mired in contraction in April.
A much-anticipated recipe by McDonald’s new British chief executive meant to restore the struggling burger chain’s sizzle turned into an unhappy meal for investors on Monday.
has won a contract worth up to £287mln to provide US soldiers with combined night-vision googles and thermal sights.
Blue-chips' growing pension deficits to hit company profits. The funding black hole in the retirement schemes of Britain’s biggest companies is growing at such a rate that many of them will have to crank up payments into their pension funds this year hitting their profits.
J will this week unveil its first fall in annual profits for a decade as the shift in consumer habits and competition from discounters take a massive toll on Britain’s third largest supermarket.
Rolls-Royce and Weir have signed a joint-venture agreement to develop equipment that will make drilling for oil by “fracking” more efficient.
Guardian
Greece has vowed to honour heavy debt repayments over the coming weeks but says it is counting on international creditors to release billions of euros in rescue funds before the end of the month as crisis talks between the two sides grind on.
TalkTalk is putting up prices for home phone broadband and TV customers just seven months after it last raised its landline and call charges.
The number of patents for renewable energy products filed worldwide has fallen by 42% over the last three years which could suggest that global investment in green energy is stalling.
Daily Mail
Growth in the economy is resilient as a solid performance in the service sector made up for a poorer show in manufacturing the CBI said.
Investors to scour results for clues on whether it will ditch London for Hong Kong and move headquarters overseas.
Chancellor warns of 'fallout Friday' for financial markets if Labour wins election. The financial markets and business could face turmoil if Labour wins the General Election George Osborne has warned.
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