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Jul 23, 2014

Bank of England holds interest rates amid concern for wage growth

Mark Carney says rates will need to rise as UK economy recovers, but monetary policy committee has no preset plan Bank of England policymakers are growing increasingly uneasy about the UK's record low interest rates but signalled on Wednesday that th...

Jul 23, 2014

Bank of England claims credit for recovery, as market awaits MPC minutes live

MPC minutes show some policymakers are concerned about weak wage growth, as governor says rates will need to rise as economy normalises Mark Carney speaks in Glasgow MPC: market reaction to economic and geopolitical risks is surprisingly low Weakness... #Bank of England #United Kingdom #Central Bureau of Investigation #Glasgow #Lithuania

Jul 21, 2014

Rolling reaction as Tesco announces shock departure of CEO, and another profit warning -- live

Philip Clarke pays price for supermarket chain's poor performance, after another profit warning Summary: all today's Tesco developments Introduction Clarke could walk away with £9.6m But his 40-year party has been cancelled Analyst: Dave Lewis can wi... #Philip Clarke #Dave Lewis #Unilever PLC #United Kingdom #Lidl #Forex #Aldi #Bundesbank #Serious Fraud Office

Jul 20, 2014

GDP to surpass pre-financial crisis levels

Economy probably maintained momentum between April-June rather than accelerated, according to forecasts of ONS data Britain will pass another milestone in its economic recovery this week, with official figures showing it has clawed back all theoutput... #United Kingdom #Office for National Statistics

Jul 20, 2014

GDP to surpass pre-financial crisis levels

Economy probably maintained momentum between April-June rather than accelerated, according to forecasts of ONS data Britain will pass another milestone in its economic recovery this week, with official figures showing it has clawed back all theoutput... #United Kingdom #Office for National Statistics

Jul 16, 2014

UK pay growth hits record low, as jobless rate drops again - business live

The unemployment rate has hit a new five and a half-year low, but pay increased at its lowest rates since at least 2001 UK jobless rate drops to 6.5% But pay rises at lowest rate since 2001 TUC: serious concerns over weak earnings growth Employment t... #China #United Kingdom #Alan Clarke

Jul 16, 2014

Time Warner shares surge on Fox bid; UK pay growth slumps to record low - business live

The unemployment rate has hit a new five and a half-year low, but pay increased at its lowest rates since at least 2001, meaning real wages are still falling Latest: Fox offered $80bn for Time Warner UK jobless rate drops to 6.5% But pay rises at low... #China #Time Warner Inc. #Rupert Murdoch #Athens #International Monetary Fund #European Union #FTSE

Jul 09, 2014

Federal Reserve sends mixed signals on rate increase

Federal Reserve officials had differing views in June on the best way to signal to financial markets when they might raise a key short-term interest rate. They were in broad agreement, however, that they will likely announce an end to their monthly b... #Iraq #Wall Street #Ashworth, Inc. #Federal Reserve

Jul 14, 2014

Why Australian voters care more about jobs than fixing the budget

It will be hard for Tony Abbott and Joe Hockey to sell benefits of a fast return to surplus if employment remains as it is The labour force figures released last week showed Australias employment situation remains fragile and somewhat disconnected fr... #Australia #Tony Abbott #Joe Hockey #Paul Keating

Jul 08, 2014

Surprise drop in UK manufacturing output unlikely to derail recovery, says NIESR

National Institute of Economic and Social Research (NIESR) said the unexpected drop in production would weigh 'only marginally' on the wider economy Britain's economic recovery accelerated in the second quarter despite a surprise fall in manufacturin... #Australia #Tony Abbott #Joe Hockey #Paul Keating