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Tech consumer revolution happening in banking, says BBA
There is a “consumer led revolution” happening in the personal finance industry, according to a trade association for the UK banking sector.
Europe close: Stocks recover after ECB says initial Brexit storm weathered
European share markets pared back earlier losses to finish slightly higher on Thursday after the ECB said the initial Brexit storm had been weathered as it left interest rates unchanged.
London close: FTSE finishes lower on UK retail sales, ECB
The FTSE 100 ended lower on Thursday as investors weighed weak UK retail sales data and the European Central Bank’s decision to keep policy unchanged.
Rio Olympics: Russia ban upheld after doping report
Russian athletes will not be taking part in the summer Olympic Games in Rio de Janeiro after the Court of Arbitration for Sport decided to uphold the decision made by the IAAF to ban them following a report into widespread doping allegations.
Cartel formed by online retailers selling Bieber and 1D posters on Amazon
The competition and markets authority (CMA) has found Trod and GB Eye have been colluding on prices for their sport and entertainment merchandise sold on Amazon.
Belstaff puts IPO plans on hold following referendum shock
British luxury fashion brand Belstaff has put a pause on its plans to float following Britain’s vote to leave the EU, according to a report by the London Evening Standard.
Mission Marketing expects double digit growth in first half
Mission Marketing Group, a marketing communications and advertising company, on Thursday issued a positive trading update for the first half.
Commercial property market in downturn due to Brexit, says RICS survey
The commercial housing market is the early stages of a downturn due to Brexit uncertainty, according to the industry body for chartered surveyors.
Small caps news round-up
Natural resources investment company Polo Resources announced on Thursday thatBlackham Resources Limited has reported the successful achievement of another milestone towards gold production, with the commencement of open pit mining operations and underground development work at the company's Matilda Gold Project. The AIM-traded firm said contractors have commenced mining at the Matilda M10 open pit and underground development work at the high grade Golden Age orebody.
US files lawsuits to block health insurance mergers
The US Department of Justice has laid down the law to health insurance providers, with antitrust lawsuits being brought against two proposed mergers due to a possible lack of competition in the market.
Director dealings: Abbey's founding Gallagher family adds to stake
Construction group Abbey's controlling Gallagher family has further built up its stake in the company with a €756,000 purchase a week after a robust set of full year results.
Hollande to demand early start to UK Brexit process
UK Prime Minister Theresa May would have to justify any delay in starting the formal Brexit process, French President Francois Hollande said on Thursday.
Corbyn says Labour MPs face reselection as he launches bid to retain leadership
Labour MPs would have to put themselves up for reselection after electoral boundaries are redrawn in 2018, Jeremy Corbyn said as he launched his campaign to remain as party leader.
Polo Resources portfolio firm achieves milestone in Australia
Natural resources investment company Polo Resources announced on Thursday that Blackham Resources Limited has reported the successful achievement of another milestone towards gold production, with the commencement of open pit mining operations and underground development work at the company's Matilda Gold Project.
EasyJet flies lower on Q3 revenue drop, uncertain outlook
Budget airline EasyJet posted a drop in revenue per seat and total revenue for the third quarter amid difficult trading that was hit by the terror attack in Brussels and the Egyptair tragedy.
Good Energy customer base grows in first half
Renewable and carbon neutral gas supplier Good Energy Group posted a trading update for the first six months ended 30 June on Thursday, reporting strong growth in overall customer meter points up 36% to 239,750.
ECB holds fire on policy, more stimulus expected in September
The European Central Bank kept its policy unchanged on Thursday, as expected by economists, but the monetary authority indicated that it may boost stimulus later this year.
Jefferies says Purplebricks pushing patience of home sellers
Jefferies highlighted the long waiting times for people selling homes via 'hybrid' estate agency Purplebricks and set a 'underperform' rating and a target price that is a third of the current share price.
US open: Stocks mixed on earnings and data
US stocks were mixed on Thursday as investors assessed corporate earnings and economic data.
General Motors reports huge 157% profit jump
General Motors Co's profits more than doubled in the second quarter, alongside strong demand for truck and SUV products.