Latest News
Poverty costs the taxpayer £1,200 a year, says Joseph Rowntree Foundation
Poverty drags down economic growth and reduces tax revenue as it costs the taxpayer £1,200 a year, according to a social policy charity.
Amazon overtakes ExxonMobil to become fourth largest US company by market cap
Amazon has overtaken ExxonMobil as the fourth largest company by market capitalisation in the US, after posting another record-breaking quarter last week.
US close: Stocks mixed as traders assess oil price plunge, PMIs
US stocks were mixed on Monday as oil prices slumped and as traders weighed manufacturing data.
Bonds: Gilts underperform, alongside JGBs
These were the movements in the most-widely followed 10-year sovereign bond yields:.
Commodities: Chinese economic data boosts metals
A downdraft in the energy space weighed on the commodities complex at the start of the week after the world's largest oil exporter announced it would lower the price to its Asian markets for its Arab Light crude by the most in 10 months.
Sector movers: Tug of war between Big Oil, miners
Shares in the oil majors proved a drag for the Footsie on Monday after Saudi Arabia over the weekend announced a steep cut in the price of its cargoes for export to Asia.
Europe close: Bank and oil stocks pace losses
European stocks reversed earlier gains to trade lower on Monday, with banks under the cosh as investors digested the results of the latest stress tests and oil stocks weighed down by a sharp drop in crude oil futures.
Saudi Arabia oil price to Asia cut to 10-month low
The world's largest oil exporter Saudi Aramco has lowered the price to its Asian markets for its Arab Light crude by the most in 10 months.
CloudTag appoints Peter Griffith as chief creative officer
Digital health marketeer CloudTag appointed Peter Griffith as chief creative officer on Monday.
Shell pipeline attacked in Nigeria
A pipeline owned by an affiliate of Royal Dutch Shell was reportedly attacked by suspected militants in Nigeria’s Delta.
Small cap round-up
Cloud video platform owner Forbidden Technologies announced on Monday that it has agreed a deal with an “iconic sports, music and entertainment venue” in New York.
Mortgage Advice Bureau completes CPF disposal
Specialist appointed representative network and consumer intermediary brand Mortgage Advice Bureau announced on Monday that it has completed the sale of its 49% stake in Capital Private Finance for consideration in cash of £2. 7m.
US carries out strikes against IS positions on Libya
American jets struck at Islamic State positions in Libya for the first time at the request of the UN-backed government.
Forbidden Technologies signs deal with major NYC venue
Cloud video platform owner Forbidden Technologies announced on Monday that it has agreed a deal with an “iconic sports, music and entertainment venue” in New York.
EBA stress tests highlight weaknesses in some lenders and bank systems, S&P says
European regulators´ bank stress-test results showed that most of them had sufficient capital to withstand an adverse scenario, one of the world´s main credit rating agencies said.
London close: Stocks drop after weak UK PMI
London stocks dropped on Monday after data showed the UK manufacturing sector contracted more than expected in July amid uncertainty surrounding the EU referendum.
CentralNic wins right to disribute .FM domain on platform
CentralNic Group, the internet platform business which derives revenues from the global sale of domain names, has been awarded the exclusive contract with San Francisco-based BRS Media, the rights holder for the Top-Level Domain . FM, to distribute the . FM domain on it's global technical platform.
Goldman Sachs predicts Team GB to win six fewer gold medals at Rio 2016
The world's largest investment bank has released its predictions for the upcoming Rio Olympics - and it doesn't make good reading for Team Great Britain.
Europa Oil&Gas identifies several gas leads offshore Ireland
Europa Oil&Gas announced the discovery of several gas leads spanning two of its licenses offshore Ireland.
Apple increases tablet market share despite overall sales decline
Worldwide tablet sales fell 12% in the second quarter, but Apple slightly increased its market share for its iPad products, according to the latest report from the International Data Corporation (IDC).