News: Money

Tesco launches one-hour delivery to London customers

Tuesday  06:25,   27 june 2017

Tesco (TSCO.L), Britain's biggest retailer, is to offer a one-hour grocery delivery service to customers in central London, firing the latest salvo in the cut-throat online supermarket sector. Online shopping is one of the better-performing[...]

Euro dips against the dollar as Draghi defends easy monetary policy

Tuesday  06:25,   27 june 2017
City AM

The euro dipped against the dollar from a high of $1.122 to $1.118 yesterday as Mario Draghi, president of the European Central Bank (ECB), defended the bank’s easy monetary policy. He said that low interest rates create jobs and foster growth, but[...]

Banks' blockchain consortium picks IBM for trade finance platform

Tuesday  06:25,   27 june 2017

<p>Tech giant IBM (IBM.N) is building a blockchain-based platform for seven big European banks, including HSBC (HSBA.L) and Deutsche Bank (DBKGn.DE), that is aimed at simplifying trade finance transactions for small- and medium-sized[...]

Holland & Barrett snapped up for £1.8 billion by L1 Retail

Tuesday  05:00,   27 june 2017
Press Association

Headquartered in Nuneaton, Holland &amp; Barrett’s annual revenues in 2016 exceeded £610 million. Founded in 1870, it is now Europe’s largest health food chain, has outlets in more than 1,150 locations and employs a workforce of more than[...]

Cyprus signs deal for Europe's largest casino: minister

Tuesday  04:56,   27 june 2017

Cyprus signed a deal Monday with Macau's Melco International and America's Hard Rock for the construction and operation of the biggest casino of its kind in Europe, a minister said. The casino resort -- estimated to cost 600 million euros[...]

Italy is spending €17 billion to wind up 2 failing banks

Tuesday  04:55,   27 june 2017

The Italian government has set aside as much as €17 billion to help with the winding down of two collapsed regional lenders, Popolare di Vicenza and Veneto Banca.&nbsp;The Italian government has set aside as much as €17 billion to help with the[...]

Japanese stocks approach two-year high, euro sags after Draghi's comments

Tuesday  04:55,   27 june 2017

By Shinichi[...]

Northern Irish beef more competitive as sterling weakens

Tuesday  04:55,   27 june 2017

Northern Irish beef is gaining in competitiveness as the euro continues to trade strongly against sterling during 2017 to date and following the UK General Election.It says during 2016 92pc of all UK beef and veal imports originated in the EU and[...]

Google to stop scanning Gmail for ad targeting

Monday  17:20,   26 june 2017

Google said Friday it would stop scanning the contents of Gmail users' inboxes for ad targeting, moving to end a practice that has fueled privacy concerns since the free email service was launched. A Google statement said Gmail users would still [...]

Wetherspoon's announces its Dublin city hotel will open in early 2019

Monday  16:50,   26 june 2017

Planning for the development was granted in April. Dublin City Council had ruled that a 244 sq metre ‘dining area’ and courtyard with tables and chairs be omitted from the plan. However, this has been overturned on appeal.Wetherspoon chairman[...]

Co-op Bank close to sealing £700m rescue deal

Monday  10:36,   26 june 2017
Sky News

The beleaguered Co-operative Bank is closing in on a £700m rescue deal with US hedge funds amid ongoing talks about the separation of the vast pension scheme it shares with the Co-op Group. Sky News has learnt that the Co-op Bank is expected to[...]

Takata files for bankruptcy, overwhelmed by air bag recalls

Monday  09:20,   26 june 2017
Associated Press

Japanese air bag maker Takata Corp. filed for bankruptcy protection in Tokyo and the U.S. on Monday, saying it was the only way to ensure it could carry on supplying replacements for faulty air bag inflators linked to the deaths of at least 16[...]

Broker Cenkos to pick academic as new chief

Monday  07:45,   26 june 2017
Sky News

A former Bank of England economist who teaches history at Cambridge and Oxford universities is being lined up as the next boss of Cenkos, the City stockbroker. Sky News has learnt that Anthony Hotson, who already sits on Cenkos' board as a[...]

South Korea's Woori Bank to open Frankfurt subsidiary ahead of Brexit

Sunday  17:10,   25 june 2017
Press Association

One of South Korea's biggest banks will open a subsidiary in Frankfurt this autumn, making it the latest lender to commit to the German city in the wake of the Brexit vote. Woori Bank currently offers wholesale and corporate banking services to[...]

Pension fund makes Co-op Bank rescue call

Sunday  16:30,   25 june 2017
Sky News

Trustees of the Co-op's giant pension fund are asking US hedge funds to provide a long-term financial guarantee as part of their plan to save one of Britain's biggest lenders.Sky News has learnt that the custodians of the £10bn Pace[...]