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UK banks exposed to money laundering in South Africa

Lord Peter Hain says the banks “maybe inadvertently have been conduits for the corrupt proceeds of money”. Powered by WPeMatico  More →

American Express CEO Kenneth Chenault to retire next year

Kenneth Chenault, one of the most prominent black businessmen and long-time chairman and CEO of American Express, will retire in early 2018; led company through financial crisis and 9/11 attacks Powered by WPeMatico  More →

MARKET REPORT: FTSE 250 hits record high

Britain’s mid-cap index gained 0.64 per cent, or 128.82 points, to close at 20,259.77, on a bumper day for investors. Powered by WPeMatico  More →

Major squeeze on wages is confirmed by ONS

Today’s monthly update on unemployment revealed the number of people in work has risen again to 32.1million. The unemployment rate was just 4.3 per cent. Powered by WPeMatico  More →

Winning Amazon’s New Headquarters Could Come With Hidden Costs

Over the last few weeks officials in dozens of American cities have been working overtime to prove that they are prime for Amazon. The Kansas City, Mo.,mayor’s office ordered 1,000 items from the Seattle-based behemoth—ranging from a hot-dog costume to wind chimes—and then wrote reviews for each product. The city of Birmingham, Ala., built Amazon boxes the size of bread trucks and displayed them around town. A town in Georgia proposed donating some of its own land and renaming it after... 

London and the West Midland lead summer house price falls

Research suggests that prices in England fell by 0.85 per cent on average between July and September, with London recording the biggest fall at 0.99 per cent Powered by WPeMatico  More →

Lloyds Bank shareholders ‘mugged’, claim lawyers

Shareholders are suing the bank and five former directors over the 2008 purchase of Halifax Bank of Scotland. Powered by WPeMatico  More →

MARKETS CLOSE: London shares shoot higher 

In focus today will be UK unemployment and earnings, the latter likely most important following yesterday’s UK inflation foray back above 3 per cent. Powered by WPeMatico  More →

Anthem will turn to CVS after troubled Express Scripts deal

Anthem has found a new partner to help run prescription drug coverage after the Blue Cross-Blue Shield insurer’s rocky relationship with Express Scripts ends Powered by WPeMatico  More →

Half of British adults at risk of financial shock says FCA

FCA chief Andrew Bailey said 15 million workers were failing to save into a private pension, despite the surge in adoption of employer schemes delivered since auto-enrolment kicked in. Powered by WPeMatico  More →
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