Monthly Archives: October 2017

Pound starts crucial week on the front foot; HSBC profit jumps as Asia pivot bears fruit

HSBC reported a 448pc jump in pre-tax profit Pound starts crucial week on the front foot, jumping 0.4pc to $1.3160 against the dollar; Bank of England expected to hike interest rates for the first time in a decade on Thursday […]

Assets of the world’s rich to hit $145 trillion by 2025 as an aging population starts saving

Telegraph Business The amount of money being invested by the world’s super-rich is set to grow more than 70pc by 2025 as money pours in from emerging markets and an older population. The $84.9 trillion of assets currently being managed […]

Nintendo doubles profit forecast on soaring Switch sales

Telegraph Business Nintendo has almost doubled its profit forecasts for the year on the back of soaring sales of its new Switch console. The Japanese videogames maker said it had already sold 7.63m Switches since launching the product in March […]

Glencore set for bumper profits in trading arm despite mining woes

Telegraph Business Glencore has shrugged off production problems in various parts of the world to inform investors that its lucrative trading business will make even more profit than expected this year. The FTSE 100 mining giant’s oil and commodity trading […]

Grocers brace for verdict on Tesco’s £3.7bn cash and carry takeover

Telegraph Business Britain’s grocers are braced this week for the a provisional decision from competition watchdogs on Tesco’s £3.7bn takeover of the cash and carry giant Booker. The Competition and Markets authority is expected to unveil the findings of a […]

Rural broadband deal under threat as Government talks with Openreach hit legal problems

Telegraph Business A proposed £600m deal between the Government and BT’s network subsidiary Openreach to deliver superfast broadband to 1.4 million rural homes faces legal hurdles. It is understood that legal advisers have raised concerns that a voluntary offer from […]

EU banks spared ringfencing rules imposed on British lenders

Telegraph Business Banks in the European Union will not have to follow Britain’s lead and split into separate retail and investment operations after Brussels ditched a long-planned ringfencing law. UK lenders have spent billions of pounds carving out protected retail […]

Further Heathrow consultation launched as MPs prepare to debate impact of scheme

Telegraph Business The Government has launched a fresh round of consultations on the proposed expansion of Heathrow airport with critical MPs set to debate the potential economic and environmental impacts of the project in Parliament tomorrow. Its revised draft Airports […]

RBS sells stake in Euroclear for £245m to New York Stock Exchange owner

Telegraph Business RBS has confirmed the sale of its stake in settlement house Euroclear for €275m (£245m), with the owner of the New York Stock Exchange snapping up its 4pc stake. The purchase by InterContinental Exchange (ICE) gives the US […]

Carpetright shares slide as boss warns of ‘volatile conditions’

Telegraph Business Carpetright shares fell 6.36pc this morning after the flooring retailer said profits would be lower in the first half of this year and its chief executive warned of “volatile” trading conditions. Group sales were up 1.8pc in the […]