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Investments News

Marks & Spencer full year profits fall by 14% to £564 million

Marks & Spencer has announced a drop in profits

Marks & Spencer has announced a big drop in profits as sales from its clothing range struggle. Profits fell by 14 per cent to £654 million.

Ocado shares jump on deal with Morrisons

Pcado has agreed a new online partnership with Morrisons

Shares in Ocado went up strongly after a deal with Morrisons' was announced that adds to the firms online grocery presence.

RBS taxpayer share sale could start within a year

RBS is preparing to return to the private sector

The Chairman of the Royal Bank of Scotland Sir Philip Hampton says he can't guarantee there are no more "skeletons in the cupboard" and further job losses are possible as the company continues restructuring.

Osborne holds firm on austerity amid economic growth signals

Osborne addressed business leaders at the CBI

The Chancellor, George Osborne told business leaders at the CBI dinner to stay the course on austerity as the economy shows signs of a sustained recovery.

CBI says the UK economy is returning to growth

The CBI says the UK economy is returning to growth

The CBI says that the UK economy is emerging into growth as it predicts the economy will grow by 1.0 per cent in 2013 and by 2.0 per cent in 2014.

Industrial output rise suggests momentum for UK economic growth

Industrial output grew by 0.7% in March

There was a better than expected rise in industrial output adding to the recent good economic news and providing hope that the economy can build on the 0.3 per cent rise in GDP in Q1.

ONS figures show construction sector saved UK from double-dip

Revised figures show the UK is likely to have avoided a double-dip recession

Revised figures on the economy from the Office for National Statistics shows that the UK technically avoided a double-dip recession in the six months between October 2011 and March 2012.

Tax authorities join together on global tax avoidance crackdown

Uncle Sam and other tax authorities are planning a crackdown on tax evasion

Tax authorities from the UK, US and Australia are to join together to investigate tax evasion from some of the wealthiest people in the world after receiving huge amounts of data from a whistle-blower.


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