Finance news - UK & global economic news

Finance

Brexit: City of London to lose out if €25bn merger between LSE and Deutsche Boerse goes ahead

Merger will allow ECB to have continued control over UK financial markets even after Brexit.

Jan 16, 2017

By Rachel Middleton

European Central Bank London

Italian government approves bailout of Monte dei Paschi di Siena bank

Prime Minister Paolo Gentiloni claimed he 'important day' would see the bank 'turn a corner'.

Dec 23, 2016

By Tareq Haddad

Too big to save? How Italy's banking system could lead to the unravelling of the European Union

Eurozone's third biggest economy faces a financial ultimatum.

Dec 21, 2016

By Liam Moloney

Italy France Brexit

Jeremy Corbyn demands May 'gets a grip' of social care and cancels corporation tax cut

May hit back by arguing Labour had not tackled the issue during the party's 13 years in office.

Dec 14, 2016

By Ian Silvera

Jeremy Corbyn Tax

Labour backs triple-lock pension guarantee after 'generational inequality' warnings

Work and Pensions Committee said the system should be scrapped because of its 'unsustainable nature.

Dec 13, 2016

By Ian Silvera

Cyber attacks on Swift payment network are continuing - and are succeeding

Hackers who stole £63m from Bangladesh Bank in February are still outfoxing the authorities.

Dec 13, 2016

By Tareq Haddad

1MDB scandal: Singapore to ban former Goldman Sachs banker Tim Leissner

Former top Southeast Asia dealmaker faces a 10 year ban from the Singapore securities industry.

Dec 2, 2016

By Tom Porter

Goldman Sachs

Vegetarians call for new £5 note to be scrapped because of animal fat content

A petition demanding the Bank of England replace the note is signed 75,000 times in one day.

Nov 30, 2016

By Tareq Haddad

Bank of England

Brexit will be harder on the UK than on eurozone, warns European Central Bank

ECB President Mario Draghi says single market has been a fundamental asset for London.

Nov 28, 2016

By Rachel Middleton

Brexit European Central Bank London

Donald Trump is a threat to European markets, warns European Central Bank

The ECB warns of a further surge in borrowing costs for eurozone governments.

Nov 24, 2016

By Rachel Middleton

European Central Bank Donald Trump

Low-income households in UK face savings squeeze due to universal credit cuts and rising rents

Welfare cuts will leave low-earning working households worse off by £48.90 a week through to 2020, study says.

Nov 21, 2016

By Karthick Arvinth

Autumn Statement Philip Hammond Brexit

IoD predicts UK will slash corporation tax to 15% because of Donald Trump

Top business body told IBTimes UK that Western economies will follow the White House's lead.

Nov 18, 2016

By Ian Silvera

White House Donald Trump Tax

MP expenses bill hits £133m as UK taxpayers are charged £7.7m more

Taxpayers' Alliance told IBTimes UK that MPs should not 'take their eyes off the ball'.

Nov 17, 2016

By Ian Silvera

Ukip group faces £150,000 fine from EU Parliament over 'misspent' funds

Leaked audit claims Alliance for Direct Democracy in Europe misused £430,000 worth of grants.

Nov 17, 2016

By Ian Silvera

UKIP Nigel Farage Brexit

Voadafone and TalkTalk: Is it time to dial into British telecoms?

Despite strong results for Vodafone and TalkTalk, there are reasons to be cautious before investing in British telecoms companies.

Nov 17, 2016

By Edmund Shing

LON:TALK LON:VOD

Burberry reports fall in profits for the six months to 30 September

Adjusted profit before tax was £146m, down 24% from 2015 on an underlying basis.

Nov 9, 2016

By Kedar Grandhi

City of London financial district, London

UK-based banks contributed 5.5% to government tax receipts

Banks paid £34.2bn in taxes in the year ending March 2016, BBA says.

Nov 9, 2016

By Karthick Arvinth

Brexit London

Chancellor Philip Hammond urged to lift borrowing cap on local authorities for social housing

Government needs to think creatively on addressing growing housing crisis, construction industry says.

Nov 9, 2016

By Rachel Middleton

Panama Papers: How to check online searchable database set to be released today

UK investigates 22 suspected tax evaders named in Panama Papers

Some 43 high net worth individuals placed under review by government task force.

Nov 9, 2016

By Karthick Arvinth

Panama Papers Philip Hammond

Punch Taverns swings to pretax profit of £60m in fiscal 2016

Punch Taverns reports pretax profit of £60m in fiscal 2016

This is a big improvement over the £105m loss it reported in the last fiscal year.

Nov 8, 2016

By Kedar Grandhi

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