Financial Data Giant Poised To Snub London

By Mark Kleinman, City Editor A financial data provider that has gone from start-up to multibillion pound enterprise within a decade is poised to snub London in favour of a stock market listing in New York. I have learnt that Markit Group, which...

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Food Prices Set To Soar After Big Freeze

By Emma Birchley, East of England Correspondent Months of heavy rain followed by extreme cold are set to hit harvests and push the price of the weekly shop up ever higher. More than a quarter of winter wheat could not be planted last autumn because...

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Smartphone Sales Boost Samsung's Profit

Samsung has said it expects to report strong results for the first three months of the year - usually a slow time for consumer electronics sales. The South Korean company estimated that its operating profit rose to 8.7trn won (£5.06bn) in the quarter...

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Immigrant Numbers 'Impossible To Predict'

The potential number of migrant workers from Romania and Bulgaria who will come to live in the UK when restrictions are relaxed remains unpredictable, according to a new report. But the National Institute of Economic and Social Research (NIESR) says...

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Petrol Sales Crash As Consumers Choose Diesel

Petrol sales have plummeted in the last five years, according to official figures, with retailers dispensing 5.4 billion fewer litres than five years ago. In 2007, filling stations sold a total of 22.87 billion litres of petrol, the AA motoring group...

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HP Chairman Raymond Lane Resigns Amid Woes

The chairman of Hewlett-Packard is to resign amid a shakeup of the board of directors at the struggling US computer giant. Non-executive chairman Raymond Lane was re-elected to the board last month with less than 60% of shareholder votes. He will be...

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Ex-HBOS Head Quits After Bank Report Criticism

Former HBOS chief executive Sir James Crosby has resigned from his new job as an adviser to a private equity firm following criticism of his role in the collapse of the bank. He has left European investment firm Bridgepoint after a report by the Parliamentary...

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US New Jobs At Lowest Level For Nine Months

US Jobs Figures Are Deeply Worrying Updated: 4:04pm UK, Friday 05 April 2013 By Ed Conway, Economics Editor Americans are dropping out of the jobs market, and fast. That's the depressing takeaway from today's non-farm payroll report. The overall...

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HMV Rescue Saves 141 Stores And 2,500 Jobs

By Mark Kleinman, City Editor HMV's future as a high street retailer has been salvaged in a £50m deal that secures 2,500 jobs on Britain's beleaguered high streets. Hilco, a restructuring firm, confirmed on Friday morning that it had struck an...

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Axminster Rescue To Save 100 Devon Jobs

By Mark Kleinman, City Editor One of Britain's oldest carpet-makers is to be rescued today in a deal that will preserve about 100 jobs in the south-west of England. I understand that Axminster Carpets, which traces its roots back to 1755, will...

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