Business news blog


Wall Street ends lower after sell-off

US shares turn sour after a strong start on Wednesday, with energy and consumer goods firms faring worst.

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Investor sells Rolls-Royce stake

The well-known investor Neil Woodford has sold his stake in the engineering firm Rolls-Royce, saying he has lost his confidence in the business model.

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U.K. Bank Levy May Focus on Domestic Business to Protect London - Bloomberg


Business Insider

U.K. Bank Levy May Focus on Domestic Business to Protect London
Bloomberg
The U.K. government may redesign its bank levy to impose less of a burden on international banks and ensure London retains its attractiveness as a major hub of the financial-services industry. Chancellor of the Exchequer George Osborne proposed ...
One of the world's biggest miners is about to cut two-thirds of its workforceBusiness Insider
Anglo American to cut workforce by 85000 in restructuringBBC News

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RSA Ins Grp UK Regulatory Announcement: Disposal - Business Wire (press release)


RSA Ins Grp UK Regulatory Announcement: Disposal
Business Wire (press release)
RSA has core operations in the UK & Ireland, Scandinavia, and Canada, and has the capability to write business in around 140 countries. Focusing on general insurance, RSA has around 19,000 employees and, in 2014, its net written premiums were ?7.5 ...

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Investors are terrified by the '3rd wave' of the financial crisis - Business Insider


Business Insider

Investors are terrified by the '3rd wave' of the financial crisis
Business Insider
The company says that for the equities business, the final three months of the year were "the worst quarter for outflows from this asset class since the global financial crisis" across the industry. That's a huge, flashing warning signal. Aberdeen is ...
The week ahead in business and financeTelegraph.co.uk
Warning over corporate bond marketBBC News

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