Economy

Mario Draghi: 'Well done, Europe. You're doing molto bene!'

Mario Draghi: 'Well done, Europe. You're doing molto bene!'

The European Central Bank (ECB) president has given an ebullient speech on the enduring strength of the eurozone and the 'tangible improvements' he has witnessed in the state of the UK economy.

 

Also in the news:

Co-op puts brakes on loans to new business customers

Co-op puts brakes on loans to new business customers

24 May 2013

The Co-operative Bank has suddenly got cold feet about loans to new corporate clients, after reporting a surprise massive loss for 2012.

 
 
Glimmer of hope for HP as turnaround kicks in

Glimmer of hope for HP as turnaround kicks in

23 May 2013

It's not often that a drop in profits is met with a sprightly jump in share price. But that's what happened to HP today.

 
 
Global markets tumble on Chinese data and US warning

Global markets tumble on Chinese data and US warning

23 May 2013

There's an economic storm a-brewing today, after weaker-than-expected Chinese data shocked markets, and the US Federal Reserve revealed that it might slow down its money stimulus.

 
 
Another weather-beating for the high street

Another weather-beating for the high street

22 May 2013

The ONS has revealed that retail sales were down 1.3% in April compared with the previous month. BUT there could be light at the end of the tunnel...

 
 
UK government borrowing falls. Well, kinda

UK government borrowing falls. Well, kinda

22 May 2013

Public sector borrowing for 2012-13 has fallen 30% on the previous year to £85.1bn. But that's mainly because of the transfer of the Royal Mail pension fund.

 
 
Luke Johnson: The madness of investing in booming digital firms

Luke Johnson: The madness of investing in booming digital firms

22 May 2013

Software firms offer tempting opportunities for VC investors - but often they are too risky, says Luke Johnson. He's taking a punt on a restaurant in Florida.

 
 
Battersea developer romps home with $1bn sales

Battersea developer romps home with $1bn sales

21 May 2013

The developers of the Battersea Power Station complex have sold $1bn worth of properties as of Monday, making it one of the fastest-selling London developments ever.

 
 
JP Morgan boss faces investor wrath

JP Morgan boss faces investor wrath

20 May 2013

Shareholders have lambasted the chairman and chief exec of JP Morgan, Jamie Dimon, over holding both roles. They say he should be one or t'other.

 
 
High inflation has 'cost the UK £10bn', says report

High inflation has 'cost the UK £10bn', says report

20 May 2013

The Ernst & Young Item Club, which makes economic forecasts using the Treasury's own methods, says inflation has cost the UK £10bn over the last three years alone.

 
 
Record profits at Ryanair but the only way is down

Record profits at Ryanair but the only way is down

20 May 2013

Ryanair reports a record 13% rise in full-year profits but warns that higher airport charges means it's downhill from now.

 
 
Howard Davies: Why did Hollande entrust France's finances to a cosmetic surgeon?

Howard Davies: Why did Hollande entrust France's finances to a cosmetic surgeon?

17 May 2013

Cahuzac, a cosmetic surgeon and Frances' budget minister, left a toxic cloud behind him after he resigned over a tax scandal. What did Hollande know and when?

 
 
Thomas Cook to fly in £400m of shareholders' cash

Thomas Cook to fly in £400m of shareholders' cash

16 May 2013

The struggling tour operator is expected to ask its shareholders to stump up £400m to help it pay off some debts.

 
 

The MT interview: Gareth Penny

The boss of the world's dominant diamond business

Gareth Penny, De Beers Group CEO, predicts a sparkling return to form

 
 

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