News

The US economy continued to grow in the final quarter of the year, expanding at an annual rate of 3.2 per cent, according to the Bureau of Economic Analysis.

B&Q owner Kingfisher backs DIY to rally despite a plummet in profits

The chief executive of B&Q owner Kingfisher has dismissed the view that the UK DIY market is in long-term decline, as the wet spring weather wiped nearly a third off the chain’s profits.

Deutsche Bank AGM halted by protesters

Deutsche Bank's chief executive Anshu Jain was forced to abandon a speech at his company's annual meeting in Frankfurt yesterday after investors mounted a protest.

Yellow Pages publisher delays results

The uncertain future of the Yellow Pages directories publisher Hibu took yet another twist yesterday as the debt-laden company unexpectedly delayed its annual results.

'£6bn' cost of extra day off

The extra bank holiday for the Queen’s Diamond Jubilee could have cost the economy up to £6bn in lost output, the Office for National Statistics said yesterday.

Big profits rise for Russia's MegaFon

MegaFon, the Russian mobile operator backed by Russia's richest man, Alisher Usmanov, has raised its core profit margin guidance after beating earnings forecasts and announcing a lavish dividend.

Eurozone crisis: French economy falls back into recession

France's economy has fallen back into recession, spelling trouble for the region.

Betfair under fire from investors after rejecting takeover offer

Betfair management has come under pressure to explain itself to shareholders after throwing out a takeover bid of 950p a share.

Market Report: Babcock backed as it 'sails ahead of pack'

Punters were tallying up the lucrative order book at Babcock International as they piled in to the engineering group yesterday. The British engineering outsourcer, which started life in 1891 when a US boiler maker opened its first UK office, reported results ahead of expectations, with profits up 30 per cent.

Lonmin recovers after troubled year

The platinum miner Lonmin more than doubled first-half profits compared to a troubled 2012 and lifted its production guidance for the year yesterday but warned of the "significant challenge" of wage talks ahead.

Mark Leftly: How guerrilla tactics are forcing boardrooms to man the battle stations

Campaigners are carrying on with the legacy of the shareholider spring

Superdry in a German drive as it shrugs off the freeze

The group behind the Superdry clothing brand has shrugged off the wintry weather to post buoyant sales, as it revealed plans to roll out more stores in Europe’s biggest economy, Germany.

James Moore: Back to school in the US for National Express

Outlook Forget the bus, bosses at National Express need to get on a plane. Today's AGM promises some fireworks with demonstrations planned from the main union (the Teamsters) representing drivers of those iconic yellow school buses used in the US.

Buoyant services firms dent need for money-printing

Another dose of money-printing from the Bank of England looked off the agenda today after Britain’s powerhouse services firms produced their strongest growth since April  last year.

Deal delays cost Imagination dear

Imagination Technologies saw its shares crash by a quarter yesterday after a shock profit warning from the chip designer, which makes the graphic-processing technology for Apple's iPhone and iPad.

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