News

It was once only a brave investor who’d bet against fashion favourite Asos, but yesterday two City experts called time on the stock.

Amec offers £1.9bn to buy rival Foster Wheeler

Engineering firm Amec today revealed a $3.2 billion (£1.9 billion) potential offer for rival Foster Wheeler, keeping up this year’s hectic start for takeover activity.

Jim O'Neill is doing a programme for the BBC examining MINT economies

Jim O'Neill: The money man who coins a good phrase

The bank economist charts the rise of the emerging nations in a new BBC radio series. David Connett meets Jim O'Neill

Goldman Sachs threatens to quit the City if Britain leaves the European Union

Goldman Sachs has warned that it would move its European operations to Paris or Frankfurt if Britain leaves the European Union.

Goldman Sachs faces more questions over valuation of Royal Mail

Goldman Sachs bankers on the Royal Mail privatisation will again be hauled in front of MPs after their colleagues valued the postal service at nearly twice the price at which it was floated.

Market Report: Speedy Hire shares take a dive

Speedy Hire shares collapsed on Friday following Thursday night’s revelation that chief executive Steve Corcoran was out the door after accounting irregularities were revealed.

Goldman Sachs priced the Royal Mail at £3.30-a-share when it floated last month

Revealed: Goldman Sachs clients' £12m Royal Mail coup

Goldman Sachs may have provided the Government with a “knockdown” valuation of the Royal Mail – losing the taxpayer more than £1bn when it was privatised last month, according to critics.

(Left to right) John Mayne, JP Morgan; Ben Storey, Citibank; James Robertson, UBS; Richard Cormack, Goldman Sachs; Gert Zonneveld, Panmure Gordon and James Agnew, Deutsche Bank at the Business Select Committee

The bankers making millions from the Royal Mail firesale

Goldman Sachs and UBS are among banks and investors who control vast numbers of the shares

Conservative MP Brian Binley has attacked banks involved in the Government's controversial privatisation of Royal Mail, claiming the deal had cost taxpayers money

'Somebody has misled the taxpayer': Tory MP Brian Binley slams banks involved in controversial privatisation of Royal Mail

Officials from Goldman Sachs and UBS were given a grilling by MPs amid complaints that company was undervalued

The Business Matrix: Saturday 16 November 2013

Aga rides rise in house sales

Market Report: Tesco tumbled to 356.16p while Morrisons was weaker at 266.2p

Punters were warned cheap supermarkets will remain a threat to the UK's established grocers so Tesco and Morrisons stock were off the shopping list yesterday.

The Business Matrix: Thursday 14 November 2013

Drax set to beat forecast earnings

Segarra claims NY Fed fired her ‘for Goldman finding’

By early 2012, Carmen Segarra, then a bank examiner at the New York Federal Reserve, had gathered enough information to convince her colleagues whose job it was to keep tabs on big banks that Goldman Sachs, one of the most influential financial institutions in the world, was lacking in its conflicts of interest policies.

US bankers demand higher debt ceiling

Wall Street chief executives last night urged Washington to resolve its issues and raise the federal debt ceiling after a meeting with Barack Obama.

Jim Armitage: Reuters' staff are soon to suffer the storm's wrath

Outlook Sad news filtering out from the venerable Reuters media group last night: 150 job cuts coming soon to the UK and European offices.

Dow shake-up is its biggest in a decade

Investors in America's benchmark stock index will now have the option to put their money in trainers, credit cards and one of Wall Street's most influential investment banks.

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