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.

Jim Armitage: Schroders must tread with care when the time comes for its next generation

Outlook First Standard Chartered, then Experian, and now Sainsbury’s. It’s shaping up to be a year of boardroom upheaval, and it’s still only January. Who next? Well, a little bird tells me Schroders’ veteran chief executive Michael Dobson has sounded out confidants in the City about the idea of him becoming chairman of this granddaddy of fund managers, succeeding 69-year-old Andrew Beeson.

Mulberry shares plunge after shock profit warning

Shares in Mulberry plummeted nearly 30 per cent in early London trading after the luxury brand issued its third profit warning under chief executive Bruno Guillon.

Shares fell as much as four per cent following the announcement of Justin King's departure

Sainsbury's chief Justin King to step down in July after 10 years

Justin King will be replaced by commercial director Mike Coupe at Sainsbury's

Britain's economy 'growing at fastest pace since 2007' crash, says CBI

Britain's economic output grew at its fastest pace in January since September 2007, the Confederation of British Industry said today

Apple's shares were down on Monday

Apple shares tumble despite record sales

The firm sold a record 51 million iphones and 26 million iPads but profits from October to January - usually a bumper period - remained flat

Supporters of Egypt's army chief General Abdel Fattah al-Sisi hold his posters in Tahrir square in Cairo, on the third anniversary of Egypt's uprising

BG Group shares plunge after Egypt turmoil hits profits

Egypt accounts for nearly a fifth of group's production

Mark Dampier: Unicorn gets the picture with smaller companies

Smaller companies have been a lucrative, albeit higher-risk, area to invest over the long term. The Numis Smaller Companies Index has, since 1955, achieved an annual return of 15.8 per cent compared with 12 per cent for the broader UK stock market.

Yellow Pages bosses pay rose 70% as it collapsed

Yellow Pages owner Hibu hiked the pay of senior management while the loss-making company was missing loan repayments and heading for collapse

Easyjet shares dive after airline issues weak trading update

EasyJet shares plummeted after the budget airline warned that the timing of Easter would have an impact on its first-half results.

The Business Matrix: Thursday 23 January 2014

Coach loses ground on rivals

BHP Billiton sees record production but misses targets

New chief Andrew Mackenzie confident BHP Billiton can achieve 16% growth in two years

Two bedroom flat to rent at Beaufort Court, Atlantic Wharf, Cardiff CF10. On with Northwood UK at £650 pcm (£150 pw)

One in five landlords has returned early from a holiday to help tenants

On average, landlords visited their property three times in the last 12 months to carry out repairs

Farage farrago: He suggested women taking time off to have children made them ‘worth less’ to City firms

Nigel Farage: what's really happening in the City?

The Ukip leader's views about working women are hopelessly out of date, says Margareta Pagano.

Third Point takes significant shareholding in Dow Chemical

Third Point, the hedge fund run by activist investor Daniel Loeb, has taken a significant shareholding in Dow Chemical and is urging the company to explore a spin off of its petrochemical business so it can concentrate on being a specialty chemicals firm.

Unilever beats forecasts on emerging markets rebound

After battering global shares in consumer goods giants with a profit warning in October, Unilever, the company behind Dove soaps and Lipton iced teas, said there had been a considerable pick-up in countries like India and China.

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