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.

Irish unemployment falls to lowest level since 2009

The number of people signing on last month fell to just over 390,000.

Sage hikes dividend as cloud business takes off

Investors cheered software firm Sage after the company announced plans to hiked its dividend and said it was on track to meet growth targets.

Hibu shareholders hit out at Yellow Pages 'conspiracy'

Shareholders in collapsed Yellow Pages publisher Hibu have accused the directors of a "conspiracy" to let the main company go bust while preserving the value of its subsidiaries for lenders.

The Business Matrix: Tuesday 3 December 2013

Firms on trial for Eads share trades

Rathbones chief executive Andy Pomfret to retire

Andy Pomfret has announced plans to step down as chief executive of the £20 billion-plus fund manager Rathbone Brothers next year, handing over to his recently recruited deputy, Philip Howell.

PricewaterhouseCoopers loses £18 million Unilever contract to rival KPMG

Unilever has announced plans to ditch PricewaterhouseCoopers after 27 years and is set to move its  £18 million a year audit to rival KPMG.

The Rail Europe name is to be erased by Christmas – just as horizons for British train travellers are being expanded with a new Paris-Barcelona high-speed service

End of the Rail Europe brand before Christmas condemned as ‘absolutely daft’

The strongest brand in European train travel has reached the end of the line. The Rail Europe name is to be erased by Christmas – just as horizons for British train travellers are being expanded with a new Paris-Barcelona high-speed service.

The Yellow Pages publisher's shares were suspended

Hibu shareholders condemn directors for pulling out of a grilling at meeting

Angry shareholders in the Yellow Pages publisher hibu have accused the directors of “deplorable” behaviour and cowardice for pulling out of a special general meeting, where they were set to face a grilling.

Bumi investors move closer to Bakrie split-up

Shareholders will vote on the separation on the week commencing 16 December

Compass shares rally as catering giant lands Silicon Valley contract

Shares of Compass jumped after the British catering giant announced it added LinkedIn to its Silicon Valley client portfolio, which include online heavyweights Twitter, Google, Amazon, Yahoo, Ebay and Microsoft.

HP and boss Whitman to defend class action rule over Autonomy

Hewlett Packard and chief executive officer Meg Whitman will have to defend a class-action lawsuit over fraud allegations involving its British subsidiary, Autonomy, a US court has ruled.

Pope Francis arrives to conduct his weekly general audience at St. Peter's Square

'A new tyranny': Pope Francis attacks unfettered capitalism and says rich should share wealth

Pontiff calls for major change - but reiterates church's opposition to abortion and the ordination of female priests

Simon Read: Another fund manager leaves? So what?

Investors are becoming used to regular fund management changes with several significant City heavyweights moving on in recent times. In September it was Fidelity's Sanjeev Shah who announced he was standing down as manager of the hugely popular Special Situations fund he had, in turn, inherited from Anthony Bolton five years previously. His place in the managerial hot seat has been taken by Alex Wright.

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