Westfield Shopping, east London

Rise in UK retail sales indicates stronger economy

British retail sales volumes showed a surprise monthly increase of 0.3% in July and were stronger than first thought in June, according to official figures released today. Economists had forecast a monthly fall of 0.1% in retail sales volumes for […]

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Seven international banks receive subpoenas for Libor manipulation

Banks on both sides of the Atlantic have received subpoenas in the US in connection with the alleged manipulation of the interbank lending rate, it was revealed today. New


German payment services firm Wirecard acquires Indonesian peer Prima Vista

German payment services company Wirecard AG (ETR:WDI) said on Thursday it had reached a deal to acquire Indonesian peer PT Prima Vista Solusi, or PrimaVista, for a maximum

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JPMorgan executive Stanley sells shares in the bank for $1.1m

JPMorgan Chase & Co (NYSEJPM) executive Jes Staley has reduced his interest in the US bank after selling 30,000 shares, accounting for 7% of his stake, for a


EU companies generate 14% of revenue online — report

European Union companies engaged in e-commerce generate 14% on average of their sales online, Warc has reported, citing research conducted by BITKOM. Bernhard Rohleder, chief executive of the German-based


Reed Elsevier unit acquires Danish software firm Atira

Elsevier BV, a division of Anglo-Dutch publisher and professional information provider Reed Elsevier Group PLC (LON:REL, AMS:REN), said it had acquired Denmark's Atira A/S without disclosing the financial

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