Ratings agency Moody’s warns of negative outlook for Germany
Credit ratings agency Moody's on Tuesday warned that the outlook for Germany's AAA credit rating is negative, which is said to be the first step towards a possible downgrade. Credit…
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Fears of sovereign bailout for Spain grow
Asian shares fell and the euro hovered near multi-year lows earlier on Monday as Spain ignited concerns about its ability to resist a sovereign bailout after two indebted regions looked…
Necessary Family Income Risen 16% Above Inflation
Since the beginning of the recession the earnings the average family needs to maintain a minimum lifestyle has risen 16% above inflation, claims a recent report. The research, recently published…
Canada’s TPC acquires a 75% stake in Norwegian outdoor clothing firm Helly Hansen
Canadian Teachers' Private Capital (TPC), the private equity investment arm of Ontario Teachers' Pension Plan, has entered into an agreement to buy a 75% stake in Norwegian outdoor apparel designer…
Growth slows in UK service sector in June
Growth in the UK's service sector slowed down in June, with weak demand and the extra holidays for the Queen's Diamond Jubilee weighing on activity, a new survey showed today.…
Wage subsidies brought forward to address youth unemployment in 20 “hotspots”
Areas of the UK with high levels of youth unemployment are to benefit earlier from government help designed to tackle the problem, Deputy Prime Minister Nick Clegg announced today. Under…
NBNK revises offer for 632 Lloyds Bank branches
British banking investment vehicle NBNK Investments Plc (LON:NBNK) said on Wednesday it had tabled a revised offer to buy the retail and commercial business Project Verde of Lloyds Banking Group…
Li Ka-shing closes in on a stake in Manchester Airport
Cheung Kong Infrastructure Holdings Limited (HKG:1038), or CKI, the infrastructure investment vehicle controlled by Hong Kong billionaire Li Ka-shing, has been left with one rival in the race for a…
EC refers Shell’s sale of Shell Aviation Espana to Disa to local competition regulator
The European Commission (EC) said on Friday it had sent to the Spanish competition regulator for review the planned deal by Royal Dutch Shell plc (LON:RDSA) to sell a stake…
Tesco to exit Japan via two-stage sale to domestic player Aeon
British retailer Tesco Plc (LON:TSCO) said on Monday it would sell 50% in its Japanese business to domestic sector player Aeon Co Ltd (TYO:8267) as part of a planned two-stage…
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