Sunday, 21st December 2014

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News & Reports

Tesco's suppliers to be involved in SFO investigation

Sun 21st Dec 14, 11:09:35

Some of Tesco's suppliers are to be involved in the Serious Fraud Office's investigation over the stricken retail giant's accounting practices.

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Today's Market Reports

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FCA wants bank to fund FX fines out of their bonuses

The banks involved in the foreign exchange rigging scandal should fund their fines out of this year's bonuses, the Financial Conduct Authority (FCA) has said. 32 minutes ago

Shoppers hit the stores on Panic Saturday

Shoppers flocked high streets and shops around Britain in the last Saturday before Christmas, as retailers estimated £1.2bn were spent on the day. 52 minutes ago

US close: Markets ascend as post-Fed boom continues and crude futures rise

US stocks advanced on Friday in a continuation of the week's post-Fed boost after a day of little economic data. 2 days ago

Friday tips round-up: Diageo, Catlin Group

Consumer goods giant Diageo is seeing a slowdown in growth in one of its main markets, the United States. One would have thought the economic recovery and drop in the oil price would have translated into greater discretionary spending on the liquors and spirits which it purveys. Yet that has not been the case, the company´s boss, Larry Scwhartz, admitted. That is much the same as recent comments out from several of its peers. Increased discounting among top brands, in response to more price-conscious consumers, has been one factor 2 days ago

Results Round-up

People have been buying more carpets as the British housing market recovered, helping floor covering retailer United Carpets to roll out higher profits. 2 days ago

London close: Stable oil prices and upbeat retail news buoys Santa rally

The Santa rally continued on its merry way on Friday as oil prices rose and upbeat retail data boosted supermarkets. 2 days ago

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