Monday, 6th July 2015

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Osborne to announce £12bn in welfare cuts

Mon 6th Jul 15, 08:07:54

UK Chancellor George Osborne on Sunday said he had found £12bn of welfare cuts he needs as part of his plan to balance the current budget by 2017/18.

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JP Morgan now expects Grexit, downgrades European banks

European stocks will dip following the Greek referendum but that is not the script they will follow over the coming three to six months, JP Morgan said on Monday morning. 39 minutes ago

Marshalls revenues up on strong public and commercial market

Landscaping firm Marshalls' revenue rose 11% for the six months ended 30 June 2015, the company said on Monday. 2 hours ago

Europe open: European stocks fall after Greek 'no' vote but losses capped by Varoufakis resignation

European stocks dropped, German debt gained and peripheral bond yields fell as Greece's vote to reject the terms of its international bailout cast doubt over the country's future in the Eurozone, but losses were capped by the surprise resignation of Greek Finance Minister Yanis Varoufakis, which boosted hopes of a deal. 2 hours ago

Citi downgrades BT from 'buy' to 'neutral', highlights risks in telco scene

Citi reduced its rating for BT from 'buy' to 'neutral,' citing risks from a shifting regulatory scene. 2 hours ago

Varoufakis steps down but will remain on negotiating team

A spokesman for Greece“s left-wing Syriza party, Stavros Karagounis, announced on Monday that former Greek finance minister Yanis Varoufakis would remain a part of Greece's negotiating team despite having decided to step down from his post. 2 hours ago

London open: Stocks slump as Greece votes 'no', Rolls-Royce sinks after profit warning

UK stocks slumped into the red on Monday morning after the Greek public pushed the country into unchartered territory by voting a resounding 'no' to creditors' bailout proposals. 1 hour ago

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