Economics Page 374

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Multinationals avoided paying UK government £5.8bn in tax

Multinational companies avoided paying the UK government £5.8bn in corporation tax last year by keeping their accounts in countries with low-tax regimes.

Richard Reed
PAI acquires Refresco for €1.62bn

PAI Partners, the French private equity group, has completed the €1.62bn acquisition of Netherlands-based drinks company Refresco.

James Hester
UK growth pick-up increases likelihood of November rate hike

Although a 0.4% rise in quarterly gross domestic product wasn't strong enough to boost annual growth, after two quarters of 0.3% gains it shifted the needle on interest rate expectations

Neil Dennis
photo of factory worker
AM update: UK GDP eyed, Lloyds up, gold down

At 9.30am the latest UK GDP figures is announced for the last quarter.

Adrian Holliday
Lockheed Martin misses Wall Street forecasts

Lockheed Martin’s Q3 results fell short of Wall Street estimates

Claire Veares
Global sales up at McDonald’s

McDonald’s reported better than expected sales for Q3, with same-store sales climbing 6% in the three months to the end of September.

Claire Veares

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Copper rally has potential to reach $8,000 Goldman says

Goldman Sachs' commodities team has said copper, having already passed the $7,000 a tonne mark to a three-year high, could move as high as $8,000 a tonne by 2022

Neil Dennis
Binder with accountants in background
Investors to receive more under enhanced auditors' reform rule

The Securities and Exchange Commission gave final approval to a regulation requiring auditors to tell investors more about what they learned when auditing a company's books.

Claire Hunte
Eurozone can weather ECB tapering, analysts say

While the eurozone purchasing manager surveys were a little weaker than expected, they still indicated strong levels of growth that will enable businesses to endure any negative impact from upcoming tapering by the European Central Bank

Neil Dennis
Saudi Arabia
Saudi Arabia to invest $30m in Blackstone fund

Saudi Arabia's sovereign wealth fund has said it will invest $20bn in a new healthcare and real estate fund set up by US private equity group Blackstone

Neil Dennis
Eurozone manufacturing raises the pace in October

Manufacturing activity continued to drive the eurozone economy in October, according to the latest survey of the region's purchasing managers

Neil Dennis
Novartis shares drop on generic drugs and Alcon worries

Novartis shares traded slightly lower this morning despite the company reporting a good set of third-quarter results.

James Hester
BrightHouse to refund £14.8m in unaffordable payments

BrightHouse, the rent-to-own provider said it would provide £14.8m in redress to about 249,000 customers after consultation with the Financial Conduct Authority (FCA)

Neil Dennis
Unicredit releases third-quarter results by mistake

Italy's biggest bank released its third-quarter results on Tuesday - more than two weeks earlier than scheduled - after sending them to investors and analysts overnight by mistake

Neil Dennis
Photo of Janet Yellen
AM update: Dollar weakens, Costa profits down, gold up

The US dollar weakened overnight as uncertainty washed about over US Federal Reserve chair Janet Yellen

Adrian Holliday

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