Economics Page 375

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
Bitcoin will hit $7,000 soon, claims Bithumb exchange

Bithumb, which claims to be the world's largest cryptocurrency exchange, says Bitcoin is poised to reach nearly $7,000. Trading prices have already reached $6,100 per coin.

Chris Wheal
Netflix $1.6bn bond debt for content and acquisitions

Netflix is to raise $1.6bn (£1.2bn) through an institutional bond issue. It said the money might pay for “content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions”.

Chris Wheal
EU deficit to GDP and debt to GDP ratios fall

The euro area government deficit to GDP ratio fell from 2.1% in 2015 to 1.5% in 2016, and in the EU28 from 2.4% to 1.7%. The euro area GDP ratio fell from 89.9% (2015) to 88.9% (2016), and in the EU28 from 84.5% to 83.2%, according to EU statistics body Eurostat.

Chris Wheal
Barclays Bank sign outside Canary Wharf building
Barclays responds to FCA complaint data

Barclays Bank says it is making serious efforts to tackle the outsized number of customer complaints which saw it lead the FCA's complaints table

Claire Hunte

Johnston newspapers
Johnston Press share price slump on stymied takeover

Johnstone Press' share price fell precipitously to 11% in afternoon trading after news that activist investor, Custos Group, failed in its weekend attempt to oust the company's management.

Claire Hunte
Hartford buys Aetna's insurance division

Connecticut-based insurer Hartford Financial Services is paying $1.45bn to buy health insurer Aetna’s unit that provides life and disability income and other insurance products to employers' benefits programs.

Chris Wheal
Cameroon’s cocoa crop suffers black-pod outbreak

Cameroon's chief cocoa-growing region has been hit by an outbreak of black-pod disease, destroying large areas of the African country's main crop

Neil Dennis
GKN business split talk boosts shares

Shares in engineering group GKN recovered some poise on Monday following a profit warning nearly two weeks ago as investors mulled the possibility of the company splitting into two businesses

Neil Dennis
Tencent looks to raise $1bn from China Literature IPO

Online publisher China Literature begins an investor roadshow today as owner Tencent seeks to raise around $1bn through an initial public offering (IPO).

James Hester
Philips reports earnings drop as sales slow

Philips reported a mixed set of results today with third-quarter earnings falling by 15%.

James Hester
Economic preview: third-quarter growth in the UK and US

A very busy week for economic news ahead as the UK and US reveal preliminary estimates for third-quarter gross domestic product, while the European Central Bank and the Bank of Canada both make policy decisions

Neil Dennis
Photo of Donald Tusk
PM update: UK trade talks boosted, dollar up, GE tumbles

PM Theresa May got a boost from EU leaders earlier when UK trade talks were more or less rubber-stamped for December

Adrian Holliday
Iceland grounds airberlin plane over unpaid charges

Reuters reports that an Air Berlin airliner was grounded at Iceland’s Keflavik airport late on Thursday because the insolvent German carrier had not paid its airport charges

Claire Veares

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