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Richard Reed

Richard Reed worked at a senior level in regional newspapers before becoming editor of a business magazine aimed at the start-up market. Since then he has freelanced for business and finance newspapers and magazines, including the Daily Telegraph, Investment Adviser (FT group), and Citywire.

Articles by Richard Reed Page 1


HSBC pays $100m to settle US fraud case

Banking giant HSBC is to pay more than $100m to settle a US currency-rigging case being brought by the Department of Justice (DoJ).

Richard Reed

Carillion ‘had liabilities of £5bn’

Bankrupt construction giant Carillion had £5bn-worth of financial liabilities when it went into liquidation – including a pension shortfall of £2.6bn.

Richard Reed
Online shopping

Retail sales figures show change in consumer behaviour

The latest retail sales figures have highlighted changing consumer behaviour – with the Black Friday phenomenon making a big impact on UK consumer behaviour.

Richard Reed
US Capitol building

Dollar looking weak as US government shutdown looms

The dollar is looking weak against other currencies as US government is facing its first shutdown in four years, say analysts. Democrat senators appear poised to block the latest funding bill to keep the government running.

Richard Reed

Snap in staff lay-off rumours after analyst’s downgrade

Troubled social media firm Snap has laid off staff in a bid to cut costs, according to reports. Snap has laid off around 24 people, mostly in its content team, which is being centralised at the company California HQ.

Richard Reed

Carillion staff will be hit by £580m pensions black hole

Staff of failed construction giant Carillion are likely to see their pensions cuts after the company went into liquidation with a pensions black hole of £580m.

Richard Reed

Should government have listened to short-sellers over Carillion collapse?

Questions are being asked as to why the government continued to award contracts to troubled engineering and construction giant Carillion long after City experts were betting on the firm’s demise.

Richard Reed

Will cryptocurrencies make your fortune in 2018?

The Bitcoin boom was the big financial story of 2017, as the price soared into the stratosphere – though many experts have dubbed it the Bitcoin bubble, convinced a crash is just around the corner.

Richard Reed
Theresa May

Theresa May meeting financial services chiefs over Brexit

Prime minister Theresa May is meeting financial services chiefs from the City of London this afternoon to discuss the impact of Brexit on the industry.

Richard Reed

Drugs giant Pfizer pulling out of Alzheimer’s and Parkinson’s research

US drugs giant Pfizer is pulling out of research into Alzheimer’s and Parkinson’s disease after disappointing results from new drugs, despite heavy investment.

Richard Reed
Dollar falling

Dollar tumbles amid China sell-off speculation

The US dollar took a big tumble against other major currencies mid-morning, with some speculating a sell-off by China.

Richard Reed

Ethereum regains place as second biggest digital currency

Ethereum has recovered its place as the second biggest cryptocurrency by market capitalisation after a nine-day rally.

Richard Reed
Global trade

Global economy will continue to grow strongly – World Bank

The global economy is set to continue growing at a strong pace for the next two years, according to the latest report from the World Bank.

Richard Reed

M&S lures Dixons FD to boosts management team

Marks & Spencer has boosted its management team by luring a director of Dixons Carphone to join the company.

Richard Reed

Ministers in Berlin to call for post-Brexit financial services deal

Two top Cabinet ministers are in Berlin today in a bid to secure a post-Brexit deal for the UK on financial services.

Richard Reed

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