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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 Page 1


Viacom beats revenue estimates despite declining affiliate sales

Viacom, owner of MTV and Paramount, reported mixed quarterly results on Thursday as higher-than-expected revenue in its film unit offset flat domestic advertising sales and lower cable TV revenue.

Richard Reed

Amex launches cryptocurrency business payments using Ripple

American Express has introduced cryptocurrency payments for US corporate customers sending funds to UK-based firms that bank with Santander.

Richard Reed

Number of new homes rises to nearly 220,000

The number of new homes coming onto the market in England reached nearly 220,000 in 2016-17, just short of the pre-financial crisis peak.

Richard Reed
Medical centre

Assura to boost dividends after 76% rise in profits

Assura, the UK healthcare real estate investment trust (Reit), plans to boost dividends after seeing a 76% rise in pre-tax profits for the six months ending September.

Richard Reed
TBC Bank

TBC Bank announces 29% profit boost over Q3 2016

TBC Bank Group – the UK parent company of the Georgia’s largest banking group – has announced a boost to third-quarter net profits of 29% compared with 2016.

Richard Reed
Coats Group

Coats Group reports 2% increase in global sales

Coats Group, one of the world’s leading industrial thread manufacturers, has announced a 2% increase in global sales for the quarter ending 31 October.

Richard Reed
Consumer spending

Consumer squeeze likely to ease in 2018, say experts

The squeeze on consumer spend is likely to ease next year, despite the meagre rise in retail spending of just 0.3% in October, say experts.

Richard Reed
Close Brothers

Close Brothers banking group reports strong performance

Merchant banking group Close Brothers has announced a good performance in the 13-week period ending 31 October, with continued strong profitability across all three divisions.

Richard Reed
Chinese manufacturing

China hits back on EU dumping ban

China said on Thursday that the European Union’s trade measures should respect international rules, after the European Parliament approved legislation to protect EU industries against excessively cheap imports from China.

Richard Reed
Ted Baker store

Retailer Ted Baker reports 7.3% rise in sales

UK fashion retailer Ted Baker said on Thursday revenue for the 13 weeks to November 11 had risen by 7.3%, helped by strong online sales.

Richard Reed

Bitcoin rebounds more than $1,000 after losing almost a third of its value

Bitcoin surged on Monday, recovering more than $1,000 (£763.5) after losing almost a third of its value in less than four days as traders bought back into the volatile cryptocurrency.

Richard Reed
Bombardier jet

Bombardier boss says Airbus deal will strengthen company

Bombardier executive Fred Cromer has said the company’s deal with Airbus will strengthen company and preserve jobs at the Northern Ireland plant.

Richard Reed

Consumers spend record $25bn in China’s Singles Day shopping spree

China’s e-commerce giant Alibaba saw record sales of $25.4bn on Friday in its annual Singles Day retail spree – 40% up on 2016.

Richard Reed

General Electric halves dividend for shareholders

General Electric (GE) is cutting its share dividend for only the second time since the Great Depression of the 1930s. The company has announced it is cutting the dividend from 24 to 12 cent

Richard Reed

Kingspan warns of some signs of slowdown in UK construction market

Irish building materials group Kingspan’s (KSP.I) reported a rise in profits on Monday but warned it had seen some recent evidence of a slowdown in the British commercial and industrial construction market, sending its share price lower.

Richard Reed

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