Pound euro rate live: Sterling RISES ahead of Theresa May’s Brexit Florence speech | City & Business | Finance

Sterling is up to 1.131 against the euro and 1.358 against the US dollar, as markets await the crucial Brexit update from Theresa May in Florence on Friday. (adsbygoogle = window.adsbygoogle || []).push({}); If the Prime Minister weighs in towards a softer Brexit, the pound could push higher, experts forecast.  But if Mrs May signals More...

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By news On Wednesday, September 20th, 2017
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Tata Steel to merge with Germany’s Thyssenkrupp with 4,000 UK jobs at risk | City & Business | Finance

GETTY Tata Steel and Thyssenkrupp have taken the first steps to merge with Thyssenkrupp The steel giants have been in negotiations for 18 months after Tata decided not to sell its UK business, which More...

By news On Tuesday, September 19th, 2017
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Deutsche Bank: Central banks are OUT of ammunition if recession hits | City & Business | Finance

In a new report published by strategists at Deutsche Bank, the analysts warn record low interest levels, combined with high levels of government debt, could leave central banks powerless to deal with another recession More...

By news On Tuesday, September 19th, 2017
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GBP v EUR: Pound slips as chaos continues after Boris comments | City & Business | Finance

GBP/EUR has shortened losses to -0.2 per cent and is trading at €1.1275 on softening hopes of a near-term rate hike from the Bank of England (BoE). Yesterday BoE Governor Mark Carney dampened market expectations More...

By news On Tuesday, September 19th, 2017
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Deutsche Bank warning – Global financial CRASH inevitable if Chinese ‘credit bubble pops’ | City & Business | Finance

Getty Deutsche Bank has said that China could be the source of the next financial crash Strategists at the German bank have indicated China could be the trigger for the next economic downturn as More...

By news On Tuesday, September 19th, 2017
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Toys ‘R’ Us files for bankruptcy protection ahead of busy holiday season | City & Business | Finance

The US toy retailer is grappling huge debts, and faces fierce competition from other major retail rivals, mainly Amazon, Walmart and Target.  The company has 1,600 stores worldwide which employs 64,000 staff.  The More...

By news On Monday, September 18th, 2017
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Peperami-maker Jack Link tempted by multimillion-pound manufacturing plant in the Midlands | City & Business | Finance

The US food firm said the potential new site was part of an aggressive European growth strategy and would build upon its existing operations in Ansbach, Germany.  The facility would produce Jack Link’s Beef More...

By news On Monday, September 18th, 2017
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Higher interest rates to trigger world economic meltdown as spenders ‘fall into DEBT TRAP’ | City & Business | Finance

The world has become so used to ultra-low interest rates and cheap credit that any rise in the cost of money could trigger a financial catastrophe, the Bank for International Settlements (BIS) warned. Central banks More...

By news On Monday, September 18th, 2017
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Ryanair cancelled flights see shares TUMBLE as passengers rage over travel disruption | City & Business | Finance

Ryanair said the cancellations, which were announced on Friday and began immediately, were designed “to improve its system-wide punctuality which has fallen below 80 percent in the first two weeks of September”. The More...

By news On Sunday, September 17th, 2017
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Bitcoin scam alert: ICO coin sale fraud warning for investors from FCA | City & Business | Finance

The price of bitcoin has jumped from around $600 to almost $5,000 in the space of 12 months. The huge rise in value has also led to higher prices in rival digital currencies such as ethereum – and also fuelled More...