David Cameron does not support proposals for a temporary price cap on energy tariffs, his spokesman has said, after the competition watchdog said the plan would lead to cheaper bills for 70 per cent of households.
... * Rolls-Royce falls for second day on broker downgrades. * Mining shares under pressure as metal prices fall. * ARM boosted by Morgan Stanley upgrade.
(MKS) were on the slide again after the group posted a subdued first quarter trading statement. Food sales did well during the period, up 3.2 per cent or 0.3 per cent on a like-for-like basis, and outperforming the wider UK market.
FRANKFURT, July 7 The European Central Bank cannot provide emergency funding to banks on "overly generous" terms or against insufficient collateral, it said in a document on Tuesday, spelling out strict terms for banks in Greece and elsewhere to obtain ...
... * Defence opens case in trial of alleged Libor manipulator. * Defendant Hayes, former UBS, Citigroup trader, takes stand. * Hayes denies dishonesty, says wanted to do job well.