Sterling's dramatic appreciation at the start of the year has put a dampner on hiring and economic growth, a member of the Bank of England's Monetary Policy Committee has warned.
Sainsbury's shares have closed down 7% after it reported a fall in sales for the past quarter. It said like-for-like sales, excluding fuel, in the three months to the end of September fell 2.8%, its third consecutive quarterly sales fall.
Songbird Estates has agreed to sell one of its Canary Wharf buildings, 50 Bank Street, for �153.5m to a prominent Hong Kong family, the latest deal in a growing trend of Asian investment in the capital's commercial property market.
LONDON (MarketWatch)�European equities fell and the euro languished at two-year lows against the dollar on Wednesday, as economic data highlighted the growth challenges that the European Central Bank likely will address at its meeting Thursday.
Every so often, a company announces that it is considering its �strategic options� for one of its businesses, which means that it wants to ditch it as soon as possible.