Shares in Britain's banks surged yesterday as new rules on the cash they must hold as a proportion of loans turned out to be less onerous than feared and Royal Bank of Scotland converted last year's third-quarter loss into a thumping profit.
NEW YORK (Reuters) - Global equity markets surged more than 1 percent and the yen fell to a nearly seven-year low against the dollar on Friday after the Bank of Japan surprised financial markets by ramping up its massive economic stimulus program.
WPP's founder Sir Martin Sorrell warned yesterday that the Ebola epidemic, the rise of Isis and unrest in Hong Kong are �grinding down� confidence among major advertisers.
The United Kingdom's net contribution to the European Union increased by a third last year, to �11.3bn, according to new figures.
Michael Spencer, the founder of interdealer broker ICAP, has sold his online spread betting company City Index to US rival GAIN Capital Holdings for $118m.