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Business

Philips Lighting IPO enjoys bright start

Philips Lighting enjoyed a positive first day of trading as a newly spun-off independent company.

Philips Lighting enjoyed a positive first day of trading as a newly spun-off independent company.

Business

Banca Monte dei Paschi di Siena benefits from Q1 profit

Shares in Italy's Banca Monte dei Paschi di Siena got a little bit of a boost on Friday from its better-than-expected first-quarter profit of 93 million euros.

Shares in Italy's Banca Monte dei Paschi di Siena got a little bit of a boost on Friday from its better-than-expected first-quarter profit of 93 million euros.

Business

Netflix new subscriptions slow

New customer forecasts from Netflix are way short of what investors were expecting and so they punished the video streaming service with a sell off of its shares.

New customer forecasts from Netflix are way short of what investors were expecting and so they punished the video streaming service with a sell off of its shares.

Business

IBM's revenue still weak

IBM has reported its worst quarterly revenue in 14 years as income from newer services, such as cloud and mobile computing, failed to offset declines in its traditional businesses.

IBM has reported its worst quarterly revenue in 14 years as income from newer services, such as cloud and mobile computing, failed to offset declines in its traditional businesses.

Business

European shares fall at the end of a rough week for markets

A day of mixed trading in the markets. European shares fell on Friday with lingering worries about China leaving the region’s stock markets with

A day of mixed trading in the markets. European shares fell on Friday with lingering worries about China leaving the region’s stock markets with

Business

Spanish shares hit by inconclusive election outcome

The inconclusive Spanish election result hit the market in Madrid, where stocks hit their lowest levels in three months and government bonds rose

The inconclusive Spanish election result hit the market in Madrid, where stocks hit their lowest levels in three months and government bonds rose

Business

Arctic withdrawal pushes Royal Dutch Shell into loss

Royal Dutch Shell has reported a pre-tax loss of $9.1 billion (8.3 billion euros) in the third quarter, largely due to the cost of shelving several

Royal Dutch Shell has reported a pre-tax loss of $9.1 billion (8.3 billion euros) in the third quarter, largely due to the cost of shelving several

Business

Volkswagen puts brave face on crash into the red

Volkswagen plunged into the red in the third quarter, the first such loss for 15 years. The reason is the 6.7 billion euros set aside to deal with

Volkswagen plunged into the red in the third quarter, the first such loss for 15 years. The reason is the 6.7 billion euros set aside to deal with

News

Volkswagen shares rebound after CEO quits over emissions scandal

Battered shares of the scandal-hit German carmaker Volkswagen have continued to rebound following the resignation of the firm’s Chief Executive

Battered shares of the scandal-hit German carmaker Volkswagen have continued to rebound following the resignation of the firm’s Chief Executive

News

Newly-opened Athens stock market plunges after five-week shutdown

Greece’s stock exchange has plunged by nearly 23 percent after opening for the first time in five weeks. It is the market’s biggest fall on record

Greece’s stock exchange has plunged by nearly 23 percent after opening for the first time in five weeks. It is the market’s biggest fall on record

Business

Shake-up plan for Deutsche Bank

Shares in Germany’s Deutsche Bank skidded nearly six percent after plans were announced on Monday to cut costs by 3.5 billion euros and sell off its

Shares in Germany’s Deutsche Bank skidded nearly six percent after plans were announced on Monday to cut costs by 3.5 billion euros and sell off its

Business

New shine to global diamond sales

There is a new sparkle to diamonds the world over. Demand for girl’s best friend rose to a new global high, up 2.9 percent year-on-year to 81.4

There is a new sparkle to diamonds the world over. Demand for girl’s best friend rose to a new global high, up 2.9 percent year-on-year to 81.4

News

Sweet tweets as Twitter beats Wall Street revenue targets

Twitter has surpassed Wall Street’s profit and revenue targets boosting shares in one of the world’s top social media services.

Twitter has surpassed Wall Street’s profit and revenue targets boosting shares in one of the world’s top social media services.

Business

Jimmy Choo shares closely watched amid market jitters

Luxury shoemaker Jimmy Choo has stepped out into the London stock market with its shares closely watched on their first day of trading. They did

Luxury shoemaker Jimmy Choo has stepped out into the London stock market with its shares closely watched on their first day of trading. They did

Business

Facebook shares jump on soaring profits driven by mobile ads

Facebook’s big profits from its fast-growing mobile advertising are behind a surge in the share price to record highs. The social media site’s

Facebook’s big profits from its fast-growing mobile advertising are behind a surge in the share price to record highs. The social media site’s

News

Markets plunge on fears over Ukraine sanctions against Russia

It seems one superpower the Russians cannot afford to ignore is the markets, which have reacted badly to the weekend’s events in eastern Ukraine and

It seems one superpower the Russians cannot afford to ignore is the markets, which have reacted badly to the weekend’s events in eastern Ukraine and

Business

IT news: the industry that only respects innovation

It was the week when Microsoft finally named Satya Nadella as chief executive officer to replace Steve Ballmer. In his first official email to

It was the week when Microsoft finally named Satya Nadella as chief executive officer to replace Steve Ballmer. In his first official email to

Business

Samsung profit down on slowing smartphone sales

Samsung has posted its first quarterly profit decline in two years .. The world’s biggest smartphone maker suffered slowing sales of those

Samsung has posted its first quarterly profit decline in two years .. The world’s biggest smartphone maker suffered slowing sales of those

Business

Good Microsoft quarterly profits for Ballmer to bow out on

Microsoft made a bigger-than-expected quarterly profit on strong sales of its software and services for businesses, plus a solid holiday season for

Microsoft made a bigger-than-expected quarterly profit on strong sales of its software and services for businesses, plus a solid holiday season for

Business

Nintendo shares plunge after profit warning

Shares in the computer game and console manufacturer, Nintendo plunged as much as 18 percent following a profit warning from the company on

Shares in the computer game and console manufacturer, Nintendo plunged as much as 18 percent following a profit warning from the company on

Business

Deutsche Bank slips after losses

Share in Germany’s biggest bank, Deutsche Bank tumbled after a surprise fourth-quarter loss due to a cluster of issues including restructing, legal

Share in Germany’s biggest bank, Deutsche Bank tumbled after a surprise fourth-quarter loss due to a cluster of issues including restructing, legal

Business

Glencore Xstrata writes down inherited Xstrata assets

Hard times in the mining world as Glencore Xstrata announced a $8.1 billion (6.05 billion euros) writedown on the value of assets. That comes

Hard times in the mining world as Glencore Xstrata announced a $8.1 billion (6.05 billion euros) writedown on the value of assets. That comes

Business

BHP Billiton profit slumps

Anglo-Australian mining giant BHP Billiton is reporting a 15 percent drop in half-year profit before one off events, though much of that fall was due

Anglo-Australian mining giant BHP Billiton is reporting a 15 percent drop in half-year profit before one off events, though much of that fall was due

Business

Barclays capital shortfall bigger than feared

Barclays shares plunged further on Tuesday as it announced plans to raise 5.8 billion pounds (6.7 billion euros) from its shareholders. The sale of

Barclays shares plunged further on Tuesday as it announced plans to raise 5.8 billion pounds (6.7 billion euros) from its shareholders. The sale of

Business

Danone sees strong Chinese sales, signs of improvement in Europe

French food group Danone enjoyed strong second quarter sales in China, with baby milk and nutrition products rising more than forecast That is due

French food group Danone enjoyed strong second quarter sales in China, with baby milk and nutrition products rising more than forecast That is due

Business

Raiffeisen profit drops

Austria’s Raiffeisen Bank has posted lower first-quarter profit. At 157 million euros, it was down 72 percent. However the year earlier number had

Austria’s Raiffeisen Bank has posted lower first-quarter profit. At 157 million euros, it was down 72 percent. However the year earlier number had