News by: Himanshu Singh
And Black Friday was followed by Panic Saturday as shoppers thronged town centres preparing to spend an estimated £1.2 billion on last-minute gifts before Christmas Day.
And Richard Desmond is exploring a sale of the Daily Express, in what would amount to the biggest British national newspaper deal for a decade.
And the North Sea oil industry is ‘close to collapse’ due to the plunging price of crude.
Technology shares posted the sharpest gains, boosted by a 10.2% rise in Oracle and a 5.2% advance in Accenture.
Energy shares jumped after the US central bank said it would take a patient approach towards raising interest rates.
And the US Federal Reserve last night hinted that it will raise interest rates by the middle of next year.
Shares declined as companies from Microsoft to Google led a selloff in technology shares that overshadowed gains in oil producers.
And Carney has promised to put banks’ emerging market exposures under the spotlight in Britain’s next round of stress tests.
And Russia’s central bank raises interest rates by 6.5 percentage points to 17% to halt the rouble’s freefall on the foreign exchanges.
Utilities and health-care stocks, the best-performing sectors in the S&P 500 this year, slid more than the broader index.
Stocks inched lower on concern that a plunging oil price signals weakness in the outlook for global economic growth.
And PayPal is pushing to expand into the alternative lending market popularised by faster growing start-ups such as Lending Club.
And Tesco has sent shockwaves through the supermarket sector with its plan to slash prices and dismantle the controversial system of demanding payments from suppliers.
And Repsol is aiming to acquire Talisman Energy of Canada, in a deal that would value the target’s equity at up to $8 billion.
Better-than-forecast data on retail sales and unemployment boosted confidence in the economy to overshadow a renewed selloff in oil.
And Google is shutting down its news service in Spain in one of the tech company’s most defiant responses yet to an increasingly hostile legal and political environment in Europe.
And City watchdog lambasted over insurance fiasco that wiped billions of pounds from the industry.
The S&P 500 sank the most in seven weeks as another big drop in oil prices hammered energy shares.
And global stock markets tumbled as Greece called for a snap election reigniting threat to the global financial stability.
A rally among energy and technology shares offset concerns about global weakness and political turmoil.