News and comment
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updated to bring you news of important developments in financial matters.
FT.com - Financial Markets News
- US stocks close at fresh high
Tue, 21 May 2013 22:07:37 GMT
Five of 10 main industry groups on the benchmark rise, with companies that sell non-essential items to consumers leading the gainers
- Shares advance ahead of Bernanke speech
Tue, 21 May 2013 20:32:13 GMT
US stocks reach fresh record highs as investors await further clues on the outlook for monetary policy from the Federal Reserve chairman
- Cheap debt fuels executive share buybacks
Tue, 21 May 2013 19:10:20 GMT
More than half of all buybacks by US non-financial companies in the first quarter were used to repurchase stock options, according to Société Générale
- ARM lags as FTSE hits highest since 1999
Tue, 21 May 2013 17:23:04 GMT
A bullish message from Arm management at an investor day fails to keep the stock at a record high while gold miners? rebound helps London index rise 0.7%
BBC Business News
- HMRC to miss tax credit fraud target
Tue, 21 May 2013 23:16:48 GMT
The UK tax authority's failure to hit a target of reducing tax credit fraud and error has "cost the taxpayer dear", a committee of MPs says.
- Record closing high for US shares
Tue, 21 May 2013 21:55:16 GMT
Shares on Wall Street picked up on Tuesday to a new all-time high as investors bet that the US central bank would continue supporting the economy.
- US immigration bill passes hurdle
Wed, 22 May 2013 01:17:20 GMT
A sweeping immigration bill that would offer a chance of citizenship to millions living in the US illegally has taken a stride forward in Congress.
- East End music free school approved
Wed, 22 May 2013 01:09:34 GMT
A music school for deprived teenagers in east London and two schools for autistic children are among the latest wave of free schools to be approved.
- Afghan interpreters to get UK visas
Wed, 22 May 2013 00:47:19 GMT
Up to 600 Afghan interpreters who worked alongside British troops are set to be given the right to live in the UK, under government plans.
- Iodine deficiency 'may lower IQs'
Wed, 22 May 2013 00:23:29 GMT
Mild iodine deficiency during pregnancy could be dimming the intellect of some babies born in the UK, say researchers who studied 1,000 families.