Market News

6/05/2016 1:57 AM

Fund raising move hits Centrica shares

(BBC News) The FTSE 100 closed flat, but British Gas owner Centrica sank 10% after it announced plans to raise more capital through a share sale.
6/05/2016 1:25 AM

Alibaba Sales Up 39% on Increased Consumer Spending in China

(NY Times) The e-commerce giant said a revenue surge showed the power of the Chinese consumer, even as it faces the longer-term challenge of that country's slowdown.
5/05/2016 11:57 PM

Sanofi Threatens to Take Medivation Offer to Shareholders

(NY Times) The French drugmaker said it believed it had “overwhelming support” from Mediviation's shareholders for a merger.
5/05/2016 11:35 PM

BT in 'ultra-fast' broadband promise

(BBC News) BT Group says it plans to invest £6bn in faster broadband and mobile services but Sky says the plan has 'limited ambition'.
5/05/2016 11:12 PM

Alibaba profits soar on mobile sales

(BBC News) The world's biggest e-commerce company Alibaba reports a 193% jump in annual profits as sales on mobile devices jump.
5/05/2016 10:58 PM

What in the World: Rents in London? If You Have to Ask ...

(NY Times) An average apartment in London now costs nine-tenths of an average worker's pay.
5/05/2016 10:52 PM

Airbnb looking 'beyond accommodation'

(BBC News) Airbnb's chief technology officer says the company is looking at pairing guests and hosts for activities.
5/05/2016 10:15 PM

Bitcoin 'creator' cancels proof

(BBC News) Craig Wright, the Australian entrepreneur who has claimed to be the inventor of Bitcoin, reneges on a promise to provide "extraordinary proof".
5/05/2016 9:58 PM

Fraudsters 'using the dead' in scam

(BBC News) Fraudsters are impersonating homeowners who have recently died or solicitors in order to steal money in mortgage transactions.
5/05/2016 9:53 PM

Alibaba Sales Up 39% on Increased Consumer Spending in China

(NY Times) Although the amount spent in the company's marketplaces has grown about 20 percent, its revenue is up 30 percent or more.
5/05/2016 9:43 PM

Fund raising move hits Centrica shares

(BBC News) The FTSE 100 trades flat, but British Gas owner Centrica sinks 11% after it announces plans to raise more capital through a share sale.
5/05/2016 9:35 PM

KFC, With New Nail Polish, Redefines Chicken Fingers

(NY Times) As part of a marketing campaign in Hong Kong, the chicken chain is offering lickable, edible nail polish in two flavors: Original, and Hot and Spicy.
5/05/2016 8:53 PM

New Day, British Newspaper That Shunned Web, Will Close After 10 Weeks

(NY Times) The British publication started as a contentious print-only experiment, but a precipitous decline in newsstand sales left it financially unsustainable.
5/05/2016 7:59 PM

Economy 'near stalling' as services slow

(BBC News) UK economic growth is "near stalling", partly due to uncertainty over the EU referendum, according to a closely-watched survey.
5/05/2016 7:49 PM

New Day paper to close after poor sales

(BBC News) The editor of the New Day says her team "tried everything" to make a success of the newspaper but low sales were to blame for its demise, just nine weeks after it was launched.

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