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UK retail sales show Easter rebound in April - CBI

LONDON - British retail sales bounced back this month after a weak March, helped by sales from a later-than-usual Easter, the Confederation of British Industry said on Monday.

Recent Business News

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Spare cash in euro zone falls below 100 billion euro threshold 11:07am BST

FRANKFURT - Spare cash in the euro zone banking system has fallen below the threshold of 100 billion euros for the first time since the European Central Bank flooded the system with ultra-cheap crisis loans in late 2011.

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Portugal signals full steam ahead for bond auctions after 'great' sale 11:46am BST

LISBON - Portugal plans bond auctions across a range of maturities in the second half of the year after a strong inaugural sale of 10-year paper that showed its debt financing programme was getting back to normal, the treasury secretary said on Thursday.

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Time Warner Cable profit beats as demand for data services rises 11:51am BST

- Time Warner Cable Inc, the second-largest U.S. cable operator, reported first-quarter profit above analysts' estimates as it added more residential subscribers than expected for its high-speed data services.

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Novartis sales miss forecast as readies overhaul 10:15am BST

ZURICH - Swiss drugmaker Novartis posted a weaker-than-expected 1 percent rise in quarterly sales, underscoring the pressures from generic competition and tighter healthcare budgets that led it to announce a radical business overhaul earlier this week.

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