LONDON - Barclays took a 750 million pound charge in the fourth quarter as it prepares to settle allegations its traders manipulated foreign exchange markets, overshadowing the bank's efforts to slash costs and boost profits.
LONDON - The Bank of England dismissed its former chief foreign exchange dealer last year because of a series of inappropriate actions including the sharing of a confidential Bank document, BoE Governor Mark Carney said on Tuesday.
LONDON - Britain's blue-chip share index gave up early gains for a third straight session on Tuesday, dropping back from record highs, as Glencore and Barclays weighed on the market after earnings releases.
Growth in Britain's construction industry jumped unexpectedly to a four-month high last month, adding to evidence Britain's economy started 2015 strongly, although building firms hired staff at the slowest pace in more than a year.
DUBLIN - Ryanair has asked Britain's Competition and Markets Authority (CMA) to reconsider a 2013 decision ordering it to sell down its 30 percent stake in Irish rival Aer Lingus .
LONDON - Chances of Greece leaving the euro zone in the next 12 months are the highest since late 2012 even though Athens's financial lifeline has been extended, a survey of investors based mainly in Germany showed on Tuesday.
BERLIN - The German government, flush with cash after last year posting of its first budget surplus since 1969, said on Tuesday that it will boost investment spending by some 5 billion euros (3.6 billion pounds) over the next three years on top of 10 billion previously announced.
LONDON - A Bank of England probe into what central bank staff knew of malpractice in London's foreign exchange market failed to scrutinise officials closely enough and was "seriously incomplete", a senior lawmaker said on Tuesday.
BRUSSELS - The European Bank of Reconstruction and Development (EBRD) said on Tuesday its shareholders had voted unanimously to start providing investment and funding support to Greece for the next five years.
LONDON - The British public's expectations for inflation in the next 12 months fell to their lowest level in more than six years in February and longer-term inflation expectations were stable at a record low, according to a survey published on Tuesday.