Finance

Thyrocare files draft IPO papers

A man looks at a screen across the road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai February 6, 2014. REUTERS/MANSI THAPLIYAL/FILES Diagnostic company Thyrocare Technologies Ltd said on Thursday it had filed draft red herring prospectus with the country’s market regulator for an initial public offering (IPO) of 10.7 million shares. Thyrocare ... Read More »

Stock markets: the Guardian’s tips for 2016

2015 has been difficult for investors with the FTSE 100 down 4.9% on the year. Here our team pick out potential earners in 2016 International Airlines Group, which owns British Airways, was the big winner of our tips for 2015, with shares soaring 24% over the year. Photograph: PA A year that saw leading shares hit new peaks, only to ... Read More »

The UK economy in 2016: a flying start but watch the brakes

Cheap credit and petrol have got Britain motoring but the Bank of England must hit the controls at the right time Cheap fuel is cutting business and travel costs. Photograph: Alamy The UK ends 2015 as one of the fastest growing of the major developed economies. Unemployment is falling, the housing market is hot and consumers are happy to spend ... Read More »

India’s energy muscle helps Petronet get better Qatar gas deal

India’s biggest gas importer Petronet LNG (PLNG.NS) will buy liquefied natural gas (LNG) from Qatar’s Rasgas at almost half the original price, in a renegotiated deal that will save it about $605 million a year. The deal marks Prime Minister Narendra Modi’s biggest diplomatic win in the energy sector since coming to power last year. He has been trying to ... Read More »

FTSE 100 ends 2015 among world’s worst performing markets

London investors miss out on returns enjoyed by rival stock markets in Frankfurt, Paris, Tokyo and Shanghai The FTSE 100 closed 5% down on the year, having hit a record high of 7,103.98 in April Photograph: Yui Mok/PA City investors are nursing losses after the FTSE 100 ended the year as one of the worst performers among global stock markets. ... Read More »

Facebook fights for free Internet in India, global test-case

Motorists ride past a billboard displaying Facebook’s Free Basics initiative in Mumbai, India, December 30, 2015. REUTERS/DANISH SIDDIQUI India has become a battleground over the right to unrestricted Internet access, with local tech start-ups joining the front line against Facebook Inc founder Mark Zuckerberg and his plan to roll out free Internet to the country’s masses. The Indian government has ... Read More »

China manufacturing shrinks again but stimulus gives boost to house prices

Despite a slight improvement in factory activity in December, the sector is still contracting as South Korea blames China for 12th straight drop in exports Trucks drive through a container depot at at Qingdao in eastern China’s Shandong province. China is heading for its weakest growth for 25 years. Photograph: AP Agence France-Presse China’s mighty manufacturing sector continued to shrink ... Read More »

Whole Foods pays $500,000 to settle overcharging probe

Upmarket US grocery chain Whole Foods has agreed to pay $500,000 (£338,000) to settle accusations by New York authorities that it routinely overcharged customers. The city’s Department for Consumer Affairs (DCA) said the firm had to meet standards on weighing and labelling. The deal means customers “are better protected from overcharging”, it said. Whole Foods admitted to making mistakes but ... Read More »

The little company that hit the Star Wars jackpot

HE’S not just the biggest star from The Force Awakens — BB-8 has rocketed one small company to a galaxy far, far away. Christmas shoppers would no doubt have seen the toy version of the adorable soccer ball-shaped droid on shelves in every electronics store around the country. At $249, he’s not cheap, but BB-8 is proving to be one ... Read More »

Wall Street rises as oil price edges higher

Wall Street closed sharply higher on Tuesday as oil prices recovered from Monday’s falls and big technology stocks made strong gains. The Dow Jones index was up 190.07 points, or 1.1%, at 17,718.34. The widerS&P 500 was also 1.1% higher, while the tech-heavy Nasdaq rose 1.3%. Both Brent and US light crude were up $1.18, or 3.2%, a barrel. Following ... Read More »