Goldman Sachs gives away £17m to UK charities

Goldman Sachs’s charitable foundation gave away £17.4m in the UK last year, up from £14.5m the year before. Schools and universities received the largest proportion of funding from Goldman Sachs Gives, which gave away more than £4m for UK scholarships and education investments over the year, according to accounts recently filed to Companies House.

Tata Steel Starts Debt Clean-Up After Corus Purchase Mess

Saddled with $13 billion of debt seven years after buying Corus Group Plc, Tata Steel Ltd. (TATA) is seeking to pare its liabilities. Rating companies are pleased.

New car sales hit 10 year high in March

Sales of new cars rose at their fastest pace for a decade, the Society of Motor Manufacturers and Traders (SMMT) has said.

Companies ditch renting to cut property costs

LONDON: After decades of renting being the norm, companies with offices in the world's major cities are seeing more financial sense in buying their own buildings, prompted by a mix of cheap debt, stockpiled cash and new accounting rules.

RBS prepares succession plan for Hester

Royal Bank of Scotland is grooming Nathan Bostock, the state-backed lender’s restructuring boss, for the top job as part of long-term plans to replace chief executive Stephen Hester.

Foreign firms seek action from China's new leaders

BEIJING: Foreign companies in China say they want the country's new leadership to act on pledges to reduce bureaucracy and remove investment barriers as the business climate gets tougher, the American Chamber of Commerce in China said Friday.

HSBC pays $4.2bn for fines and mis-selling in 2012

HSBC paid out $4.2bn (£2.8bn) last year to cover the cost of past wrongdoing. As well as $1.9bn in fines for money laundering, the bank also set aside another $2.3bn for mis-selling financial products in the UK.

Analysis: China diners say more than economy hurting Yum's KFC

NEW YORK (Reuters) - A slowdown in China's economy is not the only strain on Kentucky Fried Chicken's business in the country, where competition is getting tougher and customers are getting pickier.

One in four German firms 'to slash jobs' in 2013: Survey

BERLIN: Gloomy German companies are preparing to slash their workforces next year as the eurozone crisis bites, a survey showed on Monday, with more than one in four firms saying they would cut jobs in 2013.

Vince Cable convinced that Britain's car industry needs its foreign friends

Car manufacturers love a glitzy product launch, but the ceremony to welcome a new model at Toyota's Derby plant last week was modest by industry standards.

Jobless Spaniards protest as crisis outlook darkens

Thousands of jobless Spaniards marched through Madrid Saturday in the latest angry demonstrations against economic crisis cuts, as fears rose for the country's financial stability.

US companies are adding more slowly to stockpiles

WASHINGTON (AP) — U.S. companies restocked more slowly in March, a trend that has helped slow economic growth this year.

Broken banking system is keeping growth at bay

Last weekend's election results in France and Greece, we're told, show that eurozone voters want "growth, not austerity".

UK companies remain optimistic, surveys suggest

UK companies remain confident despite the UK economy entering a double-dip recession, two new surveys suggest.

Google to open a new data centre in Dublin

Internet giant Google is to open a new data centre in Dublin to run its search engine, Gmail and Google Maps services.

Why Wall Street Isn't Bullish On The Collapse Of Semi-Communism In Europe

When communism was collapsing back in the 1980s and the early 1990s in Eastern Europe, equity markets around the world cheered.

Technology firm Cisco more than halves revenue targets

Technology company Cisco Systems has more than halved its revenue forecast amid slowing economic growth and increased competition.

Cisco said annual revenues would increase by between 5-7% over the next three years, down from a previous target of 12-17%.

Land Rover confirms new version of its Defender model

Land Rover will release an all-new version of its Defender model in 2015, it has confirmed.

The carmaker has also released the first images of the concept car upon which the new Defender will be based, the DC100.