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Australia’s largest investment bank Macquarie Group has said it anticipates that full year profits will fall by 25 per cent because a weak market is affecting its business, reports the BBC. Its investment and trading banking operations were the most severely hit, said the company in a statement. The bank’s shares dropped five per cent...

Shareholders in Olympus will finally get the opportunity to grill the management on the accounting scandal that led to the stock price plummeting.An extraordinary general meeting (EGM) has been called on 20 April. The company has admitted it has been hiding losses of $1.7bn (£1bn) for up to twenty years, reports the BBC. The scandal has...

A £963,000 bonus of shares awarded to RBS boss Stephen Hester was today strongly criticised. As reported by BBC News, Liberal Democrat minister Jeremy Browne commented that Hester is "a public servant" that should turn down his bonus while Unite branded the news "disgusting". The main opposition party, Labour, said...

Trading by Petroplus, owner of the Essex-based Coryton oil refinery, was yesterday suspended on Switzerland's SIX stock exchange, as reported by BBC News. Petroplus operates at the Coryton oil refinery, which employs 1,000 individuals whose jobs might now be affected or even at risk. The SIX stock exchange commented that the suspension was...