Report: China Middle Class To Top 600 million

China's burgeoning middle class will have expanded to 600 million people by the year 2020, according to a government think tank. As a result of the continued rapid urbanisation, the country will be able to maintain growth at between 7% and 8%, despite...

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Living Wage: Ed Miliband Wants Pay Shake-Up

Labour leader Ed Miliband has vowed to deliver a "living wage" to millions of people if he wins power at the next election. The wage - the minimum rate deemed necessary for an acceptable standard of living - is a key plank of Mr Miliband's "One Nation"...

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Ryanair Sees Profit Soar 10% In First Half

Ryanair has reported an after-tax profit of 596m euros (£477m) for the first half of 2012, up 10% on the same period last year. The budget airline's results beat analysts' expectations thanks to a surge in passenger numbers over the summer and a lower...

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Christmas Shopping: Robust Sales Expected

High street sales have grown over the last month raising hopes of strong retail sales this Christmas, according to new research. Sales rose 0.9% year-on-year in October, as non-fashion sales jumped 5.2%, boosted by purchases of outdoor gear like wellies...

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Buyout Firms Eye Moleskine Notebook Deal

By Mark Kleinman, City Editor A pack of the world's largest private equity firms is circling the Italian brand of upmarket notebooks modelled on those used by the novelist Ernest Hemingway. I understand that investors including Blackstone and Lion...

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Delicate Diplomacy On Cameron Gulf Arms Tour

David Cameron is attempting to cement major UK arms sales and bolster relations with allies on a three-day tour of the Gulf and Middle East. The Prime Minister is personally spearheading a push to persuade the United Arab Emirates to buy 60 of BAE's...

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HSBC Profits Halved As Bank Takes More Hits

HSBC has announced a 51% fall in third quarter profit, as the bank takes further hits on US anti-laundering fines and mis-selling insurance in the UK. It confirmed it was setting aside another $800m (£500m) to cover fines from US authorities, taking...

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PayPal Passwords 'Leaked By Anonymous'

Hacking group Anonymous has reportedly released confidential passwords and other log-in details for PayPal users as part of a global day of protest. The group announced it had leaked 28,000 alleged account passwords through several Twitter accounts...

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Foxconn Shares Rocket Over iPhone Rumours

Apple's controversial supplier Foxconn has seen its shares spike by more than 30% on rumours it will get a new contract to build iPhones. Foxconn International Holdings (FIH), the world's biggest contract maker of mobile phones, saw the surge peak to...

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Toyota Begins Auris Production At Burnastone

Toyota has begun production of the Auris at its factory in Burnastone, Derbyshire, after reporting strong financial results. The company described its new hatchback as a "strategically important" model for its European business, despite falling demand...

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