BUDGET 2015
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    Lloyds is targeting £1.4 billion in cost savings by the end of next year

    Lloyds to cut 3,000 jobs in wake of Brexit

    07.36 Lloyds Banking Group is cutting 3,000 jobs and shutting 200 branches as the lender prepares for a cut in interest rates following Britain's decision to quit the European Union.

    Sean Dunne is alleged to have transferred assets worth €100m to his wife Gail Dunne. The official assignee wants these set aside.

    Gayle Dunne bid to halt asset transfer case fails

    27 Jul Gayle Dunne, the wife of property developer Sean Dunne, has lost her bid to get orders halting proceedings aimed at setting aside alleged invalid transfers to her of various assets of her husband.

    The EU has to date not dared to use its full powers against euro zone overspending for fear of triggering a populist backlash

    Spain, Portugal escape excessive deficit fines

    27 Jul The European Commission has backed away from slapping fines on Spain and Portugal for running high deficits, in what would have been a landmark move by the EU to impose tough budget rules.

    Michel Barnier was a key architect of the EU's new banking union, whose creation often put him at loggerheads with the City of London

    Michel Barnier to negotiate Brexit with Britain

    27 Jul European Commission head Jean-Claude Juncker has appointed veteran French politician and former EU commissioner Michel Barnier to lead the negotiations with Britain on its exit from the bloc.

    Business investment remains soft despite data ranging from retail sales to housing suggesting that the economy has regained speed after growth almost stalled early in the year

    Small rise in demand for US manufactured goods

    27 Jul New orders for US manufactured capital goods rose less than expected in June amid weak demand for machinery and a range of other goods, suggesting that business spending will remain subdued for a while.

    Apple said it sold 40.4m iPhones in the third quarter, down 15% from the year-ago quarter but slightly more than the average analyst forecast of 40.02m

    Apple iPhone sales better than expected

    27 Jul Apple sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current period would top many analysts' targets.

    Deutsche Bank revenues were down 20% in the quarter, in part related to Britain's vote to leave the European Union

    Deutsche Bank warns deeper cuts may be needed

    27 Jul Deutsche Bank has warned that deeper cuts may be needed to turn around the lender after revenues fell sharply in the second quarter amid a low interest rate environment and volatile markets.

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    Apple said it sold 40.4m iPhones in the third quarter, down 15% from the year-ago quarter but slightly more than the average analyst forecast of 40.02m

    Apple iPhone sales better than expected

    27 Jul Apple sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current period would top many analysts' targets.