en-us Reuters UK) - Britain's second-largest customer-owned lender Yorkshire Building Society and loss-making rival Chelsea have agreed to merge, becoming the latest mutuals to join forces after being battered by the financial crisis.The two lenders said the merged group would have assets of 35 billion pounds, more than 2.7 million...]]> Wed, 02 Dec 2009 01:46:25 -0800 Wed, 02 Dec 2009 00:46:09 -0800 AIG BCS HLT AIG,BCS,HLT Reuters UK) - Abu Dhabi, wealthy capital of the United Arab Emirates, will "pick and choose" how to assist debt-laden neighbour Dubai, a senior official said on Saturday, after fears of a Dubai default sent global markets reeling."We will look at Dubai's commitments and approach them...]]> Sat, 28 Nov 2009 21:15:07 -0800 Sat, 28 Nov 2009 13:45:14 -0800 Reuters UK) - Abu Dhabi, wealthy capital of the United Arab Emirates, will "pick and choose" how to assist debt-laden neighbour Dubai, a senior official said on Saturday, after fears of a Dubai default sent global markets reeling."We will look at Dubai's commitments and approach them...]]> Sat, 28 Nov 2009 05:01:13 -0800 Reuters) - Abu Dhabi, wealthy capital of the United Arab Emirates, will "pick and choose" how to assist debt-laden neighbor Dubai, a senior official said on Saturday, after fears of a Dubai default sent global markets reeling."We will look at Dubai's commitments and approach them on...]]> Sat, 28 Nov 2009 05:00:09 -0800 Reuters UK) - EDF Energy plans to sell land at its Bradwell nuclear site in southeast England to companies planning to build new reactors in Britain, the world's biggest nuclear power generator said on FridayFrench nuclear power giant EDF got some of the land at Bradwell in Essex as...]]> Thu, 26 Nov 2009 22:45:33 -0800 Reuters UK) - Dubai struggled to ease fears of debt default on Thursday after its move to delay repayments at two flagship firms shook confidence in the Middle East as a centre for investment and a source of capital. Dubai's debt problems, a...]]> Thu, 26 Nov 2009 18:30:01 -0800 Thu, 26 Nov 2009 17:07:53 -0800 Reuters UK) - Banks must disclose how much they pay top employees, a government-sponsored report recommended on Thursday in a bid to quell public anger over "bonuses as usual" in a sector shored up by taxpayer bailouts.The report published on Thursday from David Walker,...]]> Thu, 26 Nov 2009 07:45:57 -0800 Reuters UK) - Banks won a two-year court battle over overdraft charges on Wednesday, dealing a blow to hundreds of thousands of customers seeking to claim back billions of pounds which they say were levied unfairly.The landmark ruling, handed down by the Supreme Court, found the country's...]]> Wed, 25 Nov 2009 07:30:42 -0800 Reuters UK) - The UK financial services sector must face a "profound shift in regulatory philosophy" that includes tougher curbs on trading to cut risk, Britain's financial watchdog said on Monday."We have had to change that mindset and we have now done so, and that has implications...]]> Mon, 23 Nov 2009 09:45:48 -0800 Reuters UK) - A major draft EU law on market infrastructure will be tabled next July to make share and derivatives trading less risky for investors and the broader financial system from late 2012, industry sources said on Monday.The European Market Infrastructures Directive will focus on reducing...]]> Mon, 23 Nov 2009 05:03:02 -0800 Reuters UK) - Credit information firm Experian EXPN is seeing signs of life emerging in the credit services market from 2010, as some lenders begin to plan for new customers after two years of tightening the purse strings.Experian, best known for running consumer credit checks for banks,...]]> Fri, 20 Nov 2009 09:15:35 -0800 EFX EXPG Y WFC EFX,EXPG Y,WFC Reuters UK) - House prices could retreat in 2010 if unemployment rises sharply, Britain's third-largest mortgage lender Nationwide warned on Friday.A lack of supply and low interest rates have boosted the housing market this year, but Nationwide said prices could go into reverse with unemployment set to...]]> Fri, 20 Nov 2009 03:15:34 -0800 Reuters UK) - Richard Lambert, the head of Britain's premier employers' organisation CBI, said the group urgently wants the government to bring the deficit down.Speaking to The Guardian he said that neither Chancellor Alistair Darling nor his Tory shadow, George Osborne, will be able to ignore the state's finances."We...]]> Thu, 19 Nov 2009 19:00:17 -0800 Thu, 19 Nov 2009 14:31:47 -0800 Reuters UK) - Russian oil company TNK-BP TNBPI is looking at acquisitions or joint ventures as a means of growing in the oil refining sector, a senior company executive said on Wednesday.In recent years, Russian oil firms have shown interest in acquisitions of refineries in eastern and...]]> Wed, 18 Nov 2009 09:01:15 -0800 RDSA RDSA Tue, 17 Nov 2009 17:40:50 -0800 Reuters UK) - Formula One champions Brawn will compete as Mercedes Grand Prix next season after the German carmaker announced a takeover on Monday along with the sale of their stake in McLaren.Daimler chairman Dieter Zetsche, whose company owns Mercedes, said Ross Brawn would remain team principal...]]> Mon, 16 Nov 2009 05:46:20 -0800