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- BA Hints Worst Over For Business Travel
- By Rhys JonesLONDON (Reuters UK) - British Airways signalled business is stabilising, eclipsing news of a worse than expected first half loss and a prediction that revenue would slump by 1 billion pounds this year.Shares in the company jumped as much as 8 percent, making it the biggest gainer on...
- News items 2009-11-06
- U.S. Jobless Highest in More Than 26 Years
- By Lucia MutikaniWASHINGTON (Reuters UK) - The U.S. jobless rate unexpectedly jumped to 10.2 percent last month, a 26-1/2-year high, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount.The Labour Department said on Friday that employers cut 190,000 jobs in...
- News items 2009-11-06
- AIG Posts Another Quarterly Profit
- NEW YORK (Reuters UK) - American International Group Inc AIG, the insurer bailed out by the U.S. government, posted its second-straight quarterly profit on Friday, helped by recovery in the value of its investments.Net profit was $455 million (274 million pounds), or 68 cents a share, compared with a loss...
- News items 2009-11-06
- G20 Agree Too Early to Remove Stimulus - Darling
- By Sumeet DesaiLONDON (Reuters UK) - G20 policymakers are agreed that it is too early to pull the plug on economic life-support packages as the global recovery is still fragile, Chancellor Alistair Darling told Reuters in an interview.Darling is hosting the third meeting of Group of 20 finance ministers and...
- News items 2009-11-06
- Company Liquidations Up 14.6 Percent
- By Kylie MacLellanLONDON (Reuters UK) - A record number of people in England and Wales succumbed to bad debts in the third quarter of this year but the pace at which companies went bust slowed, official figures showed on Friday.The Insolvency Service said company liquidations rose 14.6 percent on a...
- News items 2009-11-06
- Halloween Shopping Lifts John Lewis
- LONDON (Reuters UK) - Weekly sales at John Lewis JLP department stores jumped 7.8 percent year-on-year, boosted by demand for Halloween products and early Christmas shopping and adding to signs of a consumer recovery in Britain.However the employee-owned group, which is seen as a barometer for British retail spending, signalled...
- News items 2009-11-06
- EU Clears Northern Rock Split
- By Clara Ferreira-Marques and Foo Yun CheeLONDON/BRUSSELS (Reuters UK) - State-owned lender Northern Rock won clearance from European regulators to be broken up, paving the way for a sale, as the government named a top dealmaker to oversee its banking investments.UK Financial Investments, which manages the government's stakes in bailed-out...
- News items 2009-10-28
- Housing Activity Boosts Carpetright
- By James DaveyLONDON (Reuters UK) - Carpetright CATVU, the country's biggest floor coverings retailer, grabbed market share from failing rivals and reported a boost from growing housing activity to post a second straight quarter of rising sales.Chairman and Chief Executive Philip Harris said the overall floor coverings market fell over...
- News items 2009-10-28
- Eurotunnel May Buy UK High-speed Rail
- PARIS (Reuters UK) - Groupe Eurotunnel GETP, the operator of the Channel tunnel, is looking for partners to buy the UK's only high speed line, its Chairman and Chief Executive Jacques Gounon said on French radio BFM on Wednesday.High Speed One, which carries trains at up to 186 mph between...
- News items 2009-10-28
- Bank May Raise QE By £25 Billion in Nov
- By Jonathan CableLONDON (Reuters UK) - The Bank of England's Monetary Policy Committee will likely raise its quantitative easing programme next week as part of its battle to revive an economy still mired in recession, a Reuters poll showed on Wednesday.Median forecasts from the poll of over 60 analysts, taken...
- News items 2009-10-28
- Sellafield Site to Be Sold For New Nuclear
- LONDON (Reuters UK) - A consortium of energy firms agreed an option to buy a site at Sellafield for a new nuclear power plant as part of Britain's plans to replace its ageing state-built reactors.The consortium, made up of Spain's Iberdrola, French group GDF Suez and Scottish & Southern Energy,...
- News items 2009-10-28
- FSA Tells Banks to Be Fair
- LONDON (Reuters UK) - The country's financial watchdog will start regulating lenders' day-to-day contact with their customers to ensure services such as direct debits, payments, interest change notifications and savings accounts are fair.Spurred on by new European rules on instant access and current accounts that come into effect this weekend...
- News items 2009-10-28
- Bank Shares Jolted as EU Verdicts Near
- By Victoria HowleyLONDON (Reuters UK) - Europe's regulators held sway over the region's banks on Wednesday, approving a government plan to break up mortgage lender Northern Rock just as shares in Irish banks crashed on fears of tough sanctions.Shares in Lloyds LLOY fell on fears that this week's break-up of...
- News items 2009-10-28
- Ex-AMD CEO Linked to Galleon Scandal
- SAN FRANCISCO (Reuters UK) - A former chief executive of Advanced Micro Devices AMD became the biggest name to be linked to the Galleon Group insider-trading scandal, when the Wall Street Journal reported on Tuesday that he leaked information about the microprocessor maker in 2008 to a hedge fund manager.Hector...
- News items 2009-10-28
- BAA Says Worst is Over
- LONDON (Reuters UK) - Debt-laden airports operator BAA FER said the worst of a slump in passenger numbers was over and it hoped to re-enter the bond market soon following the sale of Gatwick.The owner of London's Heathrow has been a burden for its Spanish parent, infrastructure group Ferrovial, which...
- News items 2009-10-28
- BG Profits Beat Forecasts
- By Tom BerginLONDON (Reuters UK) - Gas producer BG Group BG missed forecasts for third-quarter output due to a delayed project and weak demand while resilience in its natural gas LNG business helped it to post a lower-than-expected fall in profits.BG said on Wednesday that production grew 5 percent in...
- News items 2009-10-28
- BAT Volumes Dip 3 Percent
- By David JonesLONDON (Reuters UK) - British American Tobacco BATS, the world's second-biggest cigarette maker, posted a 3 percent dip in underlying nine-month sales volumes on Wednesday but said price rises led to "strong revenue growth."The maker of Kent, Dunhill, Lucky Strike and Pall Mall cigarettes said third-quarter volumes fell...
- News items 2009-10-28
- U.S. Consumer Confidence Up
- By Susan FentonHONG KONG (Reuters UK) - Global consumer confidence is rebounding, and in the United States has risen for the first time since 2007, amid signs the world economy is picking up although spending is still restrained, a survey showed on Wednesday.Confidence was highest in India, followed by Indonesia...
- News items 2009-10-27
- Nikkei Edges Lower as Techs Sold
- TOKYO (Reuters UK) - Japan's Nikkei stock average edged down 0.5 percent as Kyocera Corp and other tech shares slipped after weaker-than-expected U.S. consumer confidence data prompted investors to take profits in U.S. equities.But Honda Motor Co surged over 4 percent after it surprised with a near tripling...
- News items 2009-10-27
- Regulation Fight is a "just War"-Geithner
- By Al Yoon and Walden SiewNEW YORK (Reuters UK) - Treasury Secretary Timothy Geithner on Tuesday told a packed room of Wall Street dealers and bankers they could not look America in the eye and argue that financial regulation is fine as it is.Geithner said the financial system was tragically...
- News items 2009-10-27
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