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British Airways will not exercise its option to increase its stake in Spain's Iberia it said on Monday, possibly ending its 3.4 billion euro ($5.05 billion) pursuit for the airline with private equity group TPG.
Britain's government unveiled plans to build a third runway at London's Heathrow airport, one of the busiest in the world, to increase its capacity.
U.S. buyout firm JC Flowers has submitted an offer for stricken British bank Northern Rock that would include an offer to its shareholders at a "nominal value," a person familiar with the situation said.
Shares in mortgage lender Paragon Group plummeted 46 percent in early trading Tuesday after it disclosed that it was having difficulties in securing new financing because of the impact of the subprime lending crisis in the United States.
A big fire at a warehouse sent out a pall of black smoke over east London on Monday, but there were no reports of casualties and police said there was nothing to suggest it was anything more than a fire.
British bank Barclays categorically denied rumors it was about to announce a $10 billion writedown and see its top management quit, after such market talk sent its shares tumbling over 9 percent.
Medical devices firm Smith & Nephew (S&N) posted a 16 percent rise in quarterly earnings on strong demand for a new hip implant, but its shares tumbled as an unchanged outlook disappointed investors.
Britain's Shire beat forecasts with a 32 percent rise in third-quarter underlying earnings on Thursday and said its new hyperactivity drug, Vyvanse, had been well received by doctors and patients.
British insurer Resolution recommended shareholders accept a $10 billion offer from rival Standard Life on Friday and backed away from its proposed takeover of Friends Provident.
The Qatari group seeking to take over J Sainsbury, Britain's third-largest grocer, faces a Nov. 8 deadline to make a firm offer or withdraw, the parties said Friday.
British insurer Aviva said Thursday that sales rose 24 percent in the first nine months of the year as the company won new business and benefited from a U.S. acquisition.
The trouble in financial markets is not over yet and stocks, commercial property and credit markets in the rich world could suffer a further hit, the Bank of England said on Thursday.
The United Kingdom is one of five trillion-dollar economies in western Europe. Its economic strength has allowed it to remain independent of the European Union, and public opinion polls have shown steady, substantial opposition to abandoning the pound for the euro.
The liquidity squeeze which has affected the global financial markets in the past three months is not likely to cause a correction in the UK housing market, Peter Spencer, chief economic advisor for Ernst & Young's Item Club, told CNBC's "Squawk Box Europe" Monday.
British brewer Scottish and Newcastle may sell its stake in Russia-based brewer Baltic Beverages Holding (BBH) to block a potential joint bid from Carlsberg and Heineken, a source said.
Shares in British insurer Resolution climbed more than 3 percent in early trade on Monday on hopes of a 5 billion pound ($10.2 billion) bid from rival Standard Life, backed by Swiss Re.
Educational publisher Pearson said on Monday trading was strong in the third quarter and that underlying sales and operating profit rose 6 and 20 percent respectively over the first nine months of the year.
British Airways has urged its US partner American Airlines to get closer still as it seeks to fend off a transatlantic joint venture between Delta and Air France.
British retail sales rose much more than expected in September at their sharpest annual rate in three years, official figures showed on Thursday.
Britain's second largest soft drinks maker, Britvic, reported a 1.5 percent fall in second-half branded beverage sales Wednesday, blaming a wet summer for the slip.