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  • Bank of England Revises UK Growth Down to 1.4% Wednesday, 10 Aug 2011 | 7:29 AM ET

    The Bank of England (BoE) cut its 2011 GDP growth forecast for the UK for the seventh time since the end of the recession on Wednesday as more weak economic figures suggested the economy was struggling to maintain momentum.

  • UK Businesses Tally Up the Steep Costs of Riots Wednesday, 10 Aug 2011 | 7:15 AM ET
    A riot police officer attempts to break down the door of a house next to a burning car as he is targeted by rioters after local residents claimed a baby was still in the property in Clarence Road in Hackney in London, England.

    The insured costs of the riots that have rocked the United Kingdom for four days look set to exceed 100 million pounds ($163 million), according to early estimates from the Association of British Insurers (ABI).

  • Police Battle Rioters in Northern UK Cities; London Quiet Wednesday, 10 Aug 2011 | 4:04 AM ET
    An aerial view of the Sony distribution center engulfed in fire on the 9th August, 2011 in London. Widespread looting, arson and clashes with police continued for a third day in parts of the capital, as well as in Liverpool, Birmingham and Bristol, as the disruption carries into a fourth night.

    London's streets were quiet Tuesday night after three nights of rioting, but police battled with looters in several other UK cities, including Manchester, Liverpool, Nottingham and Birmingham as the country's violent unrest continued for a fourth night.

  • UK Riot Violence Shifts from Capital City     Wednesday, 10 Aug 2011 | 2:20 AM ET

    Areas of London that saw some of the worst rioting in decades over two nights were quiet overnight on Tuesday Peter Guest, staff writer at CNBC.com. ¿Hackney was like a ghost town there was a police presence but it wasn¿t particularly significant, he added, suggesting the violence had moved out of the capital to the UK¿s northern cities.

  • London Police Run Out of Space as City Licks Wounds Tuesday, 9 Aug 2011 | 9:16 AM ET
    LONDON, ENGLAND - AUGUST 08: A rioter throws a rock at riot police in Clarence Road in Hackney on August 8, 2011 in London, England. Pockets of rioting and looting continues to take place in various boroughs of London this evening, as well as in Birmingham, prompted by the initial rioting in Tottenham and then in Brixton on Sunday night. It has been announced that the Prime Minister David Cameron and his family are due to return home from their summer holiday in Tuscany, Italy to respond to the

    Central London's police cells are full to the brim as more than 200 people were arrested on a third night of disorder in the U.K.'s capital. Some 16,000 police officers will hit the city's streets Tuesday night, as the government tries to stem the rising tide of violence.

  • Europe's Leaders Play Tennis While Markets Implode Tuesday, 9 Aug 2011 | 4:36 AM ET
    Tennis

    August is famously the month when most of Europe hits the beach. Markets are quiet, parliaments are closed, and very little happens.

  • News Corp.’s Soft Power in the U.S Monday, 8 Aug 2011 | 4:56 AM ET
    News Corp.'s headquarters in New York.

    Over the last month, many Americans watched from a distance in horror or amusement as it became evident that the News Corporation regarded Britain’s legal and political institutions as its own private club.

  • Prudential Profits Rise on Asian Growth Friday, 5 Aug 2011 | 1:41 AM ET

    Prudential, the UK-based insurer and asset manager, reported a better-than-expected 25 percent rise in half-year profit to 1.06 billion pounds ($1.72 billion) Friday.

  • EU Leaders Meet on Crisis     Thursday, 4 Aug 2011 | 7:30 PM ET

    European leaders are working through the night, as much of the stock plunge can be attributed to fears of an Italian bankruptcy, bond default and run on Italian banks, reports CNBC's Simon Hobbs.

  • Emerging Markets Drive Unilever Profits Growth Thursday, 4 Aug 2011 | 6:01 AM ET
    Unilever

    Profits and sales rose at consumer goods giant Unilever in the second quarter of 2011, despite pressure on margins from rising materials costs, the company announced Thursday.

  • UBS Threatened to Scale Back in London Over HQ Thursday, 4 Aug 2011 | 12:44 AM ET
    UBS

    UBS threatened to scale back its presence in London if the government followed advice from a heritage body that effectively blocked the redevelopment of its City of London headquarters, reported the FT.

  • eu building brussels

    Amid signs that the European debt crisis -- which already has seen Greece, Ireland and Portugal seek aid from the European Union and International Monetary Fund -- is now spreading to Italy, analysts at Goldman Sachs are predicting that while painful, debt consolidation will succeed as soaring borrowing costs force governments to act.

  • UK Bank Northern Rock Could Cease to Exist  Friday, 29 Jul 2011 | 6:49 AM ET

    UK bank Northern Rock would cease to exist under proposals submitted to the government by one of the leading contenders to take the bank back into private ownership, it emerged on Thursday.

  • Anglo Warns of Tight Commodities Supply Friday, 29 Jul 2011 | 4:01 AM ET

    Commodities supplies may not be able to keep pace with demand in the future mining giant Anglo American wanred on Friday as it reported first half profits which smashed expectations.

  • UK Housing Worse Than Forecast: Materials Firm Friday, 29 Jul 2011 | 3:51 AM ET

    The UK housing market is performing worse than expected this year, the chief executive of building materials company Travis Perkins told CNBC Friday.

  • BSkyB Hands Investors Cash Bonus, Murdoch Stays Friday, 29 Jul 2011 | 3:11 AM ET
    James Murdoch, son of Rupert Murdoch and Chairman and Chief Executive of News Corporation, Europe and Asia.

    James Murdoch, the under-fire chairman of BSkyB, was kept on with the unanimous support of the board, the chief financial officer of the cable television company told CNBC Friday.

  • Not All Londoners Happy Ahead of 2012 Olympics Wednesday, 27 Jul 2011 | 8:11 AM ET

    London has been waiting for the Olympics since they were awarded to the UK's capital by the International Olympics Committee in 2005.

  • This Is the Year of Consolidation for BP: CEO Tuesday, 26 Jul 2011 | 5:33 AM ET
    Bob Dudley, the Executive Director of BP, arrives at their headquarters in St James's Square on July 26, 2010 in London, England.

    This year is one in which BP consolidates and gets its strength back, chief executive Bob Dudley told CNBC after disappointing results that sent its share price lower on Tuesday.

  • UK Lawmaker Calls for Murdochs' Suspension Friday, 22 Jul 2011 | 6:12 AM ET
    Rupert Murdoch, Chairman and CEO of News Corporation

    A UK Member of Parliament has written to the board of News Corp calling for Rupert and James Murdoch to be suspended over phone hacking at the company.

  • Hacking Case Linked to News Corp Referred to FBI Thursday, 21 Jul 2011 | 2:28 AM ET
    Rupert Murdoch, chief executive officer of News Corp., sits in a car as he is driven along Whitehall, prior to a parliamentary committee hearing on the phone hacking scandal.

    A legal battle over alleged computer hacking of a US marketing company by a News Corp subsidiary has been referred to US authorities by a senior lawmaker, the FT reports.