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  • Britain finally approved a new 16 billion pounds ($33 billion) underground rail link across London designed to carry 200 million passengers a year and ease the capital's clogged transport network.

  • Marston's Says Profit Below Forecast on Interest Cost Thursday, 4 Oct 2007 | 3:40 AM ET

    British pub group Marston's said on Thursday its full-year pretax profit would be slightly below its expectations due to the impact of higher interest rates, though strong trading conditions continued.

  • Britain's competition watchdog criticized the level of service at Heathrow and Gatwick airports Wednesday and recommended a cap on the amount airports operator BAA can charge airlines.

  • Online Advertising Spending Surges 41% in Britain Tuesday, 2 Oct 2007 | 1:17 AM ET

    Online advertising spend in Britain grew 41% in the first half of 2007 to give it a market share of almost 15%, new data showed on Tuesday.

  • The London Stock Exchange Group completed a $2.3 billion acquisition of Borsa Italiana on Monday even as takeover talks swirled about the British exchange.

  • Britain Will Raise Deposit Compensation: Darling Sunday, 30 Sep 2007 | 10:36 PM ET

    Britain will raise depositors' protection on their savings to 35,000 pounds, finance minister Alistair Darling will say on Monday after the country suffered its first bank run in more than a century last month.

  • Bank of England Says its Gold is Still Pure Sunday, 30 Sep 2007 | 2:58 PM ET

    The Bank of England (BoE) today categorically rejected reports that its stash of gold is losing purity.

  • BA Ditches Boeing Jumbo for Airbus A380 Superjumbo Thursday, 27 Sep 2007 | 8:07 AM ET

    British Airways ended decades of loyalty to Boeing's 747 jumbo with a switch to Airbus's new A380 superjumbo on Thursday as it announced a mixed plane order worth up to $8.2 billion.

  • Lloyd's of London First-Half Profit Leaps Thursday, 27 Sep 2007 | 5:39 AM ET

    The Lloyd's of London insurance market's pretax profit for the first six months of the year jumped 34% thanks to high premiums and low catastrophe claims, it said on Thursday.

  • A Qatari investment fund that has made a preliminary bid of about $21.3 billion for J Sainsbury said Tuesday that it is holding confidential talks with the British grocer's pension fund.

  • Market Woes have Tested Financial System: Brown Monday, 24 Sep 2007 | 11:30 AM ET

    Turmoil in global markets has tested the stability of the British financial system but the economy remains strong, Prime Minister Gordon Brown said on Monday.

  • Metronet, the company that collapsed while upgrading two thirds of the London Underground rail network, will have to absorb at least 1 billion pounds ($2 billion) of overspending, the government's arbiter said on Friday.

  • HSBC Dismisses Call for Strategic Change: Sources Thursday, 20 Sep 2007 | 7:45 AM ET

    Europe's biggest bank, HSBC Holdings, has rejected calls from an activist investor for it to review its strategy and shake up its corporate governance, people familiar with the situation said on Thursday.

  • Qatar Group Buys 20% Stake  in LSE Thursday, 20 Sep 2007 | 6:47 AM ET

    The Qatar Investment Authority said on Thursday that a wholly owned subsidiary, Qatar Holding, had bought a 20% stake in the London Stock Exchange.

  • U.K. Supermarkets Accused of Price Fixing Thursday, 20 Sep 2007 | 3:42 AM ET

    Five major British supermarket chains and five processing companies fixed prices on dairy products, adding hundreds of millions to consumer bills, the Office of Fair Trading said Thursday.

  • Top Rating Agencies Say European, U.K. Banks are Solid Wednesday, 19 Sep 2007 | 12:05 PM ET

    Most banks in Europe are not likely to be hit very hard by the recent turmoil in credit markets, and the Northern Rock crisis is not likely to spill in the U.K. mortgage sector, two top ratings agencies said Wednesday.

  • Standard Life Says Mulling Offer for Resolution Wednesday, 19 Sep 2007 | 11:10 AM ET

    U.K. insurer Standard Life is considering a cash-and-shares bid for Resolution, it said on Wednesday, once again throwing into doubt Resolution's agreed nil-premium merger with rival Friends Provident.

  • Shares in Northern Rock Dive on Takeover Talk Wednesday, 19 Sep 2007 | 10:07 AM ET

    Shares in embattled British bank Northern Rock tumbled 20% to an all-time low on Wednesday as speculation of a cut-price takeover bid combined with stake sales from two investors stoked concerns over its future

  • BoE Unanimous on Steady Rates at September Meeting Wednesday, 19 Sep 2007 | 6:35 AM ET

    All nine members of the Bank of England's Monetary Policy Committee voted to keep interest rates at 5.75% earlier this month, judging it was too soon to tell how financial market troubles would play out.

  • Harry Potter publisher Bloomsbury Publishing saw first-half sales jump 36.5% as export orders for the seventh Harry Potter book and 34 international bestsellers kept bookworms flocking to stores.