CNBC's Seema Mody reports from London where the Alibaba roadshow is kicking off days before the company comes public in the U.S.» Read More
Lloyds Banking Group said Tuesday that it expects to cut nearly 1,800 jobs in its group operations and wholesale divisions over the next three years as it consolidates the merger of Lloyds TSB and Halifax/Bank of Scotland.
Shares in British Airways, which struck a deal with thousands of workers to either work for free for a month or accept pay cuts and unpaid leave to pull the flag carrier, shot up nearly 3 percent in London Friday.
Miners and train and bus company Stagecoach Group were big gainers on the London Stock Exchange in morning trading Wednesday.
Taste is a platform for cost-conscious consumers to get a chance to taste the wares of Michelin-starred chefs for a fraction of the price.
The UK business services sector will lose more than half of the jobs it gained during the last five years by 2013, a report by the Centre for Economics and Business Research showed Monday.
Gold is the safest asset to buy in these times as, despite reassurance from central banks, inflation is likely to crop up again next year or in 2011, Philip Manduca, investment manager at ECU Group, told CNBC Thursday.
Britain's Olympic athletes, already hit by cost cuts last year, could face another round if the government changes hands.
A British union says thousands of postal workers will strike next week in a dispute over jobs and services.
Underground transportation strikes that are taking place in the UK Wednesday and Thursday could cost the nation £110 million ($180 million).
British industrial output rose unexpectedly in April and for the first time in more than a year, official data showed on Wednesday, raising the prospect that the economy could exit ecession as early as this quarter.
European banks still have upside potential despite the recent rally, as the worst is over for the continent's financial institutions, analysts at financial services investment bank KBW, who upgraded the European banking sector to 'Overweight', said Monday.
The burgeoning British scandal over the misuse of government expense accounts is claiming its first major victims and setting the stage for a major shake-up in the country's leadership.
With public debt swelling and the British taxpayer having to foot the bill for once-almighty banks such as the Royal Bank of Scotland or Lloyds, the 2012 London Olympic Games are posing a considerable challenge to a city that celebrated wildly in 2005 when it trumped Paris's bid to host the prestigious sports event.
Fears about a downgrade of the US credit rating are premature, but not entirely unwarranted after Britain's outlook was cut to negative, analysts told CNBC.
S&P cuts outlook and government action will be needed to keep the top-tier rating, analysts said.
Standard & Poor's cut its outlook on the UK to negative Thursday, noting that "the net general government debt burden could approach 100 percent of GDP and remain near that level in the medium term."
The stock market may hit new lows this year or the next as the current rally has been largely caused by the money printed by central banks and fundamental problems remain unsolved, legendary investor Jim Rogers told CNBC Wednesday.
The fall in asset prices brought on by the financial crisis has shrunk the size of sovereign wealth funds belonging to oil-rich countries and Asian exporters, the World Street Journal reported on Wednesday on its Web site.
A sustainable recovery will occur only when the corporate system will be cleaned of losses and capitalism risks collapsing if this does not happen, Marc Faber, the author of "The Gloom, Boom & Doom Report," told CNBC Friday.
Prepare for War, the Death of capitalism and Bankruptcy of the US Government (not necessarily in that order). A vintage performance from the author of "The Gloom, Boom & Doom Report".