Xavier Rolet, CEO of the London Stock Exchange, says he will be joining U.K. Prime Minister David Cameron on a trade trip to China and sees an opportunity to 'sell Britain' to Chinese businesses.» Read More
Britain is set to become the first non-Muslim country to issue an Islamic bond, under plans unveiled by Prime Minister David Cameron on Tuesday.
LONDON, Oct 29- Prime Minister David Cameron made a bid to position London as a leading hub for Islamic finance on Tuesday, announcing plans for Britain to become the first Western country to issue a sovereign sukuk, or Islamic bond.
LONDON, Oct 29- Britain's gas and electricity retailers will have to be much more transparent about how they buy wholesale supplies on behalf of their customers if they are to defuse the political storm that has erupted over energy bills and restore trust among bill-payers.
*France warns Cameron about lowering standards. BRUSSELS, Oct 25- British Prime Minister David Cameron pressed European leaders on Friday to scrap EU red tape that London says is strangling small companies, but France warned it would not accept changes that threatened workers, food safety or the environment.
*UK government approves 125 mln pound loan guarantee. LONDON, Oct 25- Scotland dodged a heavy blow to its economy on Friday with a deal to rescue an oil refinery and petrochemical plant and safeguard up to 1,400 jobs. There's a future for this site, and it's long-term sustainable, " Calum MacLean, chairman of Grangemouth UK, said at a news conference.
BRUSSELS, Oct 25- British Prime Minister David Cameron pressed European leaders on Friday to scrap red tape that London says is strangling small companies, but won from them only a vague commitment to lighten regulation.
LONDON, Oct 25- Prospects for an agreement to save the Grangemouth refinery and petrochemical plant have strengthened after the union agreed to a three-year no-strike deal, Scotland's top minister said on Friday.
LONDON, Oct 21- With no apparent end in sight to Britain's economic stagnation and his 2012 budget slated as a shambles, George Osborne spent much of last year holed up behind the cream limestone walls of his finance ministry.
PARIS/ LONDON, Oct 21- Britain signed a deal with France's EDF to build a 16- billion pound nuclear plant, becoming the first European country to provide state guarantees to help fund a nuclear project.
Under the deal, EDF said it would have a 45 to 50 percent stake in the consortium to build two Areva- designed European Pressurised Water Reactors reactors at Hinkley Point C in Somerset, southwest England.
French utility EDF and the British government have signed an agreement to build two nuclear reactors for a total cost of 16 billion pounds, EDF said in a statement on Monday.
PARIS, Oct 21- French utility EDF and the British government have signed an agreement to build two nuclear reactors for a total cost of 16 billion pounds, EDF said in a statement on Monday. EDF said it would have a 45 to 50 percent stake in the consortium to build two Areva- designed EPR reactors at Hinkley Point C in Somerset, southwest England.
LONDON, Oct 17- British government plans to review payments for making homes more energy-efficient are political posturing- an attempt to show concern over rising electricity bills, but sounding more like desperation.
LONDON, Oct 10- British energy supplier SSE inflamed a growing political row over the rising cost of living on Thursday when it hiked prices by more than three times the rate of inflation.
*EU Commission says blueprint sound, Germany softens stance. LONDON/ BRUSSELS, Oct 8- European Union lawyers have raised concerns about proposals for banking union, warning that plans aimed at drawing a line under years of financial crisis could fall foul of EU law.
LONDON/ BRUSSELS, Oct 8- Parts of Europe's proposals for a banking union may fall foul of European Union law, lawyers have said in a fresh setback to plans aimed at strengthening the financial system after the debt crisis.
LONDON, Oct 8- Britain launched a flagship scheme on Tuesday to help people get on the property ladder, defying critics who believe the state-backed mortgage programme could fuel another housing bubble. HSBC, Europe's biggest bank, announced it would join the scheme later this year.
Politicians like Chancellor George Osborne are off to China to try and drum up business. Will it work?
MANCHESTER, England, Sept 30- British finance minister George Osborne on Monday placed the government's economic record at the heart of his Conservative party's campaign for re-election in 2015, offering the promise of welfare reform, tax cuts and a new wave of home ownership.
*George Osborne talks tough on unemployment benefits. MANCHESTER, England, Sept 30- British finance minister George Osborne proposed tougher new welfare rules on Monday to try to win over working voters who are grappling with depleted spending power ahead of the 2015 election.