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
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.
*George Osborne to talk tough on unemployment benefits. MANCHESTER, England, Sept 30- British finance minister George Osborne will propose 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.
*Britain mounts challenge to fourth EU policy in top court. LONDON, Sept 25- Britain has launched a legal challenge to the European Union's cap on bankers' bonuses which London fears will hurt its financial industry. Britain has made changes to defer bonuses over several years to discourage short-term bets that could go bad.
BERLIN, Sept 23- Angela Merkel has emerged from the German election with the closest thing to a governing mandate since Helmut Kohl rode to victory in 1990 on the feel-good wave of reunification.
BRIGHTON, England, Sept 23- Britain's opposition Labour party sought on Monday to convince voters that it can be trusted with the economy by promising iron discipline on spending and pitching higher taxes on bankers as a way to pay for welfare if it wins the 2015 election.
*Concerns: Greece, Portugal, Italy stability, France policy. BRUSSELS/ PARIS, Sept 23- Once Angela Merkel has savoured her third and biggest general election victory, the small issue of Europe awaits.
LONDON, Sept 19- Billionaire Canadian philanthropist John McCall MacBain has donated 75 million pounds to help expand Oxford University's prestigious Rhodes scholarship programme to elite students from China, Russia and Brazil.
*Trinity Mirror says being investigated by London police. *Trinity Mirror shares fall 2.5 percent. LONDON, Sept 12- British police are investigating whether Sunday Mirror newspaper publisher Trinity Mirror is criminally liable for alleged phone hacking by former journalists, widening a probe that had centred on Rupert Murdoch's News Corp..
LONDON, Sept 11- Britain's unemployment rate dropped in July to its lowest since late last year, prompting further market speculation that the Bank of England may raise interest rates earlier than it has indicated. The rate dipped to 7.7 percent in the three months ending in July, the Office for National Statistics said on Wednesday.