European heads of states appointed Baroness Catherine Ashton as the European Union's foreign-policy chief, the so-called first EU Foreign Minister, Thursday evening.
A British charity is pioneering the idea of reducing the country's bulging debt by encouraging people to buy gift vouchers that will be sent to the Treasury.
JPMorgan Chase & Co. is beefing up in Europe by buying the half of Cazenove it does not already own in a deal valuing the 190-year old UK stockbroker at 2 billion pounds ($3.4 billion).
The world no. 2 brewer beat forecasts on Thursday with a 6 percent rise in first-half profit and said its second half should be boosted by a fall in input costs and favorable currency movements.
Britain's Labor government, trailing in opinion polls ahead of an election next year, committed to halving a burgeoning budget deficit and said it would curb bankers' pay in draft laws unveiled on Wednesday.
The Bank of England's Monetary Policy Committee was split three ways in November, with seven members backing the 25 billion pound boost to the economy, one wanting more and another calling for no increase at all.
Lehman Brothers has filed a lawsuit against Barclays Capital alleging the British bank took control of excess assets in collusion with Lehman executives when it bought its US brokerage business a year ago.
The British government will this week outline legislation allowing consumers to group together to claim damages from financial institutions that mislead customers over financial products, a government source said on Monday.
U.S. investment bank J.P. Morgan will offer 500 to 525 pence per share to buy out the remaining 50 percent stake in stockbroker Cazenove according to a report in the Sunday Telegraph.
Friday, 13 Nov 2009 | Posted By:
Robin Knight | Source: CNBC.com
The proposed merger between British Airways and Iberia would be bad for consumers as the flag-carrying airlines would raise ticket prices on their competing routes, Michael O'Leary, CEO of discount Irish carrier Ryanair, told CNBC Friday.
The euro zone economy jumped out of recession in the third quarter, but with slightly less spring than expected after the area's top three economies fell short of market forecasts.
Britain's BT Group increased its revenue and dividend forecast for the full year on Thursday after stringent cost cuts helped the former telecoms monopoly to beat second quarter core earnings expectations.
With AIG not extending its jersey sponsorship deal with Manchester United, Aon Corporation, a $10 billion company who specializes in risk management, insurance and consulting, is expected to take over.... Read More
Go to the beach early! If we can survive Kris upsetting Adam on American Idol while it looks like the UK will have its debt downgraded, we can cut-out early one time! The market will try to stay awake long enough Friday to get to the 4 PM close, but I don't expect much, if anything, to happen... Read More