GlaxoSmithKline shares jumped 3 percent after the U.K.-listed pharmaceutical giant reported second-quarter earnings per share that were slightly higher than forecast on Wednesday.» Read More
I'm sure they mean well. British regulators, in their recent decision to record bank employees work cell phones must have lofty goals. For example: Protecting the investing public—and the economy at large—from rogue traders and corrupt bankers. But does anyone expect it to work?
The London Stock Exchange was scrambling to establish how a human error in possibly “suspicious circumstances” had knocked out one of its dealing platforms on Tuesday as the exchange conceded it would now have to delay switching over to a new trading system until next year, reports the Financial Times.
Any country that has spare cash to throw at buying millions of pumpkins that will never get eaten and hundreds of millions on tickets for a group more middle of the road than cats-eyes, clearly has more money than sense.
The UK government unveiled a severe five-year austerity plan this week, which included sharp cuts to public sector jobs and benefits. The plan, though widely expected, divided opinion with some commentators claiming it put the country's recovery at risk.
The former supermodel and ex-wife of rock star Mick Jagger auctioned 14 pieces, including works by Andy Warhol and Lucian Freud at the October event.
The UK is bracing itself for the big squeeze. On Wednesday we will find out just where the axe will fall as the government tries to get its fiscal house in order.
Not historically known for its cutting edge fashion, London is trying to muscle in on the Big 3 cities in the fashion world - Paris, Milan and New York - and bring more attention to its growing fashion week.
Walk down Fleet Street any weekday and you could almost be in a scene from Mary Poppins, surrounded by sharply dressed bankers in their dark suits.
More than 9,000 people working in the British public sector earn more than the prime minister’s £142,500 ($220,875) a year, according to the most extensive analysis to date of senior public sector pay.
All but one of BP’s five North Sea installations inspected in 2009 were cited for failure to comply with emergency regulations on oil spills. The Financial Times reports.
Governments that bolstered their countries’ ailing institutions impacted by the financial crisis need to step back and give the private sector a chance to innovate and rebuild, former UK Prime Minister Tony Blair told CNBC Tuesday.
The world’s biggest bank note printing company said some employees had “deliberately falsified certain paper specification test certificates for a limited number of customers”. The FT reports.
JP Morgan Chase has notified commodities traders in London that they’ll soon be out of a job, joining a slew of U.S. financial firms that are cutting proprietary-trading divisions because of recent regulatory reforms.
Ed Balls will on Friday say that a “hurricane is about to hit” Britain’s economy, in the most dramatic warning yet by a Labour politician that the coalition’s plans to cut the deficit risk pitching the country into a double-dip recession. The FT reports.
At the turn of the century, London's Millennium Dome was dismissed by many as a failure and a waste of money after it did not attract the huge numbers of visitors that the government had hoped.
The bond vigilantes currently appear to have bigger worries than the UK and growth in the second quarter was far better than forecast, giving the impression that Cameron and his team have that must valuable of commodities - luck.
A billionaire who last week launched a dare for people to stand naked in front of US President Barack Obama has just raised the stakes for the prank to $1 million from a previous $100,000.
After a year when the recovery in house prices surprised almost everyone and brought relief to Britain’s stretched banks, the return of a buyers’ market threatens to increase jitters in a fragile economy. The FT reports.
Fancy a credit-crunch keepsake or a meltdown memento? Artworks, objects and office signs from the European offices of Lehman Brothers are being auctioned to help pay creditors of the failed investment bank, Christie's auction house said Monday.
Get out of the G7 bond market excluding Canada ahead of next Tuesday's Federal Reserve meeting, Marc Ostwald, a strategist at Monument Securities, said.