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Europe News London


  • Sabotage Fears as LSE Platform Crashes Wednesday, 3 Nov 2010 | 6:15 AM ET

    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.

  • Is Britain Really That Broke? Monday, 1 Nov 2010 | 6:32 AM ET

    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.

  • Pros Weigh in on Severe UK Spending Cuts Thursday, 21 Oct 2010 | 8:35 AM ET

    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.

  • jerryhall.jpg

    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.

  • Will the French Passion for Strikes Cross the Channel? Tuesday, 19 Oct 2010 | 9:26 AM ET
    The Palace of Westminster, home of the UK Parliament in London.

    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.

  • London Fashion Week 2010 Friday, 8 Oct 2010 | 3:28 PM ET
    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.Global brands such as Burberry and hot designer names like Savile Row's Ozwald Boateng give some glamour to a week where budding fashionistas can still get close-up seats to see up-and-coming designers. And for the eco-friendly look, organizers stressed , including the first-ever sustainable

    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.

  • London's Best Dressed Banker to Get Award Wednesday, 29 Sep 2010 | 10:18 AM ET

    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.

  • UK PM Earns Less than 9,000 Public Servants Monday, 20 Sep 2010 | 9:34 AM ET

    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.

  • BP Cited for Safety Lapses in the North Sea Wednesday, 15 Sep 2010 | 4:01 AM ET

    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.

  • Give Private Sector Chance to Innovate: Tony Blair Tuesday, 14 Sep 2010 | 2:15 PM ET

    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.

  • Banknote Printer: Some Staff Forged Documents Tuesday, 7 Sep 2010 | 9:15 AM ET
    British Pound

    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.

  • JPMorgan Shutting Commodities Prop Trading in London Tuesday, 31 Aug 2010 | 4:32 PM ET
    JP Morgan Chase

    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.

  • UK Faces Economic 'Hurricane': Labour Politician Friday, 27 Aug 2010 | 4:27 AM ET
    Tower Bridge and City of London financial district

    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.

  • Why London Outsings New York in Concerts Friday, 20 Aug 2010 | 11:15 AM ET
    Madonna performs onstage during the opening night of her 'Sticky and Sweet' tour at the O2 Arena on in London, England.

    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.

  • A Hundred Days on, Is Cameron the New Thatcher? Wednesday, 18 Aug 2010 | 3:55 AM ET
    Big Ben & London Eye

    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.

  • 'Face Obama Naked' Dare Now Worth $1 Million Tuesday, 17 Aug 2010 | 9:33 AM ET
    Alki David

    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.

  • UK Economic Fears Rise as House Prices Dip Tuesday, 10 Aug 2010 | 3:01 AM ET

    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.

  • Lehman Brothers Art Work Under the Hammer Monday, 9 Aug 2010 | 8:24 AM ET
    Lehman Brothers

    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.

  • Sell G7 Bonds Ahead of Fed Meeting: Strategist Friday, 6 Aug 2010 | 4:30 AM ET

    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.

  • Fundamentals for Gold Remain Strong: CEOs Thursday, 5 Aug 2010 | 9:34 AM ET

    The chief executives of two of the word's biggest gold producers said the fundamentals driving the price of bullion remain strong.