Europe News London


  • Insurer Resolution Backs Standard Life Takeover Bid Friday, 26 Oct 2007 | 10:06 AM ET

    British insurer Resolution recommended shareholders accept a $10 billion offer from rival Standard Life on Friday and backed away from its proposed takeover of Friends Provident.

  • Nov. 8 Deadline Set on Qatari Bid for Sainsbury Friday, 26 Oct 2007 | 4:13 AM ET

    The Qatari group seeking to take over J Sainsbury, Britain's third-largest grocer, faces a Nov. 8 deadline to make a firm offer or withdraw, the parties said Friday.

  • British Insurer Aviva's 9-Month Sales Jumps 24% Thursday, 25 Oct 2007 | 7:34 AM ET

    British insurer Aviva said Thursday that sales rose 24 percent in the first nine months of the year as the company won new business and benefited from a U.S. acquisition.

  • Financial System at Risk of Further Shocks, BoE Says Wednesday, 24 Oct 2007 | 9:19 PM ET

    The trouble in financial markets is not over yet and stocks, commercial property and credit markets in the rich world could suffer a further hit, the Bank of England said on Thursday.

  • International Investing: The United Kingdom Wednesday, 24 Oct 2007 | 1:24 PM ET

    The United Kingdom is one of five trillion-dollar economies in western Europe. Its economic strength has allowed it to remain independent of the European Union, and public opinion polls have shown steady, substantial opposition to abandoning the pound for the euro.

  • UK Housing Prices Will Not Plunge: Item Club Monday, 22 Oct 2007 | 11:47 AM ET

    The liquidity squeeze which has affected the global financial markets in the past three months is not likely to cause a correction in the UK housing market, Peter Spencer, chief economic advisor for Ernst & Young's Item Club, told CNBC's "Squawk Box Europe" Monday. 

  • British brewer Scottish and Newcastle may sell its stake in Russia-based brewer Baltic Beverages Holding (BBH) to block a potential joint bid from Carlsberg and Heineken, a source said.

  • Shares in British insurer Resolution climbed more than 3 percent in early trade on Monday on hopes of a 5 billion pound ($10.2 billion) bid from rival Standard Life, backed by Swiss Re.

  • Pearson Says Trading Strong, All Units Doing Well Monday, 22 Oct 2007 | 3:09 AM ET

    Educational publisher Pearson said on Monday trading was strong in the third quarter and that underlying sales and operating profit rose 6 and 20 percent respectively over the first nine months of the year.

  • British Airways Urges American Airlines Tie-Up Thursday, 18 Oct 2007 | 7:05 AM ET

    British Airways has urged its US partner American Airlines to get closer still as it seeks to fend off a transatlantic joint venture between Delta and Air France.

  • UK Retail Sales Rise More Than Expected in Sept Thursday, 18 Oct 2007 | 5:36 AM ET

    British retail sales rose much more than expected in September at their sharpest annual rate in three years, official figures showed on Thursday.

  • Britvic Second-Half Revenue Falls 1.5% on Wet Summer Wednesday, 17 Oct 2007 | 7:05 AM ET

    Britain's second largest soft drinks maker, Britvic, reported a 1.5 percent fall in second-half branded beverage sales Wednesday, blaming a wet summer for the slip.

  • BAE Systems CEO to Step Down in August 2008 Tuesday, 16 Oct 2007 | 10:39 AM ET

    BAE Systems Chief Executive Mike Turner will step down as CEO and leave the board in August 2008, Europe's largest defence company said on Tuesday.

  • BP CEO Makes Sweeping Changes Thursday, 11 Oct 2007 | 10:55 AM ET

    The chief executive of BP on Thursday outlined a plan to address industry-lagging profitability by slashing management layers, adopting consistent procedures for developing oil and gas fields and reducing "unacceptably high" costs.

  • G7 Should Focus on Free Trade, Not Currencies: Darling Wednesday, 10 Oct 2007 | 7:55 AM ET

    The Group of Seven meeting this month should focus on breaking down barriers to free trade rather than managing exchange rates, British finance minister Alistair Darling told Reuters in an interview on Wednesday.

  • Glaxo Names European Head, Witty, as New CEO Monday, 8 Oct 2007 | 3:20 AM ET

    GlaxoSmithKline has picked Andrew Witty, currently president of its European pharmaceuticals business, to succeed Chief Executive Jean-Pierre Garnier from May 2008, it said on Monday.

  • Britain finally approved a new 16 billion pounds ($33 billion) underground rail link across London designed to carry 200 million passengers a year and ease the capital's clogged transport network.

  • Marston's Says Profit Below Forecast on Interest Cost Thursday, 4 Oct 2007 | 3:40 AM ET

    British pub group Marston's said on Thursday its full-year pretax profit would be slightly below its expectations due to the impact of higher interest rates, though strong trading conditions continued.

  • Britain's competition watchdog criticized the level of service at Heathrow and Gatwick airports Wednesday and recommended a cap on the amount airports operator BAA can charge airlines.

  • Online Advertising Spending Surges 41% in Britain Tuesday, 2 Oct 2007 | 1:17 AM ET

    Online advertising spend in Britain grew 41% in the first half of 2007 to give it a market share of almost 15%, new data showed on Tuesday.