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Europe Top News and Analysis United Kingdom

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  • *British arm becomes main profit engine, Spain lags. The stronger growth points to progress in Chairwoman Ana Botin's plan to improve profits by expanding lending rather than through acquisitions, as the bank tries to ride an economic recovery in Europe. In Britain-- now the group's biggest profit engine ahead of Brazil-- lending rose nearly 3 percent from the end...

  • 'Top Gear' stars sign with Amazon for new car show Thursday, 30 Jul 2015 | 9:23 AM ET
    Jeremy Clarkson

    Sacked BBC "Top Gear," host Jeremy Clarkson has signed with Amazon to make a new car show with co-presenters Richard Hammond and James May.

  • Lonmin: victim of price falls and management wobbles Thursday, 30 Jul 2015 | 8:53 AM ET

    LONMIN: VICTIM OF PRICE FALLS AND MANAGEMENT WOBBLES@* Platinum producers hit by falling prices, rising costs* Lonmin seen bleeding more quickly than others* Shares hit lowest levels since 1979. LONDON/ JOHANNESBURG, July 30- Platinum producer Lonmin is facing its deepest crisis to date, hurt by a downturn in the metal and haunted by a mixture of bad luck and...

  • LONDON, July 30- Specialist insurance market Lloyd's of London said on Thursday it planned to apply for an onshore reinsurance license and open an office in Malaysia, as part of its push into emerging markets. In Asia, Lloyd's already has an office in Singapore and it opened an office in Dubai earlier this year. Nelson said around $130 million in business was...

  • LONDON, July 30- BAE Systems, Europe's biggest defence contractor, is still waiting on securing the new aircraft orders it needs to meet its annual earnings target, it said on Thursday. The company, which generates about a fifth of its total sales from Saudi Arabia, needs to sell more Typhoons to Saudi and other Middle East customers to keep production of the jet...

  • NEW YORK— Delphi Automotive PLC on Thursday reported a 69 percent surge in second-quarter profit, beating Wall Street expectations, and disclosed it is buying HellermannTyton Group to boost its auto technology offerings. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share. Seven analysts surveyed...

  • LONDON— The former hosts of the BBC's popular "Top Gear" program, who left amid scandal over an off-set dustup, have signed up to present a new car show for broadcaster Amazon Prime. Amazon said Thursday that Jeremy Clarkson, James May and Richard Hammond have committed to three series of the show, with the first to be broadcast in 2016.. The BBC says the show will...

  • MADRID, July 30- Spain's economy grew at its fastest rate since 2007 in the second quarter with more growth expected ahead, although the pace of recovery may flag as the effect of supportive cheap money and low inflation starts to wear off. Since Spain emerged from a prolonged downturn in mid-2013, economic growth has been driven by a steady rise in consumer...

  • *China bonded copper premiums jump $10 to highest since March. *Indonesia's Timah sees tin export delay to August. LONDON, July 30- Copper slipped on Thursday, weighed down by a firmer dollar after the Fed set the scene for a possible interest rate rise and on jitters about China after its share market retreated.

  • PARIS, July 30- French carmaker Renault reported on Thursday that first-half profit surged on rebounding European demand- but not enough to meet soaring investor expectations from the recovery, or concerns about weaker pricing. Despite hitting its highest operating margin in a decade, at 4.8 percent, Renault's shares fell as much as 7.5 percent as investors...

  • *Europe set for busy day of data. Europe's stock markets had initially started brightly but began to fade as attention switched from company earnings from the likes of Siemens and Deutsche Bank to upcoming euro zone unemployment, business sentiment and German inflation data. Q2 gross domestic product data also due later that could reinforce the rate hike view,...

  • Drug firm AstraZeneca reports slide in earnings Thursday, 30 Jul 2015 | 4:02 AM ET

    LONDON— Anglo-Swedish drug firm AstraZeneca says second-quarter net income fell 12 percent to $697 million as competition from generic drug companies reduced sales. CEO Pascal Soriot says the company made "good progress" in the period, with cost reductions supporting investment in science. Soriot also highlighted progress in the company's oncology...

  • LONDON— Second-quarter profit at taxpayer-owned Royal Bank of Scotland rose 27 percent, it announced Thursday, but warned the cost of past scandals may continue to weigh on earnings. Net income for the period advanced to 293 million pounds from 230 million pounds a year earlier as the value of RBS's stake in U.S.-based Citizens Bank increased.

  • Shell to cut jobs to cope with long period of cheap oil Thursday, 30 Jul 2015 | 2:52 AM ET

    LONDON— Royal Dutch Shell announced deep cuts to jobs and investment on Thursday as the global energy giant prepares for a prolonged period of low oil prices. Brent crude, a benchmark for North Sea oil, averaged about $62 a barrel during the period, down from $110 in the second quarter of 2014.. Shell plans to bolster earnings through the $70 billion acquisition of...

  • Green shoots in UK housing: Countrywide CEO Thursday, 30 Jul 2015 | 1:40 AM ET
    Green shoots in UK housing: Countrywide CEO

    Alison Platt, CEO of Countrywide, says she sees encouraging green shoots for the U.K. housing market in the second half.

  • Gridlock at UK's French border amid migrant crisis Thursday, 30 Jul 2015 | 1:35 AM ET
    Gridlock at UK's French border amid migrant crisis

    CNBC's Hadley Gamble reports on the migrant crisis plaguing the border link between France and Britain.

  • HONG KONG, July 30- Toshiba Corp's years-long practice of inflating its profits has raised questions among accounting experts about whether low fees paid by Japan- listed companies to their auditors mean they do not spend enough time scrutinizing company accounts. Toshiba chief executive Hisao Tanaka and a string of other senior officials resigned last...

  • Ensco beats Street 2Q forecasts Wednesday, 29 Jul 2015 | 5:45 PM ET

    LONDON _ Ensco PLC on Wednesday reported second-quarter net income of $260.3 million, after reporting a loss in the same period a year earlier. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share. Ensco shares have decreased 40 percent since the beginning of the year, while the Standard& Poor's 500 index...

  • Noble Corp. beats Street 2Q forecasts Wednesday, 29 Jul 2015 | 5:15 PM ET

    LONDON _ Noble Corp. on Wednesday reported second-quarter earnings of $159 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share. Noble Corp. shares have dropped 20 percent since the beginning of the year, while the Standard& Poor's 500 index has increased slightly more than 2 percent.

  • FOREX-Dollar rises as Fed's jobs view hints at rate hike Wednesday, 29 Jul 2015 | 3:35 PM ET

    NEW YORK, July 29- The dollar rose modestly against a basket of currencies on Wednesday as the Federal Reserve upgraded its view of the labor market, supporting some traders' opinion that it would raise benchmark U.S. interest rates, perhaps as early as September. Although inflation has remained below the Fed's 2 percent target and overseas developments...