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RBS reports third quarter loss as restructuring continues
London - Britain's ailing Royal Bank of Scotland (RBS) Friday reported third quarter losses of 1.53 billion pounds (2.54 billion dollars), figures released by the bank showed. The operating loss was below second quarter losses of 3.53 billion pounds,...
[Posted on :
2009-11-06 ] Category : [
UK (Business) ]
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British Airways remains in the red as recession bites
London - British Airways (BA) Friday reported a record half- yearly pre-tax loss of 292 million pounds (485 million dollars), indicating that the airline remains vulnerable to the recession, BA figures showed. For the whole of last year, BA made a re...
[Posted on :
2009-11-06 ] Category : [
UK (Business) ]
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Bank of England boosts money supply, keeps interest rates low
London - The Bank of England (BoE) Thursday left interest rates unchanged at 0.5 per cent while deciding to pump an extra 25 billion pounds (41 billion dollars) into the economy to boost liquidity on the market. The extra amount takes to 200 billion ...
[Posted on :
2009-11-05 ] Category : [
UK (Business) ]
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London Stock Exchange quotations 4 November 2009
London - Closing prices in pence on the London Stock Exchange. In brackets movement and percentage change against the previous quotation.FT-100 Index5,107.89(+ 70.68) BAT Industries 1,917.00(+3.50) BP Amoco 581.40(+1.10) Diageo ...
[Posted on :
2009-11-04 ] Category : [
UK (Business) ]
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British unions hail GM decision but government cautious
London - British trade unions Wednesday welcomed the decision by carmaker General Motors (GM) not to sell off its European brands - but the government said it was seeking urgent talks with GM about the future of Vauxhall plants. The decision, which...
[Posted on :
2009-11-04 ] Category : [
UK (Business) ]
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London Stock Exchange quotations 3 November 2009
London - Closing prices in pence on the London Stock Exchange. In brackets movement and percentage change against the previous quotation. FT 100 5,037.21(- 67.29) BAT Industries 1,913.50(- 23.00) BP Amoco 580.30(-4.40) Diageo...
[Posted on :
2009-11-03 ] Category : [
UK (Business) ]
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British government announces major bank restructuring
London - The British government Tuesday announced plans to restructure two part-nationalized banks bailed out by the taxpayer at the height of last year's crisis. The treasury said the scheme, under which the Royal Bank of Scotland (RBS) and Lloyds B...
[Posted on :
2009-11-03 ] Category : [
UK (Business) ]
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