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London markets sharply down after German move
London - The Financial Times Index plunged by more 4.5 per cent in London Monday as leading bank shares were also down following unease about Germany's move to guarantee all privatesavings, analysts said. The FTSE-100 index was down 225.70 points at ...
[Posted
on :
2008-10-06 ] Category : [
UK (Business) ]
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Britain wants multibillion-pound fund for small businesses
London - British Prime Minister Gordon Brown said Saturday he would like to set up a multibillion-pound fund to help out small businesses amid the current financial crisis. Speaking as he left for a summit of European Union G8 leaders in France, Brow...
[Posted
on :
2008-10-04 ] Category : [
UK (Business) ]
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British protection of bank deposits increased
London - Britain Friday increased the upper limit of guarantees offered to savers on deposits to 50,000 pounds (90,000 dollars), the Financial Services Authority (FSA) said. The increase from 35,000 pounds is due to come into force next Tuesday as pa...
[Posted
on :
2008-10-03 ] Category : [
UK (Business) ]
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Irish guarantee move prompts switch of funds from Britain
London - The British government has expressed its concern to Ireland over its decision to offer blanket guarantees on savings held by the six leading banks in the Irish Republic. Reports Thursday said that Britain's Chancellor of the Exchequer, Alist...
[Posted
on :
2008-10-02 ] Category : [
UK (Business) ]
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M&S sees sharp drop in sales over summer months
London - British retail giant Marks & Spencer reported Thursday a steep fall in sales over the summer months in a further sign of the economic downturn, figures showed. M&S said comparative sales in Britain fell by 6.1 per cent in the 13 weeks to the...
[Posted
on :
2008-10-02 ] Category : [
UK (Business) ]
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