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British government to become major stakeholder in RBS bank
London - The British government is to own a majority share of almost 58 per cent in the Royal Bank of Scotland (RBS) after shareholders failed to take up a rights issue to inject new capital into the ailing bank. RBS announced Friday that only 0.24 p...
[Posted
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2008-11-28 ] Category : [
UK (Business) ]
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Woolworths chain in Britain faced with collapse - Summary
London - The Woolworths retail chain in Britain, which has had a presence on the High Street for nearly 100 years, is to file for administration, company sources said Wednesday. The collapse of the retail empire, which employs more than 25,000 staff ...
[Posted
on :
2008-11-26 ] Category : [
UK (Business) ]
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London Stock Exchange quotations 26 November 2008
FT-100 Index 4,152.69(- 18.56) (- 0.44 %) BAT Industries 1,731.00(- 33.00) (- 1.87 %) BP Amoco 512.75(-7.75) (- 1.49 %) Diageo 882.00(- 30.50) (- 3.34 %) HSBC Holdings 704.00(+ 14.25) (+ 2.07 %) Prudential 288.00(-7.00) (- 2.37 %) R...
[Posted
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2008-11-26 ] Category : [
UK (Business) ]
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Brown sets April date for G20 meeting in London - Summary
London - Leaders from the Group of 20 (G20) nations will hold a summit meeting in London on April 2 next year to address the global economic crisis, British Prime Minister Gordon Brown said Wednesday. Future US President Barack Obama would attend the...
[Posted
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2008-11-26 ] Category : [
UK (Business) ]
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Bank of England governor urges banks to start lending again
London - The governor of the Bank of England indicated Tuesday that further nationalizations in the British banking sector could not be ruled out if banks continued their lending freeze. Mervyn King told a parliamentary committee that the resumption ...
[Posted
on :
2008-11-25 ] Category : [
UK (Business) ]
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British government in tax-cutting plan to revive economy
London - British Prime Minister Gordon Brown Monday defended his policy of tax cuts to stimulate the economy in an effort to soften the impact of a looming recession. Speaking before a major tax-cutting budget was due to be announced in parliament, B...
[Posted
on :
2008-11-24 ] Category : [
UK (Business) ]
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