UNITED KINGDOM

IBTimes Logo

CVC buys Barclays' iShares for $4.4 billion

Private equity firm CVC Capital Partners is buying iShares asset management business from Barclays for 3 billion pounds ($4.4 billion) in a deal that will be 70 percent funded by the British bank.

BoE holds rates at 0.5 percent

IBTimes Logo
The Bank of England left interest rates unchanged at a record low of 0.5 percent on Thursday, and said it would take another two months to complete its 75 billion pound quantitative easing program.

RBS to cut up to 9,000 jobs

IBTimes Logo
Part-nationalized British lender Royal Bank of Scotland said it could shed up to 9,000 jobs over the next two years, including 4,500 in the UK, in an effort to cut costs.
More news
IBTimes Logo

Constellation shares off after profit miss

Constellation Brands Inc posted a quarterly profit that just missed Wall Street estimates, as a 16 percent drop in wine sales in Europe during the holiday season offset a slight gain in North America, sending shares down 4 percent.
IBTimes Logo

Constellation Brands profit just below Street view

Constellation Brands Inc reported a quarterly profit that just missed Wall Street estimates, hurt by disappointing demand for alcohol in Europe and Australia during Christmas and New Year's, and gave a cautious forecast for the current year.
IBTimes Logo

Forex Daily Commentary - 08/04/2009

Australian Dollar: The local market remained on tender hooks leading into yesterdays RBA rate decision with analysts seemingly split on the outcome.
IBTimes Logo

RBS says to cut up to 9,000 jobs

Part-nationalized British lender Royal Bank of Scotland said it could shed up to 9,000 jobs over the next 2 years, including 4,500 in the UK, as part of a shake-up of its back-office operations.
IBTimes Logo

RBS says UK government stake to rise to 70 percent

Part-nationalized British lender Royal Bank of Scotland said the state's holding in the group will rise to 70.3 percent from 58 percent after its private sector investors largely shunned a sale of new shares.
IBTimes Logo

Stocks, European currencies turn lower after data

World stocks turned lower and European currencies fell on Tuesday after data showed the euro zone economy shrank more than previously thought, fanning concerns about the impact on corporate profits from the economy.
IBTimes Logo

Asian stock rally pauses as bank worries flare again

Asian stocks slipped on Tuesday, snuffing a five-day rally as uncertainty about U.S. banks pushed dealers to take profits on recent gains, while investors' reduced willingness to take risks lifted the U.S. dollar and yen.
IBTimes Logo

Financiers pledge $1 billion for Africa infrastructure

Western nations and lending agencies have agreed a financing package of more than $1 billion to improve infrastructure in southern and central Africa at an investment conference meant to expand transport links and trade.
IBTimes Logo

Murdoch says papers should charge on Web

Rupert Murdoch, whose media company News Corp owns one of the few U.S. newspapers that makes people pay to read its news on the Web, said more papers will have to start doing the same to survive.
IBTimes Logo

RBS to cut more jobs

Royal Bank of Scotland will cut more jobs, Chairman Philip Hampton warned on Friday as he called for an end to the public flogging of the state-rescued bank over its past mistakes.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.