Job losses in U.K. are expected to escalate sharply in the first months of 2009 as the recession deepens and the credit crunch continues, a Confederation of British Industry survey showed Monday.
Australian Dollar: The Aussie dollar drifted lower in local trade on Friday after posting a high of 0.7130 in early morning trade.
Bernard Madoff ordered the transfer of £100 Million ($150M)from his UK company to his US firm weeks before he confessed of a $50 billion fraud.
The Australian Dollar opens little-changed from this time yesterday at 0.7120 but has experienced another wide 24-hour range.
Bankrupt department store chain Woolworths, a stalwart of British retailing for 100 years, turned out the lights at the final 200 of its 807 shops on Tuesday.
Australian Dollar: The Australian Dollar opens sharply lower this morning at US71 cents. The Aussie moved to an overnight high of 0.7268 during European trade, however
John Atta-Mills was sworn in as the new president of Ghana on Wednesday following a peaceful but tense election that secured the country's status as one of the continent's few stable democracies.
Australian Dollar: The Australian Dollar opens at a 3-month high against its U.S. counterpart at 0.7250 as commodity prices continue their recent run higher. Positive sentiment
London based Waterford Wedgwood PLC, the maker of classic china and crystal, filed for bankruptcy protection on Monday after running out of money and failing to find a buyer.
Australian Dollar: The Australian Dollar opens higher today at 0.7149 and in the last 24 hours has been more up and down than the wicket at the Sydney Cricket Ground. In local
Going through ones belongings after death can bring about all sorts of surprises; the relatives of Dr. Harold Carr were ones who received such surprise.
Anyone with a taste for boutique hotels with charm, originality and set in scenic beauty spots or striking urban placements, should certainly dig into the Domus Selecta catalogue.
Britain's Prime Minister Gordon Brown said on Monday the country will freeze assets of Iran's largest bank in a further move to discourage the country from developing nuclear weapons, after which he also announced additional troops for Afghanistan.
The FTSE 100 share index rose early on Thursday. By 9:18 am the index had risen 0.6 per cent by 34.7 points to 5,758.9.
US coffee chain Starbucks has announced its intentions to open 150 new outlets in Britain, France and Germany in the next three years in a deal with SSP. SSP is a UK group which runs Burger King and Pizza Hut stores.
Home Retail Group, owner of Homebase and Argos, said on Thursday that like for like sales in Homebase stores fell 12 per cent in the 13 weeks to 31 May to £440 million.
Carphone Warehouse profits were up 75 per cent to £216 million in the year ended 29 March 2008, the telecoms company said on Thursday. Revenue for the group also rose by 12 per cent to £4,474 million.
The UK is to become the subject of disciplinary proceedings from the European Commission as its budget deficit continues to grow.
Royal Bank of Scotland (RBS) said on Wednesday that its results for the first six months of the year should be satisfactory and in line with previous guidance.
Five deaths and 720 adverse reactions in the U.K. were linked to the anti-obesity drug Acomplia made by Sanofi Aventis SA, said a regulator in the country.
BP Plc refused a demand from its partners to oust the chief executive of its TNK-BP Ltd joint venture in Russia, according to a report.
BSS Group Plc said on Wednesday that its pre-tax profit for the year ended 31 March 2008 had risen 23.3 per cent to £58.3 million, with revenue up 27.4 per cent to £1,289.0 million.
