Tesco Plc has announced that it will be giving it's largest ever share payout of £175 million, to 51,000 of it's employees who are part of its Save As You Earn share scheme which allows Tesco employees to buy shares in the company at a discounted price.
The euro declined to two-week lows versus the dollar on Thursday after European Central Bank President Jean-Claude Trichet said euro zone growth risks are to the downside, signaling lower interest rates this year.
The European Central Bank kept its key interest rate steady on Thursday but the Bank of England reduced rates for the second straight month, citing inflation pressure in line with analyst expectations.
A British travel company has paid 560,000 pounds ($1.1 mln) for the domain name cruises.co.uk, a price that is effectively $1 million just for the letter S since it already owns the address cruise.co.uk.
Time Warner Inc., the world's largest media conglomerate, reported Wednesday fourth-quarter and full-year results which were roughly in line with Wall Street's expectations, as strong gains in cable television and from the sale of AOL's online access business in Europe.
Kenya's political rivals resumed crisis talks on Wednesday despite preparations for a meeting of east African foreign ministers which has angered opposition leaders.
The London Organising Committee for the 2012 Olympic Games has announced British Airways as the fourth Tier One sponsor of the London Games.
The death toll from Kenya's post-election bloodletting has risen to 1,000, the Red Cross said on Tuesday, as political rivals began the toughest part of their negotiations so far. Fighting in west Kenya in recent days between rival ethnic gangs had increased the number of deaths, the Red Cross said.
According to a study by KPMG, the level of fraud in the UK has reached its highest point in 12 years, costing the country over £1 billion every year.
Billionaire Richard Branson, banker Luqman Arnold and an in-house management team are set to pitch formal offers for Britain's Northern Rock Plc on Monday, the government's deadline for bids. Branson has said his Virgin Group VA.UL will make an offer for the troubled bank ahead of the February 4 deadline, while Arnold's investment group Olivant and the in-house team have also said they will bid.
Cocoa posted the highest gain in more than five years on Thursday amid dry weather in the commodity's biggest producer and a rise in the U.K pound against the dollar.
Amazon.com said Thursday it will buy Audible, a digital audio books provider, for $11.50 a share as in move to expand the online retailer's audio downloads available to users.
The Financial Services Authority (FSA) has warned that more incidents of financial crime may come to light in 2008 and that resources could be diverted away from fighting financial crime, thanks to tighter economic conditions.
The United States, Sweden and Japan topped a new ranking that measures how well countries use telecommunications technologies - networks, cell phones and computers - to boost their social and economic prosperity.
Current Media Inc., a TV network and web site founded by U.S. Vice President Al Gore, filed papers for an initial public offering on the Nasdaq stock market worth as much as $100 million.
European and Asian stock markets fell on Monday as worries continue about a possible U.S. recession that could affect other leading markets. Asia's losses were led by China's Shanghai composite Index which plummeted to close down more than 7 percent, while the U.K.'s FTSE 100 was off 2 percent in early afternoon trading. U.S. stocks were set to open lower.
How often have you sat on losses, in the hope that fortune will shine and turn your shortfalls into gains?
Carlsberg and Heineken on Friday finally agreed a cash bid of 7.8 billion pounds ($15.3 billion) to buy and break up Scottish and Newcastle (S&N) to boost the Danish brewer's position in Russia and the Dutch group's presence in western Europe.
The Office of National Statistics (ONS) has released figures showing that UK GDP went up by 0.6 per cent in the last quarter of 2007.
European shares slipped 1.5 percent by midday on Wednesday as the afterglow of a hefty U.S. rate cut faded rapidly, replaced by concerns over bank writedowns and earnings downgrades.
Hedge funds with geared wrong-way bets in hot areas such as commodities and emerging markets are feeling the squeeze from market falls, but some top managers are using this opportunity to pick up stocks they like on the cheap.
According to a newspaper report, Sir Richard Branson's Virgin Group is in the process of making an improved offer for the ailing Northern Rock bank.
