Robert Mugabe has won yet another seat in parliament following the first results from the election recount.
Sterling recovered against the broadly weak dollar yesterday after a Bank of England policymaker welcomed the bank's plan to free up market liquidity as a way to keep the BOE focused on inflation risks.
The Competition Commission (CC) has said that BAA's common ownership of seven UK airports may not be serving well the interests of either airlines or passengers. The CC made the statement as part of its interim report on an investigation into the market for the supply of airport services by BAA.
Royal Bank of Scotland Plc, the second largest U.K. bank, unveiled a plan on Tuesday to raise 12 billion pounds in capital to boost its balance sheet by selling shares to investors after a reporting a 5.9 billion pound writedown.
By Jon NadlerMetals prices remained within fairly tight ranges overnight as little demand emerged from Asia around the $910 level. The US dollar once again came very close to the critical 1.60 mark against the euro, while crude oil scaled new peaks above $118 spurred by labour problems in the UK and...
By Bill BonnerAmericans could reap without planting. They could consume without earning. They could invest without saving, and spend as much as they wanted without running out of money
The FTSE 100 share index was almost unchanged as Monday came to an end, with the index going down only 3.5 points to 6,053.0 (down 0.06 per cent).
Scottish and Southern Energy Plc (SSE) announced on Monday that it had bought a 21 per cent stake in Logan Energy Limited at a cost of £375,000 plus goodwill brought to the new business.
The British Retail Consortium (BRC) has released a new survey suggesting that consumers are switching from credit cards to cash, thanks to the slowdown in the economy.
Ernst & Young, one of the world's largest professional services firms, said it will merge its European partnerships and practices in 42 countries to form a single entity.
The Bank of England announced an unprecedented $100 billion ( £50 billion) plan to allow banks to swap mortgage-backed securities for British Treasury bills in a bid to bail out Britain's ailing banking system.
Sterling recovered against the dollar on short covering and due to speculation that the plan to ease mortgage market conditions would limit the scope of UK rate cuts.
Royal Bank of Scotland Group Plc, the second largest U.K. lender, may sell up to up to 10 billion pounds ($20 Billion) of stock to current shareholders to rebuild its capital reserves, the Financial ...
The FTSE 100 share index inched up 24.3 points to 6,004.7 on Friday morning (up 0.4 per cent).Banks saw their fortunes decline with Barclays, HBOS, Lloyds TSB and Royal Bank of Scotland all down 1....
Punch Taverns has said that it had ended talks with fellow pub owner Mitchells and Butlers (M&B) on the grounds that any deal would not be in the best interests of the shareholders.M&B beca...
The FTSE 100 share index fell 65.8 points to 5,980.4 on Thursday (down 1.1 per cent).Banks had mixed fortunes with HSBC down 1.1 per cent, Standard Chartered down 1.2 per cent. Alliance & Leice...
Prime Minister Gordon Brown said on Thursday that he and US President George W. Bush would be doing whatever is necessary to ensure that the UK and US economies resume their paths of upward growth....
Prudential Plc said on Thursday that its total sales went up 13 per cent in the first three months of 2008, compared with the same period last year. The insurers' total sales reached £729 ...
Social network portal MySpace, a unit of Rupert Murdoch's News Corp., launched its India-dedicated Web site on Thursday, named MySpace India, expanding its presence into 29 global regions.MySp...
Sterling recovered against the broadly weak dollar after a sharp fall in housing starts. Sterling recovered against t...
German energy company E.ON has said it may be in the running for a possible takeover of nuclear power company British Energy. British Energy has become a takeover target thanks to its struggle with rising costs, which forced the company to close a number of its plants last year.
The Office for National Statistics (ONS) released new figures on Wednesday showing a rise in average earnings of 3.7 per cent in the three months to February 2008. The figure was slightly lower than the 3.9 per cent rise recorded for the three months to January.
