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UK Biggest Debtor In West Europe

A report from Datamonitor has revealed that the UK is the most indebted nation in all of Western Europe. All of one third of unsecured debt in Western Europe is because of the UK.

Mixed verdict for Glaxo in EU drug export case

GlaxoSmithKline won a partial victory on Wednesday in its bid to stop Spanish drug wholesalers from re-exporting its medicines at high premiums.

Standard Life profit below forecasts

Insurer Standard Life posted a first half operating profit below analyst forecasts on Wednesday, hit by an increase in provisions for customers cashing in policies

HK still preferred base for global companies

Hong Kong continues to be the preferred base for international companies to oversee their regional operations, a Census & Statistics Department survey suggests. The number of regional operations and local offices in Hong Kong operated by overseas and Mainland companies reached its highest-ever level this year, topping 6,350.

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Economists On Climate Change: Do We care?

Will the spending needed to prevent global warming cost the world more than just sitting back, or even enjoying the possible financial benefits of a hotter planet?

U.S. drops to 6th in world competitiveness ranking

The United States fell to sixth place in the World Economic Forum's 2006 global competitiveness rankings, ceding the top place to Switzerland, as macroeconomic concerns eroded prospects for the world's largest economy.

FirstGroup on track for first half

Bus and train operator FirstGroup said on Tuesday it had a good first half with new franchises leading to a strong performance across its UK Rail division.

RHM slips as jams and baking products struggle

RHM reported tough trading at its preserves and baking products business on Tuesday and said annual profit would be even more skewed to the second half than last year

Third of homeowners expect mortgage to last to retirement

Over a third of homeowners expect to have to work into retirement just to pay off their mortgage, according to a survey.

RHM says Mr Kipling recovering

RHM reported continued recovery in its Mr Kipling cakes brand on Tuesday, but said high wheat prices and marketing spend meant annual profit would be even more skewed to the second half than last year.

ArmorGroup $5.6M Contract in Lebanon

ArmorGroup International Plc the security services firm today announced it had landed a $5.6 million mine clearance contract in Lebanon.

Venture capital looks to find its global footing

Faced with mounting pressures of doing business in Silicon Valley, the venture capital industry is going global, albeit in stops and starts that reflect the risks of doing business in foreign lands.

PZ Cussons Operating Profit Up

Anthony Green, Chairman of PZ Cussons Plc, today made a statement at the shareholders AGM. In it he announced that operating profit before exceptional items had increased by 13% to £60.2m.

Close Brothers posts record profit

Close Brothers posted a record pre tax profit of 157 million pounds for the 2006 financial year, slightly above consensus estimates, boosted by strength in all its businesses, the UK bank said on Monday.

Aberdeen hit by drop in dollar

Aberdeen Asset Management's assets under management fell by 3.9 percent over the five months to the end of August, primarily as a result of a fall in the value of the U.S. dollar.

Minerva drops plans for skyscraper

Property group Minerva has dropped plans to build what would have been the City of London financial district's tallest office block, saying on Monday the project was too big for a company of its size.

Standard Life finance director steps down

Standard Life Finance Director Alison Reed will step down next month, the insurer said, ending a week of speculation about her future that has prompted concerns over management changes at the former mutual.

UK Firm to Find Oil in Egypt

A United Kingdom oil company, Aminex PLC, has signed a production sharing agreement with Egypt for Onshore Block 2 in the West Esh El Mellahah area in upper Egypt.

Consumers not playing safe when banking online

Consumers are leaving themselves open to online fraud, with half a million people admitting they would fall victim to scams such as phishing, a report has revealed.

Halifax calls for hike in inheritance tax threshold

Britain's biggest mortgage lender has called for the inheritance tax (IHT) threshold to be hiked to 430,000 pounds, after it found 10 percent of homeowners now fall into the net.

FTSE edges up led by banks

Shares edged up on Monday, led by banking and pharmaceuticals stocks.

Wolseley profit leaps and shares fall

Britain based building and plumbing supplier Wolseley posted underlying year profits at the top end of forecasts on Monday

Companies' fuel bills surge

Around four fifths of manufacturers have seen their fuel bills rocket at least 30 percent in the last year

India presses Australia on uranium deal

India has strongly urged Australia to change its nuclear policy and supply uranium to power its booming economy.

Branson commits $ 3 billion to fight global warming

Billionaire Virgin Group Chairman Richard Branson on Thursday committed an estimated $ 3 billion over the next 10 years, or all of the profits from his airline and rail businesses, to combating global warming.

FTSE 100 falls on U.S. growth worries

The FTSE 100 fell on Friday, with Wall Street seen extending losses after a Philadelphia Federal Reserve survey sparked concerns over U.S. growth and corporate profitability