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Branson promises $3 bln to fight global warming

Billionaire Richard Branson on Thursday committed to spending all the profits from his airline and rail businesses an estimated $3 billion (1.6 billion pounds) over the next 10 years on combating global warming.
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Laura Ashley enjoys rosy sales

Laura Ashley , the British retailer famed for its floral fabrics, said on Thursday it returned to profit and enjoyed strong sales in the first half of the year thanks to further cost cuts and strong demand.
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Morrison swings to profit

Wm Morrison Supermarkets posted a return to profit in its first half and said on Thursday the second half had started well, sending its shares up 4.3 percent to a 28 month high.
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U.S. urges Thai coup leaders to restore democracy

Thailand's military coup leaders faced international calls for a swift return to democracy on Wednesday, after vowing to choose a new prime minister within two weeks to replace ousted Thaksin Shinawatra.
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World Bank graft fight stirs debate on Africa aid

President Mobutu Sese Seko was said to have sipped pink champagne daily, hired Concorde to fly his family to New York to shop and bought numerous friends in high places, much of it with the help of foreign aid.
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Lockheed Fears Budget Setback for F-35 Jet

Lockheed Martin Corp.'s $276.5 billion F-35 Joint Strike Fighter program, the costliest U.S. arms acquisition project, may be set back by moves in Congress to slow initial production, a top company official said on Wednesday.
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Land Securities Developments

Land Securities Group Plc has announced that the City of London Planning Committee resolved to grant it planning permission for its proposed development at 20 Fenchurch Street.
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UTV Withdraws Merger Offer for SMG

Ulster Television Plc (UTV) has today announced that it has written to the Board of SMG Plc to say that it will no longer be continuing with its merger proposal with them.
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Savings hit record highs

The UK's savings pot grew to its highest level this century in the second quarter of 2006, figures from industry body IFA Promotion (IFAP) show.
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Resolution profit above forecasts

Life insurer Resolution posted first half profit just above market forecasts on Wednesday, helped by growing asset management income
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IMF and World Bank to pursue internal reforms

As the International Monetary Fund embarks on a second round of reforms to give developing countries more say in the institution, the World Bank signalled on Wednesday that it was ready to go the same route.
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IMF to pursue internal reforms, World Bank to follow

An agreement to boost the voting power of emerging nations in the International Monetary Fund is just the start of a difficult process, the IMF's head said on Wednesday, as the World Bank signaled it was ready to go the same route.
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Top Banks Launch Rival Share Trading Data System

A group of nine of the world's biggest investment banks said on Tuesday they planned to set up a new system for reporting share trades, bypassing the major European stock exchanges and ahead of new European securities regulations due to come into force later this year.
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Daewoo Electronics play hard to get, Videocon edgy

India's leading consumer goods manufacturer, Videocon, is within an arm's length to acquiring South Korea's third largest electronics company, Daewoo Electronics, but certain riders attached by the ailing company relating to its takeover may persuade the Indian company to give it a second thought.
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Sudan Set to Agree AU Mandate Extension

Sudan is expected to agree to an extended African Union peacekeeping mandate in Darfur when African foreign ministers meet in New York on Monday, a presidential adviser said.
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Gas prices fall on ample supply

Gas prices fell on Monday ahead of an expected inflow of extra gas from Norway later this week via the new Langeled pipeline.

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