UNITED KINGDOM

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EU car sales fall in summer months

Sales of new passenger cars saw considerable percentage drops over the summer months, industry association ACEA said Thursday, as the phasing out of scrapping incentive schemes continued to take its toll.

Has Roche got the right medicine?

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Last summer, the leaders of some of the world's top drugmakers buttonholed Roche Chief Executive Severin Schwan and tried, unsuccessfully, to get him to change his mind.
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Suit maker Adrian Jules revives regal fashion

Adrian Jules, the American suit maker is reviving British fashion as worn by late Duke of Windsor Edward VIII - who famously said that brown hue is not a color to be worn in the city, but is more suited for the countryside.
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Poised for a risk rally?

With little fanfare, equity markets have started to rally, investors have become sated with government bonds and cash levels are high enough to prompt a search for better yield.
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U.S. jobs data lifts FTSE to 4-month closing high

Britain's leading share index hit a near four-month closing high on Friday after a better-than-expected U.S. jobs report eased concerns of the world's largest economy slipping back to another recession.
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FTSE hit more than 3-week high before US jobs data

Britain's leading share index hit a more than three-week high on Friday as the market looks beyond a weak employment picture in the United States after factoring in a soft patch in the pace of the economic recovery.
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Campbell Soup profit beats Street but sales light

Campbell Soup Co posted lower-than-expected quarterly sales and forecast sales growth for the new fiscal year below its long-term target as the world's largest soup company grapples with a weak economy.
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August services PMI falls to 16-month low

British service sector activity grew last month at its slowest pace since April 2009, with a marked fall in hiring as employers worried about an economic slowdown and public spending cuts, a survey showed on Friday.
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Metro Bank ahead of targets on new accounts

Metro Bank, Britain's first new high street retail bank in more than 100 years, said on Friday it was ahead of its own targets for new account openings at its flagship branch.
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Common bone drugs linked to esophageal cancer risk

People who take a commonly used class of osteoporosis drugs called bisphosphonates for more than five years may be doubling their risk of developing cancer of the gullet or esophagus, a British study found on Friday.
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Service sector spotlight shines on Germany, China

Global service sector surveys highlighted a growing divergence in economic recovery on Friday with a pick up in growth in China and Germany but slowdowns in Britain and Spain and an expected deceleration in the United States.
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Alcohol consumption suffers sharp slump

Alcohol consumption in Britain saw its sharpest decline in more than 60 years in 2009 in contrast to the perception that the country has a growing drink problem, the British Beer & Pub Association said on Friday.
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Metro Bank to create further 100 jobs

Metro Bank, whose launch in July marked the birth of Britain's first new high street retail bank in more than 100 years, said on Friday it was creating 100 new jobs.
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Pakistan trio face possible life bans

Pakistan test captain Salman Butt and opening bowlers Mohammad Amir and Mohammad Asif face possible life bans after they were charged on Thursday under the International Cricket Council's anti-corruption code.
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Hollywood receives record revenue

Hollywood is singing with record revenue despite registering a five-year drop in movie attendance. According to Hollywood box-office analyst Paul Dergarabedian, the profit went up $100 million up from last year.
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Accused Pakistan trio to miss one-day series

Test captain Salman Butt and bowlers Mohammad Amir and Mohammad Asif will miss Pakistan's one-day series against England after pressure from the English and international governing bodies.
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ICC advised Pakistan to sideline trio - source

Pakistan withdrew test captain Salman Butt and bowlers Mohammad Amir and Mohammad Asif from the tour of England on the advice of the International Cricket Council, a source in the team said on Thursday.
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Royal Bank of Scotland to cut 3,500 jobs

Royal Bank of Scotland announced thousands of new job cuts on Thursday as the part-nationalised bank continues with its drive to trim costs and improve its profitability.

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