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UK Oct. public sector borrowing rise more than expected

UK public sector borrowing rose more than expected in October, raising doubts over the coalition government's ability to meet its spending cut estimates.

Investec posts "strong" H1 operating results, AUM rises

Investec Plc, the specialist bank and wealth manager, posted a "strong" operational performance in the first half, with five of its six core businesses recording a substantial increase in earnings. Third party assets under management grew 4.9 percent to 77.8 billion pounds.

Royal prenup in the air?

Britain's Prince William and his long-time girlfriend Kate Middleton ended speculations about their future by announcing their engagement on Tuesday but triggered a new speculation over whether the couple will opt for a prenuptial agreement.

European Union car sales slump 16.6 pct in October

Registration of European passenger cars slumped by 16.6 percent in October against the numbers recorded in the corresponding period a year ago

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Rexam sees H2 results similar to H1

Beer can manufacturer Rexam Plc said trading for the period since July 1 has been in line with its expectations, and it expects second half results to be similar to those of the first.

Engineers work at the Nordex wind turbine factory hall in Rostock

Euro area reports trade surplus for September

The euroarea reported a trade surplus for the month of September, according to a report by Eurostat, the statistical office of the European Union.

Majestic Wine interim profits up 20 pct; lifts dividend

Majestic Wine Plc, UK's largest wine warehouse chain, reported a 20 percent rise in first-half pretax profit as sales rose on substantial increase in active customers, and the company lifted its interim dividend by 17.9 percent to 3.3 pence.

Electric cars to drive Israel to energy independence

Israel is expected to provide favorable environment for the companies which are planning to roll out electric cars.

Paracetamol use in pregnancy runs the risk of asthma in child

A team of U.K. scientists found evidence suggesting that the risk of childhood asthma associated with prenatal paracetamol exposure may depend on antioxidant genes in the mother.

Statue stands atop Grand Central Station in front of the MetLife building in New York

MetLife to stop selling Long-Term Care Insurance

MetLife Inc., the largest life insurer in the U.S., said it plans to discontinue the sale of new Long-Term Care Insurance (LTCI) coverage next year, citing ongoing financial challenges facing the LTCI industry.

Land Securities swings to H1 profit on valuation surplus

U.K. real estate investement trust Land Securities Group Plc swung to a pretax profit for the first half, helped by a valuation increase on its portfolio of 3.4 percent. Net assets per share rose 6 percent.

Arianna Huffington: A look at the winner in new online acquisition spree

Huffington launched the news site more as a commentary outlet and an alternative to other conservative news sites by inviting Arthur Schlesinger Jr. to blog, who would fax his blogs. That's not blogging, Arthur used to criticise her. Now with the takeover by AoL, Arianna will become a boss of the entire editorial content of AoL channels.