British economy grinds to standstill in second quarter
London - Britains economy came to a standstill between April and June, with zero growth, prompting new fears of recession, British media reported Friday. Official figures showed the worst second-quarter performance in 16 years. ...

[ Published on : Sat, 23 Aug 2008 09:00 ]

Massive Franco-British energy link-up fails
London - Energy giant British Energy has rejected a takeover bid worth 12 billion pounds (24 billion dollars) by French firm EDF which had been expected to carry out a massive renewal of nuclear energy plants in Britain, it was reported Friday. The d...

[ Published on : Mon, 18 Aug 2008 08:34 ]

British mortgage lender sees profits almost wiped out
London - A British mortgage lender due to be taken over by Spanish banking giant Santander reported a staggering 99-per-cent drop in pretax profits Friday for the first six months of this year. The Alliance & Leicester (A&L) bank, which last month se...

[ Published on : Mon, 18 Aug 2008 08:34 ]

Massive Franco-British energy link-up fails - Summary
London/Paris - A 12-billion-pound (24 billion dollar) takeover of energy giant British Energy by French firm EDF has fallen through because both sides apparently had second thoughts about the move, it was reported Friday. The financial conditions fo...

[ Published on : Mon, 18 Aug 2008 08:34 ]

British budget airline fined for flying faulty plane
London - A budget airline which flew a faulty jet from Liverpool in north-west England to New York after it had been struck by lightning was Monday fined 5,000 pounds (10,000 dollars) by a court in London. Globespan Airways Ltd, which trades as FlyGl...

[ Published on : Mon, 18 Aug 2008 08:34 ]

British Airways executives charged over fuel price-fixing
London - Britains competition watchdog, the Office of Fair Trading (OFT), Thursday brought charges against four past and present British Airways (BA) executives over price-fixing on fuel surcharges. The probe would be the first to threaten managers ...

[ Published on : Mon, 18 Aug 2008 10:57 ]

British Airways signs transatlantic joint business agreement
London - British Airways signed a joint business agreement with Spanish carrier Iberia and US American Airlines that is set to pave the way for a transatlantic joint venture, the airlines announced Thursday. The deal concerns flights between North...

[ Published on : Mon, 18 Aug 2008 08:34 ]

British Airways reports sharp profit fall over fuel costs
London - British Airways Friday reported an 88-per-cent drop in pre-tax profits in the last fiscal quarter to 37 million pounds (73.3 million dollars) as a result of rocketing fuel costs. The figure for the three months up to the end of June compares...

[ Published on : Mon, 18 Aug 2008 08:34 ]