EXTRA: Brown welcomes EDF energy takeover deal
London - Prime Minister Gordon Brown Wednesday welcomed the agreed takeover of Britains energy supplier British Energy (BE) by French group EDF as a significant step towards the construction of a new generation of nuclear power stations. The Britis...

[ Published on : Wed, 24 Sep 2008 11:32 ]

French EDF and British Energy agree on purchase deal - Update
Paris - Following months of negotiations, French energy giant Electricite de France (EDF) is to purchase British Energy Group after both boards agreed on a price, EDF said Wednesday in a statement. According to the agreed deal, EDF will pay 12.5 bill...

[ Published on : Wed, 24 Sep 2008 11:32 ]

Londons Gatwick airport up for sale
London - Londons Gatwick airport, the second biggest in Britain, will be sold to a new owner following a ruling by the competition commission, its present owners BAA said Wednesday. Several national and international firms are believed to be interes...

[ Published on : Wed, 17 Sep 2008 09:18 ]

French EDF and British Energy agree on purchase deal
Paris - French energy giant Electricite de France (EDF) is to purchase British Energy Group after both boards agreed on a price, EDF said Wednesday in a statement. According to the agreed deal, EDF will pay 12.5 billion pounds (15.6 billion euros, or...

[ Published on : Wed, 24 Sep 2008 09:31 ]

EXTRA: Lehman Brothers in Britain placed into administration
London - Lehman Brothers International (Europe) was placed into administration Monday, London-based accountancy firm PriceWaterhouseCoopers (PWC) said. PWC said it was working to wind down the business in as orderly a manner as possible. ...

[ Published on : Mon, 15 Sep 2008 03:30 ]

Tesco supermarket chain reports rise in profits
London - Britains leading supermarket chain Tesco provided a rare piece of good business news Tuesday by reporting a rise in half-yearly profits despite the tough retail environment. Tesco said group profits up to the end of August rose by 11.3 per ...

[ Published on : Thu, 02 Oct 2008 13:33 ]

Britain wants multibillion-pound fund for small businesses
London - British Prime Minister Gordon Brown said Saturday he would like to set up a multibillion-pound fund to help out small businesses amid the current financial crisis. Speaking as he left for a summit of European Union G8 leaders in France, Brow...

[ Published on : Sat, 04 Oct 2008 12:34 ]

ANALYSIS: Panic merger highlights crisis in City of London
London - The government-brokered rescue of Britains biggest mortgage lender HBOS has come as proof - if any was needed - that the City of London is at the centre of the storm that has engulfed the global economy and thrown international markets into...

[ Published on : Thu, 18 Sep 2008 02:35 ]

British government defends Lloyds TSB merger with HBOS - 2nd Update
London - Britains Lloyds TSB Bank is taking over ailing mortgage lender HBOS in what is seen as the biggest shake-up in the banking sector in the wake of the current international market turmoil. Chancellor of the Exchequer Alistair Darling said Thu...

[ Published on : Thu, 18 Sep 2008 10:34 ]

Britain nationalizes ailing mortgage lender to avert run - Summary
London - The British government intervened Monday to save major mortgage lender Bradford Bingley (BB) by taking it into public ownership and selling off its savings and deposits business. We have taken quick and decisive action to stabilize the b...

[ Published on : Thu, 02 Oct 2008 13:33 ]

Britains Lloyds TSB Bank in giant banking merger - Summary
London - Britains Lloyds TSB Bank agreed Thursday to take over ailing mortgage lender HBOS in a giant merger sparked by the escalating market turmoil following the collapse of US Lehman Brothers this week. The mammoth deal, backed by the government,...

[ Published on : Thu, 18 Sep 2008 03:36 ]