Music company EMI reports 757-million-pound loss
London - British music company EMI reported a loss of 757 million pounds (1.2 billion dollars) in its first year as part of the private equity group Terra Firma, news reports said Saturday. Revenues dropped by 19 per cent to 1.46 billion pounds in th...

[ Published on : Wed, 29 Oct 2008 06:32 ]

Bank of England cuts rates by 1.5 per cent - Update
London - The Bank of England Thursday unexpectedly cut interest rates by as much as 1.5 percentage points to 3 per cent in the banks biggest single reduction ever, the bank said. The measure was welcome by business leaders who had been urging Britai...

[ Published on : Thu, 06 Nov 2008 08:39 ]

Marks Spencer ailing as British economy slows down
London - Britains leading Marks Spencer fashion and food retail chain Tuesday reported a 34-per-cent drop in half-yearly profits and warned that 2009 would be a tough year. Profits fell to 297.8 million pounds (470.5 million dollars) in the six m...

[ Published on : Tue, 04 Nov 2008 08:38 ]

BP reports huge profit rise in third quarter of 2008 - Summary
London - British Prime Minister Gordon Brown Tuesday called on energy companies to pass on the fall in oil prices to consumers as anger spread over a mammoth leap in quarterly profits for oil giant British Petroleum (BP). In its biggest-ever quarterl...

[ Published on : Wed, 29 Oct 2008 06:32 ]