Easyjets annual profits sharply down as costs rise
London - Pre-tax profits at British budget airline Easyjet have fallen by 45 per cent to 110 million pounds (165 million dollars) in the financial year to the end of September, the airline said Tuesday. The firm said future economic conditions would ...

[ Published on : Tue, 18 Nov 2008 04:45 ]

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 ]

Woolworths chain in Britain faced with collapse - Summary
London - The Woolworths retail chain in Britain, which has had a presence on the High Street for nearly 100 years, is to file for administration, company sources said Wednesday. The collapse of the retail empire, which employs more than 25,000 staff ...

[ Published on : Wed, 26 Nov 2008 03:25 ]

British government to become major stakeholder in RBS bank - Summary
London - The British government is to become a majority stakeholder in the Royal Bank of Scotland (RBS) after shareholders failed to respond effectively to a cash-raising call. RBS, which is Britains second-largest bank, based in Edinburgh, has been...

[ Published on : Fri, 28 Nov 2008 10:26 ]

BA half-year profits nosedive in turbulent environment
London - Pre-tax profits at British Airways (BA) slumped by nearly 92 per cent to just 52 million pounds (83 million dollars) over the summer period - one of the bleakest on record the airline said Friday. Half-yearly profits between April and Sept...

[ Published on : Fri, 07 Nov 2008 12:40 ]