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57 minutes ago WASHINGTON (Reuters) - The United States is reviewing a British proposal to guarantee interbank lending, a Treasury Department spokeswoman said on Friday.
Treasury spokeswoman Brookly McLaughlin said the White House has already commented..
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by Guy Jackson 1 hour, 46 minutes ago LONDON (AFP) - Troubled British bank HBOS, the country's biggest home loan provider, said Wednesday it was in advanced talks that could lead to a takeover offer by its domestic rival Lloyds TSB.
The move would crea..
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By John Bowker 21 minutes ago LONDON (Reuters) - Virgin Atlantic President Richard Branson said he was prepared to spend heavily to try to prevent a planned tie-up between British Airways, American Airlines and Spain's Iberia.
"If it is approved we bel..
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By John Bowker Wed Aug 20, 5:00 AM ET LONDON (Reuters) - Spanish builder Ferrovial (FER.MC) must sell three of the seven British airports it bought for 10 billion pounds ($18 billion) two years ago under a tougher-than-expected ruling on Wednesday.
Two..
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By TALI ARBEL, AP Business Writer 43 minutes ago NEW YORK - The release of U.S. retail sales and oil's turn up didn't halt dollar momentum Wednesday, and the rout of the British pound continued amid England's economic woes.
The 15-nation euro slid to $..
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Fri Jul 25, 10:39 PM ET LONDON (Reuters) - Four past and present British Airways (BAY.L) executives will be charged with fixing the price of passenger fuel surcharges on transatlantic flights, the Financial Times reported on Saturday.
In an unsourced r..
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Mon Jul 21, 6:50 AM ET LONDON (AFP) - Europe's main stock markets fell on Monday when the financial services sector was dampened by news of a disappointing rights issue from British home loan provider HBOS, dealers said.
By late morning, London's FTSE..
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2 hours, 9 minutes ago SYDNEY, Australia - Australia's Westfield Group Ltd. said Wednesday it has reached agreements with British government and Olympic agencies to start building a 1.5 billion pound ($3 billion) shopping mall in east London.
Westfield..
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By Gerrard Raven 55 minutes ago LONDON (Reuters) - A sharp rise in British retail sales pierced the global economic gloom like a rare shaft of sunlight on Thursday, but other developments showed that hopes that storm clouds would disperse were premature..
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Thu Jun 5, 6:35 AM ET LONDON (AFP) - British house prices tumbled 3.8 percent in May for the largest annual drop since April 1993, home loans provider Halifax said on Thursday.
Halifax, part of banking group HBOS, said in its latest monthly survey that..
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Fri May 2, 7:51 AM ET LONDON (AFP) - British house prices dropped 1.3 percent in April from March and also declined year-on-year for the first time in 12 years, the country's biggest provider of home loans, Halifax, said on Friday.
Halifax, part of ban..
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By Marc Jones 10 minutes ago LONDON (Reuters) - Even the most successful investors can get it horribly wrong, as reclusive British tycoon Joe Lewis has just found out.
The septuagenarian British billionaire currency trader last year built a stake appro..
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1 hour, 1 minute ago LONDON (Reuters) - The UK government has approached energy suppliers to see if they are interested in its 35.2 percent stake in nuclear power company British Energy Group Plc (BGY.L), the Financial Times reported on Saturday.
The n..
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by Roland Jackson 39 minutes ago LONDON (AFP) - British food-to-clothes retailer Marks and Spencer said Monday that chief executive Stuart Rose would remain at the company until 2011 but would become executive chairman in a management overhaul.
Rose wo..
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By Steve Slater and Clara Ferreira-Marques Mon Feb 4, 5:15 AM ET LONDON (Reuters) - Billionaire Richard Branson and two rival teams are set to pitch offers for ailing British bank Northern Rock (NRK.L) by Monday's deadline, as the government moves to re..
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Tue Jan 29, 6:58 AM ET LONDON (Reuters) - British sweets-to-DVDs retailer Woolworths Plc (WLW.L) said it had replaced management at its EUK wholesale unit, as an analyst said he expects the company to announce the renegotiation of its bulging debt short..
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45 minutes ago NEW YORK/LONDON (Reuters) - Boeing said on Thursday that British Airways finalized an order for 24 Boeing 787 Dreamliners, an order valued at $4.4 billion at list prices.
British Airways also has options for 18 more 787 planes and purcha..
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Tue Dec 18, 2:27 AM ET SHANGHAI (AFP) - Chinese banks will be able to invest client money in British stocks and mutual funds, China said after a striking a deal with the European nation's regulators.
Britain will become only the second overseas investm..
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1 hour, 22 minutes ago LONDON (Reuters) - Luqman Arnold, the former head of British banking group Abbey, has assembled a team and is emerging as a potential bidder for Britain's troubled mortgage bank Northern Rock (NRK.L), British Sunday newspapers sai..
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Tue Nov 6, 8:10 AM ET LONDON (AFP) - British retailer Marks and Spencer on Tuesday said it planned to open its first store in China after posting a 43-percent hike in net profits during its first half.
Profit after tax grew to 393.3 million pounds (564..
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