By Keith Weir Britain's Financial Services Authority (FSA) regulator should be abolished and the Bank of England put in full charge of supervising financial institutions, opposition Conservatives said on Monday. The proposals contrast with government plans to entrench the current tripartite system under which responsibility is shared between the FSA, the Bank and the Treasury
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By Matt Scuffham Britain's biggest pizza delivery chain, Domino's Pizza UK & IRL, said on Monday it expected to beat full-year profit forecasts as it reaped the benefits of sponsoring TV phenomenon 'Britain's Got Talent'. Shares in the company, which operates the UK and Ireland franchise of the global home delivery brand, were up 8.9
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Cyprus said on Monday it would keep up its block on Turkey opening its energy chapter with the European Union, accusing its neighbour of being a "bully" in a dispute with the island over oil exploration. Cyprus, which joined the EU in 2004, is at loggerheads with Turkey over its long-running division and over plans
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Minister of Foreign Affairs Marcos Kyprianou said on Monday that as long as Turkey is behaving like the classroom bully, Cyprus will not be able to give its consent to opening the chapter on energy in Turkey's EU accession negotiations. Replying to questions after a meeting in Nicosia with Spanish Minister of Foreign Affairs Miguel
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July 20, 2009, marks 35 years since the Turkish invasion and subsequent occupation of Cyprus' northern third. Today, Cyprus pays tribute to those killed during the invasion and those still missing, with memorials and other events in the government-controlled areas of the Republic. Air-raid sirens wailed at 0530 local time (0230 GMT), when the Turkish
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British shares climbed in early trade on Monday, on course to rise for the sixth straight day, tracking gains in Asia as a last-minute $3 billion rescue of U.S. CIT Group Inc lifted sentiment. By 0811 GMT the FTSE 100 rose 36.79 points, or 0.8 percent at 4,425.54, after posting its best weekly rise since
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The flow of lending to British firms fell at a slower pace in May and major lenders approved more mortgages in June, the Bank of England said on Monday, but analysts remained cautious about the outlook. The BoE's monthly Trends in Lending report showed net lending to UK businesses fell by 3.4 billion pounds in
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The flow of net lending to British businesses fell for a second consecutive month in May but major lenders approved more mortgages in June than the previous month, the Bank of England said on Monday. The BoE's monthly Trends in Lending report showed net lending to UK businesses fell by 3.4 billion pounds in May
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Oil rose above $64 a barrel on Monday, extending the previous session's rally, as equities firmed and the dollar fell on hopes of a global economic recovery. The market jumped 6.1 percent last week — its first weekly gain in a month — thanks to a series of positive economic data and a rally in
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World stocks built on an already robust performance from last week on Monday, climbing on better-than-expected corporate earnings results and a last-minute rescue package for troubled U.S. lender CIT. Asian shares outside Japan hit a 2009 high. European shares were up 1 percent. Foreign exchange traders moved into riskier currencies, sapping yen strength and taking
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