PARIS (Reuters) - France’s Banking Commission on Friday fined Societe Generale 4 million euros (3.2 million pounds) for serious breaches in internal controls revealed by the French bank’s 4.9 billion euro rogue trading loss.
The price of oil falls slightly
on hopes Iran will react well to plans to resolve a dispute over its nuclear development….
Original Source: news.bbc.co.uk
BRUSSELS (Reuters) - The European Commission opened an in-depth investigation on Friday into BHP Billiton’s $170 billion (85.7 billion pound) unsolicited bid for rival miner Rio Tinto , with prices of iron ore already soaring.
LONDON (Reuters) - The blue-chip index ended lower on Friday during a relatively quiet session as banking stocks slipped following a bearish Goldman Sachs note and oil companies tracked softer crude prices.
LONDON (Reuters) - Marks and Spencer boss Stuart Rose, lauded for reviving the landmark retailer just a year ago, is battling to save his job after a big profit warning and bungled management changes.
LONDON (Reuters) - Marks and Spencer boss Stuart Rose, lauded for reviving the landmark retailer just a year ago, is battling to save his job after a big profit warning and bungled management changes.
PARIS (Reuters) - European stocks ended 1.2 percent lower on Friday, reversing the previous session’s tentative recovery as banks resumed their decline, hit by a negative note from Goldman Sachs on the sector.
LONDON (Reuters) - The Bank of England looks set to hold interest rates steady for the third month running next week as policymakers seem trapped between high inflation on one side and sharply slowing growth on the other.
The RAC Foundation is calling on the Treasury for a root and branch review of motoring taxation in the UK…
Original Source: news.bbc.co.uk
LONDON/MADRID (Reuters) - Pay-TV firm BSkyB is considering a bid of more than 2.5 billion euros (2 billion pounds) for Spanish pay-TV platform Digital+, the Financial Times said on Friday.
LONDON (Reuters) - World stocks slipped back towards this week’s five-month low on Friday as steadying oil prices failed to erase concerns about slowing economic growth and rising inflation, and as banking stocks came under renewed pressure.
Fight to have Adam Smith recognised in his home country…
Original Source: news.bbc.co.uk
LONDON (Reuters) - The blue-chip index fell nearly 1 percent by midday on Friday with banking stocks hit by a bearish Goldman Sachs note and miners tracking softer metals prices.
Where terrorists take most hostagesTHE dramatic freeing of Ingrid Betancourt and 13 other hostages in Colombia this week is a high-profile blow to the FARC, the left-wing guerrilla group tricked into releasing her after over six years. But although the FARC still holds 700 prisoners, hostage-taking in Colombia has fallen off in recent years. Of the 5,075 people kidnapped in 2007, only 138 were taken in Colombia. Nearly 1,600 were taken in Iraq, which has seen the most hostage-taking in recent years because of the increase in terrorist militia groups. Infighting between Hamas and the Palestinian Authority contributed to a big rise in kidnapping in the Gaza Strip in particular. …
Original Source:
LONDON (Reuters) - Mobile phone group Vodafone on Friday won a test-case tax battle which means it does not have to pay extra corporation tax to the government on its Luxembourg-based subsidiary.
SYDNEY/HONG KONG (Reuters) - BHP Billiton has matched takeover target Rio Tinto with a near doubling in contract iron ore prices, ending months of talks and speculation it may get more.
LONDON (Reuters) - Northern Rock, the government- owned bank, said it will not pay a dividend on 400 million pounds of preference shares owned by the Treasury, reflecting its priority to repay a Bank of England loan.
LONDON (Reuters) - Oil was near $145 a barrel on Friday, close to record highs reached in the previous session when traders bought into the market ahead of a holiday weekend in the United States.
LONDON (Reuters) - House builder Barratt Developments plans to cut around 1,000 jobs as it pushes for cost cuts to endure a rapidly worsening housing market, it said on Friday.
Suscribe