UK is “on track” to meet annual deficit target, says Osborne
George Osborne said that the UK is “on track” to meet its annual deficit target.
The UK posted its biggest surplus since before the recession...
UK annual inflation fell to 0.3% in January from 0.5% in December
The UK’s annual inflation rate slid further to 0.3% in January from 0.5% in December and 1% in November, according to figures published by...
Fairfax acquiring Brit plc for £1.22 billion
Canada's Fairfax Financial Holdings Ltd will be acquiring insurance group Brit plc in a £1.22 billion deal.
Brit plc shareholders will be receiving 305p in...
CBI expects UK economy to expand by 2.7% in 2015
The Confederation of British Industries (CBI) lobby group now expects the British economy to expand by 2.7% this year, up from its previous forecast...
AIG posts lower than expected Q4 earnings
American International Group Inc (AIG) posted lower than expected earnings in the fourth quarter due to lower rates of interest and refinancing expensive debt.
The...
HSBC says a giant SORRY in UK Sunday newspapers for helping tax dodgers
London-based banking giant HSBC published a giant “SORRY” in several UK Sunday newspapers, offering its “sincerest apologies” for helping clients dodge tax at its...
Enjoy low rates, declining inflation and raise wages, says Mark Carney BoE Governor
In the Bank of England’s latest evaluation of the economy, Governor Mark Carney told British families to make the best of declining inflation, low...
Telecity $2.2bn acquisition deal with Interxion Holding in “cloud” tech move
Telecity Group plc, a London-based European carrier-neutral datacentre and colocation centre provider and Amsterdam-based, New York-listed Interxion Holding NV, have agreed on a non-binding...
Greece and EU heading for almighty head-on collision
With Germany and other EU lenders refusing to budge, and leftist Greek Prime Minister Alexis Tsipras announcing on Sunday that his country’s “cruel” austerity...
Grexit not if but when, says Alan Greenspan
The question now is not whether Grexit (Greece exiting from the euro) will occur, but when, says former Federal Reserve Chair Alan Greenspan, given...