Lloyds shares to be sold, says HM Treasury
The Chancellor George Osborne announced on Wednesday that more Lloyds Banking Group shares will be sold to private ownership so that the government can...
Wonga caps loans at 0.8% per day, at FCA’s top limit
Wonga has capped its loans at 0.8% per day from 1%, which is the top rate the FCA’s new rules, which come into effect...
Baidu investing in Uber, entering car-booking market
Baidu Inc. is going to invest in Uber Technologies Inc., a move that will give the Chinese web services company a larger presence in...
Taxpayer bore whole risk from £10.5bn new train deal
The UK taxpayer bore all the £10.5 billion risk when the Department of Transport bought new trains for the Thameslink project and for the...
US implementing steep tariffs on solar products from China
The United States announced it will implement steep tariffs on solar products from China and Taiwan, according to a statement from the Department of...
UK grocery market recovers ever so slightly
The British grocery market grew by 0.1% in the 12-week period ending December 7th, a report by Kantar Worldpanel informed on Tuesday, following the...
Inflation plunges to 12-year low in UK due to oil price fall
UK inflation fell to 1% in November - a 12-year low - compared to 1.3% in October, the Office for National Statistics (ONS) reported...
BoE stress test, one bank fails, two scrape through, the rest pass
The Co-operative Bank, which nearly folded last year, failed the Bank of England’s debut annual bank stress test, while Lloyds Banking Group and Royal...
BT in talks to acquire UK’s largest mobile network, EE, for £12.5 bn
BT is in talks to acquire Britain’s largest mobile network group, EE, for £12.5 billion. The period of exclusivity is said to last several...
Olam Intl acquiring ADM’s cocoa business for $1.3 billion
Olam International Ltd is going to acquire Archer Daniels Midland Co's cocoa business for $1.3 billion, according to an announcement on Monday.
Through acquiring one...