 Government offers bailout to 7 debt-ridden NHS trustsLONDON - Seven National Health Services (NHS) trusts, including three in London, have been identified for a bailout from a 1.5 billion pounds government fund to relieve major financial pressures.
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| Sex in the city too noisy for neighbours Sex parties are attracting regular noise complaints from neighbours. Auckland Council environmental control team manager Mervyn Chetty told the Herald on Sunday his officers were being called to... |
| Greece says bank recapitalisation agreed, but issues remain ATHENS (Reuters) - Greece has agreed with euro zone partners on how to recapitalise Greek banks after a planned bond swap, but has yet to resolve issues related to labour reform and spending cuts in... |
| BT promises 'ultra-fast' 300Mb broadband Telecoms firm BT stepped up the pace of its broadband expansion today by promising "ultra-fast" speeds of up to 300Mb by next spring. Its current broadband speeds are closer to... |
| French Connection in profit alert French Connection, the fashion retailer, has suffered its second profit warning in less than three months after it was hit by weak retail sales over Christmas. The group said trading in... |
| Hungary seeks 15-20 billion euro IMF/EU credit line - official BUDAPEST (Reuters) - Hungary is seeking an international credit line of 15 to 20 billion euros (12.5 to 16.7 billion pounds), the secretary of state heading the prime minister's office, Mihaly... |
| Deutsche Boerse board member wants CEO out - paper FRANKFURT (Reuters) - Deutsche Boerse's chief executive Reto Francioni should step down following the collapse of its $7.4 billion (4.6 billion pounds) plan to merge with NYSE Euronext, a member... |
| Optimism remains in new housing market research Endless gloomy headlines on the state of the housing market have not entirely dampened optimism around the sector, according to new research. The report, from Halifax, will come as a boost to... |
| Service sector optimism wards dampens fear of double-dip recession HOPES that the UK economy can avoid a double-dip recession were given a boost yesterday after new figures revealed a record rise in optimism in the service sector. The closely watched Markit/CIPS... |
| Iceland makes top-250 list of world’s biggest retailers WELSH retailer Iceland has made the list of the world’s 250 biggest retailers. The Deeside-based company came in at number 217 in the league table in Deloitte’s Global Powers of... |
| 27 jobs lost as bottle recycler goes into administration A MAJOR recycling business has gone into administration with the loss of 27 jobs. David Hill and Peter Dewey, partners in the Cardiff office of Begbies Traynor, have been appointed to oversee... |
| Bankers are paid too much, says RBS chairman BANKERS’ pay is too high and needs to be ';corrected';, the chairman of the Royal Bank of Scotland Sir Philip Hampton said yesterday. But Sir Philip said that, relative to other... |
| Financial expert claims that eurozone crisis is ‘probably now behind us’ THE ';crisis'; in the eurozone is probably now behind us, according to a leading market expert. Speaking on a visit to meet investors in Cardiff, Mike Lenhoff, chief strategist at Brewin... |
| Goldman Sachs chief executive handed $7m stock bonus Stephen Foley is Associate Business Editor of The Independent, based in New York. In a decade at the paper, he has covered personal finance, the UK stock market and the pharmaceuticals industry, and... |
| Another day and another deal in the pipeline Misys, whose kit is found in banks and financial services firms across the world, is discussing a deal with Swiss counterpart Temenos. The deal followed the50bn tie-up plans of Glencore and... |
| BT profits soar despite a dip in revenues BT shares yesterday rose 4 per cent to a three-and-a-half-year high as the telecoms giant boosted profits, despite another dip in revenues and some renewed concern over its pension... |
| French Connection in new profit alert French Connection, the fashion retailer, has suffered its second profit warning in less than three months after it was hit by weak retail sales over... |
| Nobu gets some rooms in Shoreditch It's not yet clear if there will be a broom cupboard in every room, but Nobu, the Michelin-starred restaurant where Boris Becker famously sired a daughter during a "five-minute thing"... |
| OFT closes down whole industry The companies target people by offering to buy their home and let them remain paying rent. But a damning report published by the Financial Services Authority yesterday showed that most sale and rent... |
| Ex-safety chief Castell to step down from board Sir William became chairman of BP's safety, ethics and environment committee in April 2008 - two years before the Deepwater Horizon rig explosion that resulted in 11 deaths.He relinquished that... |
| Investors demand big cut to bonus payouts at Barclays The anger over massive banker pay turned its focus to Barclays last night as it emerged that major shareholders had urged it to rein in bonuses this... |
| Miner may dig out Rothschild Financier Nat Rothschild faces the prospect of ejection from Bumi, the Indonesian coalminer in which he is a major shareholder and the... |
| Stephen Foley: Why are consumers gloomy? Because the Republicans tell them they are Stephen Foley is Associate Business Editor of The Independent, based in New York. In a decade at the paper, he has covered personal finance, the UK stock market and the pharmaceuticals industry, and... |
| Bank's QE decision in doubt after stronger than expected services data A remarkable bounce back for the UK's dominant services sector in January has left Bank of England policymakers facing a difficult decision next week over their monetary stimulus... |
| Anthony Hilton: There's a real headache in the true cost of paying for long-term care for elderly Andrew Dilnot, soon to be Warden of Nuffield College, Oxford, and one-time head of the Institute of Fiscal Studies, wrote a report last year on how society should handle the cost of the long-term... |
| US employment surge delights markets The FTSE 100 hit its highest level since July 2011 yesterday, finishing at 5901.07, after the announcement that some 243,000 non-farm jobs were created across America in January - considerably more... |
| U.S. data boost global equities By Luciana Lopez NEW YORK (Reuters) - Stocks surged and the dollar rose against the yen on Friday as news of a jump in U.S. job creation fuelled hopes for recovery in the world's largest... |
| Toronto strike looming after ‘threatening final offer’ from the city, union president says The Ford administration said it will impose conditions on workers and expect them to remain on the job if 11th hour talks with the union this weekend fail to bring about a deal. Canadian Union of... |
| Bakries, Tan seek to oust Rothschild from Bumi board By Clara Ferreira-Marques LONDON (Reuters) - Indonesia's politically connected Bakrie family and their shareholder partner in Bumi Plc (BUMIP.L) are seeking to oust financier Nat Rothschild and... |
| Swiss bankers' nerves fray after Wegelin indictment By Katharina Bart ZURICH (Reuters) - The first indictment of a Swiss private bank over hiding untaxed money for wealthy Americans has heightened tension among private bankers fearful of being next... |
| French Connection warns on profit again LONDON (Reuters) - British fashion group French Connection (FCCN.L) posted its second profit warning in less than three months on Friday, blaming poor trading in the key Christmas period. Shares in... |
| Euro under systemic risk, but can't fail - ECB Costa By Shrikesh Laxmidas and Sergio Goncalves LISBON (Reuters) - Failure of the euro is not an option but the euro zone needs to implement new measures decisively to reassure financial markets, ECB... |
| EU's Tajani backs business-friendly bank capital rules By Francesco Guarascio and Huw Jones BRUSSELS/LONDON (Reuters) - The European Commission favours loosening onerous capital rules to make it easier for banks to lend to small businesses, one of its... |
| London Markets: U.S. jobs data boost London’s FTSE 100 LONDON (MarketWatch) -- Britain's benchmark stock index climbed Friday, inspired by better-than-expected U.S. jobs data and signs that business activity is picking up in the U.K.'s services... |
| Glance-Earnings, US data lift FTSE to best week in 2 months surprisingly strong U.S. employment report offered further proof of a healthier global economy, enabling the FTSE-100 to post its biggest weekly gain in two months. The strong U.S. data added to... |
| The LWOT: Four plead guilty to London Stock Exchange plot Four British jihadists pleaded guilty on February 1 to an al-Qaeda-inspired conspiracy to detonate a bomb in the restrooms of the London Stock Exchange, while another nine men involved in the plot... |
| Ed Lester and the Student Loan Company tax scandal My latest video is about the story broken by the BBC that Ed Lester (Chief Executive of the Student Loans Company) is not taxed the way a Chief Executive should be. Video is... |
| Miliband attacks "corrosive" bank bonuses By Keith Weir LONDON (Reuters) - The opposition Labour Party is calling on banks to exercise restraint in the annual bonus round, warning on Friday that a culture of excessive bonuses has been... |
| BP's head of safety steps down LONDON (Reuters) - Oil giant BP said William Castell stepped down as the head of its safety committee in December and plans to leave the board in April as the reshaping at the top of the company... |
| U.S. job growth surges, jobless rate drops to 8.3 percent By Lucia Mutikani WASHINGTON (Reuters) - The U.S. economy created jobs at the fastest pace in nine months in January and the unemployment rate dropped to a near three-year low of 8.3 percent,... |
| EU to release new quarterly debt indicator BRUSSELS (Reuters) - The European Union's statistics office Eurostat will release quarterly debt figures by country from Monday as the 27-nation bloc steps up its economic monitoring two years... |
| Ryanair to open 26 Hungary routes after Malev grounded DUBLIN (Reuters) - Irish low-cost airline Ryanair announced 26 new routes from Budapest Friday in a move to capitalise on the grounding of Hungarian airline Malev over unpaid debts. Hungarian... |
| Taller buildings to revitalise the city Planning Minister John Rau is in the final stages of drafting a city development blueprint expected to significantly alter existing height, density and design guidelines set by Adelaide City Council.... |
| London Markets: U.S. jobs data boost FTSE 100 Investors appeared cautious ahead of the U.S.employment and payroll report for January, but stocks rose sharply in London immediately after the date... |
| Glance-Brighter outlook boosts FTSE but US data casts a shadow By Toni Vorobyova LONDON Feb 3 (Reuters) - Britain's top share index edged higher on Friday, bolstered by solid economic data and upbeat corporate reports, but concerns over a possible weak... |
