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British consumer morale and housing market cool in July

LONDON - British consumer morale dipped for the first time in six months in July and house prices stagnated, adding to signs that Britain's rapid economic recovery is cooling slightly.

Recent Business News

France's Iliad makes $15 billion bid to take control of T-Mobile U.S.

PARIS/NEW YORK - French telecoms company Iliad has made a surprise offer for T-Mobile US Inc, setting up a potential bidding war with rival suitor Sprint Corp, the U.S. mobile firm now controlled by Japan's Softbank.

Japan 7:56pm BST

Vinci sees H2 slowdown, pays special dividend

PARIS - Europe's biggest construction and concessions company, Vinci , warned it expects a slowdown in the second half of 2014, especially outside Europe, and a slight decrease in its revenue for the year on a like-for-like basis.

6:57pm BST

Balfour Beatty ends merger talks with Carillion

LONDON - British infrastructure company Balfour Beatty has terminated talks with Carillion over a possible 3 billion pound merger, only days after the deal was revealed.

8:21pm BST

EU watchdog gives warns banks on retailing CoCos

LONDON - Banks in the European Union should think hard before offering consumers hybrid debt issues to bolster their capital cushion, the bloc's markets watchdog said on Thursday.

4:55pm BST

European court rules Russia must pay Yukos shareholders 1.9 billion euros

MOSCOW/STRASBOURG - Europe's top human rights court awarded shareholders in Yukos 1.9 billion euros (£1.50 billion) in damages on Thursday, a new blow to Russia days after some of the former oil company's shareholders won $50 billion in The Hague.

8:18pm BST
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