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Britain does not expect 50 billion pounds Brexit bill - Davis

LONDON Brexit minister David Davis said he did not expect Britain to have to pay 50 billion pounds to the European Union as part of the Brexit process and said the era of huge sums being paid to Brussels was coming to an end.

Recent Business News

FTSE makes modest gains, energy stocks support

LONDON British shares inched up on Thursday with energy stocks leading timid gains, trading without strong direction with ex-divs weighing.

10:30am BST

German, Spanish inflation ebbs, easing pressure on ECB

BERLIN/MADRID German and Spanish consumer inflation slowed more sharply than expected in March as oil prices slumped, data showed on Thursday, offering some respite to the European Central Bank as it faces pressure to wind down its monetary stimulus.

Spain 2:31pm BST

Fourth-quarter economic growth revised higher, boosted by consumer spending

WASHINGTON U.S. economic growth slowed less than previously reported in the fourth quarter as robust consumer spending spurred the largest increase in imports in two years.

2:28pm BST

Italy court acquits S&P and managers in rating downgrades case

TRANI, Italy An Italian court acquitted credit ratings agency Standard & Poor's and five of its former and current managers of market manipulation charges relating to past downgrades of the country's sovereign debt, a judge said on Thursday.

3:59pm BST

Westinghouse wins UK reactor approval from nuclear regulator

LONDON Toshiba's  Westinghouse, which filed for bankruptcy on Wednesday, has won approval for its AP1000 reactor design, Britain's nuclear regulator said on Thursday.

1:47pm BST

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