Rebound in UK retail sales signals solid second quarter
LONDON - Retail sales bounced back much more than expected in May, adding to evidence of accelerating economic growth in the second quarter and easing some of the pressure on the central bank to boost the economy.
U.S. stimulus fears, China slowdown sparks FTSE sell-off
LONDON - UK stocks were dealt a double-blow early on Thursday after the U.S. Federal Reserve signalled its intention to begin scaling back stimulus later this year, while data showed Chinese growth continued to wane.
Lehman Europe creditors to get further $5.5 billion payout
LONDON - More than 1,000 creditors of the European operations of failed U.S. investment bank Lehman Brothers will share a 3.5 billion pound ($5.5 billion) payout next week, its administrators said on Thursday.
Manufacturing firms less confident about future in June - CBI
LONDON - British factory orders barely picked up this month and firms grew less confident about the future, an industry survey showed on Thursday.
UK watchdog says Lloyds must raise 8.6 billion pounds capital
LONDON - Lloyds Banking Group must plug a capital shortfall of 8.6 billion pounds ($13.5 billion), Britain's banking regulator said on Thursday, a day after the government signalled plans to return the part-state owned lender to the private sector.
Ex-UBS trader Hayes appears in court on Libor fraud charges
LONDON - Former UBS trader Tom Hayes appeared in a London court on Thursday accused of conspiracy to defraud in connection with a global investigation into the Libor interest rate rigging scandal.
Euro zone business slump eases but second-quarter contraction likely - PMI
LONDON - The euro zone's private sector slump has eased more than expected this month, business surveys showed on Thursday, but a continued slide in new orders suggested a full recovery is still some way off.
Airbus pieces together air show order finale
PARIS - European planemaker Airbus sought to finalise a flurry of orders on Thursday to avoid a rare defeat to U.S. arch-rival Boeing at its domestic Paris Airshow.
German PMI surveys point to stagnation in second quarter
BERLIN - Germany's private sector eked out growth for a second straight month in June but new business slumped, a survey showed on Thursday, suggesting Europe's largest economy has failed to expand in the second quarter.
Dixons year profit up 15 percent on strong UK
LONDON - Dixons Retail , Europe's No. 2 electricals retailer, posted a 15 percent rise in underlying year profit, with sales growth in Britain and northern Europe offsetting falls in the austerity-hit south and at its PIXmania internet arm.
Don’t cry for me RBS
CEOs of banks come and go; however, the government stake in RBS makes this CEO particularly important.
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