London City firms' senior workers expecting bigger bonuses - survey


LONDON - Senior workers in London's financial services sector are expecting on average a 21 percent rise in their bonus payouts for this year, despite pressure from regulators and lawmakers for payouts to be reined in, a survey showed on Monday.


UK firms expect to offer a bit more pay in 2015 - CBI 12:13am GMT

LONDON - British companies plan to cautiously relax their grip on pay in 2015, but rises will be limited by higher costs for holiday pay and workplace pensions, as well as weak productivity growth, the Confederation of British Industry said on Monday.


Britain weighs up oil industry calls for North Sea tax breaks 21 Dec 2014

LONDON - Britain is considering reducing the tax bill for oil explorers in the North Sea, including a proposal from the industry to halve rates, to help revive an area already in decline before the recent oil price falls, the Sunday Times said.


Britain lifts bird flu restrictions on duck farm 21 Dec 2014

LONDON - Britain on Sunday lifted restrictions on the movement of poultry in a six-mile (9.7-km) zone around a duck farm in northern England where the highly contagious H5N8 bird flu strain was found last month.


UK inflation plunge does not pose deflation risk - BoE's Miles 21 Dec 2014

LONDON - The sharp fall in British inflation does not pose a risk of deflation and there is no need to take more measures to stimulate the economy, a policymaker at the Bank of England said in a newspaper column on Sunday.


Scottish prosecutor says no reason to doubt Lockerbie bomber's guilt 20 Dec 2014

LONDON - No evidence has emerged that casts doubt on the conviction of a late Libyan intelligence officer for the Lockerbie airline bombing 26 years ago, says Scotland's top prosecutor.


UK public finances improve in November, helped by forex fines 19 Dec 2014

LONDON - Britain's public finances improved in November helped by fines paid by banks for a foreign exchange scandal, giving some respite to Chancellor George Osborne as he tries to show voters he can keep on bringing down the deficit.


Britain could allow women in army close combat role from 2016 19 Dec 2014

LONDON - Britain might allow women to fight in close combat roles for the first time from 2016, the defence secretary said on Friday, in a move that would bring the British army into line with some other Western forces.

British police arrest ex-RBS trader in currency probe-FT 19 Dec 2014

- A former trader from Royal Bank of Scotland was arrested east of London on Friday in connection with a criminal investigation into allegations that bank traders tried to manipulate currency markets, according a report in the Financial Times.


UK households to pay 1 billion pounds for backup power plants 19 Dec 2014

LONDON - British households will pay nearly 1 billion pounds to help guarantee the country's electricity supply in 2018/19, after a government auction determined who will provide backup power capacity.