Labour Party hires Obama strategist for 2015 poll


LONDON - Labour Party has hired David Axelrod, the U.S. strategist who helped President Barack Obama win two presidential terms, to help with its campaign for the 2015 election, the party said on Friday.


Co-op laments worst year after 2.5 billion pound loss 17 Apr 2014

LONDON - Co-operative Group made a loss of 2.5 billion pounds in 2013, capping the worst 12 months in the mutual's 150-year history and ramming home the need for radical reform if it is to survive. | Video


Forty years on, bullying takes its toll on health and wealth 12:05am BST

LONDON - The negative social, physical and mental health effects of childhood bullying are still evident nearly 40 years later, according to research by British psychiatrists.

Britain mulls tighter rules on arms exporters 17 Apr 2014

LONDON - Britain said on Thursday it was considering tightening its rules governing the sale of weapons overseas by drawing up a public register of approved arms brokers.


Fed bond buying twice as effective on growth as BoE's - research 17 Apr 2014

LONDON - Bond purchases by the U.S. Federal Reserve have been twice as effective at boosting economic output as those by the Bank of England, research by a Bank policymaker showed on Thursday.

Manuscript of Rachmaninoff's Symphony No. 2 set for London sale 17 Apr 2014

LONDON - An autograph manuscript score of Sergei Rachmaninoff's Symphony No. 2 that had been presumed lost for half a century will be sold at auction in May, Sotheby's said on Thursday.


Barclays reorganises management of investment bank 17 Apr 2014

LONDON - Barclays announced a number of promotions in its investment bank's management on Friday as it continues a review of the division that contributes about half of group profit.


James Murdoch joins board of ad platform company 17 Apr 2014

- James Murdoch, the co-chief operating officer of 21 Century Fox, is joining the board of digital advertising platform company True(X) Media, the company said on Thursday.


RBS review finds no evidence of fraud in UK business lending 17 Apr 2014

LONDON - Royal Bank of Scotland said on Thursday that an independent review by law firm Clifford Chance had found no evidence that it set out to defraud its business customers.


Mulberry sees rocky road ahead as it reverts to lower-priced handbags 17 Apr 2014

LONDON - Britain's Mulberry could take up to two years to return to profit growth after deciding to scrap an unpopular push into higher-priced handbags and return to more affordable luxury, its acting head said on Thursday.