UK

Bankers arrested in tax probe

Photo

LONDON - Several British bankers have been arrested as part of an investigation into alleged tax-related criminal offences, the country's customs and revenue service said on Sunday, including some from Royal Bank of Scotland.

British police arrest 5 at Murdoch's Sun newspaper

LONDON - British police threw Rupert Murdoch's scandal-hit News Corporation into fresh turmoil Saturday by arresting five senior staff at the top-selling daily The Sun in a probe into journalists paying police for tip-offs.

Business, David Cameron 11 Feb 2012

Fugitive wanted over 1993 British heist arrested in U.S.

KANSAS CITY, Missouri - Missouri police have arrested a man wanted in the United Kingdom in connection to a 1993 armoured vehicle theft and are holding him on a weapons charge, authorities said.

11 Feb 2012

UK to drop Merlin lending targets as SME loans lag

LONDON - The government will not extend a deal requiring banks to meet fixed lending targets to businesses, a Treasury source said, scrapping a scheme designed to revive ailing credit markets, which have been a barrier to economic recovery.

Business 10 Feb 2012

Rothschild loses "puppet master" libel case

LONDON - Financier Nathaniel Rothschild lost a libel case on Friday against a newspaper that depicted him as a "puppet master" who used his friendship with a European trade chief to impress a Russian oligarch and help close a business deal.

Gordon Brown 10 Feb 2012

Insight-Quebec's lessons for Scotland in how to pop the question

OTTAWA - For Brits grappling with the idea of Scottish independence, it may be worth looking across the Atlantic.

David Cameron 10 Feb 2012

Sky-high London apartments have matching price tag

LONDON - High-rise London homes cost an average 36 percent more than low-rise dwellings as the city's residential towers shake off a grim reputation earned in the 1960s, spurred by overseas demand, data from global property consultancy CBRE showed.

10 Feb 2012

Further cargo of British wheat destined for U.S.

LONDON - UK feed wheat is continuing to flow to the United States with a further cargo of around 50,000 tonnes due to be loaded in the next week to 10 days from a port on the east coast of England, market sources said on Friday.

10 Feb 2012

Giggs extends United contract for another year

MANCHESTER, England - Manchester United's 38-year-old midfielder Ryan Giggs has signed a one-year extension to his contract, the Premier League champions said on Friday.

Sports 10 Feb 2012

UK retailer Comet to axe 450 jobs

LONDON - Britain's No. 2 electricals retailer Comet said about 450 jobs will be axed as part of a plan to reduce its repairs service unveiled just a week after Kesa Electricals completed the sale of the business to private investment firm OpCapita.

10 Feb 2012