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May's Conservatives gain parliament seat as rivals suffer setbacks


STOKE-ON-TRENT/WHITEHAVEN, England Prime Minister Theresa May's Conservatives secured a landmark victory in a parliamentary by-election on Friday, strengthening her hand ahead of Brexit negotiations as her rivals suffered damaging setbacks.


Northern Ireland leader says rivals may force return to London rule 24 Feb 2017

OMAGH, Northern Ireland Irish nationalists may force a prolonged collapse of Northern Ireland's devolved government and a return to direct rule from London if they cannot agree a new government with unionists, the leader of the British province said on Friday.


Aston Martin's losses accelerate, new DB11 brings year-end surge to sales 24 Feb 2017

LONDON British luxury carmaker Aston Martin reported a sharp rise in losses on Friday, failing to turn a profit for the sixth year running, but said the launch of the DB11, its first new model since restructuring, caused sales to surge at the end of 2016.


Greek PM says bailout review to be concluded in March after 'honourable compromise' 24 Feb 2017

ATHENS Greek Prime Minister Alexis Tsipras defended a deal reached between Athens and its foreign creditors for further reforms in return for bailout aid, saying it was an 'honourable compromise'. | Video


Brexit prompts ship insurers to look at Luxembourg, Cyprus bases 24 Feb 2017

LONDON U.K.-regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus, fearing that Brexit will hinder access to the EU's financial market, industry sources involved say.

EU ministers 'bracing for battle' on carbon market reform 24 Feb 2017

BRUSSELS EU environment ministers are bracing for a tough debate on Tuesday to find a compromise on reforms to the carbon market, EU sources said, with nations split over how to balance climate ambitions with protection for energy-intensive industry.


On visit to London, Peugeot boss offers reassuring words on Vauxhall plants 24 Feb 2017

LONDON The head of French carmaker PSA played down the threat to British factories when he discussed the potential takeover of GM's European operations with union officials and politicians in London on Friday.

UK minister says assured by Peugeot CEO of commitments to UK plants 24 Feb 2017

LONDON Britain's business minister Greg Clark said he discussed with the chief executive of Peugeot the firm's approach to expand production, rather than close plants, as the French carmaker explores taking over GM's Vauxhall and Opel brands in Europe.

Germany says unsure of Trump trade stance, but keen for U.S. talks 24 Feb 2017

BERLIN Germany does not yet have a full picture of the approach U.S. President Donald Trump's administration is taking on foreign, security and trade policy but is keen to engage with Washington on these issues, a Foreign Ministry spokesman said on Friday.


Bundesbank official warns London banks against post-Brexit tricks 24 Feb 2017

LONDON UK-based banks that want to operate across the European Union after Brexit must set up genuine operations, not 'empty shells' in EU countries, a Bundesbank official said on Friday.

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EU relieved but wary after Trump endorses it as 'wonderful'

BRUSSELS When Donald Trump called the European Union "wonderful" and said he was "totally in favour of it", some Brussels officials feared the headline was a hoax, given the U.S. president's earlier apparent disdain for the bloc. | Video

Sour grapes? Not if the central bank has your back

FRANKFURT Devastated by the collapse of its iconic wine industry over a century ago, France may have inadvertently discovered the ideal way for central banks to aid an economy in crisis - open up the purse strings.


Italian financial mega-deal off as Intesa ditches Generali plan

MILAN Italy's biggest retail bank Intesa Sanpaolo abandoned plans to join forces with the country's largest insurer Assicurazioni Generali on Friday, saying a tie-up would not create value for its shareholders.

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