Lloyd is compromised and Jamie is insufferable, so there’s an opening for Bob. Among the (very) small number of Wall Street chief executives who steered their firms intact through the financial crisis, there is a competition developing for who will be seen as the industry’s top dog.
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An opening for Diamond to become top dog on Wall Street
BELFAST (Reuters) - The British government’s austerity measures could cut Northern Ireland’s power to spend by a quarter and plunge it into a prolonged recession, First Minister Peter Robinson said on Tuesday.
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Northern Irish "face recession" due to UK cuts
LONDON (Reuters) - HSBC Holdings PLC said on Tuesday its Group chairman Stephen Green is stepping down to become Minister of State for Trade and Investment.
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HSBC confirms Chairman Green to step down
LONDON (Reuters) - Britain is falling behind other industrialised nations in the race to produce the highly skilled graduates needed to remain competitive in the world economy, an international survey of education found on Tuesday.
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UK falls behind in international graduate race
LONDON (Reuters) - Change swept through the top banks on Tuesday as Barclays said its investment banking supremo Bob Diamond will take over as group chief executive next year and HSBC was expected to announce later that its chairman is going into government.
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All change at banks, Diamond gets top Barclays job
There are a number of reasons to applaud George Osborne’s decision to dump the pre-Budget report, an announcement that is expected from the Chancellor shortly. Not least, a single annual Budget should ordinarily be sufficient for the Treasury to set out its plans – and now we are moving past the financial crisis, a second mini-Budget in the autumn is unnecessary.
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David Prosser: Scrapping the PBR now suits everyone, including George Osborne
LONDON (Reuters) - U.S. model and actress Jerry Hall is selling several works of art from her private collection, including a portrait by Lucian Freud, as a way of letting go of a past she shared with Rolling Stone Mick Jagger
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Jerry Hall to auction Freud portrait, Warhol
LONDON (Reuters) - A vicar who oversaw hundreds of sham marriages between African nationals and cash-strapped eastern Europeans to help migrants settle illegally in Britain was jailed for four years on Monday.
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Vicar jailed for sham marriage scam
Barclays announced today that it is to create up to 600 jobs in Scotland, providing a much-needed boost to the financial services industry. Related Stories Business Diary: From hero to (almost) zero Waterstone ‘keen to take back control’ of his bookstores Manufacturing stages a record-beating recovery New bank will be backed by Rothschild Further fall in new car sales
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Barclays to create 600 jobs
LONDON (Reuters) - Public sector job opportunities in IT have fallen markedly since the start of the year, a survey showed Monday, in a sign that the government’s austerity drive is already affecting the labour market.
LONDON (Reuters) - As commuters prepared for travel chaos on Monday at the start of a series of strikes on the London Underground, management and unions traded blows over new safety claims.
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London Tube commuters braced for travel chaos
AMSTERDAM (Reuters) - The Dutch painter Corneille, co-founder of the avant-garde Cobra movement, died on Sunday at the age of 88, the Dutch Cobra museum said on Sunday.
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Dutch painter and Cobra co-founder Corneille dies
LONDON (Reuters) - Entrepreneur Richard Caring is considering a counter-bid for British cafe and restaurant chain Carluccio’s, British newspaper the Mail on Sunday reported.
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Caring mulls counter-bid for Carluccio’s - report
CARDIFF (Reuters) - England play their first Twenty20 international on Sunday since claiming the World Cup in Barbados this year against a backdrop of suspicion and innuendo rather than celebration.
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England-Pakistan series opens with air of suspicion
LONDON (Reuters) - Two people died after a mid-air collision by two light planes during an air race over the Isle of Wight, police said on Saturday.
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Two die in mid-air light aircraft collision
LONDON (Reuters) - Nearly six million people are to be told they have paid the wrong amount of tax, and authorities will demand about 2 billion pounds more from hundreds of thousands of taxpayers, HM Revenue and Customs said on Saturday.
LONDON (Reuters) - The cost of car insurance has risen by almost a third in the past year, its biggest ever increase, as insurers seek to offset a sharp rise in claims expenses driven in part by fraud, AA Insurance said.
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Car insurance premiums jump 31 percent
LONDON (Reuters) - Land Securities is set to bring in Songbird’s Canary Wharf Group (CWG) as a partner to build a new skyscraper in London’s City financial district, sources close to the deal said on Friday.
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LandSecs to partner with CWG on London office - sources
LONDON (Reuters) - British customers of France Telecom’s Orange and Deutsche Telekom’s T-Mobile will be able to roam across each other’s UK networks from October, the new joint venture of the two companies said.
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Orange, T-Mobile UK roaming to start in October
LONDON (Reuters) - Liberal Democrat stalwart and former Rochdale MP Sir Cyril Smith has died aged 82, his party said on Friday.
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Larger than life Liberal Cyril Smith dies
LONDON (Reuters) - Fugitive businessman Asil Nadir appeared in court on Friday for the first time since returning to London last month, 17 years after he fled while awaiting trial on fraud and theft charges related to one of Britain’s biggest corporate failures.
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Tycoon appears in court 17 years after fleeing Britain
LONDON (Reuters) - Metro Bank, whose launch in July marked the birth of Britain’s first new high street retail bank in more than 100 years, said on Friday it was creating 100 new jobs.
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Metro Bank to create further 100 jobs
LONDON (Reuters) - Pension obligations of British companies have grown to “unprecedented” levels due to falling yields on government bonds, consultancy Aon warned on Thursday.
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UK firms’ pension liabilities hit new high - Aon
LONDON (Reuters) - Royal Bank of Scotland announced another wave of job cuts on Thursday as the part-nationalised bank continues with its drive to trim costs and improve its profitability.
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Royal Bank of Scotland to cut 3,500 jobs in UK
LONDON (Reuters) - Ofgem is launching an investigation into whether four of the big gas and power suppliers are mis-selling products to customers, the energy regulator said on Thursday.
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Utilities probed for mis-selling to households
LONDON (Reuters) - Foreign Secretary William Hague has denied rumours he was gay and said one of his male aides had quit over untrue speculation they had been involved in a relationship.
LONDON (Reuters) - House prices fell much faster than expected last month but further declines are likely to be modest, mortgage lender Nationwide said on Thursday.
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House prices fall in August - Nationwide
LONDON (Reuters) - Staff at Britain’s BBC voted on Wednesday to strike in protest against the state-funded broadcaster’s plans to reduce a large pension deficit by capping the growth of pensionable pay, unions said.
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BBC staff vote for strike over pension overhaul
LONDON (Reuters) - A doctor who cut a rugby player’s lip to disguise a fake injury during a European cup game and then lied about the incident has received a formal warning, Britain’s medical regulator said on Wednesday.
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Doctor in fake blood scandal given formal warning
LONDON (Reuters) - A special constable found guilty of assaulting an off-duty soldier while trying to arrest him was jailed for three years on Wednesday.
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Special constable jailed for soldier assault
LONDON (Reuters) - Adam Sandler’s new comedy “Grown Ups” has knocked Sylvester Stallone’s latest mercenary action movie off the UK box office top spot after just one week, according to Screen International on Wednesday.
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Adam Sandler’s "Grown Ups" knocks Stallone off top spot
EDINBURGH (Reuters) - Britain’s top annual comedy prize, the Foster’s Edinburgh Comedy Award, went to England’s Russell Kane at an Edinburgh Fringe festival ceremony on the weekend for his show “Smokescreens and Castles.”
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Comedian Russell Kane takes Foster’s award
LONDON (Reuters) - The exceptionally dry early summer months in Britain have revealed the ghostly outlines of several hundred previously unknown ancient sites buried in fields across the English countryside.
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Parched English fields reveal ancient sites
LONDON (Reuters) - Nearly half of the UK public has little confidence in local authorities as they face massive budgetary cuts despite being sympathetic to their plight, a poll by Zurich Municipal showed on Monday.
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Half public not confident in budget-cutting council - poll
LONDON (Reuters) - Mortgage approvals and consumer credit lending rose unexpectedly in July, but total net lending was its weakest since March, Bank of England figures showed on Tuesday.
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July mortgage approvals rise unexpectedly
The Government is set to reap almost £30 billion from its holdings in British banks which it bailed out at the time of the financial crisis, according to an analysis published today. Related Stories ‘Oxford English Dictionary’ may not be printed again Bank may impose tougher mortgage constraints Elderly ‘going hungry on NHS wards’ Airport car park blaze destroys 24 vehicles Plan to share aircraft carriers with France
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Government set for £30bn boost from bail-out
LONDON (Reuters) - Britain and France are getting ready to unveil plans to share aircraft carriers amid pressure on the British military to cut costs, the Times reported on Tuesday.
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Britain, France to share aircraft carriers - paper
HOUSTON (Reuters) - BP Plc delayed retrieval of the failed blowout preventer atop its ruptured Gulf of Mexico oil well this week because of bad weather, the top U.S. official overseeing the oil spill said on Monday.
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Bad weather delays retrieval of BP blowout preventer
LONDON (Reuters) - The world-famous British Museum was evacuated on Saturday after visitors reported eye irritation from what they thought was a chemical leak, officials said.
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British Museum evacuated after visitors complain of smell
LONDON (Reuters) - England manager Fabio Capello could be missing key players for the Euro 2012 qualifiers against Bulgaria and Switzerland after Frank Lampard was ruled out with a hernia and several other players injured Saturday.
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Lampard out of England squad, Zamora doubtful
LONDON (Reuters) - Frank Lampard will miss England’s Euro 2012 qualifiers against Bulgaria and Switzerland with a hernia problem that will need surgery next week, Chelsea manager Carlo Ancelotti said Saturday.
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Lampard out of England qualifiers
AMSTERDAM (Reuters) - Steelmaker Corus, owned by India’s Tata Steel, said it had reached an agreement with Thailand’s SSI over the potential $500 million sale of its mothballed Teesside plant.
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Corus and SSI agree scope of $500 million Teesside sale
LONDON (Reuters) - Planners have given London 2012 Olympic organisers permission to build a temporary water polo centre with an inflatable roof.
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Water polo venue for London 2012 to get inflatable roof
LONDON (Reuters) - Britain faces a new wave of attacks from poorly trained but highly motivated homegrown militants, as the al Qaeda threat shifts from big, sophisticated bomb plots to acts by individuals, a report said on Friday.
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UK faces new wave of homegrown attacks - report
LONDON (Reuters) - Use of weight-loss surgery has increased 10-fold in hospitals in England since 2000 and those who have gastric bands fitted can reduce their risk of early death and cut health service costs, scientists said on Friday.
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Surgery for obesity increases 10-fold in England
LONDON (Reuters) - The government has declared war on the profusion of unnecessary road traffic signs, railings and advertising boards, saying they blight towns’ English character.
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Britain being "overrun" by street signs
LONDON (Reuters) - The deputy prime minister on Thursday rejected a report by an independent and influential think-tank that said the government’s fiscal new measures will hit the poor hardest.
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Nick Clegg rejects budget criticism
LONDON (Reuters) - Net migration to Britain jumped 20 percent in 2009 but the increase was largely due to a fall in the number of UK citizens moving abroad, the Home Office said on Thursday.
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Net migration to Britain jumps 20 percent
LONDON (Reuters) - About 200 Alstom-Metro maintenance workers on London’s underground rail network will strike over pay, the Rail Maritime and Transport union said on Thursday, the second action announced this week by Tube workers.
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Alstom London tube staff to strike over pay - union
DUBLIN (Reuters) - Canadian Finance Minister Jim Flaherty said Ireland had a solid bank plan and was Europe’s leader in fiscal reform, warning not to take rating agency views such as S&P’s downgrade of Ireland this week too seriously.
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Canada finmin defends Irish policy after downgrade
LONDON (Reuters) - The deputy prime minister on Thursday rejected a report by an independent and influential think-tank that said the government’s fiscal new measures will hit the poor hardest.
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Clegg rejects budget criticism
LONDON (Reuters) - British scientists have created liver cells in a lab for the first time by reprogramming stem cells taken from human skin, paving the way for potential new treatments for liver diseases that kill thousands each year.
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Scientists create liver cells from patients’ skin
LONDON (Reuters) - Pope Benedict will be confronted by posters on London’s famous red buses during his trip to the British capital next month which will call for the ordination of women priests.
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London bus ads to back women priests during pope’s visit
LONDON (Reuters) - The home of a woman filmed picking up a cat and throwing it into a rubbish bin is under police guard in Britain after her actions sparked outrage from animal lovers and even death threats.
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Police guard for woman who put cat in bin
LONDON (Reuters) - The government unveiled a new look passport on Wednesday after it was redesigned to include strengthened security features and iconic images from across the nation.
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White cliffs to feature on new UK passport
LONDON (Reuters) - A man who worked for the Secret Intelligence Service MI6 has been found murdered at a flat near the agency’s headquarters, media said on Wednesday.
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MI6 worker found murdered in London
DUBLIN (Reuters) - Ireland’s financial headache worsened on Wednesday after Standard & Poor’s cut its credit rating in a move criticised by the country’s debt management agency.
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Ireland stung by S&P downgrade
LONDON (Reuters) - Britain’s coalition government’s June budget will hit the poor hardest, the Institute of Fiscal Studies said on Wednesday, directly contradicting finance minister George Osborne’s assertion that his plans are progressive.
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IFS says June budget will hit poor hardest
The UK operation of Zurich Insurance was fined a record £2.28m yesterday for losing the confidential personal details of 46,000 British customers. It is the highest fine levied by the Financial Services Authority on a single company for data security failings. Related Stories Channel 5 returns to Project Canvas fold BHP Billiton hopes jump in profits will help PotashCorp bid Double dip concerns send gilt yields to an all-time low Market insiders blame ‘fat finger failure’ for unusual stock swings WPP profits up a third following surprise ad market recovery
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Zurich UK fined £2m for data loss
LONDON (Reuters) - Britain’s biggest public sector trade union launched a legal bid on Tuesday to block the government’s planned shake-up of the health service, saying it had failed to properly consult the public about the changes.
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Union in legal bid to block NHS shake-up
BANGALORE (Reuters) - UK pawnbroker H&T Group posted a 71 percent jump in profit as it bought more gold from those who sold off the metal amid surging prices, and forecast full year above the top end of market expectations.
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H&T Group shines on gold buy, sees brighter days ahead
LONDON (Reuters) - British energy services firm Wood Group is gaining confidence on prospects for the next 18 months from a resumption in projects by oil companies, it said on Tuesday after suffering a 24 percent first-half profit drop.
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Wood Group confident on H2 as oil projects restart
LONDON (Reuters) - Britain’s healthcare cost agency NICE rejected Roche’s drug Avastin for advanced bowel cancer again on Tuesday, saying it was too expensive, despite a fresh price deal offered by the manufacturer.
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Roche’s Avastin again spurned by cost body
LONDON (Reuters) - Britain’s biggest pubs firm Punch Taverns said it expected full year earnings to be marginally ahead of its previous expectations, reflecting the benefit of pub refurbishments and good summer weather.
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Pubs group Punch says FY to be ahead of view
LONDON (Reuters) - Britain faces the risk of sliding into recession and the central bank’s growth forecast for this year and next may be too optimistic, a Bank of England policymaker was quoted as saying on Tuesday.
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Bank’s Weale says Britain faces recession risk - report
LONDON (Reuters) - Healthcare cost agency NICE rejected Roche’s drug Avastin for advanced bowel cancer again on Tuesday, saying it was too expensive, despite a fresh price deal offered by the manufacturer.
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Roche’s Avastin again spurned by NICE
LONDON (Reuters) - Major oil and gas leaks offshore Britain grew 39 percent last year and serious injuries also rose sharply, the safety watchdog said on Tuesday, warning companies to improve their safety standards.
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Oil and gas industry warned over rising leaks
LONDON (Reuters) - Britain’s tax authority will introduce reverse value-added tax (VAT) charges relating to carbon emissions trading from November 1, replacing a zero tax rate implemented last year to prevent fraud.
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UK to launch reverse VAT charges for CO2 trading
LONDON (Reuters) - A new reality TV show, which will film two people — one disfigured, the other attractive — living together in a house full of mirrors, has been branded a “freak show” by critics.
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Channel 4 reality show branded "freak show"
BANGALORE (Reuters) - British marine services provider James Fisher and Sons Plc posted a 4 percent rise in first-half pretax profit, driven by growth in its specialist technical unit, and raised its interim dividend by 5 percent.
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James Fisher profit up; raises interim dividend
LONDON (Reuters) - Natural disasters caused UK insurers Amlin and Hiscox to report a widely-expected slump in half-year profits on Monday, although both companies remained confident over their business models.
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Interim profits slump at insurers Amlin and Hiscox
DUBLIN (Reuters) - Irish building materials group Kingspan said on Monday it would resume paying an interim dividend after reporting a 9 percent rise in first-half operating profit, defying expectations for a 10 percent fall.
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Ireland’s Kingspan resumes dividend; profit climbs
LONDON (Reuters) - The lead singer of pop band Ou Est Le Swimming Pool jumped to his death after playing at a music festival in Belgium, authorities have confirmed.
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Ou Est frontman leaps to death at Belgian music fest
LONDON (Reuters) - Barclays said that a system crash that left thousands of customers in Britain unable to access their bank accounts or withdraw money from cash machines on Saturday had been fixed.
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Barclays says network problems fixed
LONDON (Reuters) - The lead singer of a British pop band has fallen to his death after playing at a music festival in Belgium, the Foreign Office confirmed Saturday.
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Singer dies in fall at Belgian music festival
LONDON (Reuters) - Paul the oracle octopus has become an ambassador for England’s bid to host the 2018 World Cup, officials said on Friday.
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Oracle octopus gets behind England’s 2018 World Cup bid
LONDON (Reuters) - Crystal Palace, who came close to folding earlier this year, came out of administration on Friday and can begin signing players, the English Championship (second division) club’s administrator confirmed.
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Crystal Palace come out of administration
LONDON (Reuters) - A BBC journalist has been charged with wasting police time over claims he made earlier this year that he had killed a former lover who was dying from AIDS.
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BBC man to be prosecuted over "lover killing"
LONDON (Reuters) - The government said Friday it was considering withdrawing benefits from those with drug or alcohol problems who refused to seek treatment.
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Government mulls stopping addicts’ benefits
LONDON (Reuters) - Jimi Hendrix’s central London home will open to the public next month to commemorate the 40th anniversary of his death.
LONDON (Reuters) - Distribution firm Stobart Group said it expected growth in the second half to be boosted by new contracts from drinks company A.G. Barr and new business with grocer Tesco.
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New contracts driving growth at Stobart Group
LONDON (Reuters) - The coalition government said on Friday it will introduce temporary bans on legal drugs that could be harmful to users.
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Government eyes temporary ban of "legal high" drugs
LONDON (Reuters) - Engineering and environmental consultant Waterman Group said its full-year profit would be at the lower end of expectations after writing off money owed by clients and paying office leases early.
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Waterman hit by concerns over unpaid bills
LONDON (Reuters) - Bradford council applied to the Home Secretary on Wednesday to ban marches through the city over the upcoming bank holiday weekend, amid fears that protests by a right-wing group and opponents could spill over into violence.
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Bradford seeks to ban right-wing and rival march
Manchester United new-boy Bebe has set himself the target of emulating fellow countryman Cristiano Ronaldo.
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Bebe wants to emulate Ronaldo at Manchester United
Liverpool defender Martin Skrtel has signed a two-year extension to his contract, the club announced this morning.
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Skrtel extends Liverpool deal
LONDON (Reuters) - A passenger remains in serious condition in hospital after being injured when a train struck a sewage tanker on a level crossing in eastern England, police said on Wednesday.
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Passenger still serious after Suffolk train crash
LONDON (Reuters) - British oil explorer Cove Energy said it can’t commercially exploit an oil find offshore Mozambique though it would undertake tests to see if other parts of the geological structure could produce sellable oil.
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Cove’s Mozambican oil find is uncommercial
LONDON (Reuters) - Britain’s trade unions launched an attack on public spending cuts to mark the coalition’s 100th day in office, setting the scene for an autumn battle with the government as it reveals where the axe will fall.
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Unions attack spending cuts on government’s 100th day
We’re all familiar with tales of impoverished university students who, having squandered all their money in the student bar in their first term, are left to survive on a diet of baked beans on toast for the rest of the year.
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How to have fun without ending up bankrupt
Lauren Clayton-Spencer, 19, studied art at Sheffield Hallam University.
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Budget clinic: learn to control your spending
A considered approach It’s worth taking a little time for contemplation before opening your new student account. The big banks and building societies will try to win you over with freebies, which may sound attractive in the immediate term – but remember that you’re likely to end up with your bank of choice for many years to come (perhaps, even, giving them lifelong loyalty).
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Get the best deal from your banking provider
LONDON (Reuters) - Three people were critically injured when a train struck a vehicle on a level crossing in Suffolk on Tuesday, Network Rail said.
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Three critical after Suffolk train crash
LONDON (Reuters) - Below are highlights from a speech on the economy by Chancellor George Osborne on Tuesday.
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Osborne’s economy speech in London
LONDON (Reuters) - Airport operator BAA offered ground staff a 2 percent pay rise plus a one-off payment of at least 500 pounds, averting strikes which had threatened to close major UK airports, the Unite union said.
LONDON (Reuters) - Police uncovered more than 6,800 cannabis factories in the last year, a report said on Tuesday, with farms found everywhere from disused cinemas to former banks as the recession led to more vacant buildings.
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Police find cannabis farms in old cinemas and banks
LONDON (Reuters) - Asda, Britain’s No.2 grocer, said the outlook to the end of 2010 remains challenging with UK families facing the lowest amount of disposable income in the final quarter for two years.
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Asda says UK consumer faces income squeeze
LONDON (Reuters) - British social housing and home care provider Mears reported a 42 percent increase in first-half pretax profit and said it was seeing unprecedented levels of opportunity in the public sector.
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Mears seeing unprecedented public sector demand
(Reuters) - British public relations and marketing services firm Freshwater UK PLC said its full-year pretax profit would be below market expectations as it was hurt by the government’s policy on the National Health Service (NHS).
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Freshwater warns on FY after NHS cutbacks
LONDON (Reuters) - Airport operator BAA and the Unite union have reached a deal to prevent a strike by ground staff at major UK airports this month, officials said on Monday.
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BAA, Unite reach deal to avert airport strike - Acas