U.K. & Ireland
Darling Said to Plan $3 Billion for Investments in U.K. Clean Energy Fund U.K. Chancellor of the Exchequer
Alistair Darling will propose this week a 2 billion-pound ($3
billion) fund to encourage corporate investment, said a person
with knowledge of the plan, an effort to spur the economy while
containing a record budget deficit.
Stocks Show Economy Revving in U.S. as Cyclical Companies Crush Telephones Retailers erased their stock market
losses since the collapse of Lehman Brothers Holdings Inc. and
transportation companies doubled in a year, signs the advance in
U.S. equities is just getting started.
Recovery Is Set to Be `Slow and Sluggish' With 1% Growth in 2010, CBI Says The U.K.’s economic recovery will
be “slow and sluggish” this year as consumers choose to save
more and spend less, the Confederation of British Industry said.
ICAP to Stop Offering a Full-Service Cash-Equities Operation; 114 Affected ICAP Plc, the largest interbank
broker, said it will close its money-losing cash equities
business and fire or reassign 114 employees after failing to
find a buyer or partner for the unit. Shares fell.
Shell, PetroChina Win Arrow Energy Ltd. With Sweetened $3.2 Billion Offer Royal Dutch Shell Plc and
PetroChina Co. agreed to buy Arrow Energy Ltd. after increasing
their offer to A$3.5 billion ($3.2 billion), marking China’s
entry to Australia’s coal-seam gas industry.
Standard Chartered Names V. Shankar Chief Executive of Middle East, Africa Standard Chartered Plc, the London-
based bank that makes most of its profit in emerging markets,
appointed V. Shankar as chief executive officer for the Middle
East, Africa, the Americas and Europe.
FTSE 100 Benchmark Retreats as Mining Shares Retreat; Shell, ICAP Decline U.K. stocks dropped, led by a
selloff in mining shares after an International Monetary Fund
official warned that economies will struggle to curb public
debt.
Prudential's Thiam Faces `Uphill Struggle' to Win Backing for Record Deal Prudential Plc Chief Executive
Officer Tidjane Thiam said the $35.5 billion purchase of AIA
Group Ltd. in Asia will ensure the company’s future. He may
struggle to win over investors more concerned with the present.
British Airways, Union Locked in Pay Dispute as Strike Enters Third Day British Airways Plc and the union
representing its 12,000 flights attendants are no closer to
resolving a dispute on pay and staffing levels as the
carrier’s first strike since 1997 enters its third day.
Air Pollution Kills 50,000 in the U.K. a Year, Committee of Lawmakers Says Air pollution from traffic and
industry kills as many as 50,000 people in the U.K. every year,
and the nation could face fines of as much as $450 million for
failing to meet European Union targets, lawmakers said.
Booze Ban Pits Pubs Against Church in Ireland's Good Friday Rugby Clash Flannery’s Bar in Limerick is
usually packed with fans on the day of the local Munster rugby
team’s games. The city-center pub will be empty next week for
one of the biggest fixtures of the year.
FEEDBACK
HOME
