News archive from 7 February 2012, page 11

UK High Streets Suffer Poor January Sales

UK High Streets Suffer Poor January Sales

The UK high street has had its second worse January since records began 17 years ago, figures from the British Retail Consortium have revealed. The value of retail sales dropped by 0.3% on a like-for-like basis during the first month of 2011, as...

 
Sir Paul McCartney to play Queen Diamond Jubilee gig

Sir Paul McCartney to play Queen Diamond Jubilee gig

Dame Shirley Bassey, Sir Elton John, Sir Paul McCartney and Brit-nominated Ed Sheeran will play at The Queen's Diamond Jubilee Concert in June. The event, which is a joint venture between the BBC and Gary Barlow, will take place near The Queen...

BBC, 11:50 in Art & Culture
 
Pro-Tymoshenko chants disrupt Ukraine's Yanukovich speech

Pro-Tymoshenko chants disrupt Ukraine's Yanukovich speech

About 10 deputies belonging to her Batkivshchyna party leapt to their feet, unfurling a banner bearing Tymoshenko's portrait, and began a drumbeat chant even as Yanukovich took his place at the rostrum to deliver the traditional speech. They kept up a...

 
Bank Bonus Watch: Who Could Receive £11.5m?

Bank Bonus Watch: Who Could Receive £11.5m?

Sky bonus watch - find out which bankers and executives have been given pay-outs, and who has turned them down. RBS - 82% owned by the taxpayer Boss: Stephen Hester Salary: £1.2m Bonus on offer: £1m - he turned it down after a public and political...

 
ArcelorMittal promises improvement after quarterly loss

ArcelorMittal promises improvement after quarterly loss

ArcelorMittal has reported a loss for the final three months of last year, but is forecasting better times ahead. Several one-off charges, including the closure of plants, resulted in a loss of $1bn in the fourth quarter. Weakness in Europe, where it...

BBC, 12:04 in Business
 
Exclusive home perched on a rock and surrounded by water goes on sale for £1m

Exclusive home perched on a rock and surrounded by water goes on sale for £1m

The three bedroom house was built on the top of Towan Island on the beach at Newquay, Cornwall, in the 1930s. When the tide is in the island is completely surrounded by water and from the top of the granite rock there are 360 degree views. Terracing...

 
Ai Weiwei to create underground design for Serpentine

Ai Weiwei to create underground design for Serpentine

Beijing Olympics designers Herzog & de Meuron and Al Weiwei have been commissioned to create this year's Serpentine Gallery pavilion. The trio will create 11 columns beneath the gallery's lawn in West London, each protruding from the foundation...

BBC, 12:13 in Art & Culture
 
GSK's R&D engine cranks up investment returns

GSK's R&D engine cranks up investment returns

Turnover in the final quarter of 2011 was 3 percent down from a year earlier at 6.98 billion pounds and earnings per share before major restructuring costs were 28.4 pence against a loss of 7.5p. Analysts, on average, had forecast sales 7.33 billion...

Reuters, 12:22 in Business
 
DAVIES AND FERRIS CITED

DAVIES AND FERRIS CITED

Wales lock Bradley Davies and Ireland flanker Stephen Ferris have both been cited for foul play during Sunday's RBS 6 Nations game between the countries in Dublin. Tournament organisers have announced the citings, which were made by match...

Daily Star, 12:30 in Sport
 
India economy: Growth 'to fall below 7%' for 2011-12

India economy: Growth 'to fall below 7%' for 2011-12

India's economic growth is likely to dip below 7% for the 2011-12 financial year, new government statistics show. The downward revision reflects the slowdown in mining, agriculture and manufacturing sectors. Only last week Prime Minister Manmohan...

BBC, 12:35 in Business
 
Lloyds to axe 990 jobs, part of earlier job cuts

Lloyds to axe 990 jobs, part of earlier job cuts

It added it would seek to redeploy staff where possible and that compulsory redundancies would be a last resort. Last June, chief executive Antonio Horta-Osorio announced plans to cut 15,000 jobs and halve Lloyds' international presence as part of a...

Reuters, 12:38 in Business
 
Cricket Australia pulls Hindi adverts amid tobacco link

Cricket Australia pulls Hindi adverts amid tobacco link

Cricket Australia has withdrawn Hindi advertisements displayed during recent games with India after warnings they could be promoting tobacco. Australia has prohibited tobacco advertising since 1992 and Cricket Australia could face a A$66,000...

BBC, 12:38 in Business
 
Suarez can provide missing spark for Liverpool after comeback, insists Johnson

Suarez can provide missing spark for Liverpool after comeback, insists Johnson

Johnson told the club's official website: 'Luis is a fantastic player and it was great to have him back out there. 'He's had a long break so hopefully he's refreshed and ready to put in lots of good performances for us.' The draw with Spurs was...

Daily Mail, 12:42 in Sport
 
Hearts football club faces action over unpaid tax

Hearts football club faces action over unpaid tax

Heart of Midlothian Football Club is facing fresh court action over unpaid tax. HM Revenue and Customs has given the Edinburgh club eight days to pay a tax bill or face liquidation. It is the fifth time in recent years that the club has faced legal...

BBC, 12:46 in Business
 
Watchdogs to drag shadow banks into the light

Watchdogs to drag shadow banks into the light

Spurred by this concern, the watchdogs are turning their attention to the fringes of the global financial system, where hedge funds and money market funds are filling the gaps left by retreating banks. "In America, increased financial activity is...

Reuters, 12:50 in Business
 


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