News archive from 4 December 2013, page 12

Exclusive - EU Commission to fine banks 1.7 bln euros for benchmark rigging

"The total fine is 1.7 billion euros," the person said. If the figure is upheld, it would be the highest antitrust penalty ever imposed by the Commission, the EU's competition regulator. The benchmarks involved are the London interbank...

Reuters, 09:28 in Business

Business recovery eases in November as euro zone split deepens - PMI

Markit's November Eurozone Composite Purchasing Managers' Index (PMI), which monitors activity at thousands of firms across both the services and manufacturing industries, slipped to 51.7 from 51.9 in October. Still, that marked an improvement on an...

Reuters, 09:28 in Business
German Bunds fall after Spanish services PMI

German Bunds fall after Spanish services PMI

The data followed surveys showing an unexpected contraction in Spanish factory activity on Monday, and offered some relief after concerns that a potential slowdown in the euro zone economy could push inflation further below the ECB's target. Investors...

Reuters, 09:28 in Business
Japanese WW2 'Mega-Sub' Found Off Hawaii

Japanese WW2 'Mega-Sub' Found Off Hawaii

A World War Two Japanese "mega-submarine" lost when it was scuttled by US forces has been seen for the first time since 1946 after it was discovered off the coast of Hawaii. The 400ft I-400 Sen-Toku class submarine - the largest submarine...

FTSE holds steady as StanChart mutes early bounce

FTSE holds steady as StanChart mutes early bounce

Tesco rose 2.6 percent, adding the most points to the FTSE 100 index. It reported a decline in British sales but did not issue a profit warning, expectations of which had forced its shares 8.9 percent lower over the last 15 days. "To me the...

Reuters, 09:31 in Business

Firefighters tackle chimney blaze in Carlisle

Firefighters tackled a chimney blaze in Wigton Road in Carlisle this afternoon. Crews from Carlisle West station were called to the scene at around 4pm and used an aerial ladder platform to gain access to the chimney and put the fire out. The blaze...


BlackBerry interim boss in it for the long haul: Fairfax

Watsa earlier this year sought partners in a $4.7 billion bid to take BlackBerry private. But his company, Fairfax Financial, then opted for a lead role in a $1 billion note offering to provide the Canadian company with money to fund a turnaround....

2,700 homes at Swanpool in Lincoln move one step closer

2,700 homes at Swanpool in Lincoln move one step closer

The Western Growth Corridor has been earmarked as one of central Lincolnshire's three Sustainable Urban Extensions which will provide the area with an additional 18,000 homes before 2031. Although the 320-hectare site has been considered for...


Rapid growth in Britain's service sector eases in November - PMI

That was two points below the median forecast in a Reuters poll and a lower reading than any of the 24 analysts surveyed had predicted. The strength of this week's manufacturing and construction surveys, however, means Britain remains on track to...

Reuters, 09:38 in Business

British gas prices slide as Norwegian field production resumes

Production at Norway's Ormen Lange gas field, which feeds Britain's main gas import route the Langeled pipeline, resumed on Wednesday after an outage on Tuesday reduced gas inflows. Langeled flows are due to return to normal on Wednesday, while...

Reuters, 09:38 in Business
BBC boss turns Gary Lineker into Gabby Lineker

BBC boss turns Gary Lineker into Gabby Lineker

Dressed for BBC success: Gary Lineker in a Walkers crisps ad. Photograph: Nils Jorgensen/Rex Features The BBC is under pressure over the lack of female presenters in high-profile roles – but a senior executive may have gone too far when she told MPs...

Guardian, 09:45 in Showbiz

Cook keeps his cards close to his chest as England wrestle with Monty dilemma for second Test

Late on Wednesday morning, as England mulled their selection for a Test match rendered must-win by the events in Brisbane, Alastair Cook, Andy Flower, and the two bowling coaches - David Saker and Mushtaq Ahmed - stood over Adelaide's drop-in pitch...

Daily Mail, 09:48 in Sport
UK energy mix: Where does our power come from?

UK energy mix: Where does our power come from?

The energy we produce underpins pretty much everything we do. Without it, there would be no artificial light, no long-distance communication, no mass transport or large-scale manufacturing. Facebook and Twitter would not even exist. But how much of...

BBC, 09:49 in Business

Should Tesco 'go nuclear' with price cuts? Sales fall 1.5% at grocery giant as shoppers head to Asda, Lidl...

Tesco's drive to revive its fortunes in both the UK and abroad suffered a setback today with a new dip in quarterly sales. The world's third-biggest grocer revealed a 1.5 per cent slide in like-for-like sales but chief executive Philip Clarke said...


Bank of England airs concerns over potential UK housing market bubble

Concerns about a possible UK housing market bubble is leading the Bank of England to keep an eye on the affordability of mortgages and the lending policy of banks. Minutes from the November meeting of the Bank's Financial Policy Committee, published...


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