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UK NEWS

Call for Royal Mail to stay public

Moves by firms to suspend deliveries to snow-hit Scotland demonstrate the need to ensure Royal Mail stays in public hands, the Commons has heard.MPs...

Capital rejects US takeover bid

The owner of Lakeside and Metro shopping centres has rejected a proposed takeover bid from a US shareholder and accused the firm of attempting...

Virgin Atlantic fuels merger talk

Virgin Atlantic has fuelled speculation it could pursue a merger or tie-up after it said it had received "a number of lines of inquiry".The...

Spain debt fears hit bank shares

The threat of a ratings downgrade for Spain sent blue-chip banks lower on Wednesday and dragged the FTSE 100 Index back from Tuesday's two-and-a-half-year...

EU budget spending increase 2.9%

Next year's EU budget has been finally agreed - a controversial 2.9% spending increase in the midst of a Europe-wide recession and drastic national...

Government defends NHS reform plans

The Government has insisted it had listened to concerns about the scale and speed of its radical shake-up of the NHS.Unions, thinktanks and health...

High street sees big sales boost

The high street has enjoyed its strongest sales growth in eight years as shoppers look to beat January's VAT rise, the CBI has said.Despite...

Cable pledges to cut EU red tape

The Government has promised to cut European red tape to help British firms compete with continental rivals.Business Secretary Vince Cable promised to halt the...

FSA to publish RBS collapse report

The City regulator has bowed to pressure and said it hoped to reveal details of its inquiry into the collapse of Royal Bank of...

Firm fined £3m for Saddam kickbacks

A British engineering company has been fined £3 million by a court for paying illegal kickbacks to Saddam Hussein's regime to secure lucrative contracts.Weir...

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