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Updated: 22 hours 31 min ago

BT chooses EE over O2 in 12.5 billion pounds mobile deal

Mon, 15/12/2014 - 19:20
LONDON (Reuters) - BT has entered into exclusive talks with Orange and Deutsche Telekom to buy EE for 12.5 billion pounds, opting for the country's biggest mobile operator over rival suitor, Telefonica's O2.

Holcim, Lafarge secure EU approval for cement merger

Mon, 15/12/2014 - 18:27
BRUSSELS (Reuters) - European Union antitrust regulators on Monday approved the proposed merger of France's Lafarge and Swiss peer Holcim to create the world's biggest cement maker after they promised to sell a swathe of overlapping assets.

FTSE hits 18-month closing low as commodity stocks sink

Mon, 15/12/2014 - 17:50
LONDON (Reuters) - The FTSE 100 ended at its lowest closing level in nearly 18 months on Monday as commodity stocks surrendered early gains and fell sharply after a retreat in oil and metals prices.

EU regulators okay BP to acquire Statoil Fuel and Retail Aviation

Mon, 15/12/2014 - 17:46
BRUSSELS (Reuters) - European Union competition authorities gave conditional clearance on Monday for oil major BP to acquire jet fuel business Statoil Fuel and Retail Aviation (SFRA).

Oil extends losses after early rally as OPEC stays on output

Mon, 15/12/2014 - 17:24
NEW YORK (Reuters) - Crude prices came under renewed pressure on Monday, and Brent hit five-year lows of nearly $60 (38 pounds) a barrel after producer group OPEC said it would stick to its decision not to cut output despite fears of a world awash in oil.

Lehman trustee petitions U.S. Supreme Court over Barclays dispute

Mon, 15/12/2014 - 17:22
(Reuters) - The trustee handling the liquidation of the brokerage unit of Lehman Brothers Holdings Inc filed a petition with the U.S. Supreme Court on Monday seeking review of the business's cash assets awarded to Barclays Plc .

ECB should begin bond buys quickly if inflation stays low - Visco

Mon, 15/12/2014 - 16:58
ROME (Reuters) - Italy's central bank chief called on Monday for the European Central Bank to begin large-scale bond purchases "rather quickly" if price pressures remain weak, adding that oil price falls would indeed push down inflation.

Banks set for first of new annual BoE health checks

Mon, 15/12/2014 - 16:26
LONDON (Reuters) - Britain's biggest lenders are waiting to find out if they have passed a new annual health check of their finances by the Bank of England (BoE), designed to avoid a repeat of the spate of bank bailouts which cost British taxpayers billions.

General Motors faulty-switch compensation claims rise

Mon, 15/12/2014 - 16:08
(Reuters) - General Motors Co has received 64 claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 2,326, according to the official administering the compensation programme.

Legoland operator Merlin puts blocks in place for growth

Mon, 15/12/2014 - 15:53
LONDON (Reuters) - Destined to form models of the Burj Khalifa and Tokyo Tower, 90 million toy bricks will be used in new Legoland Parks in Dubai, Japan and Korea by 2017, building blocks in British operator Merlin's expanding empire.

New EU insurance rules seen spurring deals

Mon, 15/12/2014 - 15:46
LONDON/FRANKFURT (Reuters) - New, stricter capital rules for Europe's insurers could spur takeovers and consolidation next year among the region's 5,000 insurers, after recent stress tests showed nearly one in seven would fail them, analysts and industry executives said.

China says to build 19.7 billion pounds worth of new infrastructure

Mon, 15/12/2014 - 14:57
BEIJING (Reuters) - China's economic planner has approved the construction of 192 billion yuan (19.7 billion pounds) of roads and an airport in the latest government effort to increase investment and support a slowing economy.

FCA bans former BlackRock manager for fare dodging

Mon, 15/12/2014 - 13:03
LONDON (Reuters) - A former BlackRock investment manager has become only the second person to be banned for personal dishonesty by Britain's financial watchdog after he was caught dodging fares worth 43,000 pounds on his daily commute into London.

Britain awards BAE Systems 270 million pounds torpedo upgrade contract

Mon, 15/12/2014 - 13:01
LONDON (Reuters) - Britain has awarded defence company BAE Systems a 270 million pound contract to upgrade the Spearfish Heavyweight Torpedo used by the country's submarines, re-engineering the weapon system to cut running costs.

BBC and ITV could charge fees to pay-TV broadcasters, Ofcom says

Mon, 15/12/2014 - 12:17
LONDON (Reuters) - British broadcasters including the BBC and ITV could be allowed to charge cable and satellite pay-TV companies for carrying their channels, the media regulator said on Monday, potentially pointing to a major funding change in the sector.

CBI factory orders growth hits four-month high, outlook brighter

Mon, 15/12/2014 - 12:08
LONDON (Reuters) - British manufacturing orders grew at the fastest pace in four months in December, according to an industry survey that pointed to a brighter outlook for the coming months.

Airbus says AirAsiaX places firm order for 55 A330neo

Mon, 15/12/2014 - 11:35
PARIS (Reuters) - AirAsiaX boosted its purchase of Airbus A330neo passenger jets as it placed a firm order for 55 of the revamped wide-body jets, the planemaker said on Monday.

Shuttered German Burger King restaurants to reopen this week

Mon, 15/12/2014 - 11:34
FRANKFURT (Reuters) - German Burger King restaurants that were shut down last month in a row between their operator and the U.S. fast food company will re-open this week, Burger King Germany said on Monday.

Bundesbank backs ECB line on possible further measures

Mon, 15/12/2014 - 11:12
FRANKFURT (Reuters) - Germany's Bundesbank on Monday echoed the European Central Bank's line on taking further stimulus measures to support the euro zone economy if needed, in a surprising show of support for ECB President Mario Draghi.

Fiscal policy moves have to accompany ECB action - Nowotny

Mon, 15/12/2014 - 10:37
VIENNA (Reuters) - European Central Bank measures to swell its balance sheet to spur the euro zone economy and avoid low inflation can work only if accompanied by fiscal policy steps, ECB policymaker Ewald Nowotny said on Monday, adding he saw no room to cut rates more.