britain

Recalling luxury cars to fix faulty hood ornaments might sound like a joke, but ultra high-end automaker Bentley Motors isn't dismissing reports that its famous "flying B" metal emblem on some models may fail to collapse in a crash: It's fixing the problem in its $200,000-plus vehicles.

British bank Barclays PLC (BSC) appointed Robert Diamond Jr. as CEO, according to The Wall Street Journal. Diamond is currently the head of Barclay's investment banking business. He will replace John Varley, who will step down on March 31, The Journal reported. Sponsored Links Diamond, 59, has...

Campbell Soup Co. (CPB) may make a £1.5 billion ($2.3 billion) bid for the biscuit-making unit of British company United Biscuits. Campbell is interested in the biscuit business, which makes up around three quarters of the company, and is less keen on United Biscuits' snack unit, Reuters...

Dutch insurer Aegon announced it will restructure operations in Britain and look into strategic options for Transamerica -- its U.S.-based life reinsurance arm.

Britain, the last of the G7 nations still in recession, finally emerged from it during the last quarter of 2009, but barely. GDP grew by just 0.1%. Economists had expected slightly higher growth at 0.4%.

In a move that could be an indication of how the U.S. will handle the problem of banks deemed "too big to fail," the United Kingdom is forcing some of Britain's biggest banks to split themselves up. According to this article in the Washington Post, the Royal Bank of Scotland, Lloyds Banking Group...

Faced with the news that Britain is still in the midst of a recession, the government announced a new round of stimulus today. The Bank of England will add another 25 billion pounds ($41 billion) to the economy and keep its main interest rate at 0.5 percent for an eighth consecutive month. This...

For the first time, Internet advertising sales in the United Kingdom during the first half of 2009 eclipsed those of television ad sales, according to a new study from the Internet Advertising Bureau and PricewaterhouseCoopers. Internet ad sales increased by 4.6 percent to £1.75 billion, or...

Britain is moving toward a 50-pence-a-month tax on all fixed telephone lines to help bring next-generation broadband to the entire country.The small levy would establish an independent national fund to ensure "maximum next-generation broadband coverage" by 2012, when the Olympics come to London,...

Pound buyers faced losses after the S&P warned that it was cutting its outlook for the pound from "stable" to "negative." The pound lost two percent against the dollar and 1.5 percent against the euro. "We have revised the outlook on the UK to negative due to our view that, even assuming...