United Kingdom
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Wednesday, 3 December 2008
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| 1. |
RBS says govt to take 57.9 percent stake
Royal Bank of Scotland said the government will take a 57.9 percent stake in the group after investors took up just 0.24 percent of the shares offered in its state-backed capital raising.
28 Nov 2008 |
| 2. |
Latest data security breach probed
A computer memory stick containing passwords for one of the biggest public sector websites has been found in a pub car park, the latest Whitehall data security breach, the government said on Sunday.
03 Nov 2008 |
| 4. |
Brown wants EIB boost for lending
Prime Minister Gordon Brown called on Thursday for the European Investment Bank to boost lending to small businesses that are suffering because of the global credit crunch and looming recession.
30 Oct 2008 |
| 5. |
Just Retirement sales down 3.8 percent
Specialist life insurer Just Retirement reported a 3.8 percent drop in its third quarter sales, and said its capital reserves were strong enough to withstand a sharp increase in financial market turbulence.
24 Oct 2008 |
| 6. |
DSG to cut investment as trading conditions worsen
DSG International, Europe's number two electrical goods retailer, posted a big fall in first-half underlying sales and said it was cutting investment due to a "significant deterioration" in consumer confidence.
23 Oct 2008 |
| 7. |
Government acts to reduce home repossessions
Mortgage lenders will have to prove they have tried to help struggling homeowners avoid losing their property, under new rules brought in by the government on Wednesday aimed at reducing repossessions.
23 Oct 2008 |
| 8. |
Bernanke warms to second stimulus
Federal Reserve Chairman Ben Bernanke told Congress on Monday that another wave of government spending may be needed as the economy limps through what could be an extended period of subpar growth.
21 Oct 2008 |
| 9. |
Dutch state injects 10 billion euros into ING
ING became the latest European bank to seek government funding on Sunday, agreeing to a 10 billion euro (7.7 billion pound) cash injection as well as scrapping executive bonuses and its year-end dividend.
20 Oct 2008 |
| 10. |
Recession looms despite interventions
Government steps to shore up the banking system and unfreeze credit markets showed some signs of progress on Thursday, but grim news from major economies reinforced fears of recession and hammered global markets.
17 Oct 2008 |
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