U.K. & Ireland
Tullett Prebon in Preliminary Talks Which May Lead to Offer; Shares Surge Tullett Prebon Plc, the British
inter-dealer broker led by Terry Smith, said it’s in talks about
a possible sale of the company.
Turner Says Regulators Shouldn't Rush to Ban Naked Sovereign CDS Trading Regulators and governments around
the world shouldn’t rush to ban speculation on sovereign debt in
the wake of the Greek financial crisis, the chairman of
Britain’s financial regulator said today.
U.K. Bank Profit May Slump on `Devastating' Rules, JPMorgan Analyst Says The profitability of U.K. banks
would be wiped out next year if all the regulatory changes under
discussion are introduced, according to a JPMorgan Chase and Co.
analyst.
London's Heathrow Airport Passenger Numbers Climb Most Since August 2007 London’s Heathrow airport had its
biggest traffic boost in 2 1/2 years last month as the economic
recovery buoyed demand for travel and snow-free runways allowed
more flights to operate than a year earlier.
Pound Weakens Versus Dollar, Euro After Manufacturing Unexpectedly Shrinks The pound weakened for a third
straight day versus the dollar and the euro, nearing the lowest
level against the U.S. currency in 10 months, as a report showed
U.K. manufacturing unexpectedly contracted.
Standard Life 2009 Profit Beats Analysts' Estimates as Pension Assets Rise Standard Life Plc, Scotland’s
biggest insurer, reported 2009 operating profit that beat
analysts’ estimates as pension assets under management climbed.
U.K. Stocks Advance; Benchmark FTSE 100 Index Rises as Banks, Miners Gain U.K. stocks advanced, led by gains
in shares of basic resources companies and banks.
Pink Floyd, Queen May Ditch EMI as Guy Hands's Buyout Mission `Implodes' Pink Floyd and Queen, bands that
have been with EMI Music for about four decades, may head for
the door, according to two people familiar with their talks, as
concern mounts about the U.K. record label’s finances.
EMI Music Says Chief Executive Leoni-Sceti to Step Down From Record Label EMI Music, the U.K. recording
company controlled by Guy Hands’s Terra Firma Capital Partners
Ltd., said Chief Executive Officer Elio Leoni-Sceti will leave
the company on March 31.
BA, American, Iberia Airline Alliance Commitments Tested by EU Commission AMR Corp.’s American Airlines and
British Airways Plc offered to cede at least four takeoff and
landing slots in London for flights to New York and three other
U.S. cities to win approval for their proposed alliance.
Brown Sets March 24 Budget, Reduces the Scope for an Election Before May 6 Prime Minister Gordon Brown said
his government will deliver Britain’s annual budget in two
weeks’ time, reducing his scope to hold an early election.
Thatcher's Adviser Tim Bell Says Tories Should Use Boom and Bust Promise Tim Bell, media adviser to former
Prime Minister Margaret Thatcher, said the Conservative Party
should do more to remind voters of the promise by the current
premier, Gordon Brown, of an economy free from boom and bust.
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