U.K. & Ireland
Stocks Rise for First Time in Five Days on Global Growth; Rio, Lonmin Gain U.K. stocks rose for the first time
in five days, led by basic-resources and financial companies,
after a jump in existing U.S. home sales added to signs the
global economy is recovering.
Lloyds Banking Group to Cut 570 British Jobs in Life, Pensions Division Lloyds Banking Group Plc, Britain’s
biggest mortgage lender, plans to cut about 570 jobs in its
life, insurance and pension division.
Cadbury Rises to Record on Speculation of Nestle Bid, Higher Kraft Offer Cadbury Plc rose to a record in
London trading after Nestle SA was said to weigh a takeover, the
Wall Street Journal said Hershey Co.’s controlling trust wants
the U.S. company to make an offer, and Reuters reported that
Kraft Foods Inc. may raise its bid.
Chi-X Europe, Alternative Trading System, May Name Alasdair Haynes as CEO Alasdair Haynes may be named chief
executive officer of Chi-X Europe Ltd., the region’s biggest
alternative trading system, according to three people familiar
with the situation.
British Would-Be Borrowers Resist Approved Bank Credit as Loan Demand Dips A year ago, as Britain’s property
market began to collapse, housebuilder Persimmon Plc owed 960
million pounds ($1.6 billion). Today, Chief Financial Officer
Michael Killoran has slashed that debt by 58 percent.
U.K. Companies Will Rely Less on Banks After Crisis, Business Lobby Says U.K. companies plan to rely less on
banks for credit in favor of funding from bonds and equities,
according to a survey for the Confederation of British Industry.
N.M. Rothschild & Sons Appoints UKFI's John Kingman as Managing Director John Kingman, chief executive
officer of the body charged with overseeing the U.K.
government’s stakes in banks, is to join the investment bank
N.M. Rothschild & Sons Ltd. as a managing director.
Aluminum Bubble-in-Making Concerns Mount as Global Surplus Seen Rising 29% Warehouses holding enough aluminum
to build 69,000 Boeing 747 jumbo jets are why Peter Sorrentino
says the most abundant metallic element in the earth’s crust is
too expensive.
Woman Who Sank Galleon Was Beauty-Queen-Turned-Analyst Allegedly With Tips Danielle Chiesi spent a lot of time
in hotel ballrooms and bars during the past decade.
Cameron Says Shrinking Deficit Is Key to U.K. Growth, Clashing With Brown British Conservative leader David
Cameron said curbing the budget deficit would be his
government’s highest priority if he defeats Prime Minister
Gordon Brown in elections next year.
Nomos Capital's Lowe Says He Sent Explicit Latin Poem to Woman as a Joke Nomos Capital Partners Ltd. founder
Mark Lowe said he sent a “robust” quotation of a Roman poet
to a woman seeking help finding a job as a light-hearted joke.
Engineers Assess Safety of 1,800 Bridges in Cumbria After Record Flooding Engineers are conducting safety
inspections on 1,800 bridges in northwestern England following
the region’s worst floods on record, while in southwestern
Ireland rains washed out roads and contaminated drinking water.
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