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Floods hit southern Britain, power and water cut

Prime Minister Gordon Brown pledged more funds on Monday to tackle some of Britain's worst flooding for nearly 60 years as rising waters made thousands homeless and plunged entire towns under water.

Resolution, Friends Provident in merger talks

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Britain's Resolution and Friends Provident are in advanced merger talks to create a group worth almost 9 billion pounds, the two insurers said on Monday, rekindling hopes of consolidation across the sector.

Barclays lifts ABN offer with China, Singapore help

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British bank Barclays raised its bid for Dutch group ABN AMRO to 67.5 billion euros ($93 billion) on Monday, helped by some of the biggest ever overseas investments by China and Singapore. The bid still falls short of a rival $71 billion-euro bid from a group of European banks led by Royal Bank of Scotland.
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Moneysupermarket settles with rival in data row

Finance and travel price comparison Web site Moneysupermarket.com has paid a competitor almost 4 million pounds to settle a dispute over intellectual property, sources familiar with the situation told Reuters.
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Simpsons movie spotlights an enduring icon

In the Vermont town of Springfield nestled in a mountain valley, a banner decorated with images of pink doughnuts is festooned across Main Street, welcoming visitors to the 'Home of the Simpsons.'
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Dollar trades near record lows versus euro

The dollar eased slightly against most currencies on Thursday over concerns about the health of U.S housing market as investors eye the next Federal Reserve rate move.
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RBS group offers more cash in $98 bln ABN bid

The takeover battle for ABN AMRO heated up on Monday with the Royal Bank of Scotland consortium boosting the cash element of its 71.1 billion-euro ($98 billion) offer. The offer is above a rival all-stock bid from Britain's Barclays that is worth about 64 billion euros, which has been recommended by ABN's board.
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Dollar falls broadly, hits new lows vs high yielders

The dollar weakened against major currencies on Monday, plumbing fresh multi-year depths against higher-yielding units as bearish sentiment toward the greenback and the outlook for U.S. interest rates gripped markets.
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European traders brace for man vs machines war

European stockbrokers may find it hard to escape unscathed as sweeping regulatory changes lead to a boom in the use of high-tech systems designed to remove the human element from trading and radically reshape markets.
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Britain's Brown denies shift away from U.S.

British Prime Minister Gordon Brown denied on Friday a shift in foreign policy away from the United States after one of his ministers told an audience there that a country's strength depended on alliances not military might.
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India rescues Gandhi manuscript from Christie's Auction

The Indian government has rescued a rare manuscript of a letter Father of the Nation Mahatma Gandhi wrote 19 days before his assassination in 1948 from being auctioned by British auction house Christie's and has paid a confidential sum for it.
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Antisoma, Novartis drug fails in ovarian cancer

An experimental cancer drug from Britain's Antisoma Plc and Swiss-based Novartis AG has failed in a mid-stage clinical trial for ovarian cancer, lopping 15 percent off Antisoma's market value.
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Dutch court to rule on ABN's LaSalle

The Dutch Supreme Court will issue its ruling on ABN AMRO's suspended sale of its U.S. unit LaSalle on Friday and the decision could sway an acrimonious takeover battle for the Dutch bank.

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