UNITED KINGDOM

UTV says outperforms rivals

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Northern Irish broadcaster Ulster Television Plc, which has been in merger talks with Scottish based media company SMG Plc, said it had outperformed rivals during its first half.

H&R Block cuts rates on tax refund loans

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After a barrage of lawsuits accusing it of overcharging customers, H&R Block Inc. on Thursday said it will slash fees on loans to people waiting for tax refunds.
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OFT criticised for LME ban

The Office of Fair Trading (OFT), Britain's competition watchdog, has been heavily criticised by an appeals tribunal for a ban it imposed on the London Metal Exchange extending trading hours.
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Tanigaki mum on topic of forex talks at G7

Japanese Finance Minister Sadakazu Tanigaki said on Friday that G7 financial heads would discuss exchange rates when they meet in Singapore on September 16, but he declined to say if the yen would be at the center of those talks.
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Watchdog takes on current account charges

The Office of Fair Trading will look at bank charges for customers who overdraw their accounts after winding up a months long probe into penalties for the late payment of credit card bills.
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World Bank sees offgrid energy projects a boon

Investments in offgrid energy generation projects are the quickest way to get electricity to the 1.6 billion people in the world without lights, a World Bank official said on Wednesday.
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Financial impact of Blair woes probably short-lived

The pound has fallen on uncertainty about Tony Blair's remaining tenure as British prime minister but any longer-term impact on UK assets should be short-lived if finance minister Gordon Brown replaces him.
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Carphone fined over insurance

Carphone Warehouse has been fined 245,000 pounds over failings in its sales of mobile insurance over the telephone.
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FTSE falls as Tomkins hits construction

The FTSE 100 fell on Thursday, led by a sharp decline in the construction sector and amid lingering fears that the Bank of England may put up interest rates at noon.
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Investor activism not welcome globally

The investing world today may be a global marketplace, but not every country is playing by the same set of rules when it comes to shareholder activism.
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Drax leads FTSE lower

Shares fell on Wednesday, led by Drax Group, amid new fears that the Bank of England may, contrary to expectations, raise interest rates on Thursday after its two day meeting.
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Gallaher Says First-Half Profit Up

Gallaher Group PLC, Britain's second largest tobacco company, said first half profit rose 17 percent as the company benefited from rising sales in eastern Europe.
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Baugur eyes Woolworths -paper

Confectionery to DVDs retailer Woolworths Group Plc could be broken up under a takeover plan devised by Icelandic investor Baugur
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Gallaher weathers tough markets

Tobacco company Gallaher Group Plc posted a 4 percent rise in half year profits on Wednesday and forecast an improving second half
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FTSE eases in sluggish trade

Shares edged down on Wednesday, with electrical goods retailer DSG International among the biggest losers after a muted trading update
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DSG boosted by flat panel TVs

DSG International Plc increased like for like sales 5 percent in the first 16 weeks of its financial year on strong demand for flat panel TVs
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SunGard tops list of bidders for Misys: sources

U.S. software firms SunGard Data Systems and Fiserv Inc top the list of suitors expected to submit bids for UK software company Misys by a deadline set for later this week, sources close to the matter said on Monday.

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