UK News


Ebolavaccine-012315.jpg The first batch of an experimental vaccine against the deadly Ebola disease is being shipped to Liberia. It is the fist time a potentially preventative medicine against the killer virus is available for therapeutic use, produced by British pharmaceutical and healthcare company GlaxoSmithKline (GSK)...

UKretailsales-012315.jpg British retail sales logged an unexpected growth in December, driven by food sales, while economists were looking for a decline after a rebound in November on Black Friday sales. The volume of retail sales, including automotive fuel, increased 0.4 percent month-over-month in December, but the growth was slower than the 1.6 percent rise in November.

Hutchison-O2-012315.jpg Spanish telecom operator Telefonica S.A. said Friday that it has entered into an exclusivity agreement with Hong Kong billionaire Li Ka-shing's Hutchison Whampoa Ltd. for the sale of its UK mobile business, Telefonica UK or O2, for 10.25 billion pounds in cash or about 13.5 billion euros. The exclusivity period will last several weeks, allowing both companies to negotiate definitive agreements.

employmentdata-030411_22Jan15.jpg American Express (AXP) has been the in the spotlight lately, following reports that the financial services firm is looking to cut more than 4,000 jobs this year. This is the latest in a recent run of major companies either cutting jobs or being rumored to be eyeing some workforce reductions. This includes big-name firms like Ebay (EBAY) and BP.

UK-unemployment-012115.jpg The U.K. unemployment rate fell to a six-year low in the September to November period but the fall in unemployment was the slowest since September 2013, data from the Office for National Statistics showed Wednesday. The jobless rate fell to 5.8 percent during the September to November period from 6 percent in the June to August period. Economists had forecast a rate of 5.9 percent.

BOE-012115.jpg The Bank of England's rate-setting body unanimously decided to leave the key rate unchanged for the first time since August after two policymakers abandoned their call for a rate hike. The Monetary Policy Committee, governed by Mark Carney, voted 9-0 to retain the base rate at 0.50 percent, the minutes showed Wednesday. Also, all members were in favor of maintaining the size of quantitative easin

SABMiller-012115.jpg British brewer SABMiller Plc. Wednesday reported higher group net producer revenue for the third quarter, but lager volume was down 1 percent, reflecting continuing volume weakness in China and in U.S. shipments.

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