All posts in Business News

Staff training

Wilmington secures deal with administrators and saves trading partner Millennium

UK training and information company Wilmington Group plc (LON:WIL) said on Friday it had bought its trading partner Millennium ADMP Ltd out of administrative receivership for the cash sum of GBP465,000 (USD736,000/EUR579,000). By rescuing this firm, Wilmington secures the continuing …

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Exports to China

UK government agrees £50m deal with China for British pork

A GBP50m deal to sell British pork to China was announced today by the UK government. Much of the exported pork will be parts of the animal that are

UK Housing Shortage

Housing groups call for government action to address possible UK housing crisis

The UK government needs to do more to tackling the country’s growing risk of a housing crisis, three housing groups warned today. A new report produced jointly by the

Apprenticeships

Six-month apprenticeship schemes need to be longer — MPs

Apprenticeship schemes should be at least a year long in order to benefit the individuals taking part and the businesses they work in, MPs said today. In a new

David Cameron and Obama in front of 10

Cameron urges Europe to contain damage from Greek crisis

British prime minister David Cameron has pledged do all that he could to secure the UK's financial system and is urging Europe to deal with its currency crisis. Yesterday,

Andrew Garfieldjpg

Facebook co-founder gives up US citizenship, saving millions in taxes

The co-founder of social networking giant Facebook, Eduardo Saverin, has decided to give up his US citizenship, a move which could save him millions of dollars

Gas Burners

E.ON sells gas grid to a Macquarie-led consortium for €3.2bn

German utility E.ON AG (ETR:EOAN) said it had agreed to sell its gas grid in Germany Open Grid Europe (OGE) to a consortium of Macquarie European Infrastructure Fund

European Central Bank

ECB refuses to refinance some Greek Banks — report

The European Central Bank (ECB) has decided to stop refinancing operations with a number of banks in troubled Greece, according to a Reuters report, triggering a

LNG Container Ship

EC gives oil majors the green light to take joint control of Angola LNG

The European Commission said on Wednesday it had given its consent to the deal by oil and gas companies BP plc (LON:BP) in the UK, Chevron (NYSE:CVX) in

Bank of England

Bank of England lowers UK growth forecast

The Bank of England announced today that it has lowered its forecast on the UK's economic growth for 2012 to 0.8% from 1.2% and said that inflation is

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