Business NEWS

UK businesses favour more free trade but less integration in Europe

British businesses value free trade with other countries across Europe but are unsure about the value of deeper integration in the European Union, according to a new survey from the British Chambers of … Continue reading “UK businesses favour more free trade but less integration in Europe”


Thousands of professionals in the UK working part-time hours

Part-time work is not just for low level jobs, a new survey has shown. Timewise, a UK-based jobs website dedicated to professional part-time jobs, has found that one in ten part-time workers are … Continue reading “Thousands of professionals in the UK working part-time hours”


Concerns over London-listed miner ENRC’s Congo deals

A need for greater scrutiny of UK mining deals in the Democratic Republic of Congo (DRC) was highlighted on Tuesday by campaigners questioning the use of opaque off-shore companies to buy some of … Continue reading “Concerns over London-listed miner ENRC’s Congo deals”


Tesco sales down again in UK market

UK-based supermarket retailer Tesco plc (LSE:TSCO) announced today a further decrease in quarterly sales in its home market. The retail giant said that like-for-like sales in the UK, excluding petrol and VAT, declined … Continue reading “Tesco sales down again in UK market”


US-based IntercontinentalExchange tables final bid for London Metal Exchange

US futures exchanges operator IntercontinentalExchange Inc (NYSE:ICE) has made a final bid of GBP1.3bn (USD2bn/EUR1.6bn) to buy the London Metal Exchange (LME), according to a report in the Sunday Telegraph. Hong Kong Exchanges … Continue reading “US-based IntercontinentalExchange tables final bid for London Metal Exchange”


France’s Saint Gobain acquires UK insulation firm Celotex

French building materials and glass producer Compagnie de Saint-Gobain SA (EPA:SGO) announced on Friday it had agreed to purchase UK insulating foam producer Celotex Group Ltd, to enhance its presence in the particular … Continue reading “France’s Saint Gobain acquires UK insulation firm Celotex”


Vodafone and Telefonica to establish one shared grid in Britain

Mobile phone operators Vodafone and Telefonica (owners of O2) on Thursday jointly announced plans to establish one shared grid in Britain. The purpose of the new shared grid in the UK is said … Continue reading “Vodafone and Telefonica to establish one shared grid in Britain”


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 4, Infinity Investments, British Columbia … Continue reading “E.ON sells gas grid to a Macquarie-led consortium for €3.2bn”


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 the US, Italian Eni SpA … Continue reading “EC gives oil majors the green light to take joint control of Angola LNG”


Sainsbury’s reports growth in sales and market share in 2011

UK retailer J Sainsbury plc (LSE:SBRY) reported today a 6.8% increase in total sales for 2011 to GBP24.5bn and said that it outperformed the market and increased its market share. Profit before tax … Continue reading “Sainsbury’s reports growth in sales and market share in 2011”


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