The City of London

UK financial regulator proposes overhaul of Libor system

Keeping the current system for setting Libor rates is not a viable option, an independent review said today. The government-commissioned Wheatley Review of the London Inter-Bank Offered Rate (Libor) was set up after Barclays plc (LSE:BARC) was fined GBP290m by […]

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Construction in London

Smaller decline in UK construction output points to GDP revision

Output in the UK's construction sector in the second quarter of 2012 slowed less than previously estimated, the Office for National Statistics (ONS) said today. As a result of


IBM interested in buying RIM’s enterprise services unit — report

Canadian Research In Motion Ltd (TSE:RIM), the maker of the BlackBerry smartphones, has been contacted by IBM (NYSE:IBM) with a preliminary proposal to potentially buy its enterprise-services unit,


Dixons increases its stake in PIXmania in a move to take full control of the firm

UK-based electrical retailer and services company Dixons Retail plc (LON:DXNS) said today it would take a further 22% stake in its 77%-owned unit PIXmania SAS for EUR10m (USD12.3m)


Private equity firms stalk Nike’s Cole Haan brand

US sports shoe and clothing group Nike Inc (NYSE:NKE) has received bids for its leather handbag and shoe maker Cole Haan from several parties including private equity firms

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