Council housing block

Expensive social housing should be sold to pay for new properties, think tank claims

Social housing in the most expensive areas of Britain should be sold off to pay for the construction of new social homes, a think tank claimed today. A new report from the Policy Exchange recommends that expensive council homes should […]

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London Rain

Wet weather keeps shoppers away from Britain’s high streets

There was a decrease in the number of shoppers visiting high streets, shopping centres and out of town retail parks across the UK in the three months to

HTC smartphones

Taiwanese handset maker HTC invests in US-based Magnet Systems

HTC Corporation (TPE:2498), a Taiwanese provider of wireless telecommunications devices, said today it had bought a 17.1% stake in US next-generation enterprise platform company Magnet Systems Inc for


British drinks giant Diageo in talks to acquire Jose Cuervo in $3bn deal

British branded premium alcoholic beverages group Diageo Plc (LON:DGE; NYSE:DEO) is negotiating a cash-and-stock deal worth some USD3bn (EUR2.4bn) for the acquisition of Mexican tequila brand Jose Cuervo

Seoul, South Korea

Korea Life considers walking away from deal to buy ING’s Asian life insurance unit

Korea Life Insurance Co Ltd, a unit of South Korean Hanwha Group (KRX:000880) may drop plans to further compete for the acquisition of Dutch

Modern Airport Interior

UK airport operator BAA to put Stansted Airport on the block

UK's BAA Airports Limited said today it will proceed with the disposal of London-based Stansted Airport Limited after deciding not to file an appeal to the Supreme Court

Beer foam

Dutch Heineken confirms higher bid for Asia Pacific Breweries

Dutch brewer Heineken NV (AMS:HEIA) said it had agreed a final, higher bid of SGD5.6bn (USD4.5bn/EUR3.6bn) for the direct and indirect stakes in Singapore-based peer Asia Pacific Breweries

Acropolis, Greece

Greece: A portrait of country in economic crisis

It’s another beautiful day in the northern Greek city of Volos. The sun is shining in a perfectly clear sky, and in the main streets the bars are

Best Buy

Best Buy’s founder Schulze rejects due diligence offer from board

US consumer electronics retailer Best Buy Co Inc (NYSE:BBY) said its board had offered founder and shareholder Richard Schulze to carry out due diligence with the view of

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