LONDON (Thomson Financial) - Umbro PLC said the UK High Court has confirmed the reduction of the company's capital, paving the way for the 285 mln stg takeover by Nike Vapor, a unit of Nike Inc.
A year after the UK introduced tougher penalties for using a hand-held phone while driving, the RAC Foundation has revealed that almost half of Britain’s motorists still flout the law by texting while driving.
LONDON (Thomson Financial) - UK small caps were lower in early trade, bucking the firmer trend in blue chips, with SCi Entertainment hard-hit as sharply higher interim losses forced the company to abandon bid talks and seek funds. Restructuring moves are afoot.
While the army of investment analysts has been trying to guess whether the Bank rate will be cut by a quarter per cent, a half per cent or not at all - it could even rise - the governor of the Bank of England said something much more important and interesting in his press conference on the Bank's February inflation report. It was that the UK faced "a genuine reduction in our standard of living
WASHINGTON (Thomson Financial) - The expected growth in the government's Q4 GDP estimate failed to materialize today, largely because new estimates of expanded US trade -- which increases GDP -- was blunted by larger estimates of falling inventories.
LONDON (Thomson Financial) - UK small caps closed lower today, weighed down by weakness among blue chips, with Avis Europe shedding 22 pct as it remained cautious on 2008 trading.
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