Costas's Feed
Dec 17, 2014

Inquiry clears British soldiers of murder and torture of Iraqis

LONDON (Reuters) – Allegations that British troops executed captured Iraqi prisoners and tortured or seriously abused others after a battle in 2004 were based on lies, a long-running inquiry concluded on Wednesday, exonerating the armed forces.

The Al-Sweady inquiry, which has lasted five years and cost 31 million pounds ($49 million), was charged with examining allegations made by Iraqis that British soldiers captured and then murdered 20 men after a battle in southern Iraq.

Dec 13, 2014

Scottish Labour picks new leader as UK election battle looms

LONDON (Reuters) – The opposition Labour party has chosen former cabinet minister Jim Murphy as its leader in Scotland where he will have the job of trying to hold on to the seats the party needs to win a British national election due in May.

The former Secretary of State for Scotland, who won 55 percent of the vote, needs to rejuvenate the Scottish Labour party which faces a tough challenge from nationalists who could potentially derail Labour’s chances of winning a majority in the polls next year.

Dec 11, 2014

Aston Martin looks to raise funds for new models – sources

PARIS/LONDON, Dec 11 (Reuters) – Aston Martin is preparing
to raise funds to expand its range of models into new areas
including crossover SUVs, two sources with knowledge of the
matter said, as the loss-making sports car maker steps up its
turnaround efforts under a new boss.

The British high-end marque is working on plans to issue new
shares or bonds and extend its current recovery strategy by
three years to 2020, the sources said, adding that luxury sedans
and hybrid models also featured in its plans.

Dec 11, 2014

Exclusive: Aston Martin looks to raise funds for new models – sources

PARIS/LONDON (Reuters) – Aston Martin is preparing to raise funds to expand its range of models into new areas including crossover SUVs, two sources with knowledge of the matter said, as the loss-making sports car maker steps up its turnaround efforts under a new boss.

The British high-end marque is working on plans to issue new shares or bonds and extend its current recovery strategy by three years to 2020, the sources said, adding that luxury sedans and hybrid models also featured in its plans.

Dec 10, 2014

New Scotland Yard, storied London police headquarters, sold to Abu Dhabi investor

LONDON (Reuters) – New Scotland Yard, the headquarters of London’s storied police force and one of the British capital’s most famous landmarks, has been sold to an Abu Dhabi investor, paving the way for its macabre but private museum to open to the public elsewhere.

The 20-storey block in central London is famous around the globe as the home of the Metropolitan Police Service and for the rotating triangular sign in front of it nicknamed “the revolving cheese” by local wits.

Dec 9, 2014

New Scotland Yard, storied London police HQ, sold to Abu Dhabi

LONDON (Reuters) – New Scotland Yard, the headquarters of London’s storied police force and one of the British capital’s most famous landmarks, has been sold to an Abu Dhabi investor, paving the way for its macabre but private museum to open to the public elsewhere.

The 20-storey block in central London is famous around the globe as the home of the Metropolitan Police Service and for the rotating triangular sign in front of it nicknamed “the revolving cheese” by local wits.

Dec 5, 2014

Berkeley says property tax changes could slow top-end sales

LONDON (Reuters) – A tax increase on the purchase of high-end properties imposed by British finance minister George Osborne could deter people from buying the most expensive homes, London-focused housebuilder Berkeley (BKGH.L: Quote, Profile, Research, Stock Buzz) warned on Friday.

Announcing an 80 percent first-half profit rise that helped send its shares to their highest in nine months, Berkeley nonetheless cautioned over stamp duty changes set out on Wednesday which mean it costs more to buy a house worth more than 937,000 pounds ($1.5 million).

Dec 3, 2014

Government to cut stamp duty for nearly all home buyers

LONDON (Reuters) – Chancellor George Osborne said he will cut a tax on nearly all property purchases from midnight, removing a long-standing grievance of home buyers five months before an election.

Presenting his half-yearly update on the country’s finances on Wednesday, Osborne said the Stamp Duty tax would be lowered for the majority of home buyers while those buying houses at the top end of the market would have to pay more.

Dec 3, 2014

UK to cut unpopular property tax for nearly all home buyers

LONDON, Dec 3 (Reuters) – British finance minister George
Osborne said he will cut a tax on nearly all property purchases
from midnight, removing a long-standing grievance of home buyers
five months before an election.

Presenting his half-yearly update on the country’s finances
on Wednesday, Osborne said the Stamp Duty tax would be lowered
for the majority of home buyers while those buying houses at the
top end of the market would have to pay more.

Nov 18, 2014

Britain confirms bird flu on northern England farm is H5N8 strain

LONDON (Reuters) – Bird flu on a duck farm in northern England is the highly contagious H5N8 strain, the same form of the virus already discovered in Germany and the Netherlands, Britain’s farm ministry confirmed on Tuesday.

The Department for Environment, Food and Rural Affairs (Defra) said that the risk to humans was minimal, and that a cull of all 6,000 ducks on the farm in east Yorkshire should be completed later on Tuesday.