Costas's Feed
Apr 9, 2014

Greeks strike against austerity before Merkel visit

ATHENS (Reuters) – Thousands of striking Greeks marched to parliament on Wednesday to protest against job cuts and austerity measures imposed by the country’s foreign creditors, including Germany, whose leader will visit Athens this week.

Schools and pharmacies were shut, ships remained docked at ports, hospitals operated on emergency staff, and transport in Athens was disrupted due to the 24-hour strike called by private sector union GSEE and its public sector counterpart ADEDY.

Apr 4, 2014

Far-right video leak halts Greek government’s poll boost

ATHENS (Reuters) – A scandal in Greece over the prosecution of far-right politicians has helped the leftist opposition halt a rise in support for the government, a poll showed on Friday, despite a week of positive economic data.

Takis Baltakos, a top aide to the Greek prime minister, resigned on Wednesday after a leaked video showed him suggesting the government had tried to press judges to jail lawmakers from the far-right Golden Dawn party.

Mar 20, 2014

Insufficient evidence for core allegation in UK Iraqi abuse inquiry: lawyers

LONDON (Reuters) – The gravest accusation in an inquiry into abuse of Iraqis by British troops was effectively dropped on Thursday when lawyers for relatives of dead Iraqis said there was insufficient evidence they had been unlawfully killed by soldiers.

The inquiry, which has cost 22.2 million pounds ($37 million) so far, has been set up to investigate allegations by Iraqis that soldiers killed up to 20 men at an army camp in 2004, and mistreated up to nine detainees.

Mar 19, 2014

Bentley to build all of VW’s W12 engines in Britain

LONDON, March 19 (Reuters) – Britain-based luxury carmaker
Bentley Motors will make all of parent Volkswagen’s
powerful W12 engines from the end of this year, creating about
100 jobs for its central England factory and ending production
of the engines in Germany.

The announcement came on Wednesday after Bentley posted a
record 2013 profit, driven by demand from the Americas, and as
British finance minister George Osborne trumpeted the country’s
economic recovery in his annual budget.

Mar 14, 2014

UK’s Co-op Group must reform or face extinction, says independent director

LONDON, March 14 (Reuters) – Britain’s Co-operative Group
, described as “ungovernable” by its chief executive as
he quit this week, must reform or else face extinction, the
group’s senior independent director Paul Myners said on Friday.

The 170-year-old mutually owned-group, which includes food
shops and funeral parlours and a stake in Co-op Bank, needs a
smaller board with the skills to hold executives to account,
said Myners, a former government minister and business grandee
in a report commissioned by the group.

Mar 14, 2014

UK’s Co-op must reform or face extinction, says independent director

LONDON, March 14 (Reuters) – Britain’s Co-operative Group
, described as “ungovernable” by its chief executive as
he quit this week, must reform or else face extinction, the
group’s senior independent director Paul Myners said on Friday.

The 170-year-old mutually owned-group, which includes a
bank, food shops and funeral parlours, needs a smaller board
with the skills to hold executives to account, said Myners, a
former government minister and business grandee in a report
commissioned by the group.

Mar 12, 2014

French billionaire Bollore brings electric hire cars to London

LONDON (Reuters) – First it was pedal power; now Londoners are being offered electric transport to dodge their way around the city.

French billionaire Vincent Bollore on Wednesday unveiled plans to park 3,000 electric cars on London streets by 2016, as part of a car share project that emulates the popular bike hire scheme started in 2010 under Mayor Boris Johnson.

Feb 28, 2014

Spain’s Abertis plans to expand in English-speaking world

LONDON (Reuters) – Abertis, the world’s largest toll road operator, is looking at investment opportunities in Britain, the United States and Australia to balance its exposure to Latin America, Chief Executive Francisco Reynes told Reuters on Friday.

Reynes also said the company’s French arm would need a capital increase to help fund investments demanded by the government in return for an extension of toll road concessions.

Feb 26, 2014

Muslim converts who hacked British soldier to death jailed for life

LONDON (Reuters) – Two British Muslim converts were sentenced to life in prison on Wednesday for hacking a soldier to death on a London street in broad daylight, a gruesome killing that horrified the nation and provoked an anti-Islamic backlash.

Michael Adebolajo, 29, and Michael Adebowale, 22, were convicted by a jury in December of murdering off-duty soldier Lee Rigby, a 25-year-old Afghan war veteran in Woolwich, southeast London, in May last year.

Feb 26, 2014

ITV says open to acquisitions after earnings rise

LONDON (Reuters) – ITV, Britain’s largest free-to-air broadcaster, said on Wednesday it was on the hunt for acquisitions as it posted an increase in revenue that will help fund another special dividend for shareholders.

ITV said it would pay 161 million pounds in the special dividend of 4.0 pence a share, in line with 2012, and a full-year dividend of 3.5 pence, up 35 percent from 2012.