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May 20, 2014

Forget the bonds and get a glass – red wine is a winner in 20th century

LONDON (Reuters) – Forget government bonds, fine art and even stamps: Red wine outperformed them all over the 20th century.

At least that is what research by a team of academics from the University of Cambridge, HEC Paris and Vanderbilt University, Nashville, Tennessee, shows.

May 20, 2014

Cameron signals concern over red-hot property market

LONDON (Reuters) – Prime Minister David Cameron on Tuesday gave his strongest signal yet that Britain may need to cool its red-hot property market, saying he agreed with the Bank of England that the housing market was the biggest risk to financial stability.

House prices are soaring in London and have risen by a tenth over the past year in Britain as the economic recovery and record-low interest rates tempt purchasers back into one of the world’s most expensive property markets.

May 20, 2014

PM Cameron signals concern over Britain’s red-hot property market

LONDON, May 20 (Reuters) – Prime Minister David Cameron on
Tuesday gave his strongest signal yet that Britain may need to
cool its red-hot property market, saying he agreed with the Bank
of England that the housing market was the biggest risk to
financial stability.

House prices are soaring in London and have risen by a tenth
over the past year in Britain as the economic recovery and
record-low interest rates tempt purchasers back into one of the
world’s most expensive property markets.

May 19, 2014

Labour MP Miller expects Pfizer to court AstraZeneca shareholders

LONDON (Reuters) – U.S. drugmaker Pfizer is likely to court major investors in AstraZeneca as part of a takeover attempt despite a board rejection of its 70 billion pounds bid, the head of Britain’s parliamentary science committee said.

Pfizer had sought to create the world’s largest drugs company with a takeover attempt that has met fierce opposition from AstraZeneca and many MPs who say the New York-based company could cut jobs and research in Britain.

May 19, 2014

British lawmaker expects Pfizer to court AstraZeneca shareholders

LONDON (Reuters) – U.S. drugmaker Pfizer is likely to court major investors in AstraZeneca as part of a takeover attempt despite a board rejection of its 70 billion pounds ($118 billion) bid, the head of Britain’s parliamentary science committee said.

Pfizer had sought to create the world’s largest drugs company with a takeover attempt that has met fierce opposition from AstraZeneca and many British lawmakers who say the New York-based company could cut jobs and research in Britain.

May 9, 2014

Clegg dismisses Cameron’s EU strategy as ‘wishful thinking’

LONDON (Reuters) – Prime Minister David Cameron’s plans to renegotiate Britain’s ties with the European Union are wishful thinking and likely to yield only minor concessions that will not unite his governing Conservative party, his coalition partner will warn on Friday.

In a speech at Thomson Reuters in London, Nick Clegg, Britain’s deputy prime minister, will launch one of his strongest critiques of Cameron’s Europe policy so far as he unveils his own ideas for reform and sets out the case for Britain to remain inside the 28-nation bloc.

May 8, 2014

UK Deputy PM dismisses Cameron’s EU strategy as ‘wishful thinking’

LONDON (Reuters) – Prime Minister David Cameron’s plans to renegotiate Britain’s ties with the European Union are wishful thinking and likely to yield only minor concessions that will not unite his governing Conservative party, his coalition partner will warn on Friday.

In a speech at Thomson Reuters in London, Nick Clegg, Britain’s deputy prime minister, will launch one of his strongest critiques of Cameron’s Europe policy so far as he unveils his own ideas for reform and sets out the case for Britain to remain inside the 28-nation bloc.

Apr 27, 2014

EU exit could wreck UK financial capital, says City lobby group

LONDON (Reuters) – A British exit from the European Union could wreck London’s position as the only financial center to rival New York and isolate the country’s economy, research ordered by a lobby group for banks and money managers showed.

Prime Minister David Cameron has promised to renegotiate the terms of Britain’s EU membership and hold an “in-out” referendum by the end of 2017 if re-elected in a 2015 national election.

Mar 20, 2014

Find of the century? U.S. scrap dealer finds $20 million Faberge egg

LONDON (Reuters) – When a scrap metal dealer from U.S. Midwest bought a golden ornament at a junk market, it never crossed his mind that he was the owner of a $20 million Faberge egg hailing from the court of imperial Russia.

In a mystery fit for the tumultuous history of Russia’s ostentatious elite, the 8-cm (3-inch) golden egg was spirited out of St Petersburg after the 1917 Bolshevik Revolution and then disappeared for decades in the United States.

Mar 12, 2014

Labour’s Miliband lowers chances of British vote on EU membership

LONDON (Reuters) – A future Labour government is unlikely to hold a referendum on Britain’s membership of the European Union this decade, party leader Ed Miliband said in a political gamble that lowers the chances of Britain leaving the 28-member bloc.

Seeking to define the battle lines of the 2015 election, Miliband said he wanted to fight Prime Minister David Cameron on the ‘cost of living’ rather than spooking businesses with the prospect of a British exit from the EU.