Peter's Feed
Apr 22, 2012

Police hope grainy photos catch banker’s shooter

LONDON (Reuters) – The police released grainy photos on Monday of a man suspected of shooting a former Russian banker near London’s Canary Wharf financial district in a case that has raised fears that Russian gangland violence could be spreading to Britain.

Financier German Gorbuntsov, 45, was shot five times as he entered a block of flats where he lives near the River Thames in the east of the capital on March 20.

Apr 22, 2012

Government seeks tighter grip on public spending

LONDON (Reuters) – Treasury Minister Danny Alexander will set out new rules on Monday to push ministries to tighten their grip on spending at a time of deep public cuts aimed at wiping out the country’s huge budget deficit within five years.

Under the new rules, government departments will be asked to identify 5 percent of their annual budget to cover unexpected costs – in a bid to discourage them from asking for more money from central government when emergencies arise.

Apr 22, 2012

Bee Gee Robin Gibb came close to death: doctors

LONDON (Reuters) – Bee Gees singer Robin Gibb is conscious and able to speak to his wife and family after waking from a coma caused by a combination of illnesses that nearly cost him his life, his doctors said on Sunday.

Paying tribute to his “iron will”, Gibb’s medical team said the singer had defied the odds to regain consciousness more than a week after he went into a coma.

Apr 21, 2012

Murdoch mocks UK government as arrives for ethics inquiry

LONDON (Reuters) – Rupert Murdoch on Saturday mocked the UK government’s “mad” plans to lend more money to the International Monetary Fund and criticized its energy, education and tax policies after arriving in London ahead of his appearance at a media inquiry next week.

The 81-year-old News Corp (NWSA.O: Quote, Profile, Research, Stock Buzz) boss will appear before a senior judge in London’s High Court on Wednesday and Thursday as part of an inquiry ordered by Prime Minister David Cameron to investigate standards in the British press.

Apr 21, 2012

Murdoch mocks UK govt as arrives for ethics inquiry

LONDON, April 21 (Reuters) – Rupert Murdoch on Saturday
mocked the UK government’s “mad” plans to lend more money to the
International Monetary Fund and criticised its energy, education
and tax policies after arriving in London ahead of his
appearance at a media inquiry next week.

The 81-year-old News Corp boss will appear before a
senior judge in London’s High Court on Wednesday and Thursday as
part of an inquiry ordered by Prime Minister David Cameron to
investigate standards in the British press. [ID: nL6E8FK9DW]

Apr 20, 2012

Petrol panic, sunshine may keep UK from recession

LONDON, April 20 (Reuters) – Warm weather and fears of a
fuel shortage helped drive the biggest increase in British
retail sales in more than a year in March, raising chances that
recovering consumer spending may have helped the economy to
avoid recession.

The unexpectedly strong figures will come as a relief for
policymakers as they try to boost fragile growth at a time of
sticky inflation, deep austerity measures and weak wage rises.

Apr 13, 2012

UK factory price hikes, weak construction test BoE

LONDON (Reuters) – British factory gate prices rose more than expected in March, while a feeble rebound in construction in February kept the threat of recession alive, highlighting the Bank of England’s dilemma over whether to spur the fragile economy any further.

Consumer price inflation data next Tuesday and BoE April policy meeting minutes a day later will give more clues about the chances of the bank extending its asset purchase programme when the current round, pumping 50 billion pounds ($80 billion) into the economy, ends in May.

Mar 30, 2012

UK union rules out fuel strike at Easter

LONDON, March 30 (Reuters) – British unions ruled out an
Easter strike by fuel delivery drivers on Friday after the
government was accused of triggering panic-buying and long
queues at garages with its “incompetent” handling of the
dispute.

The Unite union lifted the threat of action over one of the
busiest weekends on the roads, saying it wanted to focus on
talks next week with haulage contractors.

Mar 29, 2012

Weak UK lending highlights recovery struggle

LONDON, March 29 (Reuters) – - Approvals for home loans in
Britain fell to an 8-month low in February, and banks expect to
tighten lending in the next few months, Bank of England data
showed, highlighting the tough path ahead for the recovery.

The figures come after mortgage lender Nationwide said
prices fell at their fastest pace in two years in March, though
analysts said some of the weakness in the data may have been due
to the end of a temporary tax break for first-time home buyers.

Mar 28, 2012

UK faces bigger hill to climb after Q4 GDP cut

LONDON (Reuters) – Britain’s economy shrank more than previously thought in the final three months of 2011, driven by a weakening services sector and adding to nerves about its ability to return to growth in early 2012.

The Office for National Statistics said the economy contracted by 0.3 percent between October and December last year, taking the annual rate of growth to 0.5 percent. That was below economists expectations for unrevised readings of -0.2 percent quarter-on-quarter and 0.7 percent year-on-year.