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UK GDP April - June 2012 drops by 0.7%

UK GDP April - June 2012 drops by 0.7%

Our economy shrank by 0.7% between April and June this year. Compare that to a 0.3% dip for the three months before that, and it all adds up to the UK being in the worst double-dip recession in some 50 years.
Rosneft bids for BP's stake in TNK-BP

Rosneft bids for BP's stake in TNK-BP

The race to buy BP's stake in equal UK and Russian joint venture TNK-BP has sped up - after Russian state-owned oil company Rosneft revealed it is its interest in potentially acquiring BP's stake at the embattled company.
News Corp investors want Murdoch to resign

News Corp investors want Murdoch to resign

Newscorp Investors unhappy with the scandal surrounding the company have decided to vote with their feet. They sent a co-signed letter to the 80 year old mogul asking him to resign.
Global Regulators Spur Rate Reviews from Tokyo to Toronto

Global Regulators Spur Rate Reviews from Tokyo to Toronto

After Barclays became the first bank to settle with US and UK regulators for a record fine for its conviction of manipulating Libor, global officials have called into question the way global interbank lending rates and submitted, calculated and monit
Co-Op Bank to buy 632 Lloyds TSB and C&G branches

Co-Op Bank to buy 632 Lloyds TSB and C&G branches

The European Commission demanded it, and now Lloyds Banking Group has had to comply. It’s having to sell 632 branches of Lloyds TSB and Cheltenham and Gloucester to the Co-operative Banking Group.