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World - Ayre warns Liverpool fans over walkout plan

Liverpool chief executive Ian Ayre has warned Reds fans to `be careful what they wish for` after a supporters group called for an Anfield walkout in protest at rising ticket prices. Supporters` groups are planning to make their unprecedented protest in the 77th minute of Saturday`s Premier League match against Sunderland after Liverpool this week announced a new pricing structure for the 2016-17 season, which will see the most expensive match day ticket in the redeveloped Main Stand rise from £59 ($86, 76 euros) to £77. The new pricing structure will also see the cost of the most expensive season ticket price rise to £1,029, with the lowest costing £685.

Friday, February 05, 2016  17:38


World - Ex-JP Morgan banker fined $1.1bn over `London Whale` scandal

Britain`s financial watchdog on Tuesday fined a former JP Morgan executive for failing to disclose concerns about the so-called `London Whale` affair that cost the bank $6.2 billion. Achilles Macris, ex-boss of the bank`s international chief investment office in London, was fined £792,900 ($1.1 million, 1.0 million euros), the Financial Conduct Authority (FCA) said in a statement. Macris `was responsible for a number of portfolios, including the Synthetic Credit Portfolio, at the time of what became known as the London Whale trades,` the FCA said.

Tuesday, February 09, 2016  17:08


World - Sliding oil prices sends UK deficit to record high

Britain`s trade deficit reached a record high last year as the value of North Sea oil exports tumbled. Total exports fell 2.8 percent, as sliding oil prices hit income earned from sales abroad of North Sea crude. Meanwhile exports of goods to the rest of the European Union fell by £11.6 billion, owing to a `fall in oil exports of £9.8 billion`, the ONS said.

Tuesday, February 09, 2016  15:06


World - Premier League fans `plot mass walkout over ticket prices`

Football fans in England are considering a mass walkout in protest at rising Premier League ticket prices, the Daily Telegraph reported on Tuesday. An estimated 10,000 Liverpool supporters left Anfield in the 77th minute of Saturday`s 2-2 draw with Sunderland in protest over plans to introduce a most expensive match ticket of £77 ($112, 99 euros). The Football Supporters Federation (FSF), which represents fans in England and Wales, said it would convene a meeting to discuss coordinated action, including a simultaneous fan walkout at top-flight fixtures.

Tuesday, February 09, 2016  13:37


World - BG Group returns to profit before takeover by Shell

British energy group BG Group on Friday announced a return to net profit ahead of its takeover by Shell as exceptional 2014 losses were not repeated last year. The update comes as Royal Dutch Shell is very near to finalising a £47-billion ($68-billion, 62 billion-euros) takeover of its smaller British rival. BG Group net profit for 2015 came in at $2.33 billion, which compared with a loss after tax of $1.04 billion the previous year.

Friday, February 05, 2016  10:07


World - Bank of England cuts UK growth forecasts, holds rates

The Bank of England cut its economic growth forecasts on Thursday and left interest rates at a record-low, as policymakers fretted over slumping oil prices and the darkening global outlook. The BoE`s Monetary Policy Committee (MPC) held its key rate at 0.5 percent in a unanimous vote, where it has stood since March 2009 to stimulate commercial lending and foster economic growth. The MPC also maintained the amount of cash stimulus, or quantitative easing (QE), pumping around the British economy at £375 billion ($542 billion, 495 billion euros) after its latest two-day gathering.

Thursday, February 04, 2016  17:03


World - Britain pledges $1.74 bn in aid for Syria and neighbours

London (AFP) - The British government announced £1.2 billion (1.6 million euros, $1.74 billion) in aid for war-torn Syria and its neighbours on Thursday, ahead of a donors` conference in London.

Thursday, February 04, 2016  00:32


World - UK supermarket Sainsbury`s offers £1.3bn for Argos owner

British supermarket group Sainsbury`s has tabled an offer to buy Home Retail Group, owner of catalogue chain Argos, for £1.3 billion, it said Tuesday. The cash-and-stock takeover, worth the equivalent of $1.9 billion or 1.7 billion euros, was pitched at the equivalent 161.3 pence per HRG share. `The boards of Sainsbury`s and Home Retail Group announce that they have reached agreement on the key financial terms of a possible offer for Home Retail Group by Sainsbury`s,` read a joint statement.

Tuesday, February 02, 2016  10:27


Asia-Pacific - No End to Scrutiny Over Millions Sent to Malaysian Leader`s Accounts

The halt of an official investigation has not quieted questions over how hundreds of millions of dollars ended up in the accounts of Prime Minister Najib Razak.

Friday, February 05, 2016  16:46


World - Khamenei`s top aide says Tehran, Moscow ink $40 billion in projects: agencies

Iran and Russia have initialed contracts worth around $40 billion, including for power-engineering and railway projects, Russian news agencies quoted Ali Akbar Velayati, top adviser to Iran`s Supreme Leader Ayatollah Ali Khamenei, as saying on Thursday. Velayati, who is wrapping up a visit to Moscow, said he had discussed some of the projects with Russian President Vladimir Putin.

Thursday, February 04, 2016  14:03

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