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World - Barclays posts sliding first-half profits

British bank Barclays saw first-half net profits tumble by almost a third, hit by non-core losses and an impairment at its French retail division, it said Friday. Turning to Britain`s recent EU exit referendum, Barclays -- which had backed the unsuccessful Remain campaign -- said it was well placed to survive any economic fallout. Earnings after taxation dived 31 percent to £1.1 billion ($1.45 billion, 1.31 billion euros) in the six months to June, compared with £1.6 billion a year earlier, Barclays said in a results statement.

Friday, July 29, 2016  08:22


World - Thomas Cook cuts outlook on security risks

British travel operator Thomas Cook cut its annual outlook on Thursday, and blamed sliding sales after the Brussels terror attack and Turkey`s more recent turmoil. Thomas Cook added in a results statement that it made an operating loss of £25 million in the third quarter of its financial year, or three months to the end of June. Revenue slid eight percent to £1.85 billion in the reporting period, which it said reflected the `impact of Turkey and Brussels`.

Thursday, July 28, 2016  14:27


World - Vettel supports Hamilton in yellow-flag row

Sebastian Vettel backed world champion Lewis Hamilton`s opinion that Nico Rosberg should have been penalised for driving through yellow flags in qualifying at the Hungarian Grand Prix. The four-time world champion on Monday repeated the view of race winner Hamilton by saying that it was a bad example to other drivers. `And next week, there`ll be a go-kart race somewhere and there will be a double yellow flag because somebody went off and the marshals probably go out to help him.

Monday, July 25, 2016  17:06


World - Leicester`s King signs new contract

Welsh international midfielder Andy King signed a new four year contract with the only club he has played for Premier League champions Leicester City on Friday. The 27-year-old -- who is the only player in the Premier League era to have won the league titles in the top three tiers -- joins England striker Jamie Vardy in committing to the Foxes since their stunning title win. `Leicester City are delighted to announce that midfielder Andy King has committed his long-term future to the football club by signing a new contract until 2020,` said the club on their website.

Friday, July 29, 2016  18:50


Africa - Mahrez helps Leicester beat Celtic

Celtic impress against Leicester in the International Champions Cup - but the Foxes win 6-5 on penalties after a 1-1 draw.

Sunday, July 24, 2016  12:11


World - UK`s May says model for Brexit deal may not exist yet

By Gavin Jones ROME (Reuters) - Britain`s future ties with the European Union may not mirror any of the existing relationships between non-EU countries and the bloc, Prime Minister Theresa May said on Wednesday after meeting her Italian counterpart. The Financial Times reported on Wednesday that international trade minister Liam Fox was pressing May to pull out of the EU`s customs union, an area in which there is free movement of goods but where tariffs are imposed on external borders. Fox has said a free trade agreement with the EU was more likely than staying in the customs union, which could restrict Britain`s ability to negotiate lower tariffs with other trading partners, the Wall Street Journal reported on Tuesday.

Wednesday, July 27, 2016  15:24


World - Early 2017 could be best time to trigger Article 50: UK trade minister

Early next year could be the best time for Britain to trigger formal divorce talks with the European Union so a deal can be reached before the next national election in 2020, international trade minister Liam Fox was reported as saying. The Wall Street Journal reported Fox also said London would likely seek to enter a free-trade agreement with the EU rather than a closer customs union, which he said could restrict its ability to negotiate lower tariffs with other trading partners. New Prime Minister Theresa May has said Britain will not trigger Article 50 of the EU`s Lisbon Treaty, which formally begins the process of leaving the bloc, this year as it needs time to prepare for negotiations.

Tuesday, July 26, 2016  10:55


Business - Apple`s arrogance likely quashed its streaming TV service

Tech giant`s seemingly unprecedented demands are probably why it still doesn`t have a TV streaming service, according to The Wall Street Journal.

Friday, July 29, 2016  15:47


World - France`s EDF approves contested British nuclear plan

French energy giant EDF`s board on Thursday approved building Britain`s first nuclear power station in decades, a mammoth project which critics fear could bankrupt the French utility. EDF`s directors had been deeply divided over the planned construction of two nuclear reactors at Hinkley Point in southwest England for £18 billion (21.4 billion euros, $23.8 billion). In a letter seen by AFP, Gerard Magnin said he could no longer support France`s strategy to push nuclear energy at the expense of other options.

Thursday, July 28, 2016  21:30


World - France`s EDF board approves British nuclear plan: source close to talks

French energy giant EDF`s board gave the go-ahead Thursday to the building of a controversial nuclear power station in Britain which has faced fierce criticism over its £18 billion price tag, a source close to talks said. The planned construction of two nuclear reactors at Hinkley Point costing the equivalent of 21.4 billion euros ($23.8 billion) won the backing of the EDF board of directors, with 10 members voting in favour and seven against, the source said.

Thursday, July 28, 2016  18:14

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