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World - London shares fall as BT shells out to fill pension fund hole


London shares were lower in early trade on Friday as index heavyweight BT sank after the telecoms giant revealed the hole in its pension fund has swelled to £7 billion. The benchmark FTSE 100 index fell 29.79 points or 0.44 percent to 6,780.81 points at 9:54 am. `The FTSE is off as it struggles to keep up with the optimism of the eurozone equity indices,` said Alastair McCaig, market analyst at IG. BT shares shed 2.07 percent to 420.20 pence as the company said a new valuation of the pension fund showed that the deficit has swollen to £7 billion from £3.9 billion at the last valuation in 2011.


Friday, January 30, 2015  10:39

Yahoo

World - Thai firm buys Sheffield Wednesday


English second-tier club Sheffield Wednesday announced on Thursday that they have been taken over by Thai food company the Thai Union Frozen Group. Wednesday said that the firm have bought 100 percent of the club`s shares from previous owner Milan Mandaric`s company UKFI Limited. Businessman Dejphon Chansiri, whose family control the Thai Union Frozen Group, told the Wednesday website: `I am very excited at the prospect of taking over control from Milan. Mandaric had owned Wednesday since December 2010, when he rescued the club from administration and provided £7 million of funds towards clearing debts of over £20 million.


Thursday, January 29, 2015  16:40

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World - Chelsea boss Mourinho fined £25,000 over `campaign` claim


Chelsea manager Jose Mourinho has been fined £25,000 over comments he made following his side`s 1-1 draw at Southampton last month, the Football Association announced on Wednesday. Mourinho claimed there was a media-driven `campaign` against his team following a spate of diving allegations and said a yellow card shown to Cesc Fabregas for simulation during the game was a `scandal`. `Following an Independent Regulatory Commission hearing, Jose Mourinho has been fined £25,000 ($38,000, 34,500 euros) after he was found to have breached FA Rules in relation to media comments,` the FA said in a statement on its website. `The Chelsea manager denied that comments he made after the game against Southampton on 28 December 2014 constituted improper conduct in that they alleged and/or implied bias on the part of a referee or referees, and/or brought the game into disrepute.


Wednesday, January 28, 2015  17:04

Yahoo

World - Rodgers eyes upbeat end to troubled season


Brendan Rodgers believes Liverpool`s dominant 2-0 win against Aston Villa can be the springboard for a successful finish to a troubled season. Goals from Fabio Borini and Rickie Lambert at Villa Park on Saturday ensured the Reds` unbeaten run extended to eight matches and boss Rodgers hopes their spluttering form in the first half of the campaign will soon be a distant memory. The prospect of snatching a place in the Premier League`s top four and success in a cup competition especially the League Cup where they meet Chelsea in the semi-final first leg on Tuesday remains a distinct possibility with Liverpool thriving in Rodgers` revamped 3-4-3 formation.


Sunday, January 18, 2015  02:08

Yahoo

World - Turner painting of Rome sells for record £30.3 mln in London


London (AFP) - A large oil painting of Rome by JMW Turner fetched the highest price ever paid for a work by the British artist at an auction in London on Wednesday.


Thursday, December 04, 2014  01:03

Yahoo

World - Pay-TV giant Sky says to enter UK mobile market


British pay-TV broadcaster Sky revealed plans Thursday to launch mobile phone services next year in a tie-up with Spain`s Telefonica, in the latest mega-deal shaking up the telecoms sector. Under the multi-year agreement, Telefonica UK will give the group wholesale access to 2G, 3G and 4G services over its popular nationwide phone network, Sky said in a statement that disclosed no financial terms. `As the UK`s leading brand for home entertainment and communications, Sky has a proven ability to launch new services, at scale,` said chief executive Jeremy Darroch. The announcement follow news this week that Telefonica was in talks to sell its British mobile phone unit O2 to Hong Kong`s Hutchison Whampoa for £9.25 billion ($15.4 billion, 12.3 billion euros).


Thursday, January 29, 2015  19:58

Yahoo

World - Whisky industry worth billions to British economy


Britain`s whisky trade is worth over £5 billion to the economy each year and provides over 40,000 jobs, according to a study released on Wednesday. The report by the Scotch Whisky Association (SWA) found that despite a slowdown in exports, billions of bottles of whisky were sold globally each year. `Scotch whisky must be recognised as a cultural asset that boosts growth and jobs, supports communities and combines the best of the traditional and the modern,` said SWA chief executive David Frost.


Wednesday, January 28, 2015  07:59

Yahoo

World - Britain announces new Holocaust memorial


Britain is to build a new Holocaust memorial in central London to which the government will contribute £50 million (67 million euros, $75 million), ministers said Tuesday. The announcement comes on the 70th anniversary of the liberation of the Auschwitz-Birkenau camp in Poland, marked around the world each year as Holocaust Memorial Day. There is already a Holocaust memorial in London`s Hyde Park consisting of two boulders lying in a bed of gravel inscribed with a quotation from the Book of Lamentations. Prime Minister David Cameron attended a Holocaust commemoration in London on Tuesday and said it was particularly important to keep remembering what happened as the last survivors reach the end of their lives.


Tuesday, January 27, 2015  17:04

Yahoo

World - Balotelli has Liverpool future - Rodgers


Liverpool manager Brendan Rodgers insisted Monday that controversial striker Mario Balotelli does have a future at Anfield. Speculation over the Italy forward`s career on Merseyside intensified after he was left out of Saturday`s FA Cup fourth-round tie against Bolton Wanderers on form grounds, although the forwards selected in his place failed to find the back of the net in a goalless draw with the second division club. Since making a £16 million ($24 million, 21 million euros) move from AC Milan in August, Balotelli has managed just two goals in 18 appearances in all competitions for the Reds.


Monday, January 26, 2015  13:46

Yahoo

World - Cost of raising a child in Britain soars to £230,000


The average cost of bringing up a child to the age of 21 in Britain has rocketed by 63 percent since 2003 to nearly £230,000, a study showed on Thursday. Parents now spend nearly a third of their gross annual household income on raising a child, data from think-tank the Centre for Economics and Business Research showed.


Thursday, January 22, 2015  13:25

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