RBS to sell Angel Trains for 3.6 billion pounds

June 13, 2008 on 11:29 pm | In Business News | No Comments

SYDNEY/LONDON (Reuters) - Royal Bank of Scotland (RBS) bolstered its finances on Friday with the sale of leasing firm Angel Trains to a fund managed by Australia’s Babcock & Brown for $7 billion (3.6 billion pounds), including debt.

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RBS to sell Angel Trains for 3.6 billion pounds

Oil and dollar dominate runup to G8 inflation talks

June 13, 2008 on 10:35 pm | In Business News | No Comments

OSAKA, Japan (Reuters) - Finance ministers from the world’s richest nations focused on oil futures markets and a weak dollar as they prepared to tackle a surge in global inflation at talks in Japan on Saturday.

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Oil and dollar dominate runup to G8 inflation talks

Microsoft offered $1 bln for Yahoo search

June 13, 2008 on 4:38 pm | In Business News | No Comments

SEATTLE/SAN FRANCISCO (Reuters) - Microsoft Corp offered Yahoo Inc $1 billion (513 million pounds) in cash to buy its search business in a deal that would have delivered $1 billion …

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Microsoft offered $1 bln for Yahoo search

FTSE ends up on muted U.S. data

June 13, 2008 on 1:07 pm | In Business News | No Comments

LONDON (Reuters) - The blue-chip index ended higher for the second straight day on Friday, as muted U.S. consumer price data and weaker crude oil prices helped ease worries over inflation.

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FTSE ends up on muted U.S. data

Oil drops $3 to $134 a barrel

June 13, 2008 on 12:00 pm | In Business News | No Comments

LONDON (Reuters) - Oil fell $3 to near $134 a barrel on Friday on an industry newsletter report Saudi Arabia was considering a sizeable increase in crudeoutput to cool oil prices hovering near record highs.

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Oil drops $3 to $134 a barrel

RBS to sell Angel Trains for 3.6 bln

June 13, 2008 on 10:19 am | In Business News | No Comments

SYDNEY/LONDON (Reuters) - Royal Bank of Scotland (RBS) bolstered its finances on Friday with the sale of leasing firm Angel Trains to a fund managed by Australia’s Babcock & Brown for $7 billion (3.6 billion pounds), including debt.

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RBS to sell Angel Trains for 3.6 bln

Bank set on hitting inflation target

June 13, 2008 on 10:11 am | In Business News | No Comments

LONDON (Reuters) - The Bank of England will cushion only part of the shock to demand from current credit market turmoil and remains focused on hitting its inflation target, policymaker Paul Tucker said in remarks published on Friday.

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Bank set on hitting inflation target

FTSE lower on bleak outlook

June 13, 2008 on 7:34 am | In Business News | No Comments

LONDON (Reuters) - Britain’s blue-chip index slipped by midday on Friday as falling crude prices pulled oil shares down while banks rose after the financial watchdog …

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FTSE lower on bleak outlook

EDF could nudge up British Energy bid

June 13, 2008 on 7:12 am | In Business News | No Comments

LONDON (Reuters) - Electricite de France could raise slightly its bid for British Energy above 700 pence a share in exchange for …

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EDF could nudge up British Energy bid

Menswear retailer Moss Bros underlying sales fall

June 13, 2008 on 5:59 am | In Business News | No Comments

LONDON (Reuters) - Menswear chain Moss Bros said on Friday like-for-like sales for the first 19 weeks of the year were down 1.5 percent amid rising inflation and a gloomy outlook for consumer spending.

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Menswear retailer Moss Bros underlying sales fall

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