The French engineering giant, attempting to cut a £3bn debt burden, sells its transmission and distribution arm for £657m Alstom, the struggling engineering giant, has sold its most profitable...
European Commission President Romano Prodi has rejected demands for the resignation of Spanish Commissioner Pedro Solbes and has defended the pace of reforms of the present Commission. "I consider...
26/09/2003
France will not accept measures that would tip it into recession in order to comply with the European Union's Growth and Stability Pact, although it intends to cooperate with the EU Commission on the...
26/09/2003
The main reason for soaring household debt in the UK is a rise in home ownership, the Bank of England has said. It said more people were buying houses, so rising debt means "an increase in the...
26/09/2003
European markets opened lower on Friday after a second successive weaker finish on Wall Street, caused by worries about the state of the economic recovery. The Eurotop 300 fell 0.4 per cent at the...
26/09/2003
Motoring organisations yesterday called on Gordon Brown to defer next week's expected rise in fuel duty after a surprise production cut by oil exporting countries sent crude prices rocketing. With...
25/09/2003
Business sentiment in Germany improved for a fifth month in September, according to a widely-followed survey of confidence by Germany's Ifo economic institute. The think-tank's monthly survey...
25/09/2003
"Lloyds TSB did not have in place sufficiently rigorous procedures and controls for considering all of the issues surrounding the selling of the plan. The bank's failings in this case were serious"...
25/09/2003
The Commission is facing mounting pressure after two reports released Wednesday night (24 September) revealed that illegal financial practices continued during its current term - leading to a loss of...
25/09/2003
European stocks fell for a fifth session. ING Groep NV and Aegon NV paced declines after J.P. Morgan Chase & Co. cut its recommendations on the two companies, among the best performing financial-...
25/09/2003