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Latest Headlines

UK may part-fund GM Europe takeover

LUTON, England (Reuters) - The government is prepared to help underwrite the planned takeover of the European arm of General Motors, possibly in the form of loans, Business Secretary Peter Mandelson said on Friday.

Tesco lasts shr options protest

Tesco, Britain's largest retailer, narrowly survived a big investor protest over changes to its management share option plan and more comfortably saw off complaints it should do more to help migrant workers.

What the Bank has to weigh up next week

The Bank of England looks certain to keep interest rates at a record low of 0.5 percent next Thursday as it continues to try to lift the economy out of recession, so most attention will focus on whether it expands its quantitative easing target.

Stanford clients sue Willis Group

NEW YORK (Reuters) - Several Mexican clients of Stanford Financial Group have sued insurance broker Willis Group Holdings Ltd <WSH.N>, contending it was a willing participant in a $7 billion (4.3 billion pound) fraud at the Texas-based investment company.

BA slashes spending as passengers fall

British Airways (BA) <BAY.L> said it had cut its spending plans by 20 percent for the current year as it prepared for a lengthy industry downturn and reported that passenger numbers had fallen again.