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By David Milliken LONDON, Feb 4 (Reuters) - British banks that fail to guard their day-to-day banking from risky investment activities will face being dismantled, finance minister George Osborne is set to say later on Monday. Britain is in the midst of a big shake-up of its system of
Read more* Barclays CFO Lucas, General Counsel Harding to retire * Will only leave when replacements found, likely to be some time * Lucas under investigation for 2008 Qatar fundraising * Lucas says appropriate time "to pass the mantle on" By Steve Slater and Paul Sandle LOND
Read moreLONDON, Feb 3 (Reuters) - The owners of EE, Britain's biggest mobile network, are close to appointing banks to advise on a flotation, The Sunday Times reported, citing industry and banking sources. EE was created when France Telecom combined its Orange brand in Britain with Deutsche Telekom
Read moreLONDON, Feb 3 (Reuters) - Barclays said on Sunday its Finance Director Chris Lucas and its General Counsel Mark Harding are to retire from the British bank, which is trying to emerge from a troubled nine months. They will remain in their roles until their successors have been appointed and
Read moreLONDON, Feb 3 (Reuters) - Barclays Plc's finance director Chris Lucas is to announce on Monday that he plans to retire, people familiar with the matter said, as the British bank struggles to put several scandals behind it. Lucas, in his early fifties, has been finance director for a tough s
Read moreLONDON, Feb 3 (Reuters) - Barclays Plc's Finance Director Chris Lucas will step down, likely as soon as Monday, Sky News reported on Sunday, citing sources close to the company. Lucas is the only member of Barclays' top management still in his post after the bank was implicated in a rate fi
Read moreMILAN, Feb 1 (Reuters) - Italy's holding company Gemina unveiled on Friday an updated business plan for its Rome airport operator ADR, which includes investing more than 3.1 billion euros over the next 10 years to reverse declining traffic trends. Gemina, which is in merger talks with motor
Read moreBy Nadia Damouni and Soyoung Kim and Greg Roumeliotis NEW YORK, Feb 1 (Reuters) - Dell Inc is edging closer to an agreement to sell itself to a buyout consortium led by Michael Dell, its founder and chief executive, and private equity firm Silver Lake Partners in a deal that could top $24 b
Read more* UK probes whether bank lent Qatar money to buy shares- FT * Barclays declines comment on ongoing investigations * Barclays pay under scrutiny after rate rigging scandal By Steve Slater and Matt Scuffham LONDON, Feb 1 (Reuters) - Barclays Chief Executive Antony Jenkins ha
Read more* UK probes whether bank lent Qatar money to buy shares- FT * Barclays declines comment on ongoing investigations * Barclays pay under scrutiny after rate rigging scandal By Steve Slater and Matt Scuffham LONDON, Feb 1 (Reuters) - Barclays Chief Executive Antony Jenkins ha
Read more* Settlement expected on Tuesday or Wednesday - sources * RBS expected to agree combined deal with U.S., UK By Matt Scuffham and Huw Jones LONDON, Feb 1 (Reuters) - Royal Bank of Scotland will next week agree a settlement with U.S. and British authorities for its part in a glob
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The impressive performance by global stock markets last month continued into the first trading day of February, as a barrage of upbeat economic data lifted sentiment. The FTSE 100 rose a total of 6.4% in January alone, the best January performance since 1989. Eurozone manufacturing beats forecast
Read moreMiners were performing well on Friday as continued growth in China's manufacturing lifted the demand outlook for commodities. Fresnillo and Vedanta Resources were among the best performers. Telecoms giant BT was a high riser today after its third-quarter results, as cost control helped it to beat
Read moreBarclays Chief Executive Officer (CEO), Antony Jenkins, announced Friday he would waive his bonus for 2012 as the bank tries to mend its image following a series of scandals. Jenkins was appointed the new boss in August following the departure of Bob Diamond who stepped down amid the bank's involv
Read moreLONDON, Feb 1 (Reuters) - New Barclays chief executive Antony Jenkins said he will not take a bonus for last year, saying he should "bear an appropriate degree of accountability" for the difficult year his bank and its stakeholders had. Jenkins, who became CEO in August, said he was aware o
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