A new GBP10 billion privatization program will see Britain's 40% stake in cross-channel rail operator Eurostar sold off to help pay down UK's debts.
Tags: Britain
Chipmaker CSR rejects Microchip approach, shares soar
Britain's CSR (CSR.L) has rebuffed an approach from Microchip Technology (MCHP.O), saying that the undisclosed price proposed by Microchip was not enough if its U.S. rival wants to bolster its role in the "Internet of Things" with the chipmaker's radio technology.
Britain to ditch tax on Bitcoin trading
As opposed to the move that other countries are taking, the British government is planning to ditch the tax levied on Bitcoin trading, but the cryptocurrency will still be subjected to corporation and other taxes.
Irish firm Fexco to purchase English foreign exchange firm InterCash
County Kerry, Ireland-based financial services provider Fexco will UK-based foreign exchange firm InterCash for an undisclosed sum to establish the firm's position in the market as the country's economy starts growing again.
UK retailer Sports Direct acquires 4.6pct stake in Debenhams
Sports Direct, the biggest sporting goods seller in the UK, picked up a 4.6% stake in London-based multinational retail chain Debenhams for an undisclosed sum.
Latest News
South Korea was reported to be a possible investor in Britain's nuclear power market after the Asian country hired Lloyd's Register to evaluate its nuclear reactors, according to a director at Lloyd's.
Britain-based advertising group WPP denied a report from The Daily Mail's that the company is planning a takeover bid for US-based marketing group Interpublic (IPG).
The Confederation of British Industry said they are campaigning for a reformed European Union for British interests.
Centrica decided to scrap plans for £2 billion wind farm unless the government subsidies to be given will be significantly increased.
The privatization deal for Royal Mail had received a government estimated number of more than 700,000 applications for the company's shares, said a Reuters report.
Sources told Reuters that British retailer Poundland was considering going public next year. Sources told Reuters that Poundlad was mulling an initial public offering (IPO) in the first half of 2014.
Seeing a possible windfall of money from oil and gas rich investors, Britain is urging banks to create instruments to address the USD2.6 trillion market by 2017.
Britain's Royal Mail had received GBP1.4 billion in credit facilities according to a Sky News Report on Tuesday.
Spain may seriously consider taking their Gibraltar dispute with Britain to the United Nations for support on the issue.
