U.K. & Ireland
`Overvalued' U.K. Housing Market May Not Return to Peak Prices Until 2014 U.K. house prices will probably fall
next year, and it may take until 2014 to return to the levels at
the 2007 peak of the country’s biggest housing boom, according
to a Bloomberg survey.
U.K. Shares Decline for Fourth Day on Concern Economy to Falter; Tui Drops U.K. stocks declined for a fourth
day after Morgan Stanley downgraded shares of Thomas Cook Group
Plc and Tui Travel Plc and concern grew that the economic
recovery may falter.
RBS Sells $7 Billion of Debt in Biggest U.S. Corporate Offering Since May Royal Bank of Scotland Plc, sold $7
billion of debt due in March 2012, according to data compiled by
Bloomberg, equaling the largest U.S. corporate sale since May.
U.K. Economy May Have Turned Corner, Pound to Spur Recovery, Gieve Says Former Bank of England Deputy
Governor John Gieve said the U.K. economy may have passed a
“turning point” as the pound’s slide helps it recover from the
longest recession on record.
UBS Hires Former ICAP, Citigroup Trader Knight to Head Hedge-Fund Sales David Knight, a former sales trader
at ICAP Plc and Citigroup Inc.’s equities businesses, is joining
UBS AG to lead a team of salespeople catering to hedge funds.
New Housing Registrations Rise in Sign `Worst May Be Over,' Builders Say U.K. new housing registrations rose
to the highest level since July 2008 last month in a sign “the
worst may be over” for construction companies, the National
House Building Council said.
Pound Falls Versus the Dollar, Euro and Yen on U.K. Budget-Deficit Concern The pound fell against the dollar,
the euro and the yen on concern that the U.K.’s worst budget
deficit since records began will hamper the nation’s recovery.
Fuller, City of London's Biggest Pub Owner, Expects `Tougher' Second Half Fuller Smith & Turner Plc, the U.K.
pub owner which makes London Pride ale, said first-half profit
rose 47 percent as the company benefited from acquisitions and
by selling more of its own beer brands.
First Quench Administrators to Close 381 Stores, Cut Almost 2,000 Jobs Administrators to First Quench
Retailing Ltd., the owner of U.K. liquor store chains including
Threshers and Wine Rack, will cut almost 2,000 jobs after
failing to find buyers to take on 381 outlets as going concerns.
Insurers Will Know Cost of U.K. Floods `Within Days,' Industry Group Says The cost to insurance companies of
this week’s flooding in parts of the U.K. will be known “within
a couple of days, if not later today,” according to the
Association of British Insurers.
Europeans Tussle for Regulatory Posts as Van Rompuy, Ashton Get Top Jobs The European Union’s major powers
began maneuvering to win jobs to regulate their $15 trillion
economy after leaders named Herman Van Rompuy as the EU’s first
president and Catherine Ashton as top diplomat.
Swine Flu Cases in Norway, Wales Indicate Mutation Into More Severe Virus Swine flu infections in which the
virus mutated to a form that’s more severe or less sensitive to
drug treatment are being investigated by European and U.S.
public health officials.
Homes Evacuated, Police Officer Missing as Record Floods Sweep the North Heavy rains in northwestern England
and southwestern Scotland triggered the region’s worst floods on
record, killing a policeman who was swept away in a swollen
river when a bridge collapsed.
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