U.K. & Ireland News
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Barclays Plc, the U.K.’s second- largest bank by assets, will sell its entire $6.1 billion stake in BlackRock Inc. before the latest round of Basel rules stops it from counting the holding as capital.
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Chancellor of the Exchequer George Osborne’s scope to reshape the Bank of England just got wider as the departure of policy maker Adam Posen lengthens the list of key staff to appoint as he also redesigns the institution.
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London house values rose to a record this month and the city’s property market may be further boosted as investors seek a haven from the euro-area debt crisis, according to Rightmove Plc.
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Ryanair Holdings Plc, Europe’s biggest discount airline, predicted earnings will fall this year as a slowing European economy prevents it from increasing fares sufficiently to make up for surging jet-fuel costs.
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