LONDON (Reuters) - Japan's Sumitomo Mitsui Banking Corp (SMBC) has sold a 260 million pound ($400 million) stake in Barclays , about half its holding in the British bank.

LONDON, June 6 (Reuters) - Japan's Sumitomo Mitsui Banking Corp (SMBC) has sold a 260 million pound ($400 million) stake in Barclays, about half its holding in the British bank.

LONDON, June 6 (Reuters) - Japan's Sumitomo Mitsui Banking Corp (SMBC) has sold a 260 million pound ($400 million) stake in Barclays, about half its holding in the British bank.

LONDON, June 6 (Reuters) - Japan's Sumitomo Mitsui Banking Corp (SMBC) has sold a 260 million pound ($400 million) stake in Barclays, about half its holding in the British bank.

LONDON (Reuters) - Tesco , the world's No.3 retailer, posted a drop in quarterly underlying sales in its main British market, resuming a trend seen for most of the past three years and raising doubts about its 1 billion pound ($1.5 billion) turnaroun

British bookshops are pleading with the government to stand up for them against Amazon after France pledged €9m (£7.7m) of funding to help its booksellers fight back against the "destroyer of bookshops". Tim Godfray, chief executive of the

* British pound and EU membership key to economic success

By Mario Sant Singh:The greenback rose versus all of its 16 most-traded peers last week. A good gauge of its strength is seen in the Dollar Index, which rose to 84.25 at the end of last week, the highest since July 2012. The Dollar Index is used by t

"The British Pound may struggle to hold its ground ahead of the Bank of England (BoE) Minutes as the headline reading for U.K. inflation is expected to slow to an annualized rate of 2.6% in April.

By Dr. Duru: The U.S. dollar had a good week ending May 17th. The dollar index (UUP) closed the week above what I call the "QE2 reference price," the level of the index the day before Federal Reserve Chair Ben Bernanke telegraphed the imminent arriva

LONDON, May 19 (Reuters) - Bus and rail operator FirstGroup plans to announce a 600 million pound ($911.5 million) rights issue in the coming days to help pay off debt, British media reported on Sunday.

LONDON, May 19 (Reuters) - Bus and rail operator FirstGroup plans to announce a 600 million pound ($911.5 million) rights issue in the coming days to help pay off debt, British media reported on...

LONDON, May 19 (Reuters) - Bus and rail operator FirstGroup plans to announce a 600 million pound ($911.5 million) rights issue in the coming days to help pay off debt, British media reported on Sunday.

May 15 (Reuters) - British industrial group Lonrho Plc said it received a 174.5 million pound ($266.23million) buyout offer from FS Africa.

May 15 (Reuters) - British industrial group Lonrho Plc said it received a 174.5 million pound ($266.23 million) buyout offer from FS Africa.

LONDON, May 14 (Reuters) - The euro rose to a session high against the dollar and a near three-week high against the British pound on Tuesday on signs of healthy demand for Spanish debt at a bond...

LONDON, May 14 (Reuters) - The euro rose to a session high against the dollar and a near three-week high against the British pound on Tuesday on signs of healthy demand for Spanish debt at a bond...

LONDON, May 14 (Reuters) - Property developer British Land is looking to sell its 255 million pound ($391 million)portfolio of retail properties in mainland Europe after theassets lost almost a fifth of their value on the back of theeconomic crisis i

LONDON, May 14 (Reuters) - Property developer British Land is looking to sell its 255 million pound ($391 million) portfolio of retail properties in mainland Europe after the assets lost almost a fifth of their value on the back of the economic crisi

LONDON, May 14 (Reuters) - Property developer British Land is looking to sell its 255 million pound ($391 million) portfolio of retail properties in mainland Europe after the assets lost almost a...

May 14 (Reuters) - British water company Severn Trent Plc could be the target of a 5.3-billion-pound takeover offer by a consortium led by Canadian infrastructure investor Borealis and the Kuwait Investment Authority, the Financial News reported on M

May 14 (Reuters) - British water company Severn Trent Plc could be the target of a 5.3-billion-pound takeover offer by a consortium led by Canadian infrastructure investor Borealis and the Kuwait...

May 14 (Reuters) - British water company Severn Trent Plc could be the target of a 5.3-billion-pound takeover offer by a consortium led by Canadian infrastructure investor Borealis and the Kuwait Investment Authority, the Financial News reported on M

May 14 (Reuters) - British water company Severn Trent Plc could be the target of a 5.3-billion-pound takeoveroffer by a consortium led by Canadian infrastructure investorBorealis and the Kuwait Investment Authority, the Financial Newsreported on Mond

The British pound is strengthening after some strong U.K. economic data. Manufacturing output climbed by 1.1% in March, beating expectations for 0.3% growth. Industrial output increased by 0.7%, also beating expectations for a 0.2% gain. All of this

LONDON, May 3 (Reuters) - The 4 billion pound ($6.20 billion) refinancing of Acromas, the private equity-owned firm behind travel company Saga and British motoring services firm the AA, will see a...

The US Dollar Index is testing key levels below the 82 support level.

LONDON, April 29 (Reuters) - The company behind British-based Formula One team Williams slumped to a 5 million pound ($7.8 million) pretax loss in 2012, after an accounting change deprived it of a slice of revenue from its involvement in the motor sp

LONDON, April 29 (Reuters) - State-backed British bank Lloyds is to sell its Spanish retail banking business to Banco Sabadell in exchange for an approximate 1.8 percent stake in the Spanish lender and will take a 250 million pound loss on the dispos

ByRichard Cox:The British pound (GBP/USD) is becoming one of the biggest movers in the forex markets, propelled in large part by the stronger U.K. GDP figures seen this week. This is supportive of ETFs like the Betashares British Pound ETF (ASX:POU)

LONDON, April 24 (Reuters) - British construction group Kier Group has agreed a 221 million pound ($338 million) bid for infrastructure and maintenance company May Gurney, trumping a rival bid from rival Costain.

The British finance minister said that London, taking a lesson from the euro zone crisis, would be unlikely to form a currency union with an independent Scotland.    

An independent Scotland would need to accept a degree of oversight on economic policy from London if it wished to keep the pound and enter a formal monetary union with the rest of the U.K., the British government said.

A British woman named Siobhon Peers took her father's ashes to a RBS bank branch to prove he was dead so she would stop getting letters about the £6 ($9.15) he owed.  From The Telegraph:  Although she sent a copy of her fat

"The British Pound pared the decline carried over from the previous week as the economic docket showed the core rate of U.K. inflation tracking higher in March. The sterling may continue to track higher over the next 24-hours of trading as we anticip

LONDON, April 15 (Reuters) - Bankers are working on a refinancing of the 4 billion pound ($6.2 billion) debts of the private equity-owned firm behind British motoring services firm AA and travel...

LONDON, April 15 (Reuters) - Bankers are working on a refinancing of the 4 billion pound ($6.2 billion) debts of the private equity-owned firm behind British motoring services firm AA and travel...

LONDON, April 15 (Reuters) - Bankers are working on a refinancing of the 4 billion pound ($6.2 billion) debts of the private equity-owned firm behind British motoring services firm AA and travel...

LONDON, April 12 (Reuters) - British payment processing company WorldPay has successfully raised a new 700 million pound-equivalent ($1.08 billion) loan that will be used in part to pay a dividend to...

LONDON, April 12 (Reuters) - British payment processing company WorldPay has successfully raised a new 700 million pound-equivalent ($1.08 billion) loan that will be used in part to pay a dividend to private equity owners that have also received perm

The annual pension payment for James Crosby, the former chief executive of the failed British bank HBOS, will still be over 400,000 pounds, 23 times more than the 17,700 pound average income of retired households in Britain.

EX-HBOS CHIEF SIR JAMES CROSBY GIVES UP KNIGHTHOOD AND PART OF PENSION Sir James Crosby, the former HBOS chief executive, is dramatically giving up his knighthood and almost a third of his 580,000 pound-a-year pension after being severely criticised

LONDON, April 9 (Reuters) - British businesses could face a 450 billion pound ($688.29 billion) bill as a result of plans to force pension funds to protect themselves from risk with extra capital,...

LONDON, April 9 (Reuters) - British businesses could face a 450 billion pound ($688.29 billion) bill as a result of plans to force pension funds to protect themselves from risk with extra capital, data from Europe's insurance and pensions watchdog sh

By FXstreet:The British pound benefited from U.K. economic data, as even though it reported a wider-than-expected trade deficit, the focus was on a positive surprise on the industrial production figure.But data could provide the Cable only temporary

DOHA, April 8 (Reuters) - PCP Capital Partners, an investment house run by British dealmaker Amanda Staveley and Qatar First Bank, have submitted a 250 million pound ($383.79 million) bid for for a U.S. Navy building in London's Mayfair.

April 4 (Reuters) - Restructuring specialist Hilco is set tothrow British entertainment retailer HMV a lifeline in a50 million pound ($75.90 million) deal that will save 2,500jobs, Sky News reported.

April 4 (Reuters) - Restructuring specialist Hilco is set to throw British entertainment retailer HMV a lifeline in a 50 million pound ($75.90 million) deal that will save 2,500 jobs, Sky News...

April 4 (Reuters) - Restructuring specialist Hilco is set to throw British entertainment retailer HMV a lifeline in a 50 million pound ($75.90 million) deal that will save 2,500 jobs, Sky News reported.

April 4 (Reuters) - Restructuring specialist Hilco is set to throw British entertainment retailer HMV a lifeline in a 50 million pound ($75.90 million) deal that will save 2,500 jobs, Sky News...