uk-hotdailynews: 2015-03-04 U.K. Business

UK government sells Eurostar stake for £757.1m
BBC News
The UK government has announced that it is selling its 40% stake in the cross-Channel train operator Eurostar to an Anglo-Canadian consortium for £757.1m. Under the deal, Patina Rail LLP will acquire the UK Treasury's entire share of the high-speed rail ...

Chancellor offloads Eurostar to Canadian pension funds   The Independent
Britain agrees sale of Eurostar stake to UK, Canadian funds   Reuters
UK Government Sells Entire Stake in Eurostar Train Service   NDTV
Yahoo News UK
all 41 news articles »

BBC News

Workers' income still below pre-crisis levels, says IFS
BBC News
Real incomes for those of working age are still below pre-crisis levels, according to research by the Institute of Fiscal Studies (IFS). The think tank expects median income for those aged between 22 and 59 to be lower in 2014-15 than in 2007-08, after ...

Disappointing news about UK household income   Property Community
Incomes finally struggle back to pre-crisis levels   The Times (subscription)
Incomes 'at pre-recession levels'   Daily Mail
Herald Scotland
Reuters UK
Telegraph.co.uk
all 34 news articles »

euronews

Clothing bargains lead to 22nd month of shop price deflation
CITY A.M.
FALLING prices of non-food items such as clothing and DIY goods have dragged overall shop prices down for the 22nd month in a row. Figures released by the British Retail Consortium (BRC) and Nielsen today show that shop price deflation accelerated to ...

British shop price decline steepens in February - BRC   Reuters UK
Store wars see prices drop for 22nd month   Scotsman (blog)
British shop prices drop in February   Malay Mail Online
Retail Times
all 11 news articles »

The Guardian

RBS could cut 14000 staff in retreat from US and Asia
The Guardian
As many as 14,000 staff in the investment banking arm of Royal Bank of Scotland face the axe in the coming years as the bailed-out bank retrenches from its expansion into the US and Asia. The scale of the cutbacks – which would represent four in five jobs in ...

RBS to cut up to 14000 jobs in investment banking unit - FT   Reuters UK
RBS cutting up to 14000 investment banking jobs by 2019   Fortune
UK retreat from investment banking gathers pace   CNBC
THE BUSINESS TIMES
all 32 news articles »

The Independent

Barclays boss takes bonus despite £1.2bn forex fine
The Independent
Barclays' chief executive Antony Jenkins is taking his first bonus since replacing Bob Diamond in 2012, despite the bank raising the amount it has set aside for fines related to alleged foreign exchange-market rigging by £750m. Mr Jenkins saw his pay ...

FTSE CLOSE: Footsie slides into red on disappointing Barclays results   This is Money
Barclays Logs $268 Million 2014 Loss, After Charges for Potential Legal Costs   New York Times
Barclay's boss Jenkins has his 'L'Oréal moment'   Irish Times
CITY A.M.
Irish Independent
Daily Mail
all 339 news articles »

The Guardian

Corruption watchdog urges UK to curb hot-money flows into property
Reuters
LONDON, March 4 (Reuters) - Nearly 200 million pounds ($307 million) of money believed to be the proceeds of foreign corruption has been spent on British properties since 2004 and that amount is probably just the tip of the iceberg, a campaign group said.
London property boom built on dirty money   The Independent
London property used as haven for 'corrupt capital', says watchdog   Irish Times
British Real Estate Is Safe Haven for Dirty Money, Report Says   Bloomberg
Free Malaysia Today
VICE News
all 15 news articles »

GLOBAL MARKETS-US stocks retreat from record highs, dollar dips
Reuters Africa
NEW YORK, March 3 (Reuters) - U.S. stocks followed other equities markets lower on Tuesday, with major indexes pulling back from record highs as soft auto sales raised doubts about the U.S. economy, while the dollar fell from an 11-year peak versus a ...

and more »

The Independent