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Goldman tax deal lawful, but 'not glorious': UK judge
ReutersLONDON (Reuters) - A tax deal between the British government and Goldman Sachs worth up to 20 million pounds ($30 million) to the U.S. bank was lawful but "not a glorious episode" for the tax authority, a judge ruled on Thursday. UK Uncut Legal Action, a...Tags: Business Enterprises, Business, Goldman Sachs Group, Inc.
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Europe banks hesitate to join rush for new share capital
ReutersLONDON (Reuters) - A wave of investor demand that has allowed Deutsche Bank and two other lenders to raise six billion euros ($7.7 billion)in new share capital in the past month is unlikely to prompt other European banks to go to their shareholders for...Tags: Finance, Politics, Elections, Germany, Economy, Business and Finance
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Thomas Cook flags return to dividends after refinancing
ReutersLONDON (Reuters) - Thomas Cook unveiled a 1.6 billion pound ($2.4 billion) refinancing plan on Thursday designed to cut debt and enable it to resume paying dividends in the latest stage of a turnaround at the world's oldest travel firm. The 172-year...Tags: Trips and Vacations, Finance, Economy, Business and Finance, European Debt Crisis, Travel
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REFILE-Bank documents portray Cyprus as Russia's favourite haven
ReutersBy Stephen Grey, Michele Kambas and Douglas Busvine NICOSIA, May 15 (Reuters) - When the Cyprus bank run began earlier this year, Russians set much of the pace. Documents seen by Reuters show that as the Mediterranean island headed towards financial...Tags: Finance, United Capital Corp., Economy, Business and Finance, Cyprus, Mauritius
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Royal Bank of Scotland to cut 1,400 jobs in UK
ReutersDUBLIN (Reuters) - Royal Bank of Scotland will cut 1,400 jobs over the next two years in a restructuring of its retail head office in Britain, the part-nationalized bank said on Thursday. In a statement, the chief executive of RBS's UK retail business,... -
Prospects improve for UK sale of Lloyds stake
ReutersEDINBURGH (Reuters) - The chances of Britain selling its stake in Lloyds improved during 2012 and the government should be able to start offloading its shares "over time", the bank's chairman told shareholders on Thursday. Shares in Britain's biggest...Tags: Finance, Economy, Business and Finance, Financial Markets
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ANALYSIS-UK trade may struggle to stand still after EU exit
Reuters* UK would need to negotiate new free trade rules with partners * UK would drop out of US-EU trade talks and other bilateral deals * City of London expected to suffer from lack of say in EU rules By Tom Miles GENEVA, May 16 (Reuters) - As British...Tags: International Organizations, European Union, Finance, Trade Dispute, Economic Organization
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UK lawmakers find Google misleading on tax
ReutersBy Tom Bergin LONDON, May 16 (Reuters) - Google Inc faced angry questions on Thursday from British lawmakers investigating its tax affairs and whether it had misled parliament in testimony last year. Google's Northern Europe boss, Matt Brittin, was...Tags: Microsoft Corporation, Starbucks Corp., Crime, Law and Justice, Politics, Google Inc.
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UK politician sues for defamation in high-profile Twitter case
ReutersBy Estelle Shirbon LONDON, May 16 (Reuters) - A retired British politician sued the wife of the House of Commons Speaker for defamation on Thursday, accusing her of implying in a tweet that he was a paedophile guilty of sexually abusing boys living in...Tags: Politics, Twitter, Inc., Trials, Social Media, BBC
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Analysis: UK trade may struggle to stand still after EU exit
ReutersGENEVA (Reuters) - As British Prime Minister David Cameron struggles to accommodate eurosceptics in his own party, trade experts warn that quitting the European Union would force Britain not just to rework trade relations with the EU, but also with the...Tags: Finance, David Cameron, Politics, Economic Organization, Economy, Business and Finance
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Latvia's Riga Film Fund Spreads the Love/Lati
VarietyThe Riga Film Fund in Latvia, the only Baltic country to offer production support to international projects, has awarded Lati 313,547 ($582,000) to six international co-productions. The fund offers cash rebates for up to 20% of the local production spend...Tags: Russia, Riga (Latvia), Movies, Entertainment, Baltic Region
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Film and TV Production Heats Up in Budapest
VarietyThe Hungarian capital, Budapest, couldn't be hotter. "This year feels like one of the busiest the (Budapest production) community's had since the tax rebate came into existence. The capacity of the town is at its maximum," says Adam Goodman, who runs...Tags: NBCUniversal, A Good Day to Die Hard (movie), MGM Inc., Television, Twentieth Century Fox Film Corp.
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