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Factbox: Britain's options for selling RBS, Lloyds Bank stakes

June 9, 2013 20:32
LONDON (Reuters) - Britain should hand most of its shares in Royal Bank of Scotland <RBS.L> and Lloyds Banking Group <LLOY.L> to the public, an influential think tank said, in what would be the country's biggest ever privatization. Here are the government's main options: DISTRIBUTION TO TAXPAYERS Sell a minority tranche of shares to institutional investors and distribute the rest to taxpayers.

UK lawmakers to launch inquiry into central bank watchdog's independence

June 9, 2013 20:31
LONDON (Reuters) - British lawmakers said they would conduct an inquiry into the independence of the Bank of England's new financial risk watchdog, following questions over its relationship with government and its appointment process. Doubts had been raised over the independence of the Financial Policy Committee, set up following the financial crisis in 2011 to pinpoint economic risks, parliament's Treasury Committee said in a statement on Monday.

Britain to launch public sale of Lloyds shares; RBS later: paper

June 9, 2013 20:31
LONDON (Reuters) - British finance minister George Osborne will launch the early sale to the public of shares in bailed-out lender Lloyds Banking Group <LLOY.L>, the Sunday Times reported without citing sources. Shares the government owns in Royal Bank of Scotland <RBS.L>, also rescued during the financial crisis, will be sold at a later date, the paper said. (http://link.reuters.com/zud78t)

BSkyB to cut broadband fees as it enters BT price war: paper

June 9, 2013 12:32
LONDON (Reuters) - British satellite TV firm BSkyB <BSY.L> will cut prices for its broadband packages in response to competition from BT's <BT.L> new sports channels, the Sunday Telegraph reported. The price cuts, which will apply to internet and television bundles sold by the Rupert Murdoch-owned firm, will be announced early this week, said the paper, citing unnamed sources.

Britain's Prince Philip, 91, in hospital for operation

June 7, 2013 09:23
LONDON (Reuters) - Queen Elizabeth's 91-year-old husband Prince Philip has been taken to a London hospital for "an exploratory operation following abdominal investigations", Buckingham Palace said on Thursday. The British monarch's husband is expected to spend two weeks at the London Clinic, the palace statement said. It gave no further details and said further updates would be issued when appropriate.

Ex-exec quizzed over CJ's overseas property deal

Yonhap News AgencyJune 5, 2013 15:13
SEOUL, June 5 (Yonhap) -- A former CJ Group executive suspected of playing a key role in managing a massive slush fund for the conglomerate's chairman was questioned by prosecutors over a suspicious overseas real estate deal, according to sources Wednesday. A prosecution probe into the food and entertainment conglomerate has been expanded to include its chairman Lee Jae-hyun, who is suspected of orchestrating the creation of a massive offshore slush fund and tax evasion.

Ex-exec quizzed over CJ's overseas property deal

Yonhap News AgencyJune 5, 2013 15:12
SEOUL, June 5 (Yonhap) -- A former CJ Group executive suspected of playing a key role in managing a massive slush fund for the conglomerate's chairman was questioned by prosecutors over a suspicious overseas real estate deal, according to sources Wednesday. A prosecution probe into the food and entertainment conglomerate has been expanded to include its chairman Lee Jae-hyun, who is suspected of orchestrating the creation of a massive offshore slush fund and tax evasion.

CJ used secret funds in overseas property deal: prosecution

Yonhap News AgencyJune 5, 2013 15:08
SEOUL, June 4 (Yonhap) -- The prosecution has secured a key piece of evidence that the Hong Kong-based animal feed subsidiary of CJ Group was deeply involved in a shady overseas real estate deal financed by the group's secret fund, sources said Tuesday. Food and entertainment conglomerate CJ has been under an intense prosecution probe into suspicions of creating a massive overseas slush fund, sneaking the money into South Korea and evading taxes in the process.

Tesco to revert to quarterly sales decline

June 3, 2013 09:00
By James Davey LONDON (Reuters) - Britain's biggest retailer, Tesco <TSCO.L>, is expected to slip back to an underlying sales decline when it publishes first-quarter trading figures on Wednesday, raising doubts about a costly recovery plan for its home market. Analysts are forecasting sales to have fallen 0.5 to 1 percent at British stores open more than a year, excluding fuel and VAT sales tax, for the 13 weeks to May 25, according to a Reuters poll.

Frenzied Edinburgh Festival Fringe grows again for 2013

May 30, 2013 12:49
By Ian MacKenzie LONDON (Reuters) - The 2013 edition of the rambunctious Edinburgh Festival Fringe will have more actors, jugglers, comedians, musicians and street performers than ever carousing through the streets of the Scottish capital when it opens in August. The Fringe, one of the world's greatest draws for aspiring and established live performers, said visitors will have the choice of more than 24,000 shows in theatres, bars, restaurants and in the streets during its three-week run from August 2.
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