Yahoo! News: World - Britain

London market down in early trade (AFP) Posted: 10 Dec 2008 04:21 AM CST AFP - The London stock exchange was down in early Wednesday tradewhile the pound struck a record low against the euro, extending its recent weakness as Britain stands on the verge of recession.

Britain says most troops will leave Iraq by June (AP) Posted: 10 Dec 2008 03:27 AM CST AP - British troops will begin withdrawing from Iraq in March and will mostly be gone by June, the Ministry of Defense said Wednesday.

Researchers say UK economy shrank in last 3 months (AP) Posted: 10 Dec 2008 03:11 AM CST AP - Britain's economy shrank by 1 percent in the three months through November and is likely to contract by even more in the quarter through December, according to a report published Wednesday by a leading British research institute.

Britain could begin Iraq pullout in March (Reuters) Posted: 10 Dec 2008 02:52 AM CST Reuters - Britain could start withdrawing most of its remaining 4,100 troops from Iraq in March because "significant progress" has been made in improving security, the government said on Wednesday.

British troops out of Iraq by June: media reports (AFP) Posted: 09 Dec 2008 10:53 PM CST AFP - The British government is preparing to withdraw all troops from Iraq by next June, newspaper reports here said Wednesday.

Britain targets phony Afghan asylum seekers (AP) Posted: 09 Dec 2008 11:35 AM CST AP - Britain's Home Office says asylum seekers who say they are from Afghanistan will undergo tough interviews to check whether their claims are genuine.

UK's Land of Leather says takeover talks ended (AP) Posted: 09 Dec 2008 11:21 AM CST AP - British sofa retailer Land of Leather Holding PLC's share price plummeted 26 percent on Tuesday after it said that talks regarding a possible bid for the company had ended.

British central banker sees long, deep recession (AP) Posted: 09 Dec 2008 10:44 AM CST AP - A Bank of England rate-setter warned Tuesday that the current recession in Britain is likely to be as long and deep as the previous three major postwar downturns in the mid-1970s, early 1980s and early 1990s.

Coroner allows majority verdict at Menezes inquest (AFP) Posted: 09 Dec 2008 10:33 AM CST AFP - The coroner at the inquest into the death of a Brazilian mistakenly killed by anti-terror police said Tuesday he would accept a majority verdict from jurors, to help them agree a decision.

Ban on cigarette displays (AFP) Posted: 09 Dec 2008 08:20 AM CST AFP - The government unveiled plans on Tuesday to force retailers to keep cigarettes under the counter, in the latest move to reduce smoking.

Britain's Cameron urges Brown to call election (AP) Posted: 09 Dec 2008 08:05 AM CST AP - Britain's opposition leader on Tuesday urged Prime Minister Gordon Brown to call a national election and allow the public a say on reviving the country's economy.

Report: Tesco to be world no. 2 retailer by 2012 (AP) Posted: 09 Dec 2008 07:54 AM CST AP - Britain's Tesco PLC will overtake France's Carrefour SA to become the world's second-largest retailer by turnover behind U.S.-based Wal-Mart Stores Inc. by 2012, according to an industry report released on Tuesday.

Ross resigns Olympics role after shares disclosure (AP) Posted: 09 Dec 2008 07:30 AM CST AP - Carphone Warehouse co-founder David Ross resigned Tuesday from his post as an Olympic adviser to London Mayor Boris Johnson a day after revealing he had improperly disclosed his use of shares in the phone retailer to secure personal loans.

Jury considers verdict in car bombing trial (AFP) Posted: 09 Dec 2008 06:20 AM CST AFP - The jury in the trial of two British-based doctors accused of plotting an attempted car bombing in Glasgow and a failed attack in London retired to consider their verdicts Tuesday.

Poor economic data points at deep recession (AFP) Posted: 09 Dec 2008 06:06 AM CST AFP - The latest round of poor economic data signalled Tuesday Britain will experience a deep recession that could spark even more sharp interest rate cuts, analysts said.

Carphone founder quits over 200m pound share deal (AFP) Posted: 09 Dec 2008 04:46 AM CST AFP - The co-founder of Carphone Warehouse has resigned from its board after revealing he used his stake in the business to borrow millions of pounds without informing the company, reports said on Tuesday.

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