Yahoo! News: World - Britain

Music & games retailer Zavvi to close 22 stores (AP) Posted: 08 Jan 2009 05:23 AM CST AP - British music and entertainment retailer Zavvi will immediately close 22 stores and cut 178 jobs, the collapsed company's administrators said Thursday.

Beatrice's beamer stolen as she pops into shop (AFP) Posted: 08 Jan 2009 05:08 AM CST AFP - Princess Beatrice's BMW was stolen as she quickly went into a shop leaving the keys in the unlocked car's ignition, reports said on Thursday.

BoE set to cut rates to all-time low (AFP) Posted: 08 Jan 2009 05:05 AM CST AFP - The Bank of England was set later Thursday to slash interest rates to a new record low as Britain faces the prospect a painful recession stemming from the global financial crisis.

Sainsbury reports record Christmas season sales (AP) Posted: 08 Jan 2009 03:35 AM CST AP - J Sainsbury PLC, Britain's third largest supermarket chain, on Thursday said third quarter sales rose 4.5 percent, with trading on Christmas Eve and New Year's Eve at record levels despite the economic downturn.

British doctors scale Everest for medical breakthrough (AFP) Posted: 08 Jan 2009 03:34 AM CST AFP - British doctors scaling Mount Everest have measured the lowest human blood oxygen levels ever recorded, according to findings in the New England Journal of Medicine.

British Muslims warn Gaza conflict helps extremists (AFP) Posted: 07 Jan 2009 09:14 PM CST AFP - Leading British Muslims warned Prime Minister Gordon Brown in a letter Thursday that anger over the Israeli campaign in Gaza has reached "acute levels" and was empowering extremists, reports said.

Barclays bank announces 400 UK job cuts (AP) Posted: 07 Jan 2009 12:21 PM CST AP - British bank Barclays PLC said Wednesday it was cutting more than 400 technology jobs after a review of its operations.

Blair hails humanitarian lull in Gaza (AFP) Posted: 07 Jan 2009 11:56 AM CST AFP - The envoy of the main sponsors of the Middle East peace process, Tony Blair, on Wednesday hailed Israel's decision to halt its bombings for several hours a day to allow Gazans to get basic supplies.

Viyella latest UK icon to file for bankruptcy (AP) Posted: 07 Jan 2009 11:21 AM CST AP - Clothing store Viyella became the latest long-standing British retailer to succumb to dire retailing conditions and file for bankruptcy protection on Wednesday.

Subprime lender Cattles cuts jobs and costs (AP) Posted: 07 Jan 2009 08:32 AM CST AP - Subprime lender Cattles PLC said Wednesday it plans to cut 20 percent of its work force and reduce costs to preserve capital as uncertainty over its funding situation continues.

British interest rates expected to fall (AP) Posted: 07 Jan 2009 08:31 AM CST AP - The Bank of England is widely expected to cut interest rates Thursday by between a half and a full percentage point to their lowest level on record as it attempts to ward off a prolonged recession.

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