U.K. & Ireland

Financial News

Lehman Cuts 750 European Fixed-Income Jobs After Bid to Find a Buyer Fails Lehman Brothers Holdings Inc., the securities firm that filed for bankruptcy two weeks ago, will eliminate 750 jobs in its European fixed income and personal investment management units after talks to find a buyer failed.

Pound Rises Most Against Euro Since 2001 as Bailout Plan Boosts Stocks The pound rose against the euro by the most in seven years as U.K. stocks rallied after U.S. lawmakers said they will salvage the $700 billion bank-bailout package rejected by lawmakers.

FSA Said to Open Investigation Into Short-Selling of British Banks' Stocks The U.K.'s securities markets regulator will investigate short-selling of British banks and financial-services companies to determine whether any illegal market abuse occurred, a person close to the planned probe said.

Anglo Irish Leads Surge in Irish Financial Stocks on Government Guarantees Anglo Irish Bank Corp. Plc, Ireland's third-biggest lender by market value, led a surge in financial stocks after the government guaranteed the deposits and borrowings of six lenders to calm investors after banks lost a quarter of their value yesterday.

RAB Capital Wins Vote to Freeze Redemptions on Flagship Fund for 3 Years RAB Capital Plc won a vote to freeze client redemptions for three years, stopping the liquidation of its flagship hedge fund after its value fell by half this year.

Acino, Deutsche Boerse, Fiat, Michelin, UniCredit: European Equity Preview The following companies may have unusual price changes in European trading. Stock symbols are in parentheses, and share prices are from the previous close.

Lloyds TSB Should Seek U.K. Guarantee as HBOS Drops Below Bid, Coffey Says Lloyds TSB Group Plc, the bank that agreed to buy HBOS Plc for almost $17.8 billion, should consider pressing the U.K. government to guarantee against a capital shortfall, Royal London Asset Management's head of equities said.

Manganese Bronze Offers to Examine 4,000 Taxis After Fires Trigger Recall Manganese Bronze Holdings Plc, the biggest maker of London's iconic black cabs, will offer safety checks for 4,000 taxis to boost confidence in the cars after a series of engine fires triggered a recall last week.

General News

Cameron to Say `Character and Judgment' Trump Brown's `Experience' in U.K. Conservative leader David Cameron plans to refute U.K. Prime Minister Gordon Brown's suggestion that he's a ``novice'' by saying the government's leadership needs character and judgment more than experience.

U.K. Police Arrest Three Suspects in Killing of Barclays Banker McGarahan U.K. police arrested three men in connection with the killing of Barclays Wealth Chief Operating Officer Frank McGarahan, who was assaulted after a night out.

Fire That Gutted Cutty Sark Probably Caused by Vacuum Cleaner, Police Say The fire that badly damaged London's Cutty Sark tourist attraction was probably caused by a vacuum cleaner that was accidentally left switched on over a weekend, the city's Metropolitan Police said.

FTSE 100 Index 

Futures 

U.K. Bonds 

Top U.K. Funds 

European Currencies