U.K. & Ireland
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.
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.