Dec 3 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
The cost of insuring British debt against default has fallen below the levels for the US, Switzerland, Japan and every major eurozone state except Germany, marking a dramatic change of view on UK’s economic prospects.
Britain’s second biggest pawnbroker Albemarle & Bond has put itself up for sale and said that the process includes the possibility of a takeover offer for the company although there could be no certainty that the offer will be made.
NATWEST AND RBS CARDS DECLINED DUE TO IT MELTDOWN ON MEGA MONDAY
A technological banking glitch on one of the busiest online shopping days of the year left millions of shoppers unable to pay for transactions using their credit or debit cards.
TRIAL BEGINS FOR FORMER BP ENGINEER ACCUSED OF DESTROYING OIL SPILL EVIDENCE
Jury selection began Monday for the Justice Department’s case against a former BP drilling engineer charged with deleting text messages and voicemails about the company’s response to its massive 2010 oil spill in the Gulf of Mexico.
An official money advice service bankrolled by every retail financial institution in Britain is being accused by MPs of wasting a large chunk of its 81million pounds budget and paying some of its executives far too much.
Dozens of Antipodean victims of thalidomide won a 52million pounds payout from Diageo yesterday as the British drinks company settled longstanding liabilities associated with the drug.
A former board member of Northern Rock will this week be named as the first permanent boss of the British Business Bank, one of the Government’s flagship projects for stimulating lending to smaller companies.
Households are pulling money out of their savings accounts at the fastest rate in modern record, according to Bank of England figures. In the past year, families have withdrawn £23bn from their long-term savings account to convert into cash and put into current accounts.