BP for extending marketing, pricing freedom to gas fields

Last Updated: Friday, September 11, 2015, 22:07

BP Plc, Europe's second-largest oil company, Friday made a case for extending the marketing and pricing freedom given to operators of marginal and small oil and gas fields to conventional fields like KG basin D6 block.

British Airways revamps its loyalty programme

Last Updated: Thursday, September 3, 2015, 21:04

UK's flag carrier British Airways has revamped its loyalty programme for business class travellers with a three-tier ranking system to boost earning power, handpicked offers and bonuses for members and a new easy-to-use online account management, among others.

British inflation rate edges up from zero

Last Updated: Tuesday, August 18, 2015, 15:56

"A smaller fall in clothing prices on the month compared with a year ago was the main contributor to the rise in inflation."

British Airways offers 15% discount on India-UK flights

Last Updated: Wednesday, August 12, 2015, 19:06

British Airways is offering a 15 percent discount on tickets from India to the UK and also some other European destinations.

UK cracks down on employing illegal workers

Last Updated: Monday, August 10, 2015, 20:37

UK immigration minister James Brokenshire issued a stark warning to so-called "rogue employers" of hundreds of raids to clamp down on the practice.

British oil company investigated for corruption in Somalia

Last Updated: Thursday, August 6, 2015, 22:14

An oil company chaired by a former leader of Britain`s ruling Conservative party is being investigated for alleged corruption in Somalia, claims the company slammed as "defamatory".

Britons prefer smartphones over laptops to go online: Watchdog

Last Updated: Thursday, August 6, 2015, 07:12

Smartphones have overtaken laptops as the preferred way for Britons to go online, driven by increased take-up of the devices and a jump in superfast mobile broadband subscriptions, the British telecoms regulator said on Thursday.

Standard Chartered slashes dividend on profit slump

Last Updated: Wednesday, August 5, 2015, 17:38

Asia-focused British bank Standard Chartered slashed dividends by 50 percent on Wednesday after profits plunged in the first half of the year, its first result under new leadership as it struggles to return to growth.

Barclays profits jump 45% awaiting new CEO

Last Updated: Wednesday, July 29, 2015, 14:27

Barclays increased net profits by 43 percent in the first half as cost-cutting and higher revenue offset provisions for settling a series of scandals, the troubled British bank announced Wednesday.

British economy bounces back in second quarter

Last Updated: Tuesday, July 28, 2015, 15:37

Gross domestic product grew 0.7 percent between April and June, the Office for National Statistics (ONS) said in an initial estimate. That matched analysts` forecasts.

Focus turns to The Economist after FT sale

Last Updated: Saturday, July 25, 2015, 09:18

The Economist Group could become the latest British media business to undergo a change of ownership this year as its co-owner Pearson focuses on education, bankers and industry sources said.

Pearson has decided to sell Financial Times, announcement due shortly: Source

Last Updated: Thursday, July 23, 2015, 16:34

British publisher Pearson has decided to sell the Financial Times newspaper to a global, digital news company, a person familiar with the deal said on Thursday.