Rover fund leaves Â£50m untouched
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Up to Â£50m of government funds set aside to help MG Rover workers has not been used, official figures show.
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Britainâs prime minister, Gordon Brown, denied reports that he had made a deal with Richard Branson over the sale of Northern Rock during a trip to China and India.
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THE British government today raised its pledge for aid to the tsunami disaster to Â£50 million ($124.22 million), up Â£35 million ($86.96 million) from yesterday, the Department for International Development said.
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The Bank of England left interest rates unchanged for a third successive month on Thursday amid speculation borrowing costs may remain at 4.75 per cent well into next year as the economy cools.
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MG Rover Group Ltd., the last British volume carmaker, is ``confident&#39;&#39; it will sign a 1 billion-pound ($1.86 billion) investment agreement with Shanghai Automotive Industry Corp.
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âThe firms have agreed to contribute without admissions to a fund, which will be available for distribution to eligible individuals who invested in zero dividend preference shares
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A childrenâs charity says it wasnât told of mortgage debt risks.
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Index funds aren&#39;t splashy. They never lead the &quot;mutual fund of the month&quot; lists or get plugged by commentators on the financial news.
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The Bank of England provided emergency funding to mortgage lender Northern Rock PLC on Friday after the bank, citing the global credit squeeze triggered by the U.S. subprime mortgage crisis, said it was unable to line up short-term loans from other financial institutions. Even after the central bank issued a statement saying Northern Rock was solvent, slow moving lines of customers snaked through its doors to make withdrawals.
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Australian building products company James Hardie Industries NV broke the Corporations Law in February 2001 when it announced its fund to compensate asbestos disease sufferers was &quot;fully funded,&quot; a special inquiry has found.
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The Bank of England said Wednesday that it received no bids during an auction for 10 billion pounds of emergency funds made available amid the global credit squeeze.
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UK carmaker MG Rover denies a report which says the firm is to be taken over by China's largest automaker - Shanghai Automotive Industry Corporation.
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A funding watchdog says there is no evidence to suggest that the Â£30m spent changing prisoners' behaviour is working.
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Labour MPs oppose a suggestion that political donations - including from unions - be capped at Â£50,000.
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Hong Kong Reit, the worldâs largest real estate investment fund remained in suspension as Hong Kongâs Housing Authority, Reitâs regulator, failed to list the fund due to an unresolved lawsuit.
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Don't worry. You still have plenty of places to put your money.
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LONDON - The Beagle 2 space probe failed to land safely on Mars because the British government tried to fund the mission &quot;on the cheap,&quot; a parliamentary committee has charged.