Britain’s Tesco (TSCO.L) is to lend U.S. billionaire Ron Burkle’s Yucaipa investment company 80 million pounds ($126 million) to take the loss-making Fresh & Easy stores off its hands, marking the end of a six-year attempt to crack the U.S. market. Tesco, the world’s third largest retailer, said on Tuesday […]
Tag: Britain
Britain upgrades Q2 growth to 0.7% from 0.6%
Britain’s economy grew faster than thought in the second quarter, official data showed on Friday, extending a broadly based recovery. Gross domestic product (GDP) — the total value of goods and services produced in the economy — grew by 0.7 percent in the second quarter, the Office for National Statistics […]
FCA fines Nigerian bank £525,000 over money-laundering controls
Britain’s financial services regulator said on Friday it had fined the UK subsidiary of Nigeria’s Guaranty Trust Bank (GUARANT.LG) (GUARq.L) 525,000 pounds for failing to have adequate controls to prevent money laundering. The Financial Conduct Authority (FCA) said that between May 2008 and July 2010, GT Bank UK had failed […]
