BT shares plunge on cost of Italian accounting scandalShares in telecoms giant BT plunged by almost a fifth Tuesday after the London-based company warned that the cost of an accounting scandal at its Italian business is bigger than expected and will weigh ...
UK public finances data suggest Hammond likely to hit deficit target
Britain cut its budget deficit by slightly less than expected last month but a better than previously thought performance in November could help Chancellor Philip Hammond to hit his target for the current financial year. Official figures on Tuesday showed public borrowing in December alone fell by 5 percent to 6.9 billion pounds, higher than a median forecast of 6.7 billion pounds in a Reuters poll of economists. The Office for National Statistics revised the shortfall in November to 11.3 billion pounds from a previous estimate of 12.6 billion pounds.
British Gas to pay 9.5 million pound for customer billing failings - Ofgem
(Reuters) - Centrica-owned British Gas has to pay 9.5 million pounds ($11.9 million) in compensation to customers who faced billing problems after the household energy supplier upgraded its system in 2014, UK energy market regulator Ofgem said on Tuesday. Ofgem said British Gas, Britain's biggest energy supplier, had shown failings in its registrations, complaints handling and billing processes for business customers and over 6,000 new customers had experienced delays registering with the supplier. The 9.5 million pounds comprises payments to affected customers and payments to a charity to help energy customers in need, Ofgem added.
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Romanian businessman jailed for bribing judges dies
Dan Adamescu, one of Romania's richest businessmen who was serving a prison sentence for bribery, has died. He was 68. Daughter-in-law Adriana Constantinescu told Romania TV that Adamescu died early Tuesday ...
Senate Democrats to propose $1 trillion infrastructure plan
Senate Democrats say they plan to offer a proposal Tuesday to spend $1 trillion on transportation and other infrastructure projects over 10 years in an attempt to engage President Donald Trump on an issue ...
The Latest: Downing Street reacts to losing Brexit case
Roger Federer rolls into all-Swiss Australian Open semi
Roger Federer beat giant-killer Mischa Zverev to become the Australian Open's oldest men's semi-finalist in nearly 40 years on Tuesday, as fellow veteran Venus Williams also rolled back the years. The stylish Swiss made light of the challenge posed by German serve-volleyer Zverev, who stunned top seed Andy Murray in the fourth round, to reach a record-extending 41st Grand Slam semi-final. Federer won 6-1, 7-5, 6-2 in just 92 minutes to set up a last-four clash with his compatriot Stan Wawrinka, who won a bad-tempered quarter-final with Jo-Wilfried Tsonga 7-6 (7/2), 6-4, 6-3.
Venus Williams, Federer through to semifinals in Australia
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