LONDON (Reuters) – Travelex, the retail foreign exchange provider majority-owned by private equity firm Apax Partners, reported a 21 percent increase in profits on Monday and said it was considering a stock market flotation.
LONDON (Reuters) – A Scottish nationalist leader accused Britain on Sunday of disrespecting the Scottish parliament over its handling of a problem with a Scotland-based nuclear reactor, stoking tension between London and Edinburgh before an independence referendum.
LONDON (Reuters) – Mark Carney faces probably his toughest questioning so far as Bank of England governor next week when lawmakers will seize on a foreign exchange scandal to press their demands for tighter oversight of the central bank.
LONDON (Reuters) – The Bank of England may appoint a judge, academic or senior financial industry executive to run an independent inquiry into its actions in relation to allegations it allowed manipulation of the foreign exchange market, the Sunday Telegraph reported.
LONDON (Reuters) – Britain’s budget forecasts are in danger of becoming too reliant on hard-to-predict windfalls from the fight against tax avoidance, lawmakers said on Saturday.
LONDON (Reuters) – The bulk of investors in Britain’s 53 billion pound ($90 billion) commercial property market are opposed to the country leaving the European Union as it could force business tenants to re-evaluate their British presence, according to a survey.
LONDON (Reuters) – On the day another housebuilder joined the UK’s leading share index, Credit Suisse bucked the consensus and called the top of the market for one of the year’s best-performing sectors.
Pests shut Torrevieja park
Processionary caterpillars are still on the march with the biggest number of reported problems in recent years. The pests, which are harmful to children and lethal for pets, show no sign of abating across the region, leading to the closure of a Torrevieja park this week.
The hairs of the caterpillar larvae cause harmful reactions in humans and other mammals, with the species wintering in nests in pine trees, and then they “process” out, protected by their hairs in search of food. They often strip down a tree and once they have cleared it out of needles, they then form a line in search of additional nourishment. Their peak season for making an appearance is between February and April, with the mild winter producing more of them than normal.