Tag: United Kingdom

• Wednesday, May 12th 2010 - 01:20 UTC

  Bank of England “No-Change” Policy; Leaves Assets-Purchase Program at £ 200bn

  

  The Bank of England held interest rates at record lows as policy-makers weighed up the impact of a Eurozone bailout and a hung parliament. The Bank's Monetary Policy Committee voted to hold rates at 0.5% and left its £200 billion program to boost the money supply unchanged.

• Tuesday, May 11th 2010 - 21:48 UTC

  PM Cameron Ends 13 Years of Labour Rule; First Coalition Government in 70 Years

  

  Conservative leader David Cameron became on Tuesday the new UK prime minister after the resignation of Gordon Brown. Mr Cameron, 43, entered 10 Downing Street after travelling to Buckingham Palace to formally accept the Queen's request to form the next government.

• Tuesday, May 11th 2010 - 03:40 UTC

  PM Brown Steps Down to Open Way for Labour Government with Lib Dems

  

  British Prime Minister Gordon Brown has announced he will step down as Labour leader by September, as his party opens formal talks with the Lib Dems about forming a government.

• Monday, May 10th 2010 - 05:38 UTC

  Cameron Inching Closer to 10 Downing, but Minority Government an Option

  

  Negotiators for Conservative David Cameron and Liberal Democrat Nick Clegg completed their third session in search of a deal to form a new British government as they faced pressure to reassure investors over political stability.

• Saturday, May 8th 2010 - 06:36 UTC

  Tories and Lib Dems Hold Coalition Talks; Agree PM Brown Should Walk Down

  

  Conservative leader David Cameron has reached out to the Liberal Democrats in an effort to form a government after the UK general election resulted in a hung parliament. The Tory leader, whose party won most seats but was short of a majority, said he wanted to make a “big open and comprehensive offer” to the Lib Dems.

• Saturday, May 8th 2010 - 01:23 UTC

  Falklands’ Rockhopper “High Quality Reservoir” Oil Find Boosts Shares

  

  Rockhopper Exploration (LON:RKH) oil discovery in the Falklands Islands is of “good” quality said on Friday a release from the company. The announcement had a positive impact on shares of all Falklands’ oil explorers.

• Friday, May 7th 2010 - 05:42 UTC

  Hung Parliament in UK: Labour Looses but Cameron Short of a Majority

  

  British Conservative Leader David Cameron said the Labour government has lost its mandate to govern, as exit polls suggested the Tories have won the largest number of seats in Britain's national election, but will not gain a majority.

• Thursday, May 6th 2010 - 19:23 UTC

  Strong Argentine Reaction to Falklands’ Rockhopper Oil Discovery Announcement

  

  The Argentine government rejected British oil company Rockhopper Exploration's earlier announcement regarding the finding of oil in Falklands/Malvinas Islands, warning that the government “will take the necessary actions to avoid Great Britain from taking illegal possession of Argentina's non-renewable resources.”

• Wednesday, May 5th 2010 - 23:53 UTC

  UK Hung Parliament, 43% or Tories, 36% Anticipates The Guardian/ICM Poll

  

  All three British main parties will have reason to be disappointed if the Guardian/ICM eve-of-poll survey is reflected in election results Thursday night. The Conservatives are set to fall well short of the convincing majority that, not long ago, seemed within their grasp. Labour faces one of its lowest votes of modern times and the Liberal Democrats may fail to make their hoped-for breakthrough to second place.

• Wednesday, May 5th 2010 - 21:28 UTC

  Fresh Volcanic Ash Cloud Delay Hundreds of Flights in Scotland and Ireland

  

  Thousands of passengers are facing long delays after airports in Scotland and Ireland closed because of a fresh cloud of volcanic ash from Iceland. Flights have been grounded in Glasgow, Prestwick and Derry since 0700 BST, while the airspace over Dublin, Belfast and Edinburgh has also since closed.