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British Prime Minister Gordon Brown has defended his government’s decision to nationalise financial institution Northern Rock and take control of the banks, saying the move helped saved families and jobs. Brown attacked The Conservative Party, which plans to campaign with ‘Vote for Change’ at the next general election, by saying their policies have remained the [...]
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With hundreds of years of financial tradition, Scotland is a must-consider for Australian finance companies looking at expanding to the UK and Europe. The Scottish financial services industry is one of the most competitive in Europe, and one of the most important and fast-growing sectors of the Scottish economy. Scotland is now recognised as one [...]
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Recent estimates of the UK’s gross domestic product show that the besieged nation may have finally emerged from its recession. According to the National Institute of Economic and Social Research, there was 0.3 percent rise in GDP in the December quarter. This follows a rise of 0.2 percent in the three months to November 2009. [...]
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Looming industrial action by British Airways (BA) staff could affect the travel plans of Australians flying with Qantas to Britain. BA staff voted to strike for 12 days over the holiday season to dispute job cuts and salaries. If the stoppage goes ahead from next Tuesday as planned, up to a million passengers could be [...]
...read moreBritish biotech leaders will be out in force at Melbourne’s AusBiotech 2009 trade show from October 27-30, looking to develop partnerships with their Australian counterparts. The UK delegation comprises of 19 companies, academics and government organisations, in addition to an already strong British presence attending the event independently, including GlaxoSmithKline, AstraZeneca and Roche. “The UK [...]
...read moreThe Asian property market is recording a faster than expected rebound, with declines in office rents moderating in the September quarter across much of Asia due to the strength of the Asian economy compared with the USA and UK, according to Jones Lang LaSalle’s Global Market Perspective report for October. The report states that the [...]
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A trade delegation of 27 companies due to visit Australia later this month is the largest of its kind from the UK in more than a decade, according to UK Trade & Investment. Australia’s economic resilience is proving to be a magnet for British companies, said Richard Morris, director-general of UK Trade & Investment: “British [...]
...read moreWheat trader Graincorp has announced the $757 million acquisition of global company United Malt Holdings (UMH). The acquisition will enable the Australian company to become an international business, with operations in Canada, the UK and USA as well as domestically. Graincorp is largely known for its wheat export and marketing business and the acquisition will [...]
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Although best known for whiskey and golf courses, Scotland provides an excellent hub for Australian companies expanding to the UK or Europe. Located north of the English border, Scotland boasts a highly educated population, several thriving economic sectors, a long-standing culture of innovation and easy access to mainland Europe. Given the strong historic and cultural [...]
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China and the UK have entered a series of trade and investment deals worth US$500 million, which will boost environmentally-friendly industries in both countries. UK Prime Minister Gordon Brown identified environmentally-friendly industries as a key growth area for the nation and expressed enthusiasm toward developing trade with an emerging growth economy like China. Included in [...]
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