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Royal Mail rallies as FTSE advances

LONDON - Britain's top equity index marched higher on Friday, building on gains made over the last two days, while a positive broker note boosted the shares of Royal Mail .

Recent Business News

Insurer Admiral's turnover falls in competitive car market

LONDON - British motor insurer Admiral Group said on Friday turnover fell in the third quarter by 3 percent from a year earlier in a competitive market.

8:11am GMT

UK hiring and pay growth slow in October - recruiters

LONDON - Permanent hirings by British firms via recruitment companies rose at the slowest pace in nearly a year in October and growth in starting salaries also weakened, a survey showed on Friday.

12:05am GMT

British Airways-owner IAG signals maiden dividend

LONDON - British Airways-owner IAG laid out plans to pay a maiden dividend on Friday, coming of age three years after the merger between BA and Spain's Iberia in 2011 that created the group.

Facing U.S. safety probe, Honda expands air bag recall

DETROIT - Honda Motor Co, facing a U.S. safety probe, strengthened its recall of U.S. cars to replace potentially defective Takata Corp air bags linked to several deaths.

8:29am GMT

Puma footwear sales up for first time in seven quarters

HERZOGENAURACH Germany - German sportswear firm Puma reported its first increase in footwear sales in almost two years and strong sales of its Arsenal jerseys as it increased its sales target for 2014, while paring its margin forecast.

7:47am GMT
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