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Construction weakest in six months in December - PMI

LONDON - British construction output contracted at the fastest rate in six months in December, driven by a steep reduction in house building, a survey showed on Thursday.

Recent Business News

Spain's iconic Parador hotels to lay off hundreds

MADRID - Spain's Parador hotel chain will lay off 350 staff, unions said on Thursday, adding an enduring symbol of a still robust tourism industry to the list of victims of the country's economic crisis.

Spain 1:03pm GMT

CRH spent $496 million on deals in second half

DUBLIN - Irish building materials group CRH said it spent 375 million euros $496 million (306.51 million pounds), mostly in North America, on 18 deals in the second half of last year.

11:45am GMT

Waitrose posts record sales in run-up to New Year

LONDON - Upmarket British grocer Waitrose said it followed record Christmas sales with record trading in the run-up to the New Year holiday, driven by robust demand for champagne and party food.

11:29am GMT

German unemployment edges up but holds near lows

BERLIN - Numbers of Germans out of work rose for the ninth month running in December but held close to a post-reunification low, adding to signs Europe's largest economy remains relatively unscathed by the region's crisis.

11:44am GMT
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