London - Britain's nationalized mortgage lender Northern Rock said Tuesday it was "well ahead" of its government loan repayment target, having paid back more than half of the 26 billion pounds (45 billion dollars) in emergency loans from the Bank of England.
Government-appointed Northern Rock chief executive Ron Sandler said that, as at September 30, the sum of 11.4 billion pounds was still outstanding.
Since nationalization of Britain's fifth-biggest mortgage lender in February, Sandler's strategy has involved halving the balance sheet to 50 billion pounds by the end of
2011 by stopping all business lending and accelerating mortgage redemptions for existing customers.
London, Oct. 14 : Former British Prime Minister Tony Blair is facing a sleaze probe last night over claims he lied to MPs about a funding scandal.
Commons Speaker Michael Martin may recall Blair to Parliament to give him a chance to give his side of the story. Martin is “deeply concerned” over secret papers that said Blair did not tell the truth, The Sun says.
They show he personally intervened to exempt Formula 1 racing from a tobacco ad ban hours after meeting the sport’s multi-millionaire boss Bernie Ecclestone, who donated one million pounds to Labour, influenced the 1997 decision.
But the papers show he asked an aide just hours after the meeting to signal his support for the move.
London- The recovery of the London stock market continued into a second day Tuesday as co-ordinated efforts to stabilize the financial sector pushed the Financial Times Share Index (Footsie) 4 per cent higher in early trading.
The Footsie rose by 157 points to 4,413.9 points during morning trading, but the shares of of leading banks remained volatile after the bail-out plans announced Monday.
Royal Bank of Scotland, which is in line to receive 20 billion pounds (35 billion dollars) under the cash injection scheme, was up 5 per cent, while Barclays' shares rose by
London, Oct. 14 : The British Ministry of Defence has confirmed that up to two million records of potential armed forces recruits have gone missing.
Last week the Ministry of Defence said a computer hard drive with the private details of 100,000 members of Army, Royal Navy and RAF personnel, of all ranks, had gone missing from the premises of contractor EDS in Hook, Hampshire.
London, Oct 14 : A new research has claimed to have found a possible new route taken by early modern humans as they expanded out of Africa to colonize the rest of the world, namely a “wet corridor” through Libya for ancient human migrations.
According to a report by BBC News, rivers once flowed from the central Saharan watershed all the way to the Mediterranean.
This might have enabled modern humans to spread beyond their ancestral homeland about 120,000 years ago.
London- The recovery of the London stock market continued into a second day Tuesday as co-ordinated efforts to stabilize the financial sector pushed the Financial Times Share Index (Footsie) 4 per cent higher in early trading.
London, Oct. 14 : The British Ministry of Defence has confirmed that up to two million records of potential armed forces recruits have gone missing.
London - British inflation rose to 5 
London, Oct 14 : A new research has claimed to have found a possible new route taken by early modern humans as they expanded out of Africa to colonize the rest of the world, namely a “wet corridor” through Libya for ancient human migrations.
