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UK Business News
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News
UPDATE 1-Australia's IAG flags possible sale of UK unit
* Has struggled with UK unit losses * UK unit valued at A$550 million in IAG's books * A sale could fetch less than half of book value-analyst * IAG hires Evercore Partners to help with review * Shares ...

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Australia's IAG flags possible sale of UK unit
SYDNEY (Reuters) - Insurance Australia Group flagged a possible sale of its loss-making UK business valued at A$550 million (343.46 million pounds) in its books after years of struggle with the business, sending its shares up as much as 2.7 percent. Australia's top car and home insurer, which is focusing on Asia for growth, said on Thursday it is undertaking a review of the UK operations that ...

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UK gas prices fall as main Norway supply restarts
* Gas flow via Langeled expected up at 35 mcm/day * Cheaper coal pushes gas out of the generation mix * Weather forecast colder than normal LONDON, May 16 (Reuters) - British prompt gas prices fell onWednesday ...
 
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UK trade deficit narrows in March
The UK's overall trade gap in March narrowed to £2.7bn, but the deficit for trade in goods alone was unchanged at £8.6bn, official figures show.
 
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