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Centrica wins approval to buy British Energy stake
Centrica has won approval from the Office of Fair Trading to buy a 20 per cent stake in British Energy from EDF
FT

Women given antidepressant that can cause birth defects
Revealed: GPs still prescribing pill, despite evidence of risk in pregnancyThousands of women in the UK may be taking antidepressants prescribed by their GPs without knowing that the pills, which are hard to stop taking, could cause birth defects in unborn children.The problems relate to a class of drug known as SSRIs (selective serotonin reuptake inhibitors), which includes Prozac and, in particular, the British-made Seroxat.Several studies have shown a link to birth defects, particularly malformed hearts, in a small proportion of the babies born to women who were taking the drug in the early weeks of pregnancy.Most GPs in the UK believe that these drugs are safer than older antidepressants. Seroxat has been marketed to women as a drug to relieve anxiety and depression.In the US, the Food and Drug Administration, which licences medicines, issued a warning in 2005 and changed the status of Seroxat, which is sold there under the brand name Paxil. The FDA warns doctors 'not to prescribe
Guardian

British Pound Outlook Suffers on BoE Surprise - Can FOMC do Same?
The British Pound finished the week nearly unchanged against the resurgent US Dollar, as an impressive GBP rally gave way to a sharp reversal on surprise...
Daily FX

US Dollar Rallies as NFPs Fall By Much Less Than Expected, Japanese Yen Flounders as S&P 500 Surges 1.3%
. Canadian Dollar Sees Heavy Volatility after Employment Data Disappoints . British Pound Rebounds vs. Euro, Japanese Yen as UK Producer Output Prices...
Daily FX

Airlines slash fares for fall travel
American, United, US Airways and other airlines have slashed fares for fall travel from Phoenix to a variety of cities around the country.
AZ Central

Three British soldiers killed in Afghanistan attack
. Routine security patrol hit by roadside bomb and gunfire. Fourth soldier critically injured in Lashkar Gah ambushThree British soldiers working with special forces in Afghanistan were killed yesterday , taking the total number of British casualties to 195. A fourth soldier was injured and remains in a critical condition from the roadside ambush.The Ministry of Defence confirmed that the men died yesterday afternoon on a routine security patrol alongside Afghan security forces to the north of Lashkar Gah. Their Jackal vehicle was hit first by an explosion and then by gunfire.Their families have been notified. The MoD said they had requested a period of grace before names and any further details were released.The men belonged to the Special Forces Support Group (SFSG), which was formed in April 2006 to assist the SAS and Special Boat Service on operations, the Times reported.The SFSG is made up of personnel from the Parachute Regiment, the Royal Marines, and the RAF Regiment.Its main
Guardian

IIROC: Resume, Parta Sustainable Solutions Inc.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 7, 2009) - The following issue(s) will resume trading on the TSXV today: /T/ Company/Compagnie: Parta Sustainable Solutions Inc. TSXV Symbol/Symbole: PAS Resumption Time/Reprise: 12:30 ET /T/
Market Wire

Trade Idea: GBP/USD - Sell at 1.6835
The British pound slipped again after intra-day brief bounce to 1.6837, however, as cross-trading in sterling limited cable's downside to 1.6677 so far, suggesting minor consolidation would take place, however, renewed selling should emerge below the Tenkan-Sen (now at 1.6846) and bring another decline, below said support would bring correction...
Action Forex

Why You Must Shop Around For Home Insurance
It has arguably never been as important to shop around for home insurance as it is now, as the disparity between the average quote for those that compare deals and those that don't, continues to be substantial. Statistics from the AA's British Insurance Premium Index show that the cost of annual buildings insurance cover has risen for the sixth successive quarter to 223.92. However, those who shop around can pick up a premium for significantly less.
E-Zine

U.S. stocks climb after unemployment news
American, United, US Airways and other airlines have slashed fares for fall travel from Phoenix to a variety of cities around the country.
Market Watch

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