Business Headlines
Site: Google News U.K. - BusinessM&S slashes up to 1250 jobs - guardian.co.uk
 Telegraph.co.uk | M&S slashes up to 1250 jobs guardian.co.uk - Marks & Spencer is slashing up to 1230 jobs and shutting 27 stores after suffering its worst sales performance for a decade. The high street retailer announced this morning it will shut 25 "underperforming" food outlets and two main stores. M&S to cut 1230 jobs amid Christmas sales fall M&S to close stores and cut jobs |
Russia has cut off all Europe's gas supplies, says Ukraine - Telegraph.co.uk
 Canada.com | Russia has cut off all Europe's gas supplies, says Ukraine Telegraph.co.uk - Ukraine's gas company claims that Russia has cut off all gas supplies though the country, a move which would worsen a crisis which threatens to leave a number of European countries without heating in the midst of a winter chill. Video: Europe running out of gas Gazprom Halts Gas Supply to Europe Via Ukraine Pipes |
Debenhams beats City expectations with Christmas trading - Telegraph.co.uk
 BBC News | Debenhams beats City expectations with Christmas trading Telegraph.co.uk - Debenhams shares rose by 20pc yesterday after the 153-outlet department store retailer said that trading over Christmas was ahead of City expectations. Debenhams bolstered by upbeat trading data Trouble in store for Debenhams |
Ladbrokes TV ads banned for linking gambling to reckless behaviour - guardian.co.uk
Ladbrokes TV ads banned for linking gambling to reckless behaviour guardian.co.uk - The advertising watchdog has banned a tongue-in-cheek TV campaign by Ladbrokes for portraying gambling as a reckless pursuit. Its ruling followed just one public complaint, prompting the betting company to call for a review of the decision and brand it ... Online casino ad breached rules £1.5m bingo thrill-seeker ads banned |
Bank set to cut rates to record low - Reuters UK
 Telegraph.co.uk | Bank set to cut rates to record low Reuters UK - By Sumeet Desai LONDON (Reuters) - The Bank of England looks set to cut interest rates by at least half a percentage point this week to their lowest level on record as it tries to prevent the economy sliding into a long and painful recession. Bank ready for interest rate meeting Bank bosses may slash rates further |
Council tax debts: 1.2m in court - The Press Association
 BBC News | Council tax debts: 1.2m in court The Press Association - More than 1.2 million people received a court summons last year after falling behind with their council tax payments. Bailiffs also called on nearly 600000 council tax defaulters, the data showed, with councils filing for bankruptcy against 1706 people ... Thousands being made bankrupt thanks to council tax arrears Council tax forces thousands of vulnerable families and pensioners ... |
So long Woolies, you'll be missed - Mirror.co.uk
 BBC News | So long Woolies, you'll be missed Mirror.co.uk - By Paul Byrne 7/01/2009 Tearful staff were praised for "seeing the job through" yesterday as the final 200 Woolworths stores locked up for the last time. Hope over future of Woolies' stores Woolworths' shareholder slams chain's closure |
Christmas cheer for Co-op - Financial Times
 Talking Retail | Christmas cheer for Co-op Financial Times - By Sarah O'Connor The Co-op unveiled strong Christmas sales yesterday and stood by plans to spend almost £2bn next year on its food business in spite of the darkening economic outlook. Co-op reports Christmas cheer but faces new year price war from ... Co-op bucks retail trend with surging sales |
Iceland to sue UK over frozen assets - Independent
 Telegraph.co.uk | Iceland to sue UK over frozen assets Independent - By Mathieu Robbins Iceland's government risked re-igniting a simmering diplomatic row with Britain yesterday by saying it will fight to reverse the seizure by the Government of the UK assets of two of its biggest banks last year. Iceland drops legal threat over bank Kaupthing Singer & Friedlander sues Britain over UK subsidiary |
EDS pays £71m to settle tax credit fiasco - Telegraph.co.uk
 Sky News | EDS pays £71m to settle tax credit fiasco Telegraph.co.uk - EDS, the accident-prone government contractor, has finally paid up for the tax credits fiasco of 2003. By Josephine Moulds The US technology company yesterday paid HM Revenue & Customs the remainder of the £71.3m settlement, agreed in 2005 for the ... EDS settles benefit chaos claim with taxman Tax Rebate Phishing Scam |
Shrinking UK jobs market hits wages - Telegraph.co.uk
 BBC News | Shrinking UK jobs market hits wages Telegraph.co.uk - A shrinking UK jobs market and rising unemployment is stripping job seekers of the power to negotiate higher salaries, a report out today warns. Staff recruitment falling sharply Demand for staff shrinks at record pace |
Northern Rock's future under scrutiny as government dithers - Telegraph.co.uk
Northern Rock's future under scrutiny as government dithers Telegraph.co.uk - Government dithering over Northern Rock has forced the Financial Services Authority to waive its strict capital rules for an extra four months until a decision is made about the nationalised lender's future. Northern Rock investors press ahead with court case against Government All eyes on Northern Rock as investors go to court |
BA's premium traffic hit - Financial Times
 stv.tv | BA's premium traffic hit Financial Times - By Kevin Done in London British Airways suffered a steep fall in premium passenger traffic in December, as the impact of the recession in the UK and the turmoil in financial markets took a growing toll on demand from its most lucrative customers. Passenger figures down at BA BA traffic down again but company confident of hitting estimates |
Video gaming becomes family pastime - Financial Times
 BBC News | Video gaming becomes family pastime Financial Times - By Tim Bradshaw, Digital Media Correspondent Video gaming is fast becoming a family pastime, with the number of games sold in the UK last year reaching a record high. Record high for videogaming sales Wii boosts UK games sales, music resilient |
Why JLR needs cash help to ride out the crunch - LDPBusiness
 domain-B | Why JLR needs cash help to ride out the crunch LDPBusiness - IT WOULD be easy to look at recent footage of US motor industry bosses begging for cash in Washington and assume that the world car industry is in crisis. We need a loan, not a bail-out, says Jaguar Land Rover chief Mandelson seeks car industry talks |
FSA to end shorting ban - Financial Times
 BBC News | FSA to end shorting ban Financial Times - By Jennifer Hughes, James Mackintosh, Jim Pickard, and,Neil Hume Short sellers will be allowed to target financial stocks once again after the City watchdog said that it would relax the contentious ban it introduced during the market chaos of September ... FSA May Extend Short-Sale Disclosure Rules to All UK Shares Short-Selling Ban Is Lifted |
Rise in Scottish house prices brings cheer - Scotsman
 guardian.co.uk | Rise in Scottish house prices brings cheer Scotsman - By Craig Brown SCOTLAND'S property market has bucked the UK's downward trend with new figures showing a rise in house prices in the last quarter. Nationwide reports 16% fall in house prices over 2008 Scots property prices buck trend with rise |
Unemployment fears increase pressure on Bank for rate cut - Independent
 stv.tv | Unemployment fears increase pressure on Bank for rate cut Independent - By Sean O'Grady, Economics Editor Pressure on the Bank of England for another radical cut in interest rates mounted yesterday, as the latest surveys of business confidence in the services sector signalled a further steep rise in unemployment. Little festive cheer for service sector Service companies slash jobs at fastest-ever pace |
Dollar holds firm near 1-month high vs euro - guardian.co.uk
 BBC News | Dollar holds firm near 1-month high vs euro guardian.co.uk - By Satomi Noguchi TOKYO, Jan 7 (Reuters) - The dollar edged up against the euro on Wednesday to hover near a one-month high hit the previous day, continuing to draw support from gains in US stocks on hopes for an aggressive stimulus package from the ... FX round-up: Dollar weakens after Fed minutes Pressure on ECB to cut rates again as euro tumbles against dollar |
AB InBev, Brazil Lead $18.5 Billion of Dollar Bond Sales Today - Bloomberg
 stv.tv | AB InBev, Brazil Lead $18.5 Billion of Dollar Bond Sales Today Bloomberg - By Bryan Keogh and Gabrielle Coppola Jan. 6 (Bloomberg) -- Anheuser-Busch InBev NV, the world’s largest brewer, and Brazil lead 11 issuers offering at least $18.5 billion of dollar-denominated bonds today. Stag brewery to close with loss of 180 jobs World's biggest beer maker to shut ancient brewery |
