Business News
The jobless recovery is on the way, says OECD
But public borrowing reached £11.42bn last month Figure was highest for the October since records began
Inside Business News
Rates to stay at record lows, says Nationwide
Friday, 20 November 2009
Building society Nationwide today forecast a protracted recovery from recession and interest rates at record lows until "at least" the final quarter of next year.
James Murdoch signals reduced role for his family's newspapers
Friday, 20 November 2009
Future profits will come from television, not press
Bolland: I could not pass up chance to become M&S boss
Friday, 20 November 2009
Marc Bolland said he could not turn down the opportunity to become Marks & Spencer's chief executive yesterday, as he unveiled a sharp slowdown in Morrisons' third-quarter sales.
Halfords profits soar by 24 per cent
Friday, 20 November 2009
David Wild, the chief executive of Halfords, admitted he is "nervous" about the economy in the first quarter of 2010, as the bike and car parts retailer's profits motored ahead in the first half.
UK retailers claim victory on shoe duties
Friday, 20 November 2009
Lord Mandelson and UK retailers hailed a first-round victory after European Union members voted against extending tariffs on imported leather shoes from Asia beyond January.
Borrowing to exceed Darling's worst forecast
Friday, 20 November 2009
The Government is heading for borrowing more of than £200bn this year, on the basis of the latest figures on the Treasury's finances, which have been branded "dismal" by economists.
Kier names successor to veteran chief executive
Friday, 20 November 2009
Kier is appointing Paul Sheffield as chief executive, to take over from John Dodds when he steps down in April after nearly four decades with the construction and engineering services group.
Darling launches Bill to reclaim bank bonuses
Friday, 20 November 2009
The Government yesterday published details of its draft banking reform Bill which will give the UK's financial watchdog powers to claw back bankers' bonuses, and rip up their employment contracts, if they are deemed to endanger the financial system by encouraging excessive risk-taking.
Jon Moulton's Better Capital to seek listing
Friday, 20 November 2009
Better Capital, the private equity firm set up Jon Moulton last month, is set to raise more than £100m in a public listing before Christmas.
Business Diary: DCI Hunt's collar felt over 'sexist' M&S ads
Friday, 20 November 2009
It seems the humour police are hot on the trail of M&S and DCI Gene Hunt (aka Philip Glenister, of Ashes to Ashes and Life on Mars fame). The Advertising Standards Authority is looking into eight complaints about the chain's ad "Christmas wouldn't be Christmas without..." ads in which Glenister says "That girl prancing about in her underwear". Cut to French underwear model Noemie Lenoir who (of course) says "Moi?". Will Glenister get his collar felt for being demeaning to women? Will he and the M&S marketing team get "banged up" over Christmas for this horrendous blag? The ASA will reveal all next week.
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