Business News
World economy grows again but risks remain, warns IMF
Director urges caution as OECD data shows GDP of 30 nations rose 0.8 per cent in Q3
Inside Business News
Lloyds reveals cash call details
Tuesday, 24 November 2009
The group is offering shareholders stock at a 38.6 per cent discount.
Heritage Oil sells Ugandan fields to Eni for $1.35bn and backs out of Genel deal
Tuesday, 24 November 2009
Shareholders set for special dividend payout
Creditors back Blacks Leisure rescue plan
Tuesday, 24 November 2009
Yesterday marked a "pivotal moment" for the camping and outdoor equipment retailer Blacks Leisure as creditors backed its rescue plan, saving 4,300 jobs.
Northumbrian profits up as water sector waits for Ofwat
Tuesday, 24 November 2009
Northumbrian Water said lower debt costs helped it to a first-half pre-tax profit hike of 12.8 per cent yesterday, but warned that Thursday's announcement by the water regulator on pricing for the next five years is the "key risk to the business".
Lloyds swings the axe again ahead of rights issue pricing
Tuesday, 24 November 2009
Hundreds of jobs cut but investors back bond issue
Government-run rail route to go private again
Tuesday, 24 November 2009
A key London to Scotland rail route, now effectively under state control, will pass back into private hands in November 2011 under Government plans announced today.
Bank of England reveals loans peaked at £61.6 billion
Tuesday, 24 November 2009
Emergency loans to Royal Bank of Scotland (RBS) and HBOS peaked at £61.6 billion at the height of the financial crisis, the Bank of England said today.
AOL unveils rebranding drive
Tuesday, 24 November 2009
What do goldfish, four abstract scrawls and an obscene hand gesture have in common? They are all variations of the internet company AOL's new corporate logo as it prepares to split from Time Warner.
Business Diary: Clegg ventures into enemy territory
Tuesday, 24 November 2009
To the CBI shindig, where Britain's political leaders staged their own X Factor contest yesterday. Lib Dem leader Nick Clegg faced more wrath from the business world's Simon Cowells than his rivals, though give him credit for having the guts to tell some of Britain's wealthiest people that he favours new taxes on wealth. One somehow feels the delegate who told Mr Clegg that Gordon Brown had showed more vision for business wasn't being kind to either of them.
Downturn leaves businesses running scared of lenders
Monday, 23 November 2009
Recession is leading to far-reaching changes in British companies, warns CBI boss
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