Business

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Business News

Pound under new attack as agency says it will cut UK's credit rating

Britain's sovereign status is most at risk, says Fitch

Inside Business News

Wide-ranging financial overhaul proposed for US

Wednesday, 11 November 2009

The chairman of the US Senate Banking Committee introduced a financial regulation reform bill yesterday that leaps beyond earlier proposals, calling for new government agencies on financial stability, bank supervision and financial consumer protection.

Barclays pays dividend again as HSBC says worst is over

Wednesday, 11 November 2009

Profits continue to flow at banks that avoided bailouts

Vodafone to double its cost cutting target to £2bn

Wednesday, 11 November 2009

Telecoms giant looks to set aside £500m war chest for potential acquisitions

Bear Stearns fund managers found not guilty

Wednesday, 11 November 2009

In a huge setback for government prosecutors, a jury in New York City last night acquitted two former hedge-fund managers with Bear Stearns of lying to clients about the safety of their money even when they themselves allegedly saw disaster around the corner because of the imploding sub-prime mortgage market.

Lloyds Banking Group faces battle with unions over 5,000 more job cuts

Wednesday, 11 November 2009

Unions reacted with fury yesterday after Lloyds Banking Group (LBG) announced another round of job cuts.

Imperial Tobacco names Alison Cooper as CEO designate

Wednesday, 11 November 2009

The chief executive of Imperial Tobacco is to step down after 37 years at the cigarette maker, as it posted sharply higher pre-tax profits. Alison Cooper, its chief operating officer, will take over in May from Gareth Davis, who has been at the helm for 14 years.

Low-carbon energy sources need $10.5trn investment

Wednesday, 11 November 2009

Global policies key to beat climate change, says IEA

Transatlantic row over Oracle's Sun takeover

Wednesday, 11 November 2009

Monopoly watchdogs on either side of the Atlantic are at loggerheads over Oracle's planned $7.8bn (£4.7bn) takeover of rival Sun Microsystems after Europe branded US criticism as "unusual".

Threshers' franchisees are 'determined to resist' transfer to new First Quench owner

Wednesday, 11 November 2009

The majority of Threshers' franchisees have told the administrators of First Quench Retailing (FQR), the off-licence chain's owner, that they plan to resist any attempt to force them into a sale to a purchaser of the business.

INM strikes restructuring deal with bondholders

Wednesday, 11 November 2009

Independent News & Media, the publisher of The Independent and The Independent on Sunday, last night struck a deal with bondholders that will see creditors swap €123m (£110m) worth of debt for a 46 per cent equity stake in the company.

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