Business News
Royal Mail faces threat of VAT charges on business contracts
Ruling in European Court of Justice will force postal service to increase prices
Inside Business News
JP Morgan on the verge of acquiring Cazenove
Monday, 16 November 2009
The US investment bank JP Morgan is poised to acquire the remaining 50 per cent of its partner Cazenove, the Queen's stockbroker, for close to £1bn, in a deal that will deliver huge payouts for shareholders.
BA cabin crew begin voting on strike action
Monday, 16 November 2009
More than 12,000 ballot papers were issued and the result will be announced on 14 December.
Few firms plan to give pay rises above inflation next year
Monday, 16 November 2009
But just 37 per cent of companies have a recruitment freeze in place
Pension funds lost £18bn in value in October alone
Monday, 16 November 2009
The total value of defined contribution pension funds fell by £18bn last month, figures published by a leading pension consultant reveal today. It is the biggest single monthly fall ever registered.
Last-gasp cash keeps airline flying – for now
Sunday, 15 November 2009
Flyglobespan, Scotland's biggest airline, is believed to have staved off collapse with a last-ditch cash injection on Friday evening.
Kenmore's failure blamed on the troubles of German lender
Sunday, 15 November 2009
HSH Nordbank's recall of £300m loan forced property group into administration, owing Lloyds £700m
BA hopes rise on £3bn-plus pension deal
Sunday, 15 November 2009
Airline confident agreement will be reached with trustees over the exact amount of its fund deficit
Cosmen battles National Express over board seat
Sunday, 15 November 2009
National Express management and the transport group's deputy chairman, Jorge Cosmen, are set for yet another confrontation, this time over the terms that give the Spaniard the right to sit on the board.
Cowell's X Factor abstention adds to his millions
Sunday, 15 November 2009
X Factor tormentor Simon Cowell is said to worth £120m and Forbes magazine reckons he earned £45m in the past year.
British union member elected co-chairman of Airbus council
Sunday, 15 November 2009
Britain has a union representative at the head of the European works council for Airbus, the aircraft manufacturer, for the first time.
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