Business News
Revealed: Bank's £62bn bid to prevent meltdown
More than £60bn was secretly lent by the Bank of England to prevent Royal Bank of Scotland and Halifax Bank of Scotland from failing at the height of the financial crisis last year.
Inside Business News
BBC Trust dampens Worldwide's plans for global domination
Wednesday, 25 November 2009
Corporation reins in its commercial division
Cosmens pile on more pressure ahead of National Express vote
Wednesday, 25 November 2009
Spanish family raises its stake for third time in a week
King hints at a gentle end to printing money early next year
Wednesday, 25 November 2009
Bank Governor says loss of output may total £150bn
Lloyds puts 60 per cent discount on record £13.5bn rights issue
Wednesday, 25 November 2009
The City backed Lloyds Banking Group yesterday as it revealed the terms for the UK's largest ever rights issue, set at a discount of almost 60 per cent.
Ex-drugs tsar Hellawell named chairman of Sports Direct
Wednesday, 25 November 2009
Keith Hellawell, the former government drugs tsar who resigned over the declassification of cannabis, has been appointed non-executive chairman of Sports Direct, ending the sportswear group's two-and-a-half-year search for a new boss.
US economy recovering less quickly than forecast
Wednesday, 25 November 2009
The American economy grew less quickly in the third quarter of the year than official data has previously suggested, the US Commerce Department admitted yesterday, as new figures on house prices and consumer confidence suggested the country was coming out of recession only slowly.
Costcutter rules itself out of deal to buy off-licence stores
Wednesday, 25 November 2009
A private equity investor and a large convenience stores chain have pulled out of the bidding for stores owned by First Quench Retailing, the off- licence group which collapsed into administration last month.
East Coast to be back in private hands by 2011
Wednesday, 25 November 2009
The East Coast Main Line at the centre of the National Express debacle will return to private sector ownership in November 2011, the Government confirmed yesterday.
Business Diary: Say a little prayer for Goldman Sachs
Wednesday, 25 November 2009
Goldman Sachs' Lloyd Blankfein has copped some flak for an off-the-cuff remark about performing "God's work" at the bank. But this alternative version of the Lord's Prayer doing the rounds on the internet will infuriate him. "Our chairman, who art at Goldman, Blankfein be thy name. The rally's come. God's work be done. We have no fear of correction. Give us this day our daily gains, and bankrupt our nearest competitors, just as you taught Lehman and Bear a lesson. And bring us not under indictment, for thine is the Treasury, the House and the Senate, forever and ever, Goldman." Turn the other cheek Lloyd.
World economy grows again but risks remain, warns IMF
Tuesday, 24 November 2009
Director urges caution as OECD data shows GDP of 30 nations rose 0.8 per cent in Q3
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