Business News
Economy improves slightly but recession continues new
The UK recession was shallower than previously thought between July and September, but the economy continued to decline, revised official figures showed today.
Inside Business News
Revealed: Bank's £62bn bid to prevent meltdown
Wednesday, 25 November 2009
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.
Tesco sues for refund on bicycles order new
Wednesday, 25 November 2009
Britain's biggest retailer is taking legal action after mistakenly paying almost £1m for six bicycles which should have cost less than £1,000, sources said today.
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.
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