Business News
Yorkshire and Chelsea societies confirm tie-up new
The Yorkshire and Chelsea building societies unveiled a deal to join forces today in a merger set to create a "second major force" in the sector.
Inside Business News
Tax future house price bubbles, Bank of England tells Treasury
Wednesday, 2 December 2009
Property taxes would help safeguard economy, says MPC's Adam Posen
Treasury calls for control of RBS bonuses
Wednesday, 2 December 2009
The Treasury has demanded control of Royal Bank of Scotland's bonus pot, it emerged today.
Sheikh attacks investors for global fallout of Dubai debt
Wednesday, 2 December 2009
Gulf state's investment group sets out restructuring plan for $26bn of its debts
Ofcom paves way for BT to lift wholesale charges by 4 per cent
Wednesday, 2 December 2009
BT could pass on cost of plugging its £9.4bn pensions deficit, regulator suggests
GM drives out chief executive after board pulls support
Wednesday, 2 December 2009
Chairman Ed Whiteacre to take charge of company until replacement is found
New fears of 'double dip' recession
Wednesday, 2 December 2009
Worrying signs that economic recovery may prove even more fragile than inititally feared – with the real possibility of a "double dip" recession – emerged with the release yesterday of the latest survey of business confidence in the manufacturing industry.
Nokia brings price-fixing suit against LCD makers
Wednesday, 2 December 2009
Nokia has launched a legal assault against 11 rivals, including Samsung and LG, saying the companies have acted as a cartel to fix prices for mobile telephone screens.
De Beers rights issue to raise $1bn
Wednesday, 2 December 2009
De Beers, the world's largest diamond miner, is set to launch a rights issue to raise up to $1bn (£601m).
Chelsea and Yorkshire building societies in merger talks
Wednesday, 2 December 2009
The Yorkshire and Chelsea building societies are in advanced talks about a merger that could be put to members within the next few days, the two groups confirmed yesterday.
West End named as world's most expensive office rental market
Wednesday, 2 December 2009
Companies planning to open offices in the West End of London can expect to pay the highest rents in the world, latest research shows. A six-monthly survey of the cost of office space around the world shows that the central London area is the most expensive place to run an office, and is far more costly than other exclusive districts in almost 180 cities. The study, by the commercial property adviser CB Richard Ellis, shows that office space in the West End is being let at an average of $185 (£110) per square foot – $13 a square foot more than the Inner Central area of the Japanese capital, Tokyo.
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Columnist Comments
• Steve Richards: Cameron is following in footsteps of Hague
Both sought to modernise their party. In both cases, the results were mixed
• Hamish McRae: Tax if you must, but do so effectively
First and foremost tax must raise revenue; but then only at the lowest possible cost
• Mark Steel: Things can happen when you travel on a Virgin train
It seems that it is being run by philosophers from the 13th century
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