Business News
Economy improves slightly but recession continues
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
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
Threat to 600 jobs in airline shake-up new
Wednesday, 25 November 2009
Airline bmi today announced a restructuring involving a reduction in planes and routes and the possible loss of at least 600 jobs.
Supermarket non-food sales 'to rise 40 per cent' in five years
Wednesday, 25 November 2009
Sales of non-food items such as toys, DVDs and fitness equipment in supermarkets will increase by 40% in the next five years, according to a report today.
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.
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3Scientists take the first step in unlocking origins of universe
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Columnist Comments
• Hamish McRae: A time for giving with a difference
With the recession, there is a shift from giving people things to giving them services
• Mark Steel: Come rain or revo- lution, it's money they want
Haven't the 20th anniversary celebrations of the overthrow of communism been miserable?
• Terence Blacker: Science must never be political or emotional
Politicians and action groups select favourable data, ignoring inconvenient evidence
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