Business News
British banks look to 'share the pain' of UK supertax on bonuses
Staff likely to be told the impact will be spread on principle of "one bank"
Inside Business News
Public borrowing hits record high
Saturday, 19 December 2009
Government borrowing rose to £20.3bn during November, a new monthly record, official figures revealed yesterday. However, economists said that public sector net borrowing had actually been slightly better than expected, with tax receipts higher than analysts had predicted.
£50m mortgage fraud scam goes to court
Saturday, 19 December 2009
Six people are to be charged in a £50m mortgage scam, the Serious Fraud Office (SFO) said yesterday.
Business Diary: 19/12/2009
Saturday, 19 December 2009
The watchdog keeping an eye on your giftsDoes the Financial Services Authority have a new job, policing what mums and dads spend on their kids at Christmas? It has released a survey revealing that the average family will spend £442 this festive season, with 40 per cent saying they plan to spend less than last year.
Independent News & Media confirms talks over potential newspaper sale
Saturday, 19 December 2009
Independent News & Media, the publisher of The Independent and The Independent on Sunday, is in talks with the newspaper owner Alexander Lebedev over a potential sale of the titles.
BAA says earnings will fall next year
Saturday, 19 December 2009
The British airport operator BAA has posted a 16.8 per cent rise in profits for the nine months to the end of September, but warned that it expects earnings in 2010 to fall below 2009 levels.
Icap's $25m settlement ends four-year investigation
Saturday, 19 December 2009
Icap last night announced a $25m (£15.5m) settlement with America’s Securities & Exchange Commission to see off charges that it displayed fake trades to encourage activity by customers.
1,100 bookshop jobs lost days before Christmas
Friday, 18 December 2009
Around 1,100 staff at struggling book chain Borders will lose their jobs on Christmas Eve after efforts to sell the business failed.
General Motors to wind down Saab after sale fails
Friday, 18 December 2009
Talks to sell the Swedish brand to Dutch carmaker Spyker Cars collapsed.
Lenders face £1trn funding shortfall, says Bank report
Friday, 18 December 2009
Restraint by banks would have spared taxpayers' recapitalisation costs
Retailers hope snow won't spoil biggest weekend
Friday, 18 December 2009
Martin Hickman: Shoppers are forecast to spend £4bn on Christmas presents this weekend, the busiest shopping weekend of the year.
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1Brown and Obama lead last-minute climate talks
2China holds the world to ransom
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Columnist Comments
• Howard Jacobson: We debase relationships with 'love you'
It conceals what we truly (madly, deeply) feel, especially from ourselves.
• Johann Hari: The truths Copenhagen ignored
Politicians have chosen low taxes and oil money today over survival tomorrow.
• Andrew Grice: Perhaps Labour is working after all
Cameron needs to paint a rosier picture than cuts, cuts and more cuts.
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