Business News
Dubai debt shock knocks £14bn off bank shares
Britain is in the front line as fears grow over exposure to the Gulf emirate's financial problems. Sarah Arnott reports on a day that sent global stock markets reeling.
Inside Business News
Traders 'panic' as LSE hit by double whammy
Friday, 27 November 2009
London Stock Exchange goes down in midst of sell-off sparked by Dubai
Dubai fear sends FTSE tumbling new
Friday, 27 November 2009
The London market remained under pressure today as fears over Dubai's ability to finance its massive debt pile continued to unsettle investors.
Daily Mail group cuts ease fall in profits
Friday, 27 November 2009
Newspaper publisher beats expectation, sparking predictions of 'green shoots'
Bolton puts off retirement to run new China fund
Friday, 27 November 2009
Veteran Fidelity guru says Western economic recovery is faltering
Dubai expansion fuelled by years of cheap money
Friday, 27 November 2009
Worries over Dubai's ability to pay its debts come after years of expansion fuelled by cheap money - bringing a huge potential headache for UK banks.
Vauxhall to avoid job losses at Ellesmere
Friday, 27 November 2009
The British motor industry enjoyed its best news in many months yesterday, when GM Europe's new chief executive, Nick Reilly, offered an assurance that there will be no closure or job losses at Vauxhall's Ellesmere Port plant in Merseyside, and that it would be moving to three-shift production, utilising its full capacity.
Jobless total will continue to rise, says Darling
Friday, 27 November 2009
Retailers see hopeful signs for beginning of Christmas season
Borders UK collapses putting 1,150 jobs at risk
Friday, 27 November 2009
Borders UK, the beleaguered bookseller, collapsed yesterday afternoon after a day of high drama in which the accountancy firm originally lined up as administrator walked away over a "conflict of interest".
Evening Standard set to close midday edition
Friday, 27 November 2009
The London Evening Standard, which went free last month in an attempt to lift revenues, has axed its early edition with about 20 jobs set to go.
Business Diary: Lloyds parties right under the Bank's nose
Friday, 27 November 2009
Given that syndicated loans bankers have had little to do in the past year (after all, you'd be mad to lend to dodgy companies in a recession, no? regardless of what the Government says), why not have a party? On Wednesday night, the 43 per cent taxpayer-owned Lloyds Banking Group treated the loan market's glitterati to a fabulous evening of champagne and oysters. The venue? The City's Royal Exchange, just across the road from the Bank of England. In a week when we all learnt of HBOS's top secret £25.4bn loan before it joined Lloyds, was the lender of last resort invited to join in the fun and celebrate its repayment?
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