Business News
Exodus of the bankers
The president of Britain's second largest bank has issued a veiled threat that the country's elite financiers could join a mass exodus from the City of London if the Government pushes ahead with a bonus supertax today.
Inside Business News
Darling under fire as UK edges nearer to credit downgrade
Wednesday, 9 December 2009
Chancellor told to cut budget deficit as Moody's warns on country's rating
Tesco disappoints the City as it trails rivals
Wednesday, 9 December 2009
Grocer calls on Chancellor to avoid VAT increases
Game Group pinned down as new 'Call of Duty' fails to save the day
Wednesday, 9 December 2009
Retailer's shares slump as it reveals a 14% fall in sales with UK and Ireland badly hit
New fears over Dubai debt crisis hit markets
Wednesday, 9 December 2009
Dubai World caused further recriminations on global markets yesterday, when the emirate's finance minister conceded that the debt- riddled group would need longer than six months to unravel its complex borrowing arrangements.
Primark beats its one-day sales record
Wednesday, 9 December 2009
The flagship Primark store in London is thought to have enjoyed the best day's trading in the discount fashion retailer's 40-year history on Saturday, boosted by a traffic-free shopping day in the West End.
Live Nation rounds on watchdog over merger
Wednesday, 9 December 2009
The ticketing agencies Live Nation and Ticketmaster have hit back at the City's takeover watchdog, claiming the decision to block their proposed merger on anti-competitive grounds was undermined by "key legal flaws".
Output data signals weak start to fourth quarter
Wednesday, 9 December 2009
Britain's industrial output failed to grow in October and manufacturers expect it to fall in the coming months, denting hopes that the economy is set to bounce back in the final three months of the year.
House prices rise for fifth month in row but Halifax warns of setbacks for year ahead
Wednesday, 9 December 2009
The recovery in house prices that we've seen in the past six months is unlikely to be sustained next year, analysts warned yesterday. Higher unemployment and downward pressure on household incomes are likely to slow demand, despite further evidence that the market is continuing to rise.
Northern Rock's shareholders should get nothing, says valuer
Wednesday, 9 December 2009
Bank would have faced a £5.7bn black hole had it gone into administration
Steel industry fights Rio's tie-up with BHP
Wednesday, 9 December 2009
Eurofer, the European steel industry body, last night called on the European Union to block BHP Billiton and Rio Tinto's iron ore joint venture in Western Australia, arguing that the tie-up between the two mining giants will lead to "market concentration".
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