Business News
Dubai: The party in the desert ended months ago
There was no escaping the news that the emirate was in trouble. But in the eye of the storm, writes resident Conor Purcell, nobody noticed
Inside Business News
Banks go on offensive against customers
Saturday, 28 November 2009
Lloyds Banking Group was facing a furious backlash from customers last night after announcing it would ask the courts to strike out thousands of legal claims against it just two days after a legal judgment in the overdraft fees case.
Brown seeks to ease Dubai debt worries
Saturday, 28 November 2009
Details emerge of UK banks' exposure to emirate, as hopes of an Abu Dhabi bailout increase
Borders to launch stock liquidation sales on Saturday
Saturday, 28 November 2009
The failed bookseller Borders UK will launch a stock liquidation sale in its 45 stores on Saturday, dealing a blow to retail rivals in the crucial run up to Christmas.
Carphone to unveil TalkTalk chief
Saturday, 28 November 2009
Profit upgrade as retailer reveals it has found CEO for broadband operation
National Express investors say 'yes' to £360m cash call
Saturday, 28 November 2009
National Express shareholders voted "yes" to the board's proposal for a £360m rights issue yesterday, ending weeks of uncertainty during which the company's biggest investor tried to drum up opposition to the plan.
Wine Rack brand saved but FQR to cut 2,000 jobs
Saturday, 28 November 2009
The Wine Rack fascia will remain on the high street after a wholesaler bought the brand and a handful of stores yesterday, but the administrator to Threshers owner First Quench Retailing (FQR) said that 2,140 jobs will be lost with the closure of a further 391 stores.
House prices continue to edge higher
Saturday, 28 November 2009
House prices in England and Wales rose for the fifth month in a row during October, with the average cost of a property up 0.6 per cent month on month to the highest levels since last November, according to the Land Registry.
Business Diary: 28/11/2009
Saturday, 28 November 2009
RBS gets another gift from ABN AmroRoyal Bank of Scotland has one more reason to regret its disastrous takeover of ABN Amro, a deal that lead to the departure of the boss, Sir Fred Goodwin. Guess where most of RBS's exposure to Dubai comes from? You got it: its Dutch subsidiary has always been a big player in the Middle East.
£150m fund to boost UK tech investment
Saturday, 28 November 2009
Venture capital The Government has pledged £150m to a new venture capital fund, planned as Europe's largest, as it looks to kick start British technology investment and the ailing business sector.
Dubai debt default fears a 'setback'
Friday, 27 November 2009
Gordon Brown today said fears over a major debt default in Dubai were worrying but insisted they would not knock the global recovery off course.
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Columnist Comments
• Andrew Grice: Enough of the philosophy, Mr Cameron.
Think-tanks play an important role in politics. But they have their limits.
• Christina Patterson: Very nice - but forgiveness is overrated
Sometimes, as Lydon sang, in his post Sex Pistols band, ‘anger is an energy.
• Mary Dejevsky: Why not call Blair now and wrap it up?
The enquiry already seems like a sideline as the queues dwindle.
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