Business News
British Airways nosedives to unprecedented £292m loss
But shares soar almost 7 per cent on signs that the worst may finally be over
Inside Business News
RBS faces another year of losses, Hester admits
Saturday, 7 November 2009
Bank expected to miss new targets for lending
Personal insolvencies rise to new record as unemployment bites
Saturday, 7 November 2009
More people than ever before were declared insolvent in England and Wales during the third quarter of the year. Figures released by the Insolvency Service yesterday reveal that there were 35,242 personal insolvencies over the three months to the end of September, up by 28 per cent on the same period of 2008, and by 6 per cent on the previous quarter.
Business Diary: A nicer way to describe those bankers
Saturday, 7 November 2009
Many people have their own names for bonus-grabbing bankers – mostly unprintable – but Stephen Hester, chief executive of Royal Bank of Scotland (84 per cent owned by the taxpayer) uses a different term. He and his colleagues are now "stewards of public money", he explains. We know that, Stephen – it's the fact that you keep stewarding it into executives' pockets that worries us.
1,200 jobs to go at BA
Friday, 6 November 2009
Most of the new losses will be overseas and follow a high response from staff wanting to work part-time or take voluntary redundancy.
RBS posts further losses
Friday, 6 November 2009
The bank announced third-quarter losses of £1.53bn despite slim signs of improvement at the beleaguered business.
How wheels fell off the General Motors sell-off
Friday, 6 November 2009
Sarah Arnott reveals boardroom chicanery and political manoeuvring behind decision to pull the plug.
Bank spends again to try to revive moribund economy
Friday, 6 November 2009
£25bn more to be injected; Bank Rate held; Britain is now in a depression, says think-tank
Sharp rise in US unemployment figures
Friday, 6 November 2009
Unemployment in the US hit £15.7m last month, its highest rate since April 1983.
Record number of insolvencies
Friday, 6 November 2009
The number of people declared insolvent in England and Wales hit a new record high during the third quarter of the year, official figures showed today.
Cable & Wireless plans split after unveiling shock profits warning
Friday, 6 November 2009
Demerger is back on after markets recover
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