Business News
Gulf state turns its back on Dubai World's $59bn debt
UAE stocks plummet amid uncertainty over liabilities from property collapse
Inside Business News
Restructuring plan fails to lift Dubai stocks
Tuesday, 1 December 2009
Dubai stocks hit a second day of turbulence today despite a restructuring plan from its debt-engulfed investment arm.
Consumers repay record levels of debt as new home loans rise
Tuesday, 1 December 2009
Britons cut their credit card, loan and overdraft debts by £579m in October
Yorks and Chelsea building societies 'could merge' new
Tuesday, 1 December 2009
Two of the UK's biggest building societies are understood to be in talks over a possible merger, it was reported today.
JD Wetherspoon to serve up 10,000 new jobs new
Tuesday, 1 December 2009
Pubs chain JD Wetherspoon said today that it would create 10,000 jobs over the next five years with the opening of 250 new pubs.
US gets tough as lenders fail to help homeowners
Tuesday, 1 December 2009
US Banks and mortgage companies which are failing to help struggling borrowers refinance into more affordable home loans could be fined, under a drive aimed at cutting the foreclosure rate in the world's most important housing market.
Mitchells & Butlers seeks to rein in its biggest shareholder
Tuesday, 1 December 2009
Board's relationship with Joe Lewis is increasingly difficult, says pubs group
Tesco's £67m payout to Clubcard users steps up pressure on rivals
Tuesday, 1 December 2009
Tesco HAS stepped up the pressure on its rivals by mailing out of £67m of Clubcard vouchers to customers in a surprise pre-Christmas move.
Barnier fails to reassure City over 'catastrophic' appointment
Tuesday, 1 December 2009
The European Union's appointment of Michel Barnier as bank regulation supremo has left City firms reeling, despite his attempts to calm fears over London's importance yesterday.
Ross gets job back a year after loan scandal
Tuesday, 1 December 2009
David Ross, the multi-millionaire co-founder of Carphone Warehouse who was forced to give up a slew of company directorships following a scandal involving loan collateral last year, won back one of his former posts yesterday.
The London Weekly set to revive free paper battle
Tuesday, 1 December 2009
The London Evening Standard's monopoly on the free commuter newspaper market in the capital will be shortlived – because a rival title is to be launched next year.
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