Business News
MPC unanimous against printing more money
Bank of England policy committee agrees to keep interest rates at record low
Inside Business News
Ideal World founders sell second business
Thursday, 24 December 2009
The co-founders of the home-shopping business Ideal World unveiled a £5m takeover of their plant and garden equipment retail venture yesterday – just two years after they set it up.
Ford likely to confirm Volvo China sale in the new year
Thursday, 24 December 2009
Ford has confirmed plans to sell Volvo to the Chinese next year in a deal expected to be worth about £1.25bn.
HMV looks to diversify with £46m bid for Mama Group
Thursday, 24 December 2009
Live music firm supports bid, but HMV faces battle with rival shareholder
Glencore bond issue clears way for £21bn London float
Thursday, 24 December 2009
The secretive Swiss commodities trader Glencore issued $2.2bn (£1.4bn) of convertible bonds yesterday – the first time it has given any indication of how much it might be worth.
Diamond cashes in £5m shares for Christmas
Thursday, 24 December 2009
Bob Diamond, the president of Barclays, has pocketed nearly £5m after selling 18 per cent of his shareholding in the bank.
Business Diary: 24/12/2009
Thursday, 24 December 2009
Proof there is life after LehmanSo congratulations to Masa Serdarevic, a new recruit to the FT Trading Room, a specialist part of the pink paper's website. Serdarevic deserves a break – she is better known as one of the faces of the credit crunch. A picture of her carrying a box of belongings out of the London HQ of her former employer, Lehman Brothers, on the day of its collapse last year appeared in a string of newspapers.
AstraZeneca pays $350m for French firm
Thursday, 24 December 2009
AstraZeneca and Forest Laboratories are collaborating on development of two experimental antibiotics in a deal that centres on Astra's $350m (£219m) acquisition of Novexel, a privately held French company.
Watchdog U-turn paves way for Ticketmaster mega-deal
Wednesday, 23 December 2009
Competition Commission rules that Live Nation merger will not harm rivals after all
Record number of companies go bust
Wednesday, 23 December 2009
27,000 firms forced to close during economic crisis, Conservatives say
Britain's economy has worst slump for 90 years
Wednesday, 23 December 2009
Third-quarter GDP is revised slightly upwards, but the UK is still in recession
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Columnist Comments
• Steve Richards: Predictions to keep you going until new year
The leaders’ debates will dominate the campaign, but they won’t change much.
• Hamish McRae: An optimism that has drained away
It is, from an economic perspective, a sombre end to a sombre year.
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