Business News
Nationwide says revival in housing market set to end
Building society attacks state-backed savings firms for distorting market
Inside Business News
Smoker in Florida awarded $300m damages against Philip Morris
Saturday, 21 November 2009
In one of the largest individual tobacco verdicts ever in the US, a former smoker in Florida has been awarded a total of $300m (£182m) by a state court against Philip Morris USA, a subsidiary of Altria Group.
Executives' pay is finally slowing, study reveals
Saturday, 21 November 2009
Bosses' salaries are set to remain static throughout 2010 as executives lead the way on pay restraint for the first time, a study by the pay consultancy Watson Wyatt has found.
Gartmore sets hare running on flotation boom with £1bn listing
Saturday, 21 November 2009
Fund manager's listing to give executives a windfall
Another 1,900 jobs to be cut at Threshers
Saturday, 21 November 2009
The Administrators of Threshers' owner First Quench announced another swath of store closures and more than 1,900 job losses yesterday. KPMG said 381 stores would close with the loss of 1,908 jobs, while a further 34 staff would go at the off-licence group's head office.
UKFI's Kingman heads to Rothschild
Saturday, 21 November 2009
John Kingman, the former Treasury civil servant and outgoing chief executive of UKFI, the body charged with managing the taxpayer's stakes in Lloyds Banking Group and the Royal Bank of Scotland, is expected to take a senior role at Rothschild, the independent investment bank.
Business Diary: 21/11/2009
Saturday, 21 November 2009
M&S found wanting at retail awards timeA notable omission from planet retail's annual backslapping bash, otherwise known as the Retail Week awards. Poor old M&S has not garnered a single nomination.
UK car production reverses more slowly
Saturday, 21 November 2009
The fall in UK car production slowed in October, to its slowest rate of year-on-year decline so far in 2009, stoking the optimism that has crept into the industry since the launch of the cash-for-bangers scheme.
BarCap takes over Crescent from Morgan
Saturday, 21 November 2009
Morgan Stanley has handed its Crescent real-estate subsidiary to Barclays Capital , drawing a line under a $6.5bn (£3.9bn) property deal that soured soon after it was struck in the summer of 2007.
Fuller, Smith & Turner buoyant amid downturn
Saturday, 21 November 2009
The pubs and brewing group Fuller, Smith & Turner cheered an 18 per cent rise in first-half profits but warned that the rest of its financial year would be "significantly tougher".
The jobless recovery is on the way, says OECD
Friday, 20 November 2009
But public borrowing reached £11.42bn last month Figure was highest for the October since records began
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It would be nice if Roy Keane could show some generosity of spirit.
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Mr Blair would have loved to become a powerful figurehead for Europe.
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