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Business News

Lloyd Blankfein, the chief executive of Goldman Sachs, said the decision to not award bonuses 'was in the public's and shareholders' best interests'

No cash bonuses for top Goldman staff

The US investment bank Goldman Sachs says its 30 top managers will receive no cash bonuses this year.

Inside Business News

£2,400: the bill every family will pay

Friday, 11 December 2009

The true extent of the financial pain that will be felt by households and public services over the next few years was laid bare yesterday by the Institute for Fiscal Studies.

Gilts slip as fears of credit downgrade for UK grow

Friday, 11 December 2009

Yields rise sharply across government bond market City complains about lack of PBR clarity

Britons may be £1.45trn in debt but they are worth £9trn, says ONS study

Friday, 11 December 2009

Data from new research reveals huge North-South divide in household wealth

Royal Mail posts profits rise but pension plan still to be delivered

Friday, 11 December 2009

Volumes continue to fall, with strikes only on hold

Sports Direct bets on World Cup boost for sale of England shirts

Friday, 11 December 2009

Sportswear retailer raises forecasts despite tough times for the high street

JJB hires new chief executive from Currys owner

Friday, 11 December 2009

JJB Sports took another major step along its road to recovery by hiring Keith Jones, the current retail director at Currys owner DSGi, as chief executive yesterday. The sports equipment retailer said Mr Jones, who has been at the electricals group for the past 10 years, will join no later than 1 March.

HMV mulls making a move on Mama Group

Friday, 11 December 2009

The music and video games retailer HMV last night bought an 8.2 per cent stake in Mama, the live music and management group which runs venues including London's Hammersmith Apollo, Jazz Café and Heaven.

Tesco claims to beat O2 and Orange with £20 monthly iPhone deal

Friday, 11 December 2009

Tesco is to enter the increasingly crowded market for Apple's iPhone next week when the grocer will launch a mini price war on the smartphone. The supermarket group, which secured the rights to the phone last month, will start selling the 3G and 3GS iPhone models on Monday, offering a annual contract for just £20 a month. Customers will have to pay £222 for the basic 3G 8GB handset however.

Obama pay tsar to set $500,000 salary limit

Friday, 11 December 2009

Kenneth Feinberg, the Obama administration's "pay tsar", has proposed a $500,000 salary cap for hundreds of employees at companies bailed out by the US taxpayers, but is expected to soften the new rules with exemptions for some key staff.

Citigroup sounds out investors on $15bn cash call to repay bail-out

Friday, 11 December 2009

Regulators urge caution over bank's ambitions

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