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
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
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.
Business Diary: Facebook calls out the lawyers again
Tuesday, 1 December 2009
Facebook is back on the legal track, having recently won a big payout from a spam email company. It is threatening action against uSocial, an online company that charges businesses for putting them in touch with people listed on Facebook, selling packages of 500 or more friends and fans at a time. "We're not budging," insists uSocial boss Leon Hill.
Weak service sector puts recovery in doubt
Monday, 30 November 2009
Banks are still reluctant to lend to service sector
Dubai exchange nosedives
Monday, 30 November 2009
The fall is despite UAE's central bank's promises of support over the city state's huge debt crisis.
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1 Gulf state turns its back on Dubai World's $59bn debt
2 Ross gets job back a year after loan scandal
3 David Prosser: Dubai slides further into financial crisis
4 Hamish McRae: Shifting sands: Will the emirate's default push us into another crash?
5 Tesco's £67m payout to Clubcard users steps up pressure on rivals
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