News

All-cash deal is the second largest in Google's history after the $12.5 billion acquisition of mobile phone maker Motorola in 2012

All-important service sector falters, says CBI

Anxieties about Britain's faltering economic recovery will be heightened today by new data revealing that improvements in the key services sector appear to have stalled over the past quarter. The Confederation of British Industry's (CBI) latest snapshot of the dominant part of the economy is published on the day the Chancellor delivers his autumn statement and the Office for Budget Responsibility gives its latest forecasts for UK GDP growth.

Hamleys cleaners held in dawn raid

Four suspected illegal immigrants were arrested yesterday during a dawn raid on the flagship Hamleys store in Regent Street, central London.

Blair to talk at cleaning show

The former prime minister Tony Blair will be the keynote speaker at an event organised by the ISSA, The Worldwide Cleaning Industry Association.

Business Diary: All's going too well for Wellworths

All's well at Alworths and Wellworths, proving that there's more life to the Woolworths format than many believed. In fact, it's all going so well at Wellworths that the store's going to have to change its name. Set up by a former Woolies manager, Claire Robertson, on the site of her own store when her employer went bust, the venture has been a spectacular success. So much so that Shop Direct, which bought the Woolworths name out of administration, blocked further expansion under the name because it feels it's too much like theirs. As a result, it's being changed to Wellchester. Diary fears Woolworths' legal victory means all won't be so well in future for Alworths' name either.

Recovery in danger as service sector slips back

The risk that the economy may undergo a further contraction and a double dip recession was underlined yesterday with the release of further evidence suggesting that the economy is slowing down.

Economy suffers slowdown as double dip looms

Analysts gloomy after fall in construction orders and decline in business confidence

US job loss data worse than expected

The US suffered more than double the forecast number of job losses last month, sparking fresh fears of a lethargic recovery in the world's biggest economy.

Weak service sector raises fears for faltering economy

The prospects of a "double dip" recession strengthened yesterday with the publication of a survey of business sentiment and activity in the largest sector of the economy, services.

BCC voices concern over economic recovery

The UK economy expanded further in the second quarter, but "serious" concerns pose a threat to a sustained recovery, the British Chambers of Commerce (BCC) warned today.

British economy 'could relapse into recession'

Britain's already sluggish and fragile economic recovery is set to lose more momentum and may relapse into recession, according to the latest surveys of business confidence and economic forecasts from the British Chambers of Commerce (BCC) and the Institute of Directors (IoD).

Ash cloud and election dent services growth

Service sector activity slowed unexpectedly in April after a volcanic ash cloud that grounded air traffic hit transport firms and uncertainty about the national election dented confidence.

Big freeze stalls growth in service sector

Unexpected fall in activity index last month fuels fears of 'double-dip' recession

US unemployment begins to ease

Job losses that could derail the recovery are still rising, but at a slower pace
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