Business Headlines
Site: Google News U.K. - BusinessIMF urges Darling to act fast on credit crisis - Telegraph.co.uk
 BBC News | IMF urges Darling to act fast on credit crisis Telegraph.co.uk - Alistair Darling and governments around the world need to take immediate, radical action to tackle the credit crisis, the International Monetary Fund said. More coordinated action needed in market crisis: IMF IMF Predicts Global Economy Heads for `Major Downturn' in 2009 |
Workers' mood is downbeat at RBS headquarters - Telegraph.co.uk
 Sky News | Workers' mood is downbeat at RBS headquarters Telegraph.co.uk - The mood at the Royal Bank of Scotland's global headquarters was far removed from the optimism of just three years ago. By Auslan Cramb, Scottish Correspondent In September 2005, when the Queen opened the bank's lavish £350 million "campus" on the ... SNAP ANALYSIS-UK set to boost RBS, UK bank capital: But how? Banks set to agree £50bn package |
Downing Street summit after bank chaos - Times Online
 BBC News | Downing Street summit after bank chaos Times Online - Gordon Brown and Alistair Darling were tonight meeting with finance chiefs to discuss the recapitalisation of the UK banking system after a turbulent day on the markets which also saw British savers hit by the collapse of the Icelandic bank Icesave. Landsbanki's UK bank icesave suspends operations Icesave: Question mark over compensation |
UK's Darling to announce bank support plan Wed - Reuters
 BBC News | UK's Darling to announce bank support plan Wed Reuters - LONDON, Oct 7 (Reuters) - Britain's finance minister, Alistair Darling, said on Tuesday he would make a statement on a plan to support the country's ailing banking system before financial markets open on Wednesday. Gordon Brown hosts talks on economic crisis Brown to hold bank crisis talks |
Insure your finances against a recession - Telegraph.co.uk
 Telegraph.co.uk | Insure your finances against a recession Telegraph.co.uk - The British Chambers of Commerce (BCC) has warned that Britain is already in a recession and that unemployment rise by 350000 by next year. UK 'already in recession' as confidence plunges UK economy 'already in recession' |
Shoppers may be 'spooked' into recession, says Green - Telegraph.co.uk
 Telegraph.co.uk | Shoppers may be 'spooked' into recession, says Green Telegraph.co.uk - Sir Philip Green, the owner of Bhs and Arcadia, said that shoppers are in danger of being spooked into recession by the constant barrage of bad news from the banking and credit markets. Bhs profits drop 40% as high street gloom deepens Green defends BHS battering |
Recruiter Michael Page warns of UK slowdown - Telegraph.co.uk
 Hemscott | Recruiter Michael Page warns of UK slowdown Telegraph.co.uk - Recruitment company Michael Page has reported a solid 14.6pc rise in third-quarter gross profits but warned that market conditions are challenging and the UK jobs market is slowing. Michael Page Falls After UK Gross Profit Declined (Update2) Recruiter Michael Page's 3Q profit growth slows |
Iceland's tumble raises key questions - BBC News
 BBC News | Iceland's tumble raises key questions BBC News - By Hugh Pym It has been an extraordinary couple of days for the Icelandic nation as the eyes of the financial world have turned to this small island economy seemingly battling the financial elements alone. Financial crisis: Iceland PM warns it's 'every country for itself' Iceland crown falls vs euro after PM fails to reassure |
NS&I slashes savings rates amid cash influx - Times Online
 Telegraph.co.uk | NS&I slashes savings rates amid cash influx Times Online - British savers who fled to National Savings and Investments amid growing uncertainty over the viability of high street banks have been hit with interest rate cuts after the government-backed savings provider slashed payments by up to 0.2 per cent. NS&I cuts rates on savings accounts Secure savings scheme cuts rates |
UK Mini sales fall by one fifth - BBC News
 BBC News | UK Mini sales fall by one fifth BBC News - UK sales of the Oxfordshire-built Mini have fallen by almost one fifth on the same time last year. In September, 7116 of the Cowley-built cars were sold compared with 8764 in the same month in 2007, a fall of 18.8%. Motorists becoming "more efficient" Car sales plunge by 21% |
Manufacturing sector extended slump in August - London Stock Exchange
 AFP | Manufacturing sector extended slump in August London Stock Exchange - UK manufacturers experienced a fall in output for the sixth month in a row during August, new data has shown. Figures from the Office for National Statistics (ONS) show that manufacturing output fell by 0.4 per cent over the course of the month. Manufacturing fall raises rate cut hope Manufacturing figures add to gloom |
Financial crisis: The rise and fall of the Royal Bank of Scotland - Telegraph.co.uk
 Telegraph.co.uk | Financial crisis: The rise and fall of the Royal Bank of Scotland Telegraph.co.uk - Having broken through the £10 billion profit barrier for the first time last autumn the awesome rise of Royal Bank of Scotland was apparently sealed when it secured the biggest banking takeover in Europe's history. RBS says strong enough to meet challenging 2009 S&P cuts RBS rating; mroe downgrades could follow |
Dragon breathes life into skills academy - guardian.co.uk
 24dash | Dragon breathes life into skills academy guardian.co.uk - Peter Jones, the millionaire star of Dragon's Den, is turning his hand to teaching teenagers how to become entrepreneurs. Jones's bid to nurture young entrepreneurial talent - particularly among those who are disadvantaged - through a new national ... Dragon To Lead Young Enterprise Government backs IT training academy |
Alliance & Leicester fined £7m for mis-selling PPI - Telegraph.co.uk
 BBC News | Alliance & Leicester fined £7m for mis-selling PPI Telegraph.co.uk - Alliance & Leicester has been fined £7m by the City regulator for the "most serious" case of mis-selling payment protection insurance (PPI). A&L fined for PPI miss-selling Alliance & Leicester fined record £7million over insurance sales |
Ryanair boss accuses BA of 'scamming' passengers - Telegraph.co.uk
 Telegraph.co.uk | Ryanair boss accuses BA of 'scamming' passengers Telegraph.co.uk - Ryanair boss Michael O'Leary has accused British Airways of "scamming" passengers with high fuel surcharges despite the price of oil continuing to fall. Ryanair imposes unpaid holiday on staff Credit crunch is GOOD for business, says boss of Ryanair |
FTSE sees early rally after record plunge - Scotsman
 Sky News | FTSE sees early rally after record plunge Scotsman - By MICHAEL BLACKLEY In early trading, the FTSE 100 Index was up two per cent at 4684, buoyed by an overnight cut to interest rates in Australia and a late rally on Wall Street. Scary ride continues for London shares Personalise your news |
Virgin Atlantic: US Customers To Suffer From BA-AA JV - CNNMoney.com
 Sky News | Virgin Atlantic: US Customers To Suffer From BA-AA JV CNNMoney.com - LONDON -(Dow Jones)- Virgin Atlantic, the long-haul airline, today warned that US consumers would be harmed by a tie-up between British Airways PLC (BAY. Virgin Atlantic attacks BA, AA once again Virgin Atlantic goes on the attack again |
Financial crisis: Fed chairman hints of imminent rate cut - guardian.co.uk
 RTE.ie | Financial crisis: Fed chairman hints of imminent rate cut guardian.co.uk - The Federal Reserve chairman Ben Bernanke gave a strong hint of an imminent cut in US interest rates as he painted a pessimistic picture of dark economic days ahead in the worsening global financial crisis. Bernanke signals readiness to cut rates Bernanke Signals Fed May Cut Rates as Crisis Deepens (Update1) |
What AMD's fab spinoff means for Intel, industry - MarketWatch
 Wall Street Journal | What AMD's fab spinoff means for Intel, industry MarketWatch - By Benjamin Pimentel, MarketWatch SAN FRANCISCO (MarketWatch) -- In spinning off its semiconductor plants, Advanced Micro Devices Inc. is shedding the traditional trappings of a microprocessor heavyweight. AMD to spin off factories to cut costs AMD shares jump at birth of The Foundry Company |
Northern Foods hails 'good progress' - Scotsman
 Works Management | Northern Foods hails 'good progress' Scotsman - NORTHERN Foods, which makes Fox's biscuits and Goodfella's pizzas, has reported "good progress" despite the "challenging" economic environment. Northern Foods sees sales advance Northern Foods buoyed by Fox's ad campaign |
