Business News

Alistair Darling greets Russia's Finance Minister, Alexei Kudrin, yesterday as his country's credit rating suffered a downgrade

Now Russia gets caught in the credit crunch

First G8 nation to have rating downgraded since start of global financial crisis

Inside Business News

For sale: the British High Street

Thursday, 5 February 2009

Icelandic group with major holdings in more than 20 chains faces meltdown

SEC 'chickens' humbled by Madoff whistleblower

Thursday, 5 February 2009

The man who waged a decade-long crusade to unmask Bernard Madoff as a swindler was so frustrated at regulators' refusal to listen that he offered to go in disguise and undercover to help gather evidence.

Kangaroo 'dead in the water' as UK competition watchdog pulls the plug

Thursday, 5 February 2009

BBC, ITV and Channel 4 set to go it alone as joint venture crumbles

Aviva abandons £1bn policyholder payout after stock markets slide

Thursday, 5 February 2009

Talks to continue with customers over distribution of inherited estate

Mutual lenders unable to raise advances

Thursday, 5 February 2009

Building societies told MPs yesterday that they could not increase lending because they did not have enough funds to finance loans.

Rise and fall of Icelander who went on huge spending binge

Thursday, 5 February 2009

Jon Asgeir Johannesson, the chairman of Baugur, opened the first Bonus supermarket in Reykjavik in 1989. During the following two decades, he created Baugur and built a sprawling retail empire though a binge of acquisitions and share purchases. At the turn of last year, it owned or held stakes in about 10 per cent of the UK high street, its tentacles enveloping retailers including Iceland, the frozen food specialist, Hamleys, the toy retailer, and House of Fraser, the department store.