Business News
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.
Service sector cuts jobs at record pace in January
Thursday, 5 February 2009
The UK's service sector shed jobs at a record pace last month, adding to expectations of another hefty interest-rate cut from the Bank of England today.
GDF Suez and Iberdrola team up to bid for nuclear power sites in the UK
Thursday, 5 February 2009
GDF Suez and Iberdrola are the latest European energy giants to join forces in the hope of securing a slice of the UK's multibillion-pound nuclear renaissance.
Falling prices and high costs hit BHP Billiton's profits
Thursday, 5 February 2009
BHP Billiton, the world's biggestmining company, saw profits fall by 57 per cent in the six months to December, as falling commodity prices and high operational costs took their toll.
Falklands Islands speaker fined by FSA
Thursday, 5 February 2009
The Financial Services Authority (FSA) is levying fines of more than £145,000 on the speaker of the Falklands Islands assembly and his oil services company for insider trading.
EDITOR'S CHOICE
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1 Kangaroo 'dead in the water' as UK competition watchdog pulls the plug
2 For sale: the British High Street
3 SEC 'chickens' humbled by Madoff whistleblower
4 Rise and fall of Icelander who went on huge spending binge
5 Jeremy Warner: Baugur was always an accident waiting to happen
6 Fears grow over major UK high street investor
7 Aviva abandons £1bn policyholder payout after stock markets slide
8 Jeremy Warner: Russia gets the downgrade
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• Matthew Norman: Oh Carol – you just don't get it
Ignorance is no defence and those who defend her only show their own ignorance
• Adrian Hamilton: Politicians must recognise that globalisation is in retreat
You cannot brush aside the strikers'