Business News
Huge fall revealed in UK car production
A total of 61,404 cars were manufactured in January 2009 - a 58.7 per cent drop on the January 2008 figure, the Society of Motor Manufacturers and Traders said.
Inside Business News
The bonus question: Should Gordon put the public finances before public opinion on bankers' pay?
Friday, 20 February 2009
An alarming drop in tax revenues has blown a hole in the public finances, making it virtually impossible for the Chancellor, Alistair Darling, to hit the annual borrowing target he set out less than three months ago.
RBS looks to sell ABN Asia and Charter One
Friday, 20 February 2009
Royal Bank of Scotland (RBS) is looking to sell Asian and US assets bought by Sir Fred Goodwin in the two biggest acquisitions he made as chief executive of the now-stricken bank.
Market Update: FTSE 100 deep in the red new
Friday, 20 February 2009
The FTSE 100 was deep in the red this morning, falling by 2.38 per cent or 95.69 points to 3923.15 at around 11:10 am, as traders took stock of overnight losses on Wall Street, where the benchmark Dow Jones Industrial Average retreated to its lowest level since late 2002 in the final hour of trading.
BoE spends £340m to kick-start frozen lending markets
Friday, 20 February 2009
The Bank of England today said it had spent £340m so far under its asset-buying scheme to kick-start frozen lending markets.
Mining giant to shed 19,000 jobs
Friday, 20 February 2009
Mining giant Anglo American warned today it will shed 19,000 jobs this year as it looks to cut costs in the face of weaker global demand.
Hike in January retail sales
Friday, 20 February 2009
Cut-price clothes and footwear offers helped drive an unexpected 0.7 per cent hike in January retail sales, official figures showed today.
FTSE index slides back below 4000
Friday, 20 February 2009
London's FTSE 100 Index tumbled by more than 2 per cent today after overnight falls in America left the Dow Jones at its lowest point since the bottom of the dot com crash.
Saab to file for creditor protection
Friday, 20 February 2009
The loss-making General Motors carmaker Saab said today it would file for a reorganisation plan, a Swedish legal procedure that would give it protection from creditors.
Europe's insurers count the cost of the credit crunch
Friday, 20 February 2009
Swiss Re and Axa book billions of writedowns on investments
Travis Perkins axes dividend as profits slump by 44 per cent
Friday, 20 February 2009
Builders merchant admits right issue is an option if trading conditions worsen
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Columnist Comments
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All of the possible successors to Brown are testing the water
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The Government can continue to posture as 'tough'. Or it can get smart