Business
October 7th, 2007 at 06:48am
Under Business
The Bank of England decides to keep UK interest rates on hold at 5.75%, as widely expected.
Halo maker parts from Microsoft
Bungie, the developers of the popular Halo series, are to part company with owners Microsoft.
StatoilHydro head quits on probe
The chairman of newly-created StatoilHydro resigns amid a corruption probe over contracts in Libya.
US security firms under scrutiny
US Secretary of State Condoleezza Rice tightens control over the operations of private security firms in Iraq.
Milk giants in merger discussion
Two of the UK’s largest milk co-operatives plan to merge to save costs and improve marketing
New advice on payment protection
New advice on payment protection insurance will be published on the City regulator’s website next year.
Ecuador issues foreign oil decree
Ecuador’s president decrees the state should take 99% of profits made by foreign oil companies in Ecuador.
Northern Rock ‘loans top 10bn’
Northern Rock’s borrowing from the Bank of England may have topped 10bn, figures indicate.
Darling ‘to lower 2008 forecasts’
Chancellor Alistair Darling will have to lower growth forecasts for the UK in 2008, according to the FT.
City ‘to lose 6,500 jobs’ in 2008
The City of London could lose 6,500 jobs in 2008 following market jitters, it has been predicted.
US employment outlook brightens
The US created more new jobs than expected last month, and revised figures suggest a stronger showing in August too.
Siemens fined after bribery probe
Siemens is fined 210m euros by a German court following a cash-for-contracts investigation.
Talks continue amid post strike
Talks between the postal workers’ union and Royal Mail continue, as a strike over pay and job cuts disrupts service.
Crossrail gets the green signal
The Crossrail scheme to build a new railway line through the centre of London is given the go-ahead.
Food costs send UK prices higher
Higher food costs pushed shop prices up in September, the British Retail Consortium says.
Pensions boost for older women
Half a million women in their 60s could be due a payout from the state pension of 1000 or more.
Halifax sees house prices slowing
More evidence of a slowdown in house prices has come from the UK’s biggest mortgage lender, the Halifax.
Lights out for GE bulb factories
General Electric is closing a number of light bulb factories in North America, with the loss of 1,425 jobs.
World Bank airs Kazakh concerns
A World Bank official expresses concerns about Kazakhstan’s attitude to foreign investment after recent disputes.
Merrill in $5.5bn sub-prime loss
Merrill Lynch warns it will have to write down $5.5bn for bad investments linked to US sub-prime mortgages.
By admin
October 7th, 2007 at 06:48am
Under Business
New advice on payment protection insurance will be published on the City regulator’s website next year.
City ‘to lose 6,500 jobs’ in 2008
The City of London could lose 6,500 jobs in 2008 following market jitters, it has been predicted.
Postal dispute still deadlocked
Talks between the postal workers’ union and Royal Mail continue as the first of two planned strikes ends.
Ecuador issues foreign oil decree
Ecuador’s president decrees the state should take 99% of profits made by foreign oil companies in Ecuador.
Sony offers cut-price PS3
Sony is to launch a cut-price PlayStation 3 (PS3) with a smaller hard drive and no backwards compatibility.
Royal Mail to shut pension scheme
The Royal Mail has proposed the closure of its final salary pension scheme to all members.
Renting ‘cheaper than buying’
Renting a house in England and Wales is now cheaper than buying it with a mortgage, say market analysts Hometrack.
Demand jump lifts Blackberry
Blackberry-maker RIM sees its latest profits more than double, thanks to surging subscriber numbers.
Food costs send UK prices higher
Higher food costs pushed shop prices up in September, the British Retail Consortium says.
Lights out for GE bulb factories
General Electric is closing a number of light bulb factories in North America, with the loss of 1,425 jobs.
US employment outlook brightens
The US created more new jobs than expected last month, and revised figures suggest a stronger showing in August too.
ECB keeps interest rates on hold
The European Central Bank decides to keep interest rates in the eurozone at their current level of 4%.
Charity to close pension scheme
Consumer advice organisation Citizens Advice is to close its final salary pension scheme for current and future employees.
Halo maker parts from Microsoft
Bungie, the developers of the popular Halo series, are to part company with owners Microsoft.
Milk giants in merger discussion
Two of the UK’s largest milk co-operatives plan to merge to save costs and improve marketing
Guidelines for financial journalists
Halifax sees house prices slowing
More evidence of a slowdown in house prices has come from the UK’s biggest mortgage lender, the Halifax.
By admin
October 7th, 2007 at 06:48am
Under Business
Bungie, the developers of the popular Halo series, are to part company with owners Microsoft.
City ‘to lose 6,500 jobs’ in 2008
The City of London could lose 6,500 jobs in 2008 following market jitters, it has been predicted.
Postal dispute still deadlocked
Talks between the postal workers’ union and Royal Mail continue as the first of two planned strikes ends.
World Bank airs Kazakh concerns
A World Bank official expresses concerns about Kazakhstan’s attitude to foreign investment after recent disputes.
Northern Rock ‘loans top 10bn’
Northern Rock’s borrowing from the Bank of England may have topped 10bn, figures indicate.
Ecuador issues foreign oil decree
Ecuador’s president decrees the state should take 99% of profits made by foreign oil companies in Ecuador.
By admin
October 7th, 2007 at 06:48am
Under Business
US Secretary of State Condoleezza Rice tightens control over the operations of private security firms in Iraq.
UK ‘exporting emissions’ to China
The UK’s dependence on Chinese goods is contributing to a rise in carbon emissions, a report suggests.
Pensions boost for older women
Half a million women in their 60s could be due a payout from the state pension of 1000 or more.
No change for UK interest rates
The Bank of England decides to keep UK interest rates on hold at 5.75%, as widely expected.
US employment outlook brightens
The US created more new jobs than expected last month, and revised figures suggest a stronger showing in August too.
Crossrail gets the green signal
The Crossrail scheme to build a new railway line through the centre of London is given the go-ahead.
By admin
October 7th, 2007 at 06:48am
Under Business
The UK’s dependence on Chinese goods is contributing to a rise in carbon emissions, a report suggests. More…
Consumer advice organisation Citizens Advice is to close its final salary pension scheme for current and future employees. More…
Blackberry-maker RIM sees its latest profits more than double, thanks to surging subscriber numbers. More…
Two of the UK’s largest milk co-operatives plan to merge to save costs and improve marketing More…
The chairman of newly-created StatoilHydro resigns amid a corruption probe over contracts in Libya. More…
Northern Rock’s borrowing from the Bank of England may have topped 10bn, figures indicate. More…
US orders for factory goods saw their biggest drop in seven months in August, official figures show. More…
The Royal Mail has proposed the closure of its final salary pension scheme to all members. More…
Barclays says it will drop its bid for Dutch bank ABN Amro, clearing the way for the Royal Bank of Scotland to buy it. More…
More evidence of a slowdown in house prices has come from the UK’s biggest mortgage lender, the Halifax. More…
By admin
October 4th, 2007 at 01:05am
Under Business
Ukraine holds crucial talks to with Russia to try to stop its neighbour cutting gas supplies to the country.
Wal-Mart to open Mexico banks
Wal-Mart says it has cleared the final regulatory hurdle to opening its own bank in Mexico.
Council fined over minimum wage
Torbay Council is the first employer to face criminal prosecution for not providing the right minimum wage paperwork.
UK consumers ‘regain confidence’
Consumer confidence recovered in September despite recent market jitters, a Nationwide survey says.
Nasdaq buys Boston Exchange
The Nasdaq, the New York tech-based stock exchange, says it is to purchase another US bourse.
No takers in Bank of England sale
Banks once again show no interest in borrowing up to 10bn in emergency Bank of England funds.
Post workers set for more strikes
Postal workers will launch their next series of national strikes from noon, in a row over pay and job cut fears.
Surge in credit card fraud abroad
Fraud on UK credit cards has risen, a banking body says, driven up by the fraudulent use of cards overseas.
Guidelines for financial journalists
New Zunes take on Apple’s iPod
Microsoft is hoping that three new model of its digital media player will help it gain some market share.
New approval for Sony-BMG deal
The merger of Sony Music and BMG is once again approved by European regulators who reassessed the case.
Cadbury factories shed 700 jobs
Confectionery and drinks giant Cadbury Schweppes is to cut 700 jobs, 500 of them at its factory in Keynsham.
Chevron fined in Kazakh oil row
Kazakh authorities fine Chevron $609m for alleged environmental lapses, the latest in a number of moves against foreign investors.
Northern Rock scraps mortgages
Troubled mortgage lender Northern Rock decides to scrap two-thirds of its 213 different mortgage deals.
Vietnam splits new planes order
State-owned Vietnam Airlines splits its latest order for new planes between rivals Airbus and Boeing.
Fuel-cell cars to get test drive
Drivers are to get the chance to try out hydrogen-powered vehicles, car manufacturer General Motors says.
Bank issues net security device
Royal Bank of Scotland and NatWest bank customers are being given a new online security device.
Irish air tycoon Tony Ryan dies
Tony Ryan, the Irish entrepreneur who founded the airline Ryanair, dies aged 71 after a long illness.
No change expected for UK rates
The Bank of England is set to keep interest rates on hold at 5.75% while it assesses the recent financial turmoil.
By admin
October 4th, 2007 at 01:05am
Under Business
UK cigarette sales fell by 11% during July compared with a year earlier, following the smoking ban, data suggests. More…
Asian markets touch record highs as investors hope the worst of the summer’s credit problems is over. More…
Tony Ryan, the Irish entrepreneur who founded the airline Ryanair, dies aged 71 after a long illness. More…
Ukraine holds crucial talks to with Russia to try to stop its neighbour cutting gas supplies to the country. More…
Banks once again show no interest in borrowing up to 10bn in emergency Bank of England funds. More…
The merger of Sony Music and BMG is once again approved by European regulators who reassessed the case. More…
An accident at a mine in South Africa traps more than 3,000 workers deep underground, officials say. More…
Higher food costs pushed shop prices up in September, the British Retail Consortium says. More…
More…
The Competition Commission puts up recommended charges for passengers at Heathrow and Gatwick airports. More…
Consumer confidence recovered in September despite recent market jitters, a Nationwide survey says. More…
Torbay Council is the first employer to face criminal prosecution for not providing the right minimum wage paperwork. More…
Wal-Mart says it has cleared the final regulatory hurdle to opening its own bank in Mexico. More…
Fraud on UK credit cards has risen, a banking body says, driven up by the fraudulent use of cards overseas. More…
Pending sales of existing US homes fell in August to the lowest level since records began, new figures show. More…
Kazakh authorities fine Chevron $609m for alleged environmental lapses, the latest in a number of moves against foreign investors. More…
Royal Bank of Scotland and NatWest bank customers are being given a new online security device. More…
Northern Rock shares rise on reports of a takeover bid but one shareholder warns of the dangers of a quick sale. More…
The Bank of England is set to keep interest rates on hold at 5.75% while it assesses the recent financial turmoil. More…
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