Business Headlines
Site: Google News U.K. - BusinessDarling warns Europe against unilateral action - Independent
 BBC News | Darling warns Europe against unilateral action Independent - By Gavin Cordon, PA Chancellor Alistair Darling tonight issued a sharp warning to European leaders not to risk worsening the economic crisis by taking unilateral action to protect their own banks and depositors. Darling promises support for banks Darling's statement: Hint of irritation from Mr Calm |
Icelandic government battles to save the economy - guardian.co.uk
 Times Online | Icelandic government battles to save the economy guardian.co.uk - The Icelandic government tonight presented an emergency bill giving it sweeping powers over the nation's banks as it battled to save the country from financial ruin. Iceland adopts sweeping powers in banking overhaul-PM British Icesave customers not covered by Icelandic government ... |
Ofgem warns suppliers over energy bills - Financial Times
 ITV.com | Ofgem warns suppliers over energy bills Financial Times - By Ed Crooks and Maggie Urry More than 4m customers are paying too much for their electricity in areas where there is not enough competition between suppliers, according to Ofgem, the energy regulator. Energy companies cleared of price fixing accusations UK Power Suppliers May Have to Cut Bills in Home Regions |
BNP Paribas pays €14.5bn for remainder of Fortis - Telegraph.co.uk
 Sify | BNP Paribas pays €14.5bn for remainder of Fortis Telegraph.co.uk - France's BNP Paribas became the Eurozone's largest deposit bank after agreeing a deal to buy Fortis' Belgium and Luxembourg divisions for €14.5bn (£11.3bn). BNP has edge in next wave of consolidation BNP Paribas reassures Fortis customers |
FTSE plunges to four-year low - The Press Association
 Emirates Business 24/7 | FTSE plunges to four-year low The Press Association - More than £93 billion was wiped from the value of the UK's biggest companies as London's FTSE 100 suffered its biggest fall since Black Monday. * FTSE 100 down 391 points; biggest ever one-day points fall Black Monday II: the worst for decades |
Kesa hopes Twelfth Night signals a return to normality - Financial Times
 Daily Mail | Kesa hopes Twelfth Night signals a return to normality Financial Times - By Andrew Hill Credit insurance - which provides the lubricant for many retailers’ supply chains - is starting to dry up in the UK. Kesa turns to PPR for new chief executive UPDATE 1-Kesa names Redcats' Falque-Pierrotin as CEO |
New car sales plunge 21 per cent as financial crisis bites - Daily Mail
 BBC News | New car sales plunge 21 per cent as financial crisis bites Daily Mail - By Daily Mail Reporter In a further sign of the deepening impact of the financial crisis the number of new cars sold last month plunged by more than a fifth. British new car sales fall 21 percent in September New car sales slump by a fifth |
CBI urges interest rate cut - Telegraph.co.uk
 ITV.com | CBI urges interest rate cut Telegraph.co.uk - Pressure is building on the Bank of England to reduce interest rates this week after Britain's biggest business lobby called for a sharp cut and City economists warned of "a deeper and longer" recession than initially feared. Now is not the time to lower interest rates Government won't tell Bank to cut rates |
Pizza Hut to become Pasta Hut - Telegraph.co.uk
 Telegraph.co.uk | Pizza Hut to become Pasta Hut Telegraph.co.uk - Restaurant chain Pizza Hut is to change its name to Pasta Hut in an effort to develop a healthier image. By Charlotte Bailey Workers replace the signage outside a Pizza Hut restaurant. Name change for Pizza Hut Pizza Hut rebrands as Pasta Hut |
TNS succumbs to WPP bid offer - guardian.co.uk
 AFP | TNS succumbs to WPP bid offer guardian.co.uk - LONDON, Oct 6 (Reuters) - British marketing research group Taylor Nelson Sofres admitted defeat in its bid battle with Martin Sorrell's WPP Group on Monday, recommending its shareholders accept the deal on offer. TNS board does U-turn and advises acceptance of WPP offer TNS management backs takeover from WPP |
Carriers to be electric powered - BBC News
 BBC News | Carriers to be electric powered BBC News - A £235m contract to build two electrically-powered Royal Navy aircraft carriers has been signed. The Ministry of Defence (MoD) says HMS Queen Elizabeth and Prince of Wales will be more fuel efficient compared to older ships. Rolls-Royce wins 96 mln pounds Royal Navy contract UPDATE Rolls buoyed by warship contract |
Eighty per cent risk identity theft - The Press Association
 Sky News | Eighty per cent risk identity theft The Press Association - Eight out of ten people are leaving themselves open to identity theft by binning personal information, a study revealed. Even though the vast majority of people fear they are at risk from the fraud, less than half of us know how to protect ourselves ... Death records plan to curb identity fraud 90000 Irish hit by identity fraud |
UK must cut greenhouse gases by 80 per cent, says Committee - Telegraph.co.uk
 Telegraph.co.uk | UK must cut greenhouse gases by 80 per cent, says Committee Telegraph.co.uk - By Louise Gray, Environment Correspondent The UK should cut greenhouse gases by at least 80 per cent by the middle of the century, according to a committee set up to advise the Government on climate change. Climate change and energy policies lack cohesion, says Oxfam report Miliband to head new climate department |
Easyjet attracts more passengers - BBC News
 BBC News | Easyjet attracts more passengers BBC News - The budget airline Easyjet has been flying more passengers, despite the economic downturn, the company said. Passenger numbers rose 22% between September 2007 and last month at the company, based at Luton, Bedfordshire. EasyJet reports more seats sold Good News for easyJet As Passenger Numbers Rise |
Balfour Beatty hit by £2.25m fine for obtaining property by ... - Daily Mail
 Daily Mail | Balfour Beatty hit by £2.25m fine for obtaining property by ... Daily Mail - By Robert Lea A corruption investigation into Britain's biggest construction company today led to Balfour Beatty paying out £2.25million for obtaining property by unlawful conduct. Balfour Beatty pays £2.25m after SFO probe Balfour Beatty fined £2.25 million by Serious Fraud Office |
Ferrexpo shareholder forced to sell 20pc stake in Ukrainian miner - Telegraph.co.uk
 Daily Mail | Ferrexpo shareholder forced to sell 20pc stake in Ukrainian miner Telegraph.co.uk - The majority owner of Ukrainian miner Ferrexpo has become the latest victim of the financial crisis as he was forced to sell more than 20pc of the company to meet margin calls. Major Ferrexpo owner sells 20 pct to New World Ferrexpo majority shareholder sells 20.8% |
Newsquest to cut jobs at London papers - guardian.co.uk
Newsquest to cut jobs at London papers guardian.co.uk - The National Union of Journalists has attacked planned cuts at Newsquest titles in north and east London that could see 12 editorial positions go across the group and up to six staff made redundant. Twelve jobs to go on London weeklies claims union Newsquest to axe 12 jobs |
BA flight makes emergency landing in Chicago - guardian.co.uk
 Telegraph.co.uk | BA flight makes emergency landing in Chicago guardian.co.uk - A British Airways flight made an emergency landing in Chicago last night after staff smelled burning, the airline said today. Flight BA195 from Heathrow to Houston was diverted to O'Hare International airport, where it touched down at 1.20pm (0720pm ... BA flight forced to make emergency landing due to 'burning smell' BA flight makes emergency landing |
'Rescued' car parts group closes - BBC News
 BBC News | 'Rescued' car parts group closes BBC News - A Sheffield-based car parts group, which appeared to have been rescued in a takeover deal last week, has been unexpectedly closed by its new owners. Car parts firm's staff lose jobs LSUK Goes into Administration |
Lehman's Fuld falls on sword as Congress bares teeth - guardian.co.uk
 BBC News | Lehman's Fuld falls on sword as Congress bares teeth guardian.co.uk - By Rachelle Younglai and Kim Dixon WASHINGTON, Oct 6 (Reuters) - Richard Fuld, the disgraced head of Lehman Brothers, said he took full responsibility for his actions ahead of the downfall of the 158-year investment bank, but said US regulators knew ... Video: Congress Opens Hearings on Financial Meltdown House panel fault's Lehman's leadership |
