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FTSE closes at 3781
The FTSE 100 Index has ended a turbulent week down 94 points to a five-year low of at 3781. A weak opening on Wall Street put paid to hopes of a positive session in London, but the decline came despite a positive session for mining stocks and a number ofmore
Duo criticise delays to Asda's store plans for Bognor Regis
Two Bognor Regis councillors have criticised the delay to deciding the plans for an Asda store in the town. Cllrs Paul Wells and Francis Oppler accused Arun District Council of treating Asda's proposals differently from the more-recently revealed plansmore
Ex-bankers concede defeat over HBOS
Two former Scottish bankers have conceded defeat in their battle to force a rethink on the Halifax Bank of Scotland takeover by Lloyds TSB. The former heads of Bank of Scotland and Royal Bank of Scotland, Sir Peter Burt and Sir George Mathewson, hadmore
HSBC fails to pass on base rate cut to customers
Mortgage lender HSBC has said it will reduce its standard variable rate by only 0.81%, despite the 1.5% base rate cut last month. Britain?s biggest bank, HSBC (www.hsbc.com) confirmed yesterday that it will not pass on the full Bank of England Bank ofmore
Bank of Scotland boss apologises to shareholders
The outgoing head of Royal Bank of Scotland has apologised to shareholders for the company's financial troubles which have led to a state bailout. RBS chairman Tom McKillop said on Thursday he was 'profoundly sorry' for the human and financial cost bornemore
Ex-bankers concede defeat over HBOS
Two former Scottish bankers have conceded defeat in their battle to force a rethink on the Halifax Bank of Scotland takeover by Lloyds TSB. The former heads of Bank of Scotland and Royal Bank of Scotland, Sir Peter Burt and Sir George Mathewson, hadmore
Ex-bankers concede defeat over HBOS
Two former Scottish bankers have conceded defeat in their battle to force a rethink on the Halifax Bank of Scotland takeover by Lloyds TSB. The former heads of Bank of Scotland and Royal Bank of Scotland, Sir Peter Burt and Sir George Mathewson, hadmore
Scalable can do it for B&Q IT
VAR Scalable Communications has won a three-year managed service contract with home improvement giant Kingfisher, which owns B&Q. The two companies have worked together on various projects for more than a decade. Kingfisher IT Services (KITS) has taskedmore
Sainsbury's appeal
The company's bid to change the current times is being opposed by some nearby residents, who fear that it will cause noise and disturbance late at night and during the early hours of the morning. Sainsbury's is seeking permission to make deliverie s tomore
Review: Jongleurs at the O2
A NIGHT of comedy had threatened few laughs as confusion surrounded the start of Jongleurs' at the O2. With the indigO2 venue temporarily closed, organisers moved to the American Bar and Grill. The move angered some, who were left standing or even unablemore
Shareholders back bailout as RBS boss apologizes
The outgoing chairman of Royal Bank of Scotland apologized for the company's financial troubles on Thursday as shareholders backed plans to raise fresh capital as part of a state bailout. RBS chairman Tom McKillop said he was 'profoundly sorry' for themore
Scottish former bankers drop HBOS campaign
LONDON: George Mathewson and Peter Burt, the Scottish former bankers who tried to thwart Lloyds TSB's takeover of HBOS , dropped their campaign blaming tighter government funding terms for banks. 'The government's statement has raised several hurdlesmore
Ex-bankers concede defeat over HBOS
Two former Scottish bankers have conceded defeat in their battle to force a rethink on the Halifax Bank of Scotland takeover by Lloyds TSB. The former heads of Bank of Scotland and Royal Bank of Scotland, Sir Peter Burt and Sir George Mathewson, hadmore
Diageo unveils gift packs for Talisker and Bushmills
Diageo Great Britain has unveiled its Christmas gift packs for Talisker single malt Scotch whisky and Bushmills Irish whiskey, as well as ultra-premium brand Johnnie Walker Blue Label blended Scotch whisky. According to Diageo, alcohol is the leadingmore
Honda to halt UK production for two months
Honda's plant at Swindon will not produce any cars next February or March, although none of the 4,800 workers will be laid off despite the company reporting a 'dramatic change' in the global market. Jim D'Avila, regional officer for the Unite union,more
Top Story - Afternoon Markets: FTSE down 2% despite gains from miners
The FTSE 100 fell just over 2% today to reach 3,796 and saw some of yesterdays bottom stocks bounce back. Mining giants Vedanta Resources and Xstrata led the pack to regain some of the previous days losses, up 14.31% and 7.6% respectively. Antogafastamore
Opal reacts angrily to hike in BT's broadband wholesale prices
angrily to BT's announcement that it is raising its broadband wholesale prices in order to encourage customers to switch to its NGN products. Nathan Stenson, Wholesale Channel Director for Opal, said: 'In these times of economic uncertainty we aremore
Threatened Rolls-Royce workers told: Come to Canada
Workers at Rolls-Royce in Derby who are set to lose their jobs have been thrown a lifeline from an unlikely source - Canada. Yesterday, the company announced that it was looking to shed 2,000 people from its global workforce of 39,000 next year due tomore
Decline in MoD orders leads to loss of 25 BAE jobs
An engineering firm has axed 25 jobs in Leicester, blaming a decline in orders from the Ministry of Defence. The cuts affect the land systems arm of BAE Systems, in Scudamore Road, Leicester, where armoured vehicles are made. A further 175 jobs will gomore
ANALYSIS: what the Rolls-Royce job losses could mean
Some business people believed Derby's hi-tech industries would see it through the economic downturn. But yesterday, one of those firms, Rolls-Royce, announced it was cutting 140 jobs. Business editor ROBIN JOHNSON considers what the future holds. Not somore
British Land properties fall 10% in value
British Land sees values drop British Land's portfolio of properties fell 10.8 per cent over the last six months. Total properties now owned by British Land now stand at 11.6 billion and the firm's net debt total 4.5 billion. However, underlying pre-taxmore
HBOS rival deal ditched
A proposed rival bid for Halifax Bank of Scotland (HBOS) has been dropped. Sir Peter Burt and Sir George Mathewson had spoken about raising backing for a rival bid to Lloyds TSB to take over HBOS and keep the firm independent. However, following amore
Bank of England unanimous on 1.5% cut
Bank points to more rate cuts The Bank of England's monetary policy committee (MPC) voted unanimously to cut interest rates by 1.5 per cent earlier this month ' where a 2.5 per cent cut was discussed. The surprise cut to three per cent caught the marketsmore
No bus disruption despite strike say Stagecoach
DISRUPTION caused by the Stagecoach bus strike has been kept to a minimum today as more bus drivers crossed the picket lines and most school transport services ran to their original timetable. advertising Calum MacSween, Charleston Academy headteacher,more
Guaranteed Aisle or Window Seat on British Airways' Club Europe
British Airways is to offer passengers more comfort and privacy in its Club Europe cabin from February 23, 2009 by removing the use of the middle seat. The new configuration will offer those customers booked in the airline's shorthaul business classmore
Barclays shareholders take the bait
Barclays announced yesterday that shareholders had subscribed to the entire 500 million ($754 million) worth of reserve capital instruments offered to them, just one day after Barclays board said it will forego bonuses for 2008 and that all directorsmore
Ex-bankers concede defeat over HBOS
Two former Scottish bankers have conceded defeat in their battle to force a rethink on the Halifax Bank of Scotland takeover by Lloyds TSB. The former heads of Bank of Scotland and Royal Bank of Scotland, Sir Peter Burt and Sir George Mathewson, hadmore
Bumper launch for new Tesco
A JOBS-BOOSTING store opens its doors next week. Tesco's newly improved Hartlepool Extra store has undergone a major re-vamp and is set to re-launch on Monday. To celebrate, the store will be hosting a number of events for locals. Customers will bemore
Friday newspaper round-up: Woolworths, Barclays, Northern Rock
LONDON (ShareCast) - More than one in five homes on the market are there because their owners cannot afford the mortgage repayments, The Times has learnt. A survey of estate agents suggests that at least 5,000 properties a week are being put up for salemore