Business Headlines
Site: Google News U.K. - BusinessFannie and Freddie rescue to set London stocks soaring - Times Online
 Washington Post | Fannie and Freddie rescue to set London stocks soaring Times Online - London's leading stocks are expected to soar by nearly 170 points this morning as global markets breathed a sigh of relief following the US Government’s bailout of Freddie Mac and Fannie Mae last night. Video: AP Top Stories WRAPUP 1-China, Japan hail US mortgage bailout as doubts linger |
Derbyshire and Cheshire turn to Nationwide as financial woes mount - Telegraph.co.uk
Derbyshire and Cheshire turn to Nationwide as financial woes mount Telegraph.co.uk - By Ben Harrington Nationwide, Britain's biggest building society, has merged with smaller mutuals the Derbyshire and Cheshire following the "identification of financial issues" at both companies. Nationwide confirms Cheshire and Derbyshire deals Nationwide will merge with rivals |
Rises in directors' pay 'slowing' - BBC News
 BBC News | Rises in directors' pay 'slowing' BBC News - Directors of the UK's largest companies enjoyed pay rises well above inflation last year but salary growth has slowed, according to research from Deloitte. Executive pay: Crunch catches up with everyone but the top boss Financial services executives get bigger pay rises |
George Best Airport sold - The Press Association
 Irish Examiner | George Best Airport sold The Press Association - The George Best Belfast City Airport has been sold for nearly four times what its owners paid just five years ago, it has been announced. Ferrovial cashes in on its Belfast asset as George Best is sold Ferrovial to sell Belfast City Airport for £132.5m |
Brown pledges to square up to hard truths - guardian.co.uk
 Times Online | Brown pledges to square up to hard truths guardian.co.uk - A resolute Gordon Brown will today tell the cabinet, meeting outside London for the first time since Lloyd George's prime ministership, that he is determined to provide leadership for Britain by "squaring up to hard truths, taking tough decisions on ... Help families to cut their bills or else Gordon Brown vows to tackle UK's problems like his own personal ... |
Swiss tax regime lures Krom - FT Alphaville
Swiss tax regime lures Krom FT Alphaville - An $810m London hedge fund has moved to Switzerland to cut its tax bill and improve the lifestyle of its partners - a move that advisers predict will be emulated by larger firms. UK hedge fund shifts base to Switzerland over tax issue Hedge fund Krom swaps City for low tax and easier Swiss lifestyle |
Retail: M&S creates climate of fear, claims worker who blew whistle - guardian.co.uk
 Times Online | Retail: M&S creates climate of fear, claims worker who blew whistle guardian.co.uk - The employee sacked by Marks & Spencer for leaking details of cuts in redundancy payments has accused the company of operating in a "climate of fear" by monitoring private phone calls and keeping tabs on people's emails. 'Bugged by M&S' M&S faces staff monitoring claim |
Mail and phone conmen make £3.5bn a year - Telegraph.co.uk
Mail and phone conmen make £3.5bn a year Telegraph.co.uk - Millions of Britons are losing money to fraudsters who receive £3.5billion a year from letter, email, text and telephone scams, according to the Office of Fair Trading. Mass-market scams rake in £3.5bn Mail and phone scams catch out 3m |
US banks face losses after giant mortgage bail-out - Independent
US banks face losses after giant mortgage bail-out Independent - By Stephen Foley in New York The Government is underestimating the cost of providing pensions to its employees by as much as £15bn a year, pushing the total cost of public sector pension liabilities ever closer to the £1 trillion mark. Pension costs mistated by £15bn Taxpayers face £3.5bn pensions bill |
AB Foods sees rising sales at Primark - ShareCast
AB Foods sees rising sales at Primark ShareCast - LONDON (SHARECAST) - AB Foods said full year profit remained in line with expectations after a good performance at Primark offset declining profit at its EU sugar operations. UPDATE 1-AB Foods H2 Primark like-for-like sales up 2 pct AB Foods Says Profit Climbed on Higher Grocery Prices (Update1) |
CBI survey highlights growth of flexible working - Telegraph.co.uk
 MSN Money UK | CBI survey highlights growth of flexible working Telegraph.co.uk - By Russell Hotten, Industry Editor Big shifts in the employment market are revealed today in a comprehensive new survey showing the rapid growth of flexible working. Rapid rise in flexible working, CBI study shows Flexible working `being accepted` |
One Scottish pub closes for business every 48 hours - The Herald
 Metro | One Scottish pub closes for business every 48 hours The Herald - Scottish pubs are closing at a rate of one every two days, according to the UK's largest licensed trade lobbying group. The British Beer and Pub Association, whose Scottish wing represents almost one-third of the 5200 public houses north of the border, ... Last orders for five pubs a day Pubs closing for business at a rate of 36 per week |
Simpler rail ticketing introduced - BBC News
 BBC News | Simpler rail ticketing introduced BBC News - The second phase of a simpler rail ticketing system has come into operation, with just two categories for buying tickets on the day of travel. National Rail completes shake-up of train tickets Rail travel is easier but still too pricey |
Private Equity Still Charms - Wall Street Journal
Private Equity Still Charms Wall Street Journal - By JAMES MAWSON Even if private-equity funds are having to adapt to slower times, their fund raising is expected to continue to increase over the long term as new investors flock to the sector and existing investors boost their allocation. Fundraising wave rolls on as asset class wins capital Investors form elite club to cajole buyout firms |
Korean regulators caution KDB over taking stake in Lehman - Telegraph.co.uk
 Times Online | Korean regulators caution KDB over taking stake in Lehman Telegraph.co.uk - By Mark Kleinman Korea’s financial regulator has warned Korea Development Bank for a second time to “carefully’’ consider if the time is right to buy a stake in Lehman Brothers, the troubled US securities firm. Lehman's Fuld Shuffles Top Management for Third Time (Update1) Lehman Alters Leadership Ahead of Layoffs |
DMA trading begins to gain ground in Asia - Financial Times
DMA trading begins to gain ground in Asia Financial Times - By Andrew Wood Direct market access, which allows fund managers and other institutions to buy and sell shares using brokers’ computers as if they were traders, looks set for rapid growth in Asia after establishing itself in North America and Europe. The economic concertina Custodians poised to grab global opportunities |
3rd UPDATE: Conoco, Origin To Form JV; May Scuttle BG Bid - CNNMoney.com
 Maktoob Business (press release) | 3rd UPDATE: Conoco, Origin To Form JV; May Scuttle BG Bid CNNMoney.com - SYDNEY -(Dow Jones)- ConocoPhillips (COP) has agreed to pay up to US$8 billion for a half share in the coal seam gas assets of Origin Energy Ltd. Origin deal ups the ante for BG Group bid Australian Coal-Seam Gas Shares Rise on Conoco-Origin Agreement |
Warning over growing fuel poverty - The Press Association
 BBC News | Warning over growing fuel poverty The Press Association - Almost a quarter of the population will be in fuel poverty by next year and those on low incomes will be especially badly hit, new figures have shown. One in four 'facing fuel poverty' Poverty to grow as fuel costs soar |
Firefighters in the hot seat as rescues soar to record levels - WalesOnline
 BBC News | Firefighters in the hot seat as rescues soar to record levels WalesOnline - THE number of people being rescued by firefighters has hit an all-time peak in Wales, with more than 60 people a month being saved from car crashes and fires, it was revealed today. Fire crews 'rescue 141 a month' 100 'life-saving' rescues a month |
Johnson seeks business advice on 'livability' - Financial Times
Johnson seeks business advice on 'livability' Financial Times - By David Turner Top business leaders will discuss London's "livability" next month, at the first meeting of a committee set up by Boris Johnson that is aimed at "securing the capital's position as a top capital city". M&S boss joins Boris Johnson's London advisory board Top executives to advise Johnson |
