Spain extradition order for man accused of girlfriend's murder
A judge today ordered the extradition of a British man wanted in Spain over
the murder of his girlfriend.
Fri, 03 Sep 2010 12:15:50 +0100
'Grim' outlook for building industry as orders fall
Britain's building industry was facing a bleak future today after construction
orders suffered a dramatic 14% fall between April and June.
Fri, 03 Sep 2010 12:13:57 +0100
Gulf oil disaster costs BP £5.2 billion
Oil giant BP said today that the cost of tackling the Gulf of Mexico disaster
had risen to £5.2 billion so far.
Fri, 03 Sep 2010 08:47:08 +0100
US jobless figures set to raise fears of double dip
Investors are bracing themselves for another grim snapshot of the US labour market today, when the government is expected to confirm that unemployment is again on the rise.
Fri, 03 Sep 2010 00:00:01 +0100
The Business On... Alexandre Behring, Managing partner, 3G Capital Partners
Never heard of him. Or it
Fri, 03 Sep 2010 00:00:01 +0100
RBS to cut 3,500 jobs after branch sell-off
Royal Bank of Scotland is axing a further 3,500 jobs in the UK, taking the number of cuts since it was bailed out and nationalised in 2008 to almost 27,000 worldwide.
Fri, 03 Sep 2010 00:00:01 +0100
House prices slip again as market faces stagnation
House prices are "stagnating" and seem likely to fall over the next few months, according to the Nationwide building society.
Fri, 03 Sep 2010 00:00:01 +0100
Bernanke: Fed could do nothing to save Lehman
The Federal Reserve was powerless to stop the collapse of Lehman Brothers in 2008, the central bank's chairman said yesterday, but he was too scared to say so in public at the time.
Fri, 03 Sep 2010 00:00:01 +0100
Business Diary: Software rap is, well, just...
When big companies try to get down with the kids and tackle the yoof market, you know you're in for trouble. When they try to do it with rap music, disaster is sure to follow. The latest example of this is internet security company Norton, which has enlisted Snoop Dogg for its latest campaign against cyber crime. There's a website ? "Hack is Wack" ? and a competition inviting you to upload your own two-minute rap video on cyber crime, the prize being a once-in-a-lifetime chance to meet the great man, who is probably going to rapidly regret his involvement in such a cringeworthy venture.
Fri, 03 Sep 2010 00:00:01 +0100
James Moore: RBS playing the offshoring game
Outlook Barely a week goes by without yet more job losses at Royal Bank of Scotland. Another 3,500 posts were trimmed yesterday. The total (as estimated by the Unite union) is at 21,500 since 2009. Some of the latest batch come as a consequence of the forced sale of more than 300 branches to Banco Santander. But many more are part of a continuing programme of lay-offs as Stephen Hester grapples with the wreckage left by his predecessor, Sir Fred Goodwin.
Fri, 03 Sep 2010 00:00:01 +0100
DSGi dismisses threat of Best Buy's arrival in UK as sales of iPads and TVs soar
The chief executive of DSGi, owner of the Currys and PC World retail chains, has seen "no impact" from the launch of Best Buy in the UK.
Fri, 03 Sep 2010 00:00:01 +0100
Hamish McRae: Sense of foreboding in markets is not warranted by world growth prospects
The markets are being too gloomy about the recovery. If that sounds a bald (and bold) statement, let me put the point a bit more precisely. There are many reasons to expect that the recovery, both here, in the US and elsewhere, will struggle in the coming months. I happen to think it likely that there will be some sort of double dip, though not a return to actual recession. But while there are plenty of reasons to be cautious, they warrant neither the present sense of foreboding in the markets, nor indeed the barrage of criticism that the US policymakers in particular have been subjected to.
Fri, 03 Sep 2010 00:00:01 +0100
Now meat price surge raises fear of food inflation
Freakish weather conditions and soaring demand from China, Brazil and other fast-emerging economies have pushed meat prices around the world to a 20-year high.
Fri, 03 Sep 2010 00:00:01 +0100
Market Report: Man tops the FTSE 100 as bid talk dominates again
For a second day, the takeover talk was going gangbusters, with rumours in at least four major UK-listed companies doing the rounds. Top of the blue chips at the end of the session was the world's largest listed hedge fund, Man Group. The group rose 12.5p to 229p predominantly after broker Numis raised its recommendation from "reduce" to "buy" a day after it shareholders approved the acquisition of rival GLG. Some gossips in the market were also reheating talk Man itself could be a target. Two months ago, the chat was of potential suitors including Goldman Sachs, although there has been little evidence to support it.
Fri, 03 Sep 2010 00:00:01 +0100
Investment Column: Go ahead and hold Go-Ahead for the divvy
Our view: Hold
Fri, 03 Sep 2010 00:00:01 +0100
Regulators near Basel III deal
Global regulators, seeking to avoid an effective German veto of proposed new rules for banks' balance sheets, are expected to reach a deal next week in a dispute over the definition of capital reserves.
Fri, 03 Sep 2010 00:00:01 +0100
Pension liabilities hit a record high
The liabilities faced by defined benefit pension schemes soared to a record high during August as market conditions continued to deteriorate, according to Aon Consulting.
Fri, 03 Sep 2010 00:00:01 +0100
Watchdog bans insurance broker
An insurance broker was banned for using clients' cash to pay himself bonuses and buy a luxury car.
Fri, 03 Sep 2010 00:00:01 +0100
UK plc 'shuns overseas M&A'
British businesses have been slow to spend their way out of the recession, leaving the UK lagging behind other economies, according to a report by KPMG.
Fri, 03 Sep 2010 00:00:01 +0100
ECB keeps liquidity safety net for banks
The European Central Bank has extended its liquidity safety net for vulnerable eurozone banks into next year, delaying the end of its crisis measures and urging caution over the economic recovery.
Fri, 03 Sep 2010 00:00:01 +0100