Business Headlines
Site: Google News U.K. - BusinessZoom Airlines goes into administration - Telegraph.co.uk
 Telegraph.co.uk | Zoom Airlines goes into administration Telegraph.co.uk - The airline, which operates services between the UK and the United States and Canada, has blamed rising fuel costs and the general economic downturn for the decision. Zoom airline grounded over non-payment of fees Airline goes into administration |
UK retail sales 'at record low' - BBC News
 MSN Money UK | UK retail sales 'at record low' BBC News - A report on UK retail sales has posted its worst monthly reading since it was first compiled 25 years ago. A balance of 46% of retailers reported a fall in sales in the first half of August compared with a year earlier, said the CBI business ... Retail slowdown: High street sales figures worst since 1983, CBI says Retail sales hit 25-year low as high food and fuel costs ... |
Aer Lingus to cut business as losses soar - Times Online
 RTE.ie | Aer Lingus to cut business as losses soar Times Online - Aer Lingus, the Irish airline, said today that severe cost cutting would be needed for the business to remain viable in an environment of high costs and falling demand from passengers. Aer Lingus Swings to Loss As Fuel Costs Weigh Heavily UPDATE 3-Aer Lingus to cut back, sees losses into 2009 |
house prices falling fastest in 18 years - Times Online
 RTE.ie | house prices falling fastest in 18 years Times Online - Prime properties in the heart of rural England have finally been drawn into Britain's sliding housing market, it emerged today, as Nationwide Building Society reported that prices are falling at their fastest annual rate in almost 18 years. House prices down for tenth consecutive month House prices fall by more than ten per cent |
British Energy "optimistic" about EDF deal - Reuters UK
 AFP | British Energy "optimistic" about EDF deal Reuters UK - LONDON (Reuters) - British Energy (BGY.L: Quote, Profile, Research) described as "optimistic" government hopes that it may agree a merger with French power group EDF (EDF. High fuel prices are here to stay, says business secretary UK minister says energy comes before climate: report |
Savills shrugs off UK property slump as lettings surge - Telegraph.co.uk
 Sky News | Savills shrugs off UK property slump as lettings surge Telegraph.co.uk - By Emma Thelwell Property group Savills shrugged off a hammering in the UK property market with strong growth in its consultancy and management arms. Tempus comment: Savills Housing slump: Savills feels the chill from London property slowdown |
UK approves big gas-fired power plant in Teesside - guardian.co.uk
UK approves big gas-fired power plant in Teesside guardian.co.uk - LONDON, Aug 28 (Reuters) - The British government has approved Thor Cogeneration Limited's 1020-megawatt gas-fired combined heat and power station project in northeast England, energy minister Malcolm Wicks said on Thursday. Thor gets green light to build CHP station Big gas fired power plant in Teesside approved |
UPDATE: Diageo Net Up 2% As Scotch Demand Offsets Rising Costs - CNNMoney.com
 AFP | UPDATE: Diageo Net Up 2% As Scotch Demand Offsets Rising Costs CNNMoney.com - LONDON (Dow Jones) -- Diageo , the world's largest spirits maker, said its profit edged up 2% in the June-ending fiscal year, as demand for scotch in Latin America and beer in Africa compensated for rising input costs and flagging interest in ... Diageo cuts growth target as earnings rise 11 pct Diageo Profit Drops on Higher Barley, Energy Costs (Update1) |
Premier Foods pushes up prices on top consumer brands - guardian.co.uk
 BBC News | Premier Foods pushes up prices on top consumer brands guardian.co.uk - Price rises will come as a blow to consumers already struggling with rising bills. Photograph: Martin Godwin Premier Foods, owner of some of the UK's best-known grocery brands such as Hovis and Oxo, said today it had pushed through "key" price ... Hovis maker sees debt level rise Premier Foods reports small first-half profits |
TNS' Main Shareholder Rejects WPP Bid - Daily Research News Online
 Turkish Press | TNS' Main Shareholder Rejects WPP Bid Daily Research News Online - In the UK, employee-owned investment firm Cedar Rock Capital - the largest shareholder in TNS - is understood to have rejected ad giant WPP’s latest £1.1bn offer. Market research: TNS vulnerable as German bid is scrapped German firm GfK pulls out of TNS takeover |
Henderson chief executive to step down - Money Marketing
Henderson chief executive to step down Money Marketing - Henderson chief executive Roger Yates is stepping down after 10 years passing the role on to head of equities Andrew Formica. Formica will take the position in November with David Jacob becoming chief investment officer. Henderson chief quits as company plans to leave the UK Henderson suffers in hostile market; CEO steps down |
Source says top central banks eye foreign currency collateral - Reuters UK
 Turkish Press | Source says top central banks eye foreign currency collateral Reuters UK - By Krista Hughes FRANKFURT (Reuters) - Major central banks are working on new rules to bolster global liquidity flows in times of crisis by accepting assets denominated in foreign currencies, a Group of Ten central banking source said on Thursday. Dollar off lows as crude oil retreats The European Central Bank Closing the dustbin lid |
The excessive burden of green taxes - Telegraph.co.uk
 The Sun | The excessive burden of green taxes Telegraph.co.uk - Today the TaxPayers' Alliance has released a report, The Burden of Green Taxes, that lays bare the amount we are all paying in green taxes and charges and examines whether that burden is justified. Green Taxes 'Are Excessive', Report Claims British families pay almost £800 per year in 'dishonest' green taxes |
British workers fear redundancy - guardian.co.uk
 ITV.com | British workers fear redundancy guardian.co.uk - More than 10% of the UK's workforce doubt they will be in their job in a year's time, according to a report released today. Wales workers fear for their jobs British workers 'fear job losses' |
'Decoding' the housing market - BBC News
 BBC News | 'Decoding' the housing market BBC News - House sales dropped by almost 20% in Scotland between April and June, compared to the same time last year. But despite the overall drop in sales, average prices rose over the year by 4.6% to £155691. Housing slump hits Capital market as sales drop by 25% House prices rise in Scotland |
Bodycote sells testing arm - Manchester Online
Bodycote sells testing arm Manchester Online - ENGINEERING giant Bodycote today agreed to sell its testing division to an American private equity firm for £417m and said it would return £260m to its shareholders. UPDATE 1-Bodycote to sell testing unit for 417 mln stg Bodycote to sell testing business |
Buying airports Ward of the state - Economist
Buying airports Ward of the state Economist - ALONG with cricket and the industrial revolution, privatisation must rank high on any list of Britain’s intangible exports that have helped shape the world. Airlines mock decision to award BAA Olympics role Rye area airport welcomes break-up of British Aviation Authority ... |
Three new faces on RBS board - Scotsman
 Home Move | Three new faces on RBS board Scotsman - THREE new non-executive directors have been appointed to the board at Royal Bank of Scotland. The Edinburgh-based bank has announced British Land Company chief executive Stephen Hester, former Australia and New Zealand Banking Group chief executive ... RBS axe likely to fall on Sir Tom, not Sir Fred RBS shores up its boardroom with banking heavyweights |
Mutual insurer LV pays £150m for Highway - Telegraph.co.uk
Mutual insurer LV pays £150m for Highway Telegraph.co.uk - By Jamie Dunkley LV, the mutual formerly known as Liverpool Victoria, has agreed a £150m deal to buy Highway Insurance Group. The two companies announced that a 75p-a-share offer had been accepted by Highway's board. UPDATE 1-Highway Insurance agrees 150 mln pound takeover Liverpool Victoria to buy Highway Insurance for £150 million |
MPC dove Blancheflower to vote for rate cut - Telegraph.co.uk
 Mirror.co.uk | MPC dove Blancheflower to vote for rate cut Telegraph.co.uk - By Angela Monaghan Two million Britons may be out of work by Christmas and big cuts in interest rates are needed now to stop the economy heading into a deep and prolonged slump, claims Bank of England policymaker David Blanchflower. Big cuts in UK rates needed-BoE's Blanchflower MPC dove sounds '2m out of work' warning |
