Finance News
Google News U.K. - Business Telegraph.co.uk | FSA's trial and error leads to a short-selling solution Financial Times - By Andrew Hill Gold, frankincense - hold the myrrh. The Financial Services Authority's decision to end the ban on shorting of financial stocks is no gift for the hedge fund community. The spivs are back, but on a short leash FSA plans to repeal ban on financial short-selling |
 TVNZ | The rise and fall of Wedgwood Independent - The company best known for Wedgwood china and Waterford crystal has appointed Deloitte as administrator after debts overwhelmed it. Economic fall shatters sales for historic crystal firm Wedgwood' mountain of debt shatters 250 years of history |
 stv.tv | Confidence and building activity reach new lows guardian.co.uk - Consumer confidence has fallen sharply, Nationwide reported today, spelling out deepening gloom for the economy, while a report released yesterday showed that construction activity has slumped to the lowest level on record. 'Awful' construction figures add pressure for hefty rates cut Construction sector activity takes a dive |
 Telegraph.co.uk | M&S cuts 1000 jobs as fashion sales dive Times Online - High street fashion retailers were the first big losers of 2009 as Britain returned to work yesterday to face the worst employment prospects in a generation. M&S set to axe jobs amid weak trading M&S 'plans to cut 1000 jobs' |
 stv.tv | Sales droop at Restaurant Group Financial Times - By Pan Kwan Yuk Restaurant Group, owner of the Garfunkel's and Frankie & Benny's chains, reported an abrupt slowdown in trading over the last seven weeks of 2008 as consumers reined in spending in response to the deepening economic downturn. Credit crunch immunity may be off the menu for Restaurant Group Restaurant Group up on 2008 despite not-so-merry Christmas |
 Portfolio | Bank meets as historic rate cut decision looms large Independent - By Sean O'GradyEconomics Editor The Bank of England's Monetary Policy Committee meets tomorrow for an historic session, heralding the lowest interest rates in the Bank's 314-year history and opening up the possibility that the Bank will soon embark on ... Ordinary savers count cost as banks cut interest on accounts Hungary's central bank open to more rate cuts |
 MSN Money UK | Retirement funds at risk in HBOS deal, says trustee Times Online - HBOS could be “hollowed out” by its takeover partner Lloyds TSB, leaving the 79000 people in the HBOS pension fund at risk of not having their pensions paid in full, the scheme' leading independent trustee warned yesterday. Lloyds to retain middle-tier HBOS executives Banks tighten small business lending as demand falls |
 BBC News | Wedgwood china falls victim to credit crisis Independent - By Jerome Taylor The future of the 200-year-old Wedgwood pottery in Stoke-on-Trent was thrown into doubt yesterday as its owner, Waterford Wedgwood, said it had called in administrators. End for an industry that once defined a region Stoke-on-Trent has a long history of making ceramics |
New expert chairman cheers Ennstone Times Online - Shares in Ennstone rose by more than 17 per cent after the troubled quarries group appointed a restructuring expert as its new executive chairman. Insolvency expert chairs Ennstone New chairman hired to rescue Ennstone |
Talk of Harbinger sell-off gives Tate & Lyle sour edge Times Online - The near-9 per cent gain that Tate & Lyle, the sugar producer, made in December dissolved away yesterday amid concern over mounting competition and talk that Harbinger, the activist shareholder, was selling out. STOCKS NEWS EUROPE-Tate & Lyle slips as Harbinger stake shrinks Market close: Sweetener shareholders left with sour taste in their ... |
Fry faces tough task at troubled Johnston Press Independent - By Mathieu Robbins John Fry, who took over at the helm of troubled Johnston Press yesterday, has his work cut out for him as the company, one of the worst-performers on the London stock market last year, faces up to the challenge of a possibly ... Fry takes helm at Johnston Press Bowdler to become PA Group non-exec chairman |
Volvo tie-up lifts Clean Air Power Financial Times - By David Blackwell Shares in Clean Air Power, the Aim-listed maker of equipment that enables trucks to run on a mixture of liquefied natural gas and diesel, rose 14 per cent to 14½p after news of a deal with Volvo Powertrain. Clean Air lines up power deal with Volvo Trucks REFILE-UPDATE 1-Clean Air technology to power Volvo engines |
