Business news Archive, Page 2
- M&S delivers fresh jobs blow as rate... 2 hours ago
Marks & Spencer , the country's biggest clothing retailer, will cut jobs and close stores after a sharp fall in sales that added to pressure on the Bank of England to cut interest rates to a record low this week. ...more
- Air France-KLM close to Alitalia investment... 3 hours ago
Air France-KLM was close on Wednesday to taking a stake in Alitalia, two sources close to the matter said, edging out rival Lufthansa as their contest drew to a political finale in Rome. ...more
- Rate Decision: How Low Can It Go? 3 hours ago
The Bank of England is holding an historic meeting at which the interest rate is set to be slashed to an all-time low. ...more
- ... 3 hours ago
The country's biggest pizza delivery chain, Domino's Pizza UK & IRL Plc , said on Wednesday 2008 profits would be ahead of market expectations as recession-hit consumers staying in to save money switched to takeaways. ...more
- Oil prices slip before US energy report... 3 hours ago
Oil prices fell Wednesday on profit-taking as traders awaited the latest weekly snapshot of crude inventories in key energy consumer the United States. ...more
- Oil falls towards $48 a barrel 3 hours ago
Oil fell towards $48 on Wednesday after weak U.S. economic data sparked a bout of profit-taking overnight, outweighing escalating tensions in the Middle East and widening supply cuts from Russia's gas row with Ukraine. ...more
- German jobless up for first time in... 3 hours ago
German unemployment rose by a bigger-than-expected 18,000 in December, the first increase since February 2006 and a signal that a three-year downturn in joblessness is ending in the face of economic turmoil. ...more
- Hot small caps: William Ransom tumbles... 3 hours ago
Following is a round-up of key small cap movers on the London stock market on January 7, 2009. ...more
- Marks & Spencer says will axe 1,230... 3 hours ago
British clothing-to-food retailer Marks & Spencer said Wednesday it would cut as many as 1,230 jobs and shut 27 stores as the group struggled with falling sales and a looming recession. ...more
- Russian gas deliveries to Europe halted... 4 hours ago
All deliveries of Russian gas through Ukraine were halted on Wednesday, officials from both sides said, amid growing prospects European consumers could suffer from the crisis amid freezing weather. ...more
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