Cameron's Speech Rebuked By Fiscal Watchdog

David Cameron has been rebuked by the Office for Budget Responsibility about the impact of his Government's austerity measures on economic growth. In a high-profile speech on Thursday, the Prime Minister said the OBR was "absolutely clear that the deficit...

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US Boom: Jobs Jump By 236,000 In February

The number of people hired in the United States by non-farm employers jumped by 236,000 in February, exceeding expectations. The unemployment rate also dropped to 7.7% from 7.9% in January, the lowest level since December 2008. The Obama administration...

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More Than 400 In Barclays Millionaires' Club

By Mark Kleinman, City Editor More than 400 staff at Barclays earned pay deals worth more than £1m last year, a reduction on 2011 but a substantial number for a year in which the bank's reputation was dragged through the mire. According to Barclays'...

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Barclays Chief Jenkins Hints At Jobs Axe

By Mark Kleinman, City Editor The chief executive of Barclays has suggested that the growing automation of banking services could result in tens of thousands of jobs disappearing from its workforce during the next decade. I have learned that during...

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PM: We'll Come Through If We Hold Firm

Cameron Firm On Tough Resolutions Updated: 4:54pm UK, Thursday 07 March 2013 By Jon Craig, Chief Political Correspondent, in Keighley David Cameron came to Bronte country to talk about human emotions … or rather the impact on them of these tough...

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Esure Sets Price Range Ahead Of Flotation

esure has set a price range of 240p to 310p per share ahead of its much anticipated London initial public offering. The mid-point values the company - founded and chaired one of Britain's wealthiest entrepreneurs, Peter Wood - at £1.1bn. The home and...

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RBS Apology As Customers Hit By New IT Glitch

RBS, NatWest and Ulster Bank have apologised after many customers were unable to use their accounts online or withdraw cash for several hours. The technical problems, which started on Wednesday evening, come less than a year after they were hit by a...

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Aviva Shares Hit After Dividend Slashed

The country's second-largest insurer has seen its share price tumble after announcing a huge loss and cut to its dividend. Aviva lost more than 14% of its value when the FTSE 100 opened for trading. It had updated the market on its performance for...

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Daw Mill Mine Closes Leaving 650 Jobs At Risk

The owner of Daw Mill Colliery confirms it will close, ending 47 years of coal production at the Warwickshire mine. UK Coal Mine Holdings said the majority of its 650-strong workforce face redundancy. The move comes after what the company's chief executive...

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Payday Loans: Firms Face Tougher Ad Rules

Payday loans firms are facing tighter advertising rules as the Government tries to ensure that companies do not take advantage of people drowning in debt. The plans include limiting the number of adverts firms are allowed to put out per hour, the times...

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Sharp Deal: Shares Soar As Samsung Invests

Samsung has announced a 10.4 billion yen (£70m) capital injection in Sharp, making it the Japanese firm's largest foreign shareholder. The South Korean company, which will take a 3% stake in its rival, will secure a supply of Sharp's liquid-crystal...

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New Car Sales Up For 12th Successive Month

New car sales rose for the 12th successive month in the UK in February, bucking the market trend of falling demand across Europe. ...

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Funding For Lending Credit Cut Sharply

British lenders taking part in a Bank of England scheme to boost firms' and households' access to credit cut lending sharply in the last three months, official statistics have revealed. The lower than expected Funding for Lending Scheme (FLS) figures...

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New FSA Rules Prompt Internet Bank Rethink

By Mark Kleinman, City Editor A new retail bank which has been struggling to secure funding and regulatory approval for more than three years has restarted talks with potential investors, buoyed by new rules governing start-up lenders. I have learnt...

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China Spending Billions More On Defence

By Mark Stone, China Correspondent China is to increase its defence budget spending by 10.7%, the country's government has announced. The increase means a total of RMB720bn (£76.4bn) will be allocated to the Chinese military.  The announcement...

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Pressure On First Buyers As House Prices Rise

By Nick Martin, Sky Correspondent House prices edged up month-on-month in both January and February this year, bringing good news for homeowners but adding pressure on first-time buyers. Building society Nationwide said it was cautiously optimistic...

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HSBC Boss Gulliver In Line For £2m Bonus

By Mark Kleinman, City Editor HSBC is to award its chief executive a bonus of just under £2m for 2012 following a year of successful strategic action to overhaul the bank but which was marred by a £1.2bn fine for violating US money-laundering laws....

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Obama Signs Order To Start Spending Cuts

President Barack Obama has signed an order authorising $85bn cuts in domestic and defence spending following the failure of efforts to strike a deal with Republicans on cutting the US deficit. Mr Obama and Republican leaders in the House and Senate...

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