Osborne Issues Legal Challenge To EU Bank Tax

By Ed Conway, Economics Editor George Osborne has launched an unprecedented legal challenge against European plans for a financial transactions tax. The move, which will be seen as a further sign of fraying relations between the UK and the rest...

16.01 | 0 komentar | Read More

Virgin Active Eyes £2bn David Lloyd Merger

By Mark Kleinman, City Editor Virgin Active is mulling a takeover bid for David Lloyd Leisure that would create a £2bn health and fitness empire, and entrench Sir Richard Branson as the industry's most important British stakeholder. I have learnt...

16.01 | 0 komentar | Read More

Fitch Strips UK Of AAA Rating On Debt Outlook

Ratings agency Fitch has stripped the UK of its AAA rating, citing a "weaker economic and fiscal outlook". The agency placed the UK on an AA+ rating, following Moody's downgrade of UK debt in February. A Fitch statement said: "The downgrade of the...

16.01 | 0 komentar | Read More

Retail Sales Drifted As March Snow Fell

The coldest March since 1962 stopped shoppers hunting down spring ranges, resulting in a 0.7% fall in overall retail sales. The Office for National Statistics (ONS) figures said that left sales 0.5% lower on the year. Despite the early Easter holiday,...

16.01 | 0 komentar | Read More

Lagarde: IMF May Urge Osborne Over Austerity

By Ed Conway, Economics Editor Christine Lagarde has given her firmest signal yet that the International Monetary Fund is on the brink of issuing George Osborne with detailed advice on changing his austerity plans. The IMF managing director warned...

16.01 | 0 komentar | Read More

Tech Giants Boosted By New Strategies

Tech firms Google and Microsoft have reported strong quarterly growth amid shifting strategies for both. Google's core internet business net revenue grew 23% in the first quarter as profit climbed to $3.35bn (£2.2bn), despite a trend toward cheaper...

16.01 | 0 komentar | Read More

'Quick House Sale' Market Investigated

The Office of Fair Trading (OFT) is investigating fears people desperate for money are being preyed on by firms offering "quick house sales". Fifty unidentified companies operating in the market have been contacted by the watchdog for details on their...

16.01 | 0 komentar | Read More

Apple Share Value Peels Away On Demand Fears

Apple shares fell below the $400 mark on Wednesday for the first time since December 2011 amid fears about weakening demand for its iPhone and iPads as competition intensifies. A surprise warning about disappointing revenue at Cirrus Logic, which makes...

16.01 | 0 komentar | Read More

Retail Sales Drifted As March Snow Fell

The coldest March since 1962 stopped shoppers hunting down spring ranges, resulting in a 0.7% fall in overall retail sales. The Office for National Statistics (ONS) figures said that left sales 0.5% lower on the year. Despite the early Easter holiday,...

16.01 | 0 komentar | Read More

Npower: Energy Firm Denies Tax Avoidance

Npower has admitted it has not paid corporation tax in the UK for three years - just months after increasing prices by around 9%. The company made the admission to the Energy and Climate Change select committee - but its boss said they had invested...

16.01 | 0 komentar | Read More

Tesco Confirms US Exit And Profit Fall

Tesco has confirmed its first fall in annual profits for 20 years and writedowns totalling more than £2.5bn. The retailer confirmed the closure of its loss-making Fresh & Easy business in the United States, with a resulting £1.2bn writedown a major...

16.01 | 0 komentar | Read More

Jobless Total Up As Income Squeeze Tightens

The unemployment total has risen for the second month in a row while average pay increases were found to be at their weakest on record. The Office for National Statistics (ONS) said the number of people without work rose 70,000 in the three months to...

16.01 | 0 komentar | Read More

New EasyJet Chair: Next's Chairman In Frame

By Mark Kleinman, City Editor John Barton, the chairman of fashion retailer Next, has emerged as a leading candidate to chair easyJet, the FTSE-100 low-cost airline. I understand that Mr Barton is on a shortlist of contenders vying to replace Sir...

16.01 | 0 komentar | Read More

Boston Blasts Knock Stock Market Values

The apparent terrorist attack on the Boston Marathon has intensified the recent 'run for cover' on world stock markets. There had already been a rush to dump gold before the blasts while oil took a fresh tumble amid an earlier world sell-off on fears...

16.01 | 0 komentar | Read More

Inflation Sees Off Threat From Car Insurance

The headline measure of inflation remained steady in March as a reduction in the pace of rising fuel costs offset a sharp increase in car insurance. The Office for National Statistics (ONS) said the Consumer Prices Index (CPI) stayed at an annual rate...

16.01 | 0 komentar | Read More

Floods: UK Insurers Avoid Covering Risky Homes

By Becky Johnson, North of England Correspondent People whose homes have been devasted by flooding fear they will be unable to get insurance in future as talks between the Government and insurers have so far failed to reach an agreement. At present...

16.01 | 0 komentar | Read More

Exclusive: CVC Mulls £750m Gamble On Betfair

By Mark Kleinman, City Editor The private equity group behind Formula One motor racing is mulling a takeover approach for Betfair, the online betting exchange which floated on the London market three years ago. I have learned that CVC Capital Partners,...

16.01 | 0 komentar | Read More

Banks Slammed Over Account Complaints Handling

A fifth of complaints about current accounts at banks and building societies are not being resolved to the customer's satisfaction, a survey says. Consumer group Which found that 26% of customers, equating to 12 million people across the country, have...

16.01 | 0 komentar | Read More