Business

Downturn Hits Tesco Sales Growth
Downturn Hits Tesco Sales Growth
Tesco has revealed a 2 per cent rise in third-quarter UK sales, its lowest growth since the early 1990s.
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Credit Suisse To Cut 650 Jobs
Credit Suisse To Cut 650 Jobs
Swiss bank Credit Suisse has announced plans to cut 650 jobs in the UK.
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Downturn Claims 2,000 More Jobs
Downturn Claims 2,000 More Jobs
Four high-profile firms have announced up to 2,000 redundancies just weeks before Christmas.
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Mortgage Lending Dives To £459m
Mortgage Lending Dives To £459m
Net mortgage lending dived by nearly 70 per cent during October to just £459 million, the Bank of England has said.
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VAT Reduction Comes Into Force
VAT Reduction Comes Into Force
A 2.5 per cent reduction in VAT which the Government hopes will provide a boost to the ailing UK economy has come in to force.
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Bank 'to Delay Repossessions For Six Months'
Bank 'to Delay Repossessions For Six Months'
Royal Bank of Scotland has announced it will give struggling homeowners at least six months before launching repossession action.
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Dragon Paphitis Eyes Woolworths
Dragon Paphitis Eyes Woolworths
Dragons' Den entrepreneur Theo Paphitis is rumoured to be eyeing collapsed high street chain Woolworths.
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Wilkinson Set To Cut 1,500 Jobs
Wilkinson Set To Cut 1,500 Jobs
Discount retailer Wilkinson may shed up to 1,500 jobs next year if it adopts a new stock supply system, the company has confirmed.
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New Bid To Block HBOS Takeover
New Bid To Block HBOS Takeover
A last-ditch bid to block the planned Lloyds TSB merger with HBOS has been launched.
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Price Cuts Tempt In Customers
Price Cuts Tempt In Customers
Price-cutting promotions and the upcoming VAT reduction are encouraging people back into the shops as retailers report brisk trading.
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Government Takes 57.9% Stake In RBS
Government Takes 57.9% Stake In RBS
The Government is taking a 57.9 per cent stake in Royal Bank of Scotland after investors snubbed a £15 billion share offer.
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