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Thursday, May 24 2012

UK Business News

Late rally erases steep losses

Late rally erases steep losses

A big final-hour comeback has pulled the Dow Jones industrial average nearly back to where it started.

Thursday, May 24 2012

FTSE in reverse amid EU doubts

FTSE in reverse amid EU doubts

Doubts over the ability of EU leaders to deliver measures to ease the region's debt crisis have triggered a 2.5% slump for London's leading shares index.

Thursday, May 24 2012

HP issues British job cuts warning

HP issues British job cuts warning

Hewlett Packard has warned of cuts in its UK operation in a global purge that will see it axe 27,000 workers.

Thursday, May 24 2012

Co-op to create 3,000 legal jobs

Co-op to create 3,000 legal jobs

The Co-operative Group is to create 3,000 new jobs in the legal sector through a continued expansion in the range of services it offers.

Thursday, May 24 2012

Call to end free bank accounts

Call to end free bank accounts

Banks must be told to stop offering free current accounts if Britain wants to stamp out mis-selling scandals, a senior regulator has said.

Thursday, May 24 2012

Mothercare slumps to £103m loss

Mothercare slumps to £103m loss

The uphill challenge faced by the new boss of Mothercare was underlined as a dismal UK performance dragged the parenting retailer to a £103 million loss.

Thursday, May 24 2012

Facebook flotation faces U.S. probe

Facebook flotation faces U.S. probe

Two US government panels are to investigate Facebook's high-profile stock offering amid claims that the bank handling the flotation may have provided only select clients with a negative assessment of the company.

Thursday, May 24 2012

EU summit fails to inspire markets

EU summit fails to inspire markets

A summit of EU leaders has failed to inspire confidence among investors as European markets suffered further heavy losses amid ongoing fears for the eurozone.

Thursday, May 24 2012

366 jobs axed in Clinton's closures

366 jobs axed in Clinton's closures

Some 366 people will lose their jobs in the next few days in the first wave of store closures at collapsed retailer Clinton Cards, administrators have said.

Thursday, May 24 2012

Nationwide unveils SME lending plan

Nationwide unveils SME lending plan

A new player in the small business lending market is set to emerge after building society Nationwide unveiled plans to build up a range of services in the coming years.

Thursday, May 24 2012

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