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Updated: 1 year 49 weeks ago

Barclays expects 'deep' UK recession

Thu, 04/23/2009 - 12:06
The UK recession will be "deep and prolonged", the chief executive of Barclays is to tell its shareholders.

Bank group Lloyds axes 985 staff

Thu, 04/23/2009 - 11:16
Lloyds Banking Group is to cut almost 1,000 staff over the next two years, as it winds up a car finance business.

German economy 'to shrink by 6%'

Thu, 04/23/2009 - 10:41
The German economy will shrink by 6% this year according to a forecast from the country's leading economic think tanks.

UPS sees profits slump by a half

Thu, 04/23/2009 - 10:18
United Parcel Service (UPS) announces a drop in profits for the first three months of this year of more than 50%.

Major carmakers see sales slump

Thu, 04/23/2009 - 10:03
Fiat announces its first quarterly loss for four years, with Hyundai and Toyota also suffering falling demand.

Borrowers flock to Northern Rock

Thu, 04/23/2009 - 07:57
The nationalised Northern Rock bank has reported an upsurge in potential mortgage customers.

Food aid

Thu, 04/23/2009 - 07:50
Feeding the poor in the world's wealthiest country

Grade to step down as ITV chief

Thu, 04/23/2009 - 07:21
Michael Grade is to step down as chief executive of ITV by the end of 2009 but will become non-executive chairman.

TNT loses Royal Mail VAT action

Thu, 04/23/2009 - 06:57
TNT Post loses legal action at the European Court of Justice to remove the UK Royal Mail's VAT-free status.

Debenhams sees profits rise 10.7%

Thu, 04/23/2009 - 05:48
Debenhams sees a rise in half-yearly profits, helped by good sales in its own ranges, including Designers at Debenhams.

New grab for hidden offshore cash

Thu, 04/23/2009 - 05:40
A campaign to squeeze tens of millions of pounds in unpaid tax from people with offshore bank accounts is launched.

Credit Suisse returns to profit

Thu, 04/23/2009 - 05:23
Credit Suisse returns to profit for the January to March period, following a recovery by its investment banking division.

Kirin eyes Australian brewery bid

Thu, 04/23/2009 - 04:05
Japanese brewer Kirin says it is interested in taking full control of Australian beer and wine group Lion Nathan.

Ebay suffers further profits fall

Wed, 04/22/2009 - 19:22
Profits and sales at online auction giant eBay fall for the second quarter in a row as it continues to be affected by the downturn.

iPhone helps Apple profit growth

Wed, 04/22/2009 - 18:26
Apple shrugs off the economic downturn to report a 15% jump in profits for the first three months of the year.

Crisis 'to hit poor nations hard'

Wed, 04/22/2009 - 14:43
The economic crisis means developing countries will 'inevitably' struggle, the World Bank warns.

US acknowledges downturn faults

Wed, 04/22/2009 - 14:01
The US carries a 'substantial' share of the blame for the economic crisis, says Treasury Secretary Timothy Geithner.

'Deeper' recession ahead says IMF

Wed, 04/22/2009 - 13:35
The global economy will decline by 1.3% this year, the biggest fall since World War II, says the International Monetary Fund.

Pound hit as debt burden to soar

Wed, 04/22/2009 - 13:04
The pound falls against the dollar and the euro after Chancellor Alistair Darling forecasts a massive increase in public debt.

Motoring ahead?

Wed, 04/22/2009 - 11:29
Mixed reaction to UK's £2,000 car trade-in scheme

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