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Rosebys closes 31 more stores, including Liverpool

Administrators for home furnishing chain Rosebys today announced the closure of another 31 stores with the loss of 186 jobs. Read

FTSE down 10 per cent in early trading

Panic spread across world markets today as the FTSE 100 Index crashed 10% on fears of a global recession. Read

Tesco cuts petrol by 3p a litre as oil price falls

Supermarket giant Tesco says it is cutting the cost of petrol by 3p a litre today as oil prices fall to their lowest level for a year. Read

John Lewis sales recover thasnks to winter clothing

Shoppers racing to snap up warmer clothing as the autumnal weather set in gave a much-needed boost to trade last week, the John Lewis Partnership saystoday. Read

Global markets take a beating amid recession fears

The crisis facing world stock markets deepened today after global recession fears sparked more heavy losses in Asia and on Wall Street. Read

Cold weather gives John Lewis sales a lift

Shoppers racing to snap up warmer clothing as the autumnal weather set in gave a much-needed boost to trade last week, the John Lewis Partnership said today. Read

Norwich Union owner leads rally in sector

Insurance giant Aviva led a rally in the sector today after it moved to reassure over its capital strength amid the stock market turmoil. Read

Greggs hit by poor summer sales

Bakery chain Greggs today blamed weather-hit sales and rising costs for its decision to cut £3 million from full-year profit forecasts. Read

FTSE takes a late lurch into the red

The London market took a late dive into the red today as opening nerves on Wall Street undermined blue-chip stocks. Read

Aviva capital statement boosts insurance stocks

Insurance giant Aviva is leading a stock market rally in the sector today after moving to reassure over its capital strength amid the financial turmoil. Read

Icelandic government seizes control of country’s largest bank

The Icelandic government has taken control of the country’s largest bank, Kaupthing, today as it struggles to prevent a collapse in its entire banking system. Read

House prices plummet by 13% over the past year

House prices have dived by more than 13% during the past year, wiping nearly £26,500 off the value of the average home, Britain’s biggest mortgage lender says today. Read

Bakery chain Greggs cuts profits forecasts by £3m

Bakery chain Greggs is today blaming weather-hit sales and rising costs for its decision to cut £3m from full-year profit forecasts. Read

Business pic. Picture: Peter Byrne/PA Wire/PA Photos

£50bn rescue plan for banks is confirmed

Chancellor Alistair Darling today announced a £50 billion emergency rescue plan for stricken UK banks. Read

Banks respond to rate cut

THE Woolwich has joined Lloyds TSB and Halifax in passing on today’s unexpected cut in interest rates to mortgage customers in full. Read

Interest rates cut by 0.5% in emergency move

THE Bank of England was one of six major central banks to cut interest rates by 0.5% in a co-ordinated move that attempts to stem market chaos today. Read

Private sector slowdown affects Speedy Hire

TOOL hire giant Speedy Hire says it has seen a "significant decline" in revenues from smaller customers as the construction slowdown continues. Read

World markets continue to fall

11.30 am - EUROPEAN markets all fell in early trading amid continuing fears about the state of credit markets, despite Britain's £50 billion rescue package for the banking system. Read

CBI welcomes bank bail-out

THE Confederation of British Industry (CBI) has welcomed the banking measures announced by the government this morning but believes it must be followed by a half-point cut in interest rates. Read

Sainsburys shares tumble

Sainsbury’s saw its shares tumble today after analysts worried that strong trading figures from the supermarket chain will be as “good as it gets”. Read

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