Latest breaking business news UK, financial business

Home News Breaking News

Lorry firm Eddie Stobart bucks trend

CHESHIRE transport company Stobart yesterday said it was trading in line with expectations, despite the economic slowdown and rising fuel prices. Read

Bright retail figures fail to lift FTSE gloom

A rare dose of good news from the high street failed to cheer investors today as more housing market woes dragged the London market into the red. Read

Ryanair launches four new routes from JLA

Ryanair today announced four new routes from Liverpool John Lennon Airport (JLA) at the end of October. Read

Lime Street-Birmingham rail firm prompts transport shares rally

Shares in transport companies jumped ahead today amid signs higher petrol prices have prompted more commuters to take buses and trains. Read

Land of Leather lines up rescue plan £15m share issue

Struggling sofa retailer Land of Leather - with four stores in the Merseyside area - said a £15 million share issue unveiled today was needed to keep the business from going under. Read

HBOS reveals £1billion in writedowns

Halifax Bank of Scotland spread more gloom in the banking sector today as it revealed £1 billion in write-downs and warned that house prices could now fall 9% this year. Read

Shock rise in retail spending reported

The prospect of an interest rate hike loomed today after retail sales rose by an “astounding” 3.5% last month - the biggest since records began more than 20 years ago. Read

HBOS downgrades forecast for property prices

Economists have dramatically downgraded their forecasts for house prices this year as the credit crunch tightens its stranglehold on the mortgage market. Read

Retail gloom hits the FTSE

London’s leading share index fell nearly 2% into the red today after a flurry of bad retail news and deepening gloom for housebuilders frayed nerves. Read

Property market will slump for three years, say experts

Predictions of a three-year slump in the property market dealt a fresh blow to shares in the UK’s major housebuilders today. Read

LinkedIn gets £27million cash injection

An internet networking site aimed at professionals today said a £27 million cash injection from investors would help its expansion in Europe. Read

Woolworths boss departs suddenly

Woolworths caused a surprise today by ending chief executive Trevor Bish-Jones’ six-year run in one of the high street’s toughest jobs. Read

H&M reports increase in sales

Fashion retail group H&M enjoyed a 14% rise in like-for-like sales last month as warmer weather tempted in more shoppers for its summer ranges. Read

Network Rail managers and supervisors to stage one day walkout

More than 100 Network Rail managers and supervisors at some of the UK’s biggest stations are to stage a one-day strike in a long-running row over pay and conditions. Read

Woolworths says chief executive to leave as sales fall

Retailer Woolworths is today revealing the departure of its chief executive and says high street sales fell 2.2% in the first 19 weeks of its financial year. Read

Deal struck to prevent next round of fuel strikes

A deal to resolve the bitter fuel drivers’ pay dispute was agreed tonight, averting the threat of further strikes. Read

Woolworths reports fall in high street sales

Retailer Woolworths today revealed the departure of its chief executive and said high street sales fell 2.2% in the first 19 weeks of its financial year. Read