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House repossessions on the rise

19.32 Fri Nov 21 2008

The number of homes repossessed shot up by 11,300 in the last three months, figures show.

The Council of Mortgage Lenders statistics were released as a survey found that more than a fifth of homes are being put up for sale because owners cannot meet their repayments.

FTSE closes at 3781

FTSE traders
17.45 Fri Nov 21 2008
The FTSE 100 Index has ended a turbulent week down 94 points to a five-year low of at 3781.

Retailers launch pre-Christmas promotions

M&S slashes prices by 20% to tempt shoppers
23.04 Thu Nov 20 2008
Major retailers are slashing prices in a pre-Christmas bid to breathe life into the ailing high street by tempting in shoppers.

Meat inspectors announce strike

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15.55 Fri Nov 21 2008
Meat hygiene inspectors have voted to strike in a row over work patterns and overtime in the lead-up to Christmas.

Honda to halt UK operations

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23.58 Fri Nov 21 2008
Car manufacturer Honda is stopping production at its UK plant for two months because of the "dramatic change" in the global market.

Chairman 'profoundly sorry' for RBS woes

RBS
18.12 Thu Nov 20 2008
The Royal Bank of Scotland's boss has said he is "profoundly sorry" for its financial crisis as a £20 billion bail-out plan was backed.

Retail sales figures remain bouyant

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12.48 Thu Nov 20 2008
Official sales figures from the UK high street have continued to defy expectations according to the Office for National Statistics.
Rolls-Royce to cut 2,000 jobs
23.12 Thu Nov 20 2008
Rolls-Royce is cutting 2,000 jobs worldwide, including 140 in the UK, after reviewing the impact of the current economic "uncertainties".
Lloyds TSB shareholders back HBOS merger
14.37 Wed Nov 19 2008
Lloyds TSB shareholders have voted to back the bank's proposed takeover of ailing rival Halifax Bank of Scotland (HBOS).
More job losses announced
23.05 Thu Nov 20 2008
Top UK firms have joined the growing list of companies cutting jobs around the country.
Asda slashes petrol prices
12.24 Wed Nov 19 2008
Asda has reignited the supermarket fuel price war by lowering its petrol prices to 90.9p per litre.
Air chief urges Heathrow expansion
11.37 Wed Nov 19 2008
The UK economy will be held back for 30 years if plans to expand Heathrow airport are quashed, the head of British Airways has warned.
US car firms in $25bn bail-out plea
09.54 Wed Nov 19 2008
US motor firm bosses are appealing for a $25 billion bail-out to prevent the collapse of their industry.
Wolseley to shed 2,000 jobs
08.53 Tue Nov 18 2008
Builders' merchant Wolseley is cutting 2,000 jobs and closing more than 200 branches across the UK and Ireland.
CBI warns over 'deep recession'
23.36 Mon Nov 17 2008
The recession will be "deeper and longer" than previously thought, the CBI business group has said.
Citgroup to shed 74,000 jobs
16.23 Mon Nov 17 2008
Citigroup is to shed 52,000 jobs - in addition to 22,000 announced previously - with heavy losses expected in London and New York.
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