Latest GDP Drop Puts Pressure On Osborne

A lot of people suspected the news would not be good. It turns out it was even worse than expected. Britain's economy is shrinking once again - and far deeper into negative territory than was anticipated. That 0.3% decline in the fourth quarter of...

12.06 | 0 komentar | Read More

UK GDP Falls By 0.3% In Last Quarter

How GDP Is Compiled Really Matters Updated: 10:21am UK, Tuesday 27 November 2012 By Ed Conway, Economics Editor I've covered economics for a decade or so, but I confess that until very recently I didn't really know what GDP really is. I mean,...

12.06 | 0 komentar | Read More

Nokia Returns To Profit But Phone Sales Fall

Struggling phone maker Nokia has reported a profit for the last quarter of 2012, compared to a £633m loss a year earlier. The Finnish firm said its fourth quarter profit was 202m euros (£170m), but revenue fell 20% as it failed to make gains in the...

12.06 | 0 komentar | Read More

Microsoft Reveals Year-On-Year Profit Dip

Windows 8 has helped Microsoft to post record revenues in the past quarter, but its profits are down slightly from the same period a year ago. Profits dipped 3.7% from 12 months ago to $6.38bn (£4.04bn), which was better than many had forecast. Revenues...

12.06 | 0 komentar | Read More

Iceland's Leader Slams Gordon Brown Over Crisis

By Ed Conway, Economics Editor, in Davos The President of Iceland has launched an extraordinary verbal attack on Gordon Brown on the fringes of the World Economic Forum in Davos. Olafur Ragnar Grimsson, the country's longest-serving president,...

12.06 | 0 komentar | Read More

Apple Reports Quarterly Revenue Of $54.5bn

Apple sold 47.8 million iPhones in the last quarter of 2012 and its revenues rose to $54.5bn (£34.4bn) - but the numbers fell short of its targets. Revenue for the first fiscal quarter of 2013 - the key Christmas shopping period from October 1 to December...

12.06 | 0 komentar | Read More

Barclays Wields Jobs Axe At UK Investment Bank

By Mark Kleinman, City Editor London-based employees at Barclays' investment banking arm have been put on notice that their jobs are at risk as the bank launched a process to slash a "substantial" number of roles. I understand that staff were emailed...

12.06 | 0 komentar | Read More

Rolls-Royce Job Cuts: Union Says 400 Face Axe

Aerospace firm Rolls-Royce has confirmed it is in consultation over job cuts at one of its plants, after a union said nearly 400 workers are at risk. Rolls-Royce sent an internal memo to its staff to detail its proposals, according to the Unite union....

12.06 | 0 komentar | Read More

Old Fashioned Con Artistry Makes A Comeback

Traditional con artistry is making a comeback with cheque and procurement fraud as well as Ponzi scams on the rise. While the spotlight has been on rogue traders and 'super' fraud cases in recent years, KPMG has found a surge in the number of individuals...

12.06 | 0 komentar | Read More

Defence Cuts: 5,000 Soldiers Set To Be Axed

By Alistair Bunkall, Defence Correspondent Around 5,000 soldiers will be made redundant in the latest round of job cuts, the Government will announce today. The Army will bear the heaviest burden in this third tranche of redundancies, the Navy...

12.06 | 0 komentar | Read More

Banks Face New £1bn PPI Mis-Selling Bill

By Mark Kleinman, City Editor Britain's biggest banks are poised to add hundreds of millions of pounds more to their collective bill for mis-selling Payment Protection Insurance (PPI) in the coming weeks even as they accelerate efforts to persuade...

12.06 | 0 komentar | Read More

Prince Charles In British Industry Warning

Prince Charles is to warn that Britain is in danger of losing its reputation as the "standard bearer of quality manufacturing and engineering" if more young people are not attracted into the industries. The Prince of Wales will deliver his speech during...

12.06 | 0 komentar | Read More

Investment Bank Chief To Quit RBS In Shake-Up

By Mark Kleinman, City Editor Royal Bank of Scotland (RBS) is to embark on a further restructuring of its investment banking arm in a move that will pave the way for the departure of the unit's chief executive. I have learned that RBS executives...

12.06 | 0 komentar | Read More

Blockbuster Shuts 129 Shops And Slashes Staff

The collapsed DVD and games rental firm Blockbuster is to close 129 of its 528 shops and axe 760 workers in the coming weeks. Some 31 branches have already been put on notice of closure, according to the company's administrators Deloitte. The move...

12.06 | 0 komentar | Read More