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THE high street stayed sluggish last month, contrasting with more upbeat recent data from other parts of the economy, the British Retail Consortium (BRC) revealed yesterday.
ROYAL BANK of Scotland is set to lose £825 million of taxpayers’ money in Greek debts, after major financial institutions holding the stricken eurozone country’s bonds agreed to take part in a debt relief programme. 10 Comments
PUB chain JD Wetherspoon is likely to reveal the effects of pressure from resurgent rivals and tax rises with an update on Friday.
SUPERMARKET giant Morrisons will switch attention on to its fledgling Kiddicare business and pilot corner stores MLocal this week, as consumer pressures rein in profits growth at its main grocery business.
HERE is a simple but troubling question. It is one I put last week in a talk to the Chartered Institute of Bankers in Scotland, which has a direct bearing on prospects for the banks and has wider and more pressing relevance. It is a question now worrying a great many. 1 Comment
Supermarket price wars and the falling cost of petrol last month helped push inflation down further from its peak, official figures revealed today.
OPTIMISM among Scottish businesses has collapsed in the past quarter, sending them to the bottom of the latest UK confidence table. 7 Comments
David Cameron travelled to Paris today for talks with French president Nicolas Sarkozy amid desperate efforts by eurozone leaders to prevent the single currency breaking up. 5 Comments
Bank of England Governor Sir Mervyn King today urged banks to brace themselves for a potential eurozone collapse amid fears that Britain is caught in a second credit crunch. 14 Comments
FORMER chancellor Alistair Darling has said the current economic crisis is now worse than in 2008 when the government had to begin its rescue of RBS, HBOS and Northern Rock. 46 Comments
DAVID Cameron admitted today that reducing Britain’s debts was proving “harder than anyone envisaged”. 3 Comments
THE Bank of England warned today that the eurozone debt crisis is the “single biggest risk” to the UK recovery as it forecast a dramatically increased threat of a double-dip recession next year.
An aggressive supermarket price war helped push down inflation last month amid signs that the rise in the cost of living appears to have passed its peak.
BANKS are being urged to help borrowers who want to invest in environmentally friendly properties.
The ECB faces mounting pressure to begin Quantitative Easing in a bid to prevent a two-speed Europe. Nathalie Thomas examines the consequences...
THE Bank of England resisted further emergency action today despite fears that the economy will go into reverse by the end of the year.
GREECE’S critical power-sharing talks have hit a new hurdle, with political leaders leaving a top-level meeting without deciding on a new prime minister to take over from George Papandreou.
WORLD markets nose-dived as the deepening political and economic crisis in Italy prompted fears that the eurozone may be on the verge of collapse. 1 Comment