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THE 13 per cent hit taken at one stage yesterday by white-collar recruitment firm Michael Page International implies investors believe the stock market rollercoaster has some way to roll.
IT NEVER rains, but it pours. As if the battered retail sector didn't have enough grief, the widespread looting and vandalism scarring London's high streets and threatening to spread farther out in Britain undoubtedly adds to the industry's woes.
FOR investors, it's become all about digging for gold while wearing tin hats. This despite the European Central Bank (ECB) buying Italian and Spanish bonds yesterday to stabilise prices and cut the interest rates those key eurozone countries are paying for their debt.
IN 2008, the UK government saved the banking system melting down by giving guarantees on deposits and recapitalising the infirm players in return for full or part-nationalisation.
THE latest bleak manufacturing data conceivably suggests it may be next spring before the Bank of England feels it can lift interest rates.
A HOUSE of Commons select committee is to probe Heineken's takeover of brewing giant Scottish & Newcastle amid allegations that it broke promises to tens of thousands of pensioners.
ROBERT Wiseman Dairies yesterday warned that the price of milk could be heading up because of rising cost pressures.
FIRST, the Japanese were in for ProStrakan. Now it is the turn of the Americans to run the rule over Axis-Shield. The Scottish biotech sector? Dull, it ain't.
THE weakness of the housing market is clearly not doing any favours to the wider construction industry.
THE London Stock Exchange last night dramatically pulled its C$3.6bn (£1.8bn) takeover bid for TMX, saying the offer was "highly unlikely to achieve the required two-thirds majority approval" at the Canadian exchange's shareholder meeting.
APOCALYPSE avoided. The Greek parliament voted for acceptance of a five-year austerity plan yesterday, the initial vital stage in the debt-crushed country gaining access to a financial lifeline from the European Union and the International Monetary Fund.
IT WAS always a racing certainty that the Bank of England's finest would be criticised by MPs yesterday for their record on inflation forecasting.
NICK Clegg is obviously a man on a mission to escape the shadow of the accusation that he cynically sold a student generation down the tuition fee river for political power.
AS THE public sector wrestles with the patently unthinkable prospect of wage and recruitment freezes and the ending of final salary pensions, the private sector is picking up some of the employment slack.
AS HE donned his dinner suit and made the short journey from Number 11 Downing Street to Mansion House on Wednesday night, George Osborne was feeling confident even though he knew he was about to face an audience whose feelings on the so-called "ring-fencing" of banks varied from cautious welcome to strong scepticism.
THE bleak annual figures from Royal Mail are sobering. They highlight starkly how an institution that has been a key part of the British social and economic fabric since Victorian times is being brought low by the phenomenal upsurge in electronic messaging in society plus rising private competition in traditional mail.
THERE's private business, there's publicly-listed business, and then there's publicly-quoted mining and commodity business based in Switzerland or Kazakhstan. Events at Eurasian Natural Resources Corp (ENRC) and Glencore suggest the latter combination can give new investors the worst of both worlds.
AS CORPORATE rehabilitations go, it is pretty slick. Less than nine months after leaving BP's helm under a cloud following the fallout from the Deepwater Horizon tragedy, Tony Hayward is set to return to head up a London-listed oil company.