Category: News Wire

Shopkeepers have teamed up to tackle the high street’s woes with the UK’s first ecommerce website which solely sells the wares of independent stores.

Entrepreneurs may need to go abroad to achieve an exit, experts are advising – which will have implications for how long deals take to secure and what happens after they have shaken hands with a buyer.

Data showed there was a smaller slump in construction activity in the second quarter of the year, signalling Britain’s economy may have shrunk less than previously estimated.

New figures are fanning concerns that the eurozone debt crisis is driving its powerhouse economies, France and Germany, into recession.

Former Prime Minister Tony Blair has said he is “deeply worried” that Britain will leave the European Union via a referendum.

Rupert Murdoch’s News Corporation swung to a $1.6bn (£1bn) loss in the fourth quarter, after it wrote off more than $3bn at its beleaguered publishing business.

Sir Mervyn King has urged “patience” on economic recovery as the Bank of England cut its growth forecasts and warned the crisis has a long way to go yet.

The Bank Of England is expected to cut growth forecasts close to zero from the 0.8 per cent predicted in May as the double-dip recession intensifies.

British retail sales growth slowed in July as a sunny spell towards the end of the month failed to make up for weeks of rain which depressed sales of summer clothes and other seasonal products, the British Retail Consortium said on Tuesday.

A graduate has lost her legal challenge to a government scheme which she says forces people to work without pay.

Unscrupulous company directors are escaping justice because of a shortage of resources at the Government’s Insolvency Service, experts have warned.

Business groups including the CBI, British Chambers of Commerce and British Venture Capital Association have joined forces to encourage their members to make a commitment to pay small suppliers on time.

Expectations of a big boost are downgraded as the feelgood factor fails to bring in the hard cash

Barclays has failed in an attempt to delay a legal claim over allegations it mis-sold an interest rate swap to a care home operator.