Category: News Wire

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.

Delaying the austerity programme by three years would put 200,000 people back into work and raise economic growth by £239bn over a decade, according to one of the UK’s leading think tanks.

Royal Bank of Scotland has made a loss of £1.5bn in the first six months of 2012 as chief Stephen Hester warned of a “grim period” for the industry.

Schemes must work harder to quantify immediate impact when trying to engage under 30s.

Vince Cable fails to win support for plan which would bolster lending to small businesses

The manufacturing sector shrank at its fastest rate in more than three years in July, a survey of purchasing managers showed on Wednesday, dealing a blow to hopes that the country was about to come out of recession.

The attention of world markets will be firmly fixed on the European Central Bank on Thursday, as it announces its monthly policy decision.

Facebook Inc’s shares slid 6.2 percent to another record low on Tuesday, diving for the third straight day since lackluster results showed decelerating user growth and revived doubts about its ability to sustain its rich valuation.

The Coalition’s flagship “credit easing” initiative could be usurped by a new £80bn emergency scheme aimed at kick-starting bank lending to homes and businesses, a Treasury source disclosed

The foreign founders of Adfonic say the UK has the right approach for new businesses.

Bankers found to have rigged Libor could face jail after the Serious Fraud Office said it will look to bring criminal charges against those who attempted to manipulate Libor, a key global borrowing rate.

Clinton Cards and Game among the victims as retail industry bucks the trend for fewer corporate insolvencies

Bank of England policymakers are likely to hold off on a further stimulus injection on Thursday, despite figures that are expected to show the economy was still flatlining into the third quarter.

It expects the British economy to pick up in the second half of this year, despite a slip into recession earlier in 2012.