Category: News Wire

Barclays chief executive Bob Diamond has attacked the Government for causing the bank “unnecessary damage” in its handling of a multi-million pound tax row.

Britain’s biggest business group has called on the government to underwrite a larger number of infrastructure projects in order to encourage the private sector to shoulder the bulk of the cost of updating the nation’s creaking road, rail and air networks.

The insurance market Lloyd’s of London is preparing contingency plans for the possibility of the euro collapsing, its chief executive has said.

An £82m loan scheme for young people wanting to create a business is being launched by PM David Cameron.

The country’s beleaguered high street will not recover for another three years and will underperform for the rest of the decade, according to leading economic commentators.

Olympic authorities are facing a legal challenge unless they withdraw “unlawful” and “devastating” plans for road closures and restrictions which small companies claim could put them out of business.

Facebook, its founder Mark Zuckerberg and the banks leading its flotation are being sued by disgruntled shareholders.

The Government has published plans to open an institute led by web creator Sir Tim Berners-Lee to help entrepreneurs build companies using the growing volume of freely available public statistics on everything from the weather to transport and crime.

Two top U.S. financial regulators said on Tuesday the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its lead underwriter, Morgan Stanley, and the Nasdaq stock exchange.

Business leaders are set to welcome radical new plans to overhaul employment rights which the Government hopes will make it easier to hire new workers and spark a boost to employment and growth.

A growing number of people are failing to save anything for their retirement, according to a survey.

Investors are bracing for Facebook’s Wall Street debut on Friday after the world’s No.1 online social network raised about $16 billion (10 billion pounds) in one of the biggest initial public offerings in U.S. history.

European stock markets had a shaky start on Friday as concern continued over Greece and Spain.

Banks are “unlawfully” changing loan terms and refusing to negotiate with small businesses, a law firm has claimed.

Neil Carberry, CBI commented on a Public Accounts Committee report on adult apprenticeships.