Author: By Kelly Macnamara, Press Association
Borders, which has around 45 Borders and Books Etc stores across the UK, was
revealed to have lodged a notice of intent to appoint administrators on
Monday following the reported collapse of takeover negotiations.
Read more on Future of Borders book stores in balance…
Author: By Kelly Macnamara, Press Association
The firm, which also owns Waitrose supermarkets, posted a 9.7 per cent rise in
profits before tax and bonuses of £306.6 million for the year to January 30.
Author: By Kelly Macnamara, PA
The bank reported a pre-tax shortfall of £257.5 million for the 12 months to
December 31, compared with a £1.36 billion loss in 2008.
Northern Rock, which completed its restructure into “good” and “bad” banks at
the turn of the year, said the bonus payment came after staff met agreed
objectives over the year.
Read more on £15m bonus payout as Northern Rock cuts losses…
Author: By Kelly Macnamara, PA
The US food giant has attracted strong criticism for changing its mind over
keeping open a Cadbury factory near Bath, which is now set to close with the
loss of hundreds of jobs.
Author: By Kelly Macnamara, PA
The bank, which is 84% taxpayer owned, said the attributable deficit compared
with a record £24.3 billion shortfall in 2008.
RBS has faced criticism for its controversial £1.3 billion reward plans for
investment bankers and today said its remuneration pot would result in it
paying a £208 million bonus tax to the Government.
Author: By Kelly Macnamara, PA
The payout is thought to have been given the green light by UK Financial
Investments (Ukfi), the body set up to manage the Government’s stakes in
banks.
Read more on RBS to pay £1.3 billion in bonuses despite losses…
Author: By Kelly Macnamara, Press Association
Net borrowing was £4.3 billion in a month that usually sees a seasonal surplus
thanks to income and corporation tax, according to the Office for National
Statistics (ONS).
Author: By Kelly Macnamara and Holly Williams, Press Association
Mr King has to write a letter to the Chancellor in the event that inflation is
more than 1 per cent above the Bank’s 2 per cent target.
Read more on Inflation rise just ‘temporary’ says Bank governor…
Author: By Kelly Macnamara, Press Association
The US firm said it was “unrealistic” to reverse Cadbury’s plans to
shut the site at Somerdale near Bristol and announced that the factory would
shut by 2011.
Read more on Kraft reverses pledge to keep Cadbury factory open…
Author: By Holly Williams and Kelly Macnamara, Press Association
The Footsie dropped nearly 100 points at one stage, with other European
markets deep in the red, amid concerns over the health of debt-laden
countries such as Greece, Portugal and Spain.
