Oct
2008
Articles from 6th Oct 2008
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FTSE crashes with worst fall since 1987's Black Monday
Oct 06 2008 | Other UK business news
More than £93 billion was wiped from the value of the UK’s biggest companies as London’s FTSE 100 suffered its biggest fall since Black Monday in 1987. Read
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Aer Lingus to axe 1,500 jobs in cost-cutting exercise
Oct 06 2008 | Other UK business news
Up to 1,500 jobs will be cut and outsourced by Irish airline Aer Lingus as part of a 74 million euro (£57m) cost-saving programme. Read
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Digby Jones predicts worse to come in financial crisis
Oct 06 2008 | Other UK business news
Former Trade Minister, Lord Jones of Birmingham, has blamed the financial crisis on the “hubris and greed” of people in the financial sector, and said the worst was yet to come for the economy. Read
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Interest rates tipped for a cut
Oct 06 2008 | Other UK business news
The Bank of England is widely expected to cut interest rates this week amid fears that the UK economy is heading towards a recession. Read
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Land values plummet in 12-month period
Oct 06 2008 | Other UK business news
The financial difficulties facing commercial and residential developers have been emphasised by a new report detailing the collapse in land values over the past year. Read
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Birmingham Suit Amnesty expected to top 1,000
Oct 06 2008 | Other UK business news
The organisers of this Friday’s second Birmingham Suit Amnesty are confidently hoping to top the 1,000 mark. Read
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Name change as Pizza Hut becomes Pasta Hut
Oct 06 2008 | Other UK business news
Pizza Hut is changing its name in a bid to overhaul the company's image and menu. Read
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British Chambers of Commerce says UK already in recession
Oct 06 2008 | Other UK business news
The UK is already in a recession, with business confidence, profits and turnover now at record lows according to a new report. Read
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Stratford MP calls on banks to be able to raid dormant account
Oct 06 2008 | Other UK business news
Banks should be allowed to raid “dormant accounts” left unclaimed by depositors to provide themselves with more capital during the financial crisis, according to a West Midlands MP. Read
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LSUK in administration after failed buy-out
Oct 06 2008 | Other UK business news
All 600 workers at car parts supplier LSUK were made redundant today after the business was put into administration following a failed takeover. Read
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Businesses fear worst after blow to Coventry Airport plans
Oct 06 2008 | Other UK business news
Business leaders have expressed their dismay after a High Court judge dealt a potentially fatal blow to Coventry Airport’s controversial expansion plans. Read
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ID fraud a major concern at British firms
Oct 06 2008 | Other UK business news
Three-quarters of British employees believe their company is failing to do enough to protect them from ID fraud. Read
