The Times says the European Central Bank (ECB) is under pressure to cut interest rates at its meeti...
The Times says the European Central Bank (ECB) is under pressure to cut interest rates at its meeting today, with the Organisation for Economic Co-operation and Development (OECD) reducing its eurozone growth forecast and predicting borrowing costs will fall in coming months.
The Independent claims Motorola is to announce 7,000 job cuts in the UK, with more than 3,000 jobs going with the closure of its Bathgate factory near Edinburgh.
According to The Daily Telegraph Tony Ball, chief executive of BSkyB, is considering cutting back on special offers he has used to lure customers, in response to a similar move being planned by rival Ondigital. Any change would mark a truce in the digital TV wars, which have seen Sky and ONdigital spend hundreds of millions of pounds on free set-top boxes and cut-price subscriptions and marketing to attract customers. It is a battle which has left Sky the market leader.
According to The Guardian fears of a wave of job cuts in the City were reinforced last night when Merrill Lynch wielded the axe at its 8,000-strong London workforce. Around 100 staff at the bank's stockbroking division are understood to have been shown the door yesterday, adding to the general anxiety that slow, steady job cuts are in store across the City as difficult market conditions begin to bite.
The Financial Times says that Railtrack (RTK - news) is weighing up a plan to split its business into two in order to fend off further Government interference and to shore up the company's flagging share price.
The Financial Times reports that BT (BT/A - news) is hoping to sell off its 58,000 strong van fleet to a leasing operator for £1bn to cut its debt mountain.
After yesterdays news of widespread job losses at Marconi the Lex column in the Financial Times says that the stock should perform in line with its sector or possibly even
Smoking biggest culprit; obesity second
Average earner will gain £840 in 2018
Will also move heritage items
Responding to letter from Treasury Committee chair Nicky Morgan