National Business News from nebusiness, The Journal and Evening Gazette

UK borrowing figures blow Apr 24 2013

BRITAIN’S finances remain under intense pressure after official figures showed borrowing fell only marginally in the last financial year.Read

Strike threat as HSBC set to shed 1,149 staff Apr 24 2013

HSBC announced job cuts impacting on thousands of its staff, over the "changing nature" of the business as well as regulation. Read

'£4.7bn of credit loss for SMEs' Apr 24 2013

SMALL and medium-sized enterprises (SMEs) have lost out on £4.7bn of trade credit in the past three years, a study has revealed.Read

Grand National record for bookmaker William Hill Apr 19 2013

Bookmaker William Hill hailed a successful start to 2013 after enjoying its best ever result at this year’s Grand National.Read

US venture costs Tesco £1.2bn Apr 17 2013

SUPERMARKET giant Tesco has revealed a £1.2 billion hit from its failed foray in America as annual profits more than halved after a difficult year. Read

Ladbrokes forced to scale back expectations for annual profits Apr 15 2013

A POOR Cheltenham festival has left its mark on bookmaker Ladbrokes after it was forced to scale back expectations for annual profits.Read

UK annual retail figures at top of the agenda Apr 15 2013

THE retail sector will dominate the agenda again this week, with annual results from supermarket giant Tesco as well as figures from department store Debenhams and Burberry.Read

Bank of England all-powerful in wake of big overhaul Apr 02 2013

THE Bank of England became one of the most powerful central banks in the world yesterday, as the biggest overhaul of financial regulation since 1997 took place.Read

Hilary Devey replaced by Kelly Hoppen on Dragons' Den TV show Apr 02 2013

FORMER Dragons’ Den star Hilary Devey says she knows nothing about her replacement on the BBC show – except that she likes taupe.Read

Vodafone considers exit from US market - VIDEO Mar 25 2013

MOBILE phone giant Vodafone is reported to be mulling its exit from America in one of the largest corporate transactions of all time.Read

Lloyds Banking Group to reveal 'millionaires club' Mar 25 2013

LLOYDS Banking Group is expected to reveal this week that it paid more than 20 of its staff £1m or more last year.Read

'Seismic shift' in labour market after UK jobs cull Mar 25 2013

THE loss of hundreds of thousands of public sector jobs has led to a seismic shift in the labour market, according to an expert.Read

Record rainfall washes out profits at B&Q Mar 25 2013

B&Q owner Kingfisher will reveal the impact of last year’s record rainfall on the DIY market as annual figures tomorrow are expected to show a hefty fall in profits.Read

George Osborne bank moves 'do not go far enough' Mar 11 2013

THE Chancellor’s attempts to “re-set” Britain’s banking system still do not go far enough, a panel set up following the industry’s Libor-fixing scandal said today.Read

Pay freeze at Virgin Atlantic Mar 11 2013

VIRGIN Atlantic is to freeze pay rises for its staff this year after soaring fuel costs drove the transatlantic carrier to more big losses.Read

John Lewis staff to get bonuses of 15% Mar 07 2013

STAFF at John Lewis and Waitrose are set for bonuses worth 15% of their salaries today as the retail chain marks a return to profits growth.Read

British Airways boss misses out on bonus Mar 07 2013

BRITISH Airways supremo Willie Walsh has paid the price for turmoil at loss-making Spanish airline Iberia after it emerged he missed out on a bonus for 2012.Read