National Business News from nebusiness, The Journal and Evening Gazette

Jaguar Land Rover confirms job creation plans Sep 19 2011

Car giant Jaguar Land Rover is to invest £355m to build low-emission engines in the UK, creating up to 750 jobs, the company announced today.Read

Lloyds finance boss to go Sep 19 2011

The finance boss who helped steer Lloyds Banking Group through the aftermath of its HBOS acquisition in 2008 announced plans to quit the firm today.Read

Slowdown at Ocado Sep 19 2011

Online grocer Ocado today revealed a slowdown in sales growth and said its efforts to stem a recent decline in customer service standards would hit profits.Read

Sandwich sales lift Uniq Sep 16 2011

M&S food supplier Uniq reported better sandwich sales and reduced losses in desserts today as it gears up for its takeover by food firm Greencore.Read

Rogue trader costs UBS dear Sep 15 2011

Swiss banking group UBS today revealed a rogue trader had cost it an estimated US$2bn (£1.3bn).Read

Sale plunge at Comet owner Sep 15 2011

The owner of electrical goods retailer Comet today revealed a 22% plunge in sales as consumer confidence fell to a "low ebb" across the UK.Read

Screwfix expansion to create 1,200 jobs Sep 15 2011

The owner of DIY chain B&Q said today it planned to create more than 1,200 new jobs through a major expansion of its trade supply arm Screwfix.Read

Profits dip at John Lewis Sep 14 2011

John Lewis posted a sharp drop in profits today after its "never knowingly undersold" promise meant it had to match heavy discounting by rivals.Read

Next boss reassures over prices Sep 14 2011

The boss of high street clothing chain Next today offered reassurance that prices will not rise further in 2012 after a "perfect storm" of surging costs and rising VAT increased price tags this year.Read

M&B fights takeover attempt Sep 13 2011

The owner of All Bar One and Harvester today said it would resist a second attempt by billionaire trader Joe Lewis to buy the pubs chain.Read

Record month for spread betting firm IG Sep 13 2011

Spread betting firm IG Group enjoyed a record month in August as punters flocked to take advantage of huge swings in stock markets and currencies.Read

Banks advised to ring-fence their divisions Sep 12 2011

Britain’s banks should ring-fence their high street and investment divisions as part of a far-reaching reform package which should be put in place by 2019, a Government-appointed commission said today.Read

Recruiter Hays sees profits plunge Sep 01 2011

Recruitment firm Hays has reported a sharp drop in UK profits following a slump in public sector business and a squeeze on City hirings.Read

Tesco pulls out of Japan Aug 31 2011

Supermarket giant Tesco is to sell its stores in Japan after admitting defeat in its eight-year push to become a major player in the country.Read

Aer Lingus reports losses Aug 31 2011

Aer Lingus has reported an operating loss of 27.8m euro (£24.6m) in the first six months of the year.Read

CBI hits out at bank reform plans Aug 30 2011

Darkening clouds over the UK economy mean the Government would be "barking mad" to press ahead with proposals to reform the banking industry, the director general of the CBI business lobby group said today.Read

Profits boost for Bovis Homes Aug 30 2011

Housebuilder Bovis Homes today said profits more than doubled after it benefited from its focus on controlling costs and building more family homes.Read

Difficult summer for Stobart Aug 26 2011

The owner of haulage business Eddie Stobart today reported a difficult summer as erratic customer behaviour impacted its business.Read

'Instant Aga' aims to boost sales Aug 26 2011

The firm behind iconic cast iron Aga cookers today said a new 'instant Aga’ was poised to drive UK sales after a slow first half of the year.Read

Diageo profits rise despite Guinness drop Aug 25 2011

Drinks giant Diageo hailed its performance in emerging markets today after profits rose despite sales of Guinness falling again in Europe.Read

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