Business News
HSBC confirms 500 UK jobs to go
1-Dec
Banking group HSBC confirms it is cutting 500 jobs across the UK, following a review of the business and the current economic conditions.
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RBS offers to delay repossessions
1-Dec
The Royal Bank of Scotland will allow defaulting customers six months' grace before taking any legal action against them.
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US recession 'began last year'
1-Dec
The US recession began in December 2007, according to the National Bureau of Economic Research.
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Crisis fears hit European shares
1-Dec
European shares fall amid increasing concerns over the state of the world's economy, mirroring a similar decline on Wall Street.
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Big-ticket items see cut in VAT
1-Dec
Shoppers are likely to get the benefit of lower VAT rates when buying big-ticket items, BBC research suggests.
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Bank forced into administration
1-Dec
London Scottish Bank goes into administration after the Financial Services Authority steps in to guarantee all retail deposits.
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Third of jobs go at Aston Martin
1-Dec
Luxury car maker Aston Martin announces that 600 full-time and temporary jobs are to go.
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Mortgage approvals still falling
1-Dec
Mortgage approvals drop again in October, official figures show, suggesting that house sales and prices have further to fall.
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