UBS Cuts Thousands Of UK Jobs Amid Restructuring

UBS has confirmed that it is cutting 10,000 jobs as it looks to drastically shrink its ailing investment bank, which has a large presence in London. Switzerland's biggest bank announced the plans as part of its third-quarter results, which revealed...

00.11 | 0 komentar | Read More

Nuclear Power: Hitachi Buys Newbuild Project

Britain's nuclear expansion plans have been boosted after Japan's Hitachi signed a £700m deal that will enable the UK to start building the next generation of power plants. The engineering giant is buying Horizon Nuclear Power, which has the rights...

00.11 | 0 komentar | Read More

Heseltine Reveals Radical Plan For Growth

By Joey Jones, Deputy Political Editor Former Cabinet minister Lord Heseltine has published a sweeping report aimed at stimulating growth, which is littered with criticism of Government inertia and delay. The report, entitled No Stone Unturned,...

00.11 | 0 komentar | Read More

Barclays Reports Loss After PPI Charges

Barclays has reported a pre-tax quarterly loss of £47m - compared with a £2.4bn profit over the same period last year. The statutory loss in the three months to September was driven by increasing costs relating to the mis-selling of payment protection...

00.11 | 0 komentar | Read More

Star Wars Given New Hope In £2.5bn Disney Deal

Disney has agreed a deal to buy Lucasfilm from its founder George Lucas and says it will make a new series of Star Wars movies. The US entertainment giant, which already owns brands such as Pixar, Marvel, ESPN and ABC, announced it is paying $4.05bn...

00.11 | 0 komentar | Read More

Superstorm Sandy Could Cost The US $45bn

Superstorm Sandy, which ripped through the east coast of the US, could cost around $45bn (£27.9bn), according to the latest estimate. The figure, from professional services firm PwC, allows for a rise in original estimations as the full scale of damage...

00.11 | 0 komentar | Read More

Wall Street Opens Higher After Sandy Shutdown

New York's Dow Jones opened up 0.4% after Hurricane Sandy's arrival on the East Coast forced a two-day market closure. The S&P 500 rose 0.3%, while the Nasdaq fell slightly in early trading. US stock markets were closed on Monday or Tuesday as Sandy...

00.11 | 0 komentar | Read More

GM Slashes Jobs Amid Europe Car Downturn

General Motors has announced European job cuts amid the sales downturn in the foreign car market. The US parent firm of Britain's Vauxhall said it would aim to make $500m (£310m) in fixed-cost savings between 2013 and 2015. It added the company was...

00.11 | 0 komentar | Read More

Aldi Beats Fortnum And Mason In Taste Test

A taste test of Christmas puddings has ranked Fortnum & Mason's 29th out of 32 - and Aldi's second. The discount supermarket's £7.99 Xmas pud was described it as a "real bargain" by Good Housekeeping magazine. But the exclusive London departments...

00.11 | 0 komentar | Read More

4G TV Interference 'For 2.3m Homes'

New 4G mobile phone networks could cause TV interference to some 2.3million households, a senior MP has warned. John Whittingdale, chairman of the influential Culture, Media and Sport Select Committee, says the government needs to act to alert people...

00.11 | 0 komentar | Read More