Exclusive: MetLife To Sell UK Annuities Arm

By Mark Kleinman, City Editor The US financial services giant MetLife is preparing a sale of its UK bulk annuities business in a deal that would generate hundreds of millions of pounds and pave the way for a further shake-up of the market. I understand...

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Pound Plunges As King Loses QE Vote

The pound has plunged against key economies after it was revealed that the Bank of England boss lost a vote for an increase in monetary stimulus. Sterling fell to fresh multi-month lows against the euro and the dollar after minutes from the BoE showed...

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Record Numbers Employed But Incomes Suffer

The latest official unemployment statistics show that while the jobless total is still falling wage growth is too, intensifying the squeeze on living standards. The Office for National Statistics (ONS) found that the number of people in work hit a new...

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Royal Mail Staff 'Will Have To Keep Shares'

By Mark Kleinman, City Editor Tens of thousands of Royal Mail staff could be forced to hold onto shares in the company for months after a potential stock market listing as Government ministers attempt to avoid an instant mass share sale. I have...

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HMV To Close 37 More Stores With 464 Jobs Cut

Is Your Local HMV Being Axed? Updated: 12:15pm UK, Wednesday 20 February 2013 The latest 37 HMV stores identified for closure are: Ashford, Basildon, Bolton, Cheltenham, East Kilbride, Enfield, Folkestone, Glasgow Argyle, Gloucester, Grimsby, Hatfield...

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New 4G Phone Operators Announced By Ofcom

4G Auction Is New Blow To Osborne Updated: 3:49pm UK, Wednesday 20 February 2013 By Ed Conway, Economics Editor If you cast your mind back to the Autumn Statement last December, there was one moment in the Commons debate that stood out: when the...

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Heinz Insider Trades Claims: FBI Investigates

The FBI is examining possible insider trading in Heinz shares ahead of last week's $28bn (£18bn) takeover announcement. A spokeswoman confirmed the move, days after US regulators said they had identified suspicious trades from a Swiss account. Kelly...

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Axminster Carpets To Appoint Administrators

Axminster Carpets is the latest household name that is close to collapse by confirming its intention to appoint administrators. The 250-year old company - based in Axminster in Devon with more than 400 people at its headquarters - blamed difficult trading...

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France's Goodyear Workers 'Too Lazy To Save'

An American tycoon has ruled out the rescue of the Goodyear tyre factory in France because he thinks its workers are "too lazy" to make the business viable. French minister Arnaud Montebourg had hoped Maurice M Taylor Jr, the president of the American...

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4G Auction Is Yet Another Blow For Osborne

If you cast your mind back to the Autumn Statement last December, there was one moment in the Commons debate that stood out: when the Shadow Chancellor tripped over his words in his response. Ed Balls was thrown by George Osborne's announcement that,...

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