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Eurozone enters recession

The Eurozone has entered recession, official figures confirmed today.

Market update - 17 November

The FTSE 100 was down 80.61 points at 4152.36 while the FTSE 250 fell to 6034.42, down 93.34 points, at 12.20pm.

The end of Woolies?

Ardeshir Naghshineh, the commercial property investor who owns a 10 per cent stake in Woolworths, is thought to be in talks with another entrepreneur to make a joint bid to buy the high-street chain.

ASOS buoyed by further sales rise

Online fashion retailer ASOS today continued to defy the downturn after reporting a doubling in sales and a 68 per cent rise in interim profits.

Two Kerrymen walk into an LA bar … and emerge as tech pioneers

Six years ago, in a bar somewhere in LA, Tony McManus from Ballyduff, Co Kerry was winding down after a long day at the office.

Lenihan calls in bankers as buyers circle

Finance Minister Brian Lenihan has summoned the top brass of the banks covered by the State guarantee to his office this morning, the Irish Independent has learned.

Investment Column: Platinum demand downturn dents Lonmin

Share price:Hold

Gulf investors won't budge on Barclays rescue

Barclays risks derailing its £7bn Middle Eastern fund-raising if it tries to water down the terms of the deal to placate angry City investors. Sources in the Gulf states said yesterday that the Qatar Investment Authority and the Abu Dhabi royal family won't countenance any change to the cash call. Both the QIA and Sheikh Mansour bin Zayed Al Nahyan are said to be extremely happy with the deal as is.

Tata Group cools expansion plans
Indian conglomerate Tata Group says it will cut down on acquisitions because of increasing problems in raising capital.
Market update - 14 November

The FTSE 100 was up 158.12 points at 4327.33 while the FTSE 250 climbed to 6315.66, up 158.81, at 12.22pm.

Biggest fall in inflation for 16 years

Inflation is now dropping at its fastest rate for 16 years thanks to falling fuel prices, official figures showed today.

Consortium told £950m Trillium buyout will be 'over by Christmas'

Land Securities, the FTSE 100 property giant, has told the consortium bidding for its Trillium outsourcing division that it hopes to conclude the £950m deal around Christmas.

Former B&B chief 'massively sorry'for demise of lender

The boss of Bradford & Bingley issued a public apology yesterday as he told a Commons Treasury Select Committee hearing that nationalisation had been the only option after a run on his bank. The former Bradford & Bingley chairman Rod Kent apologised for his management's role in the lender's demise and said the bank's board "accepts it is fully accountable for what happened" and was "massively sorry".

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