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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.

Building supplies firm Wolseley to shed 2,000 jobs

Plumbing and building supplies firm Wolseley today announced plans to cut 2,000 jobs and close more than 200 branches in the UK and Ireland.

EasyJet reports sharp fall in profits

Budget airline easyJet PLC reported a 45 per cent drop in full-year profits today as higher fuel costs offset a strong gain in revenue.

GM workers plead for emergency bailout

A bankruptct filing by General Motors would be the beginning of the end of the US-owned car industry, the president of the United Autoworkers union has predicted.

Cowdery to press ahead with Resolution listing in December

Clive Cowdery will brave one of the worst markets for initial public offerings in history when he goes ahead with the listing of his second Resolution vehicle next month. Mr Cowdery has decided the need to have cash and currency to do deals in coming months has become stronger than hitting the best value for the IPO.

Credit crisis diary: Look at all those beautiful white teeth

Much mirth at SocGen's pre-Christmas drinks at 24, a trendy bar round the back of Carnaby Street. Proudly introducing the French bank's new corporate video, UK md Alain Bataille told revellers how pleased he was that it featured "pictures of our smiling employees". Unfortunately, the TV screens in 24 were still playing the sort of visuals the bar for some reason thinks will relax punters. Cue a platoon of ferocious-looking sharks swimming through the ocean.

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.

Market Report: DSG hits 27-year low on Citi downgrade

DSG International slumped to its lowest level since the early Eighties last night after its house broker Citigroup, reiterating its "sell" rating, slashed its earnings forecasts for the troubled retail group.

National Express to axe 300 jobs

The jobs axe cut into the rail industry today when a leading firm told union leaders it was shedding more than 300 jobs.

David Prosser: Barclays board wins a stay of execution

Outlook It used to be the Midland that claimed to be the listening bank. Now Barclays is laying claim to the slogan, yesterday unveiling a package of concessions it hopes will be sufficient to appease institutional shareholders that have threatened to derail its Middle Eastern fund raising.

140 UK jobs go as Rolls-Royce wields axe

Rolls-Royce plans to cut up to 2,000 jobs worldwide, including 140 in the UK, after reviewing the impact of the current economic "uncertainties", the aerospace giant announced today.

RBS to axe 3,000 jobs as Citi staff braced for more cuts

The jobs cull in the banking industry continued apace yesterday as Royal Bank Scotland prepared to cut 3,000 staff from its investment banking business, National Australia Group announced it is axing 350 at its UK banks Clydesdale and Yorkshire, and Citigroup staff braced themselves for another 10,000 redundancies worldwide.

Economy faces worst year in three decades, says CBI

The British economy is set to suffer its worst year in three decades in 2009, contracting by as much as 1.7 per cent, according to new forecasts from the CBI.

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