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Small-cap miners 'devastated' by credit crunch

The toxic combination of falling commodity prices and the global financial crisis is wreaking havoc on small-cap energy companies in the oil, gas and mining sectors.

Lloyds shareholders vote for takeover of rival HBOS

A new UK banking giant came a bit closer to reality yesterday after Lloyds TSB shareholders overwhelmingly voted through the company's takeover of smaller rival HBOS, paving the way for the government-brokered deal to complete by January.

Guidelines for financial journalists

House-building slumps to record low

The number of new homes being built in England has slumped by a third during the past quarter to reach a record low, Government figures showed today.

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.

National Grid profit rises in US
UK utility National Grid reports a 4% rise in half-year profit and gave a positive forecast.
David Prosser: The Chancellor's not-so-subtle HBOS message

Outlook Just as the Chancellor fired a warning shot across Barclays' bows yesterday with his Commons statement, so too were Sir Peter Burt and Sir George Mathewson sent a coded message. Mr Darling said any bank seeking public funding would have to meet some pretty basic criteria – demonstrating they had a sustainable business model, sustainable funding and a credible management team.

David Prosser: Avoid the sharks but don't forget PPI

Outlook:The Independent celebrated a major victory on Thursday, with the announcement from the Competition Commission that it is proposing to ban sales of payment protection insurance by credit providers within the 14 days immediately following the provision of a loan. This newspaper has repeatedly warned of the scandalous abuses in the PPI market, where banks and other lenders have sold borrowers poor quality, overpriced insurance alongside their loans.

AstraZeneca to axe 1,400 jobs as factories close

Anglo-Swedish drugmaker AstraZeneca is to cut 1,400 jobs and close three plants in Europe as part of a programme to improve efficiency, the firm announced today.

It's official: eurozone collapses into its first recession

Europe's economy officially collapsed into recession for the first time since its inception during the third quarter, boosting hopes that the European Central Bank will be forced to cut interest rates again in December.

Protest ahead of HBOS takeover vote

Unions staged a protest today as Lloyds TSB shareholders prepared to vote on the proposed takeover of ailing rival HBOS.

Peugeot to cut more jobs as car crisis continues

PSA Peugeot-Citroen, Europe's second-biggest carmaker, announced a fresh wave of job cuts today as a decline in European car sales is seen continuing into 2009.

Peugeot Citroen cuts 2,700 jobs
French car company Peugeot Citroen announces plans to shed 2,700 jobs because of falling demand in Europe.

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