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'Mail' hit by advertising downturn

The owner of the Daily Mail newspaper has axed hundreds of jobs and launched a £100m drive to boost revenues, as it becomes the latest publishing group to feel the grip of the financial crisis.

David Prosser: Deflation is scary. So too is a policymaker in a blind panic

Outlook Here's a thought about the terrifying spectre of deflation now looming large if the much bigger than expected fall in inflation seen last month is a taste of things to come. It may not be so terrifying.

Premier Foods pays £5m to delay debt test

Premier Foods is to scrap its interim dividend payment after agreeing to pay its creditors almost £5m in return for a postponement of an examination of whether the company has breached its banking covenants.

Japan the latest economy to fall into recession as exports drop off

Japan became the latest country yesterday to succumb to the disintegrating global markets and fall into recession, its first since the technology bubble burst seven years ago.

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.

David Prosser: We're all still waiting to see those lending promises honoured

Outlook Alistair Darling's promise that in return for handing over taxpayers' cash he would force banks to get back to the levels of lending seen in 2007 always looked something of a pipedream. It still does, despite the Prime Minister insisting yesterday that proposals are in the pipeline to force banks to do more for small businesses, at least.

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.

Is this the end of the mega bonus?

With banks going into the remuneration-setting period for 2009, having a chief executive forgoing their bonus seems to be the new black for this year's Christmas party season. But banks and other City institutions will continue to try paying bonuses to their other staff and management, although they should not expect much next year.

Recessions hits US harder than expected

The cost of living in the US fell by the most in on record and builders started work on fewer homes since at least the 1960s last month, as the recession bites more deeply than expected into the world’s largest economy.

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.

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.

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.

NEWSMAKER-Duke to lead Wal-Mart as it gains clout
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