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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.

Top UK firms announce hundreds of job cuts

Top UK firms today joined the growing list of companies cutting jobs as hundreds of losses were announced and fears were expressed of further redundancies.

'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.

Murdoch attacks newspaper doomsayers

Rupert Murdoch tore into the "doom and gloomers" predicting the demise of newspapers yesterday, backing the industry to hit new heights this century, but admitted this involved "moving beyond dead trees".

Hamish McRae: Should we keep our powder dry?

We are still in the early stages of the downturn but we can - in a funny way - see more about the policy response to it than we can about its scale and shape.

Obama moves to pick Geithner for Treasury
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Yahoo faces up to life after Jerry

After a turnaround plan that never got off the ground, falling profits and a disastrous reaction to his rejection of Microsoft's advances, Yahoo chief executive and founder Jerry Yang has fallen on his sword after 18 months at the helm.

Investment Column: Bodycote tarnished by auto industry links


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".

Market update - 19 November

The FTSE 100 was down 74.49 points at 4134.06 while the FTSE 250 fell to 5810.13, down 115.85 points, at 12.00 pm.

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.

David Prosser: It's not how big the bonus is, but how you hand it out

Wouldn't it be lovely to characterise the decision by Goldman Sachs executives to give up their bonuses as a triumph for the millions of mere mortals who have been enraged by the staggering awards paid to investment bankers? Would that it were so, but the reality of the Goldman affair is more spin than substance.

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