Category: News Wire

Ease with which ‘big guys’ shift profits to offshore havens shows governments need to step up their efforts, thinktank warns

Republic, the youth fashion retailer, is poised to become the latest high street business to collapse into administration, putting as many as 2,000 jobs at risk.

G4S, the firm that failed to provide enough security guards for the London 2012 Olympics, has struck a compensation deal with the Games’ organising committee, Locog.

New chief executive Antony Jenkins pledges cultural change at the bank and confirms its tax avoidance unit is to close down

A member of the European Central Bank’s governing council has warned that any government attempts to push the euro lower could backfire.

HMV’s chief executive has been made redundant by administrators in charge of restructuring the failing music and DVD retailer.

RBS chairman Sir Phillip Hampton says a decision about Hester’s 2013 bonus will be made at the end of the year

The Government risks damaging Britain’s economic recovery unless it lifts immigration restrictions, ditches plans to tighten capital rules and adopts a more Germanic approach to business, some of the UK’s major growth companies say.

Europe’s leaders are poised this morning to cut the European Union’s budget for the first time in its 56 year history following a major victory for David Cameron.

Emergency legislation to liquidate the former Anglo Irish Bank has passed through both houses of the Irish parliament.

Royal Bank of Scotland bankers continued to rig Libor rate until November 2010 – two years after it was bailed out by taxpayer

The Bank of England may need to carry out more money-printing to stimulate the economy despite rising opposition, according to the Organisation for Economic Co-operation and Development.

Britain’s Royal Bank of Scotland is “in limbo” and should have been fully nationalised when it was rescued in the financial crisis, Business Secretary Vince Cable has said.

The chairman of Lloyds Banking Group, Sir Winfried Bischoff, has said that employees’ bonuses this year will be the “lowest undoubtedly of any bank”

António Horta-Osório braces himself over questions about pocketing a £2.5m bonus in addition to seven-figure salary