BANKS' TIME FOR REMORSE IS NOT OVER, SAYS MARK CARNEY
Banks must do more to regain public trust, including more
radical reform to the way they run their businesses, according
to Mark Carney, the incoming Governor of the Bank of England.
STERLING HITS TWO-YEAR LOW AFTER MOODY'S UK DOWNGRADE
The pound fell to a two-and-a-half-year low on Monday as
traders ditched the currency at the first opportunity after the
UK's credit rating was downgraded.
BP CREATED A 'WELL FROM HELL' IN GULF OF MEXICO
BP helped create a "well from hell" in the Gulf of
Mexico because of its headlong pursuit of profit over safety, a
court was told on Monday.
PRIMARK OWNER CONFIDENT BRITISH HIGH STREET WILL
'REGENERATE' AS IT SEES 23 PCT SALES GROWTH
The death of the high street has been greatly exaggerated,
according to Primark's owner Associated British Foods,
as it reported surging sales of its budget fashion ranges.
BT UPS ANTE AGAINST BSKYB WITH ESPN DEAL
Telecoms giant BT has bought a slew of American, UK
and Irish sports channels from broadcaster ESPN, handing it a
new battery of weapons in its escalating war with rival BSkyB.
PEARSON BOSS WIELDS AXE ON PRINT JOBS
The new boss of Pearson has launched an "urgent"
restructure of the media and education group, which will see it
divert investment away from print media and old-fashioned text
books and plough it into emerging economies, digital products
and educational services instead.
ED BALLS TAUNTS GEORGE OSBORNE OVER CREDIT RATING
Ed Balls branded George Osborne the "downgraded chancellor"
and warned that the Treasury remained in "complete denial" about
the failing economy after Moody's stripped Britain of its triple
A credit rating on Friday.
YAHOO CHIEF BANS WORKING FROM HOME
Surfing the web from at home might be just what Yahoo! Inc's
chief Marissa Mayer wants her audience to do - but she
has banned employees of the company itself from working
"remotely", in an edict sent out last Friday to Yahoo's
thousands of staff.
TESCO CUTS 2,000 DISTRIBUTION CENTRE JOBS
Up to 2,000 jobs are under threat at Tesco
distribution centres as the supermarket shuts down sites across
RECKITT BENCKISER FACES INQUIRY OVER MOVE TO BLOCK HEROIN
Reckitt Benckiser has been referred to competition
authorities in the U.S. over its controversial attempts to
pressure medicine regulators into blocking the introduction of
cheap, generic versions of its lucrative heroin substitute drug.
MPs BLAME WEST COAST MAINLINE FIASCO ON 'COMPLETE LACK OF
Contracts for high speed rail and Thameslink risk being
bungled unless the Department for Transport quickly learns the
lessons from the west coast franchising fiasco, a Commons public
accounts committee report said.
DOWNGRADE VINDICATES MY STRATEGY, CHANCELLOR SAYS
George Osborne presented the loss of Britain's AAA rating as
a vindication of his economic strategy yesterday as he used the
downgrade to take a swipe at Cabinet colleagues resisting cuts
and to fend off Tory demands for "proper" reductions in tax and
BP ACCUSED OF PUTTING PROFIT FIRST IN GULF CASE
Senior executives were accused of promoting a culture of
"profits over safety" by prosecutors yesterday as BP
stood trial for the Deepwater Horizon disaster three years ago.
OFCOM CLIPS BT's WINGS AS IT PROPOSES TOUGH REGULATIONS FOR
The telecoms giant BT faces having to cut prices for
high-speed data services in the 2 billion pounds-a-year
wholesale "leased lines" market under new rules from the
BLACK CAB MAKER TO TAKE ON 100 STAFF AND RESTART OUTPUT
UNDER NEW CHINESE OWNER
The maker of London's black cabs, which was rescued from
administration by the Chinese car company Geely, is to double
its workforce as it aims to restart production of the taxis in a
matter of months.