CITY DESK

More bad news for the UK's ailing housing market as the leading UK mortgage lender HBOS has announced today 425 job cuts and a scaling down of its TMB brand which provides finance for new builds and buy-to-lets.

The bank recently announced a drop in ...

The Financial Times and The Metro are set to move on staff redundancies.

60 jobs will go at the broadsheet and an unspecified number will be shown the door at the freesheet.

Management at the FT is already negotiating with employees looking to cut backroom staff working ...

The capital is testament to the economic slow down with companies closing daily, today the banks and the Government meet to discuss ways to help SME's survive the crisis.

BY City Desk

The Prime Minister has once again wielded his influence in the crisis that ...

The Greek Prime Minister visited Downing Street today to discuss the global credit crunch with the shipping world beginning to feel the crisis with one large bankruptcy already announced and the potential that London jobs could be at risk.

City Desk

The shipping community in London is ...

City Desk

'I will  ensure London remains in a pre-eminent position in the global financial system'

Prime Minister Gordon Brown speaking at business meeting in Canary Wharf

The Prime Minister is setting the agenda globally with an ambitious plan to save the British and ...

City Desk

The winter will see a 1970s scenario being played out with factories and large commercial premises shutting down due to high energy prices.

The price of energy to commercial and industrial units has "surged" amid concerns that the nation might not have enough power stations ...

Amid the market gloom WPP are victors in the battle for TNS in a £1.1 billion deal, its not all gloom and doom.

City Desk
Sir Martin Sorrell the Chairman of the worlds largest advertising group WPP based in Mayfair, is celebrating this weekend the takeover of ...

Historic lows for FTSE as Wall Street opens 3,918.89

The FTSE 100 in London has hit below the psychological 4,000 mark the first time in over a decade.  Watch the FTSE live on the London Daily News with the link below.

Live coverage of ...

Despite billions going into the world banking system stock markets are losing billions with several exchanges closing to avoid more negative trading.

City Desk

After pumping hundreds of billions of pounds into the financial system the markets "tanked" today in Japan, the Nikkei crashed to its lowest ...

City Desk

The Bank of England has cut interest rates to 4.5% from 5% a cut of 0.5% an act that has been seen as a "calming measure" for the markets and businesses experiencing a crisis with the evaporation of credit.

The Bank of England statement: