| Co-op and Arcadia axe pensions
[01/05/2006 11:45 PM] |
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Two of the UK's biggest employers, Co-op and Arcadia, have taken an axe to their gold-plated pension schemes, following the lead of Rentokil
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| HBOS hands over to 'young star'
[01/05/2006 11:45 PM] |
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James Crosby, the HBOS chief, is quitting his £1.5m-a-year post after seven years and will hand over to 39-year-old 'superstar' Andy Hornby
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| Market report: Thursday close
[01/05/2006 11:45 PM] |
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The re-rating of Next continues apace following yesterday's Christmas trading update and the shares were among the best FTSE 100 performers
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| Fragile economy sparks slump
[01/05/2006 11:45 PM] |
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The stockmarket may have closed 2005 on a high but the number of firms collapsing hit its highest level for three years
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| Switch from gas fuels petrol
crisis [01/05/2006 11:45 PM] |
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Fears were growing last night about nationwide fuel shortages as the impact of soaring gas prices began to bite
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| Passenger numbers take a dive
at bmi [01/05/2006 11:45 PM] |
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Passenger numbers at Sir Michael Bishop's BMI airline are falling, while low-cost rivals continue to grow
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| Air delays at four-year high
[01/05/2006 11:45 PM] |
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Air passengers suffered their longest delays for four years last summer, with Gatwick Airport travellers faring worst
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| The equity release nightmare
[01/05/2006 11:45 PM] |
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Using an equity release scheme to raise even modest sums can leave you with nothing, warns a new report from campaign group Which?
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| Redrow warns of slowing housing
market [01/05/2006 11:45 PM] |
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Homebuilder Redrow has warned it will not replicate last year's first half profits as activity drops in the housing market
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| Wary fund managers turn to
cash [01/05/2006 11:45 PM] |
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Fund managers have trimmed their exposure to stocks and bonds in favour of cash - a sign they are becoming more risk-averse
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| Majestic toasts a strong festive
sales [01/05/2006 11:45 PM] |
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Majestic Wine shrugged off the tough conditions that led to the collapse last month of Unwins off-licences
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| Windows aims to kill off the
iPod [01/05/2006 11:45 PM] |
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Microsoft today declared war on the iPod by launching a rival music service with MTV, which will give users access to 2m songs and videos
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| Boardroom blow for Betfair
[01/05/2006 11:45 PM] |
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Betting revolutionary Betfair was in turmoil today after chairman Sir Bob Horton was ousted and two other directors left the business
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| 5m adults fooled by scams
[01/05/2006 11:45 PM] |
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About 5m adults across Britain have been fooled into responding to scams, a survey out today shows
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| Mobile call centre staff get
it wrong [01/05/2006 11:45 PM] |
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A quarter of mobile phone call centre staff get basic questions about the services they offer, such as tariffs and handset enquiries, wrong
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| Pay now, retire later, Green
staff are told [01/05/2006 11:45 PM]
|
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Arcadia workers have been told they must work an extra five years and increase their monthly payments if they want a full pension
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| Mortgage lending hits record
high [01/05/2006 11:45 PM] |
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Mortgage lending soared to its highest level on record during November, but increases in consumer credit crashed to a five-year low
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| Next joy as sales decline
slows [01/05/2006 11:45 PM] |
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Fortunes at fashion retailer Next have improved after it raised its profit forecasts and stemmed falling sales
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| Shoppers stay home despite
bargains [01/05/2006 11:45 PM] |
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Retailers had a gloomy end to the year despite a rush by shoppers to post-Christmas sales on Boxing Day and 27 December
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| Norwich Union cuts penalty
charges [01/05/2006 11:45 PM] |
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Norwich Union has reduced the penalties paid by some long-term savers if they cash in their policies early
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| High Street slump hits Kookai
[01/05/2006 11:45 PM] |
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The tough times on the High Street have claimed another victim with fashion chain Kookai’s UK operation placed in administration today
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| Movers and shakers of 2006
[01/05/2006 11:45 PM] |
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The Evening Standard business team spotlights the players who will star in the Square Mile action this year
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