Finance Articles


Jobs crisis deepens as BT slashes 10,000

Home  Nov, 2008

Jobs crisis deepens as BT slashes 10,000 - Telecoms giant BT is axing 10,000 jobs across its workforce as it tries to cut costs after it issued a shock profits warning last month



Jobs crisis deepens as BT slashes 10,000  [11/13/2008 01:17 PM]
Telecoms giant BT is axing 10,000 jobs across its workforce as it tries to cut costs after it issued a shock profits warning last month
Rightmove loses 300 estate agents a month  [11/13/2008 01:17 PM]
Property website Rightmove has reported that up to 300 estate agents are quitting the service each month amid falling property prices
Stock market report: Thursday latest  [11/13/2008 01:17 PM]
12.30:It's official - industrial output in China is slowing, causing raw material prices to slide across the globe today
Oil prices slide as fears grow of global slump  [11/13/2008 01:17 PM]
Oil prices fell to just above $50 a barrel today, marking a loss of two-thirds in value from their peak in July
Rip-off loan insurance faces full ban  [11/13/2008 01:17 PM]
The competition watchdog has proposed a ban on the sale of payment protection insurance alongside credit agreements
Darling: Economy will bounce back in 2010  [11/13/2008 01:17 PM]
Britain will suffer a short, sharp recession next year, Chancellor Alistair Darling has signalled, but will bounce back in 2010
MPs save 3,000 post offices with £1bn deal  [11/13/2008 01:17 PM]
More than 3,000 post offices were hoping for a lifeline today as ministers were expected to confirm a £1bn contract to distribute benefits
Germany's economy dives into recession  [11/13/2008 01:17 PM]
The European economy took a new and unwanted battering today as Germany plunged into recession
Loans crisis 'devastating' for UK firms  [11/13/2008 01:17 PM]
The collapse in bank lending is having a devastating effect on British businesses, Mervyn King warned
Darling urged to ditch tax rise on small firms  [11/13/2008 01:17 PM]
The Chancellor was yesterday urged by MPs and small businesses to abandon an 'awful' tax increase on small businesses
Bank will drop rates 'as low as necessary'  [11/13/2008 01:17 PM]
Substantial rate cuts into next year were on the cards today after the Bank of England forecast inflation to fall below 1% and said the economy would need a substantial boost
Sterling savaged as rates set to fall  [11/13/2008 01:17 PM]
The pound fell to an unprecedented low of €1.19 and a six-year low of $1.49 as the expectation of further rate cuts compounded its chronic weakness
Banks suffer as US rejigs bailout plan  [11/13/2008 01:17 PM]
Barclays and RBS suffered a damaging set-back after the U.S. government abandoned its plan to create a dumping ground for toxic assets
Private sector pensions under threat  [11/13/2008 01:17 PM]
The pensions of 13m private sector workers face a new threat, it was claimed yesterday
Shareholders force Barclays into rethink  [11/13/2008 01:17 PM]
Barclays has signalled it is prepared to rethink the terms of its controversial £7bn fund raising in order to placate angry investors
Pre-Budget report set for 24 November  [11/13/2008 01:17 PM]
Alistair Darling will dleiver his pre-Budget report to the country on 24 Novemmber: the Evening Standard City editor says it is the most significant speech in recent years
Sterling savaged as rates set to fall  [11/13/2008 01:17 PM]
The pound fell to an unprecedented low of €1.19 and a six-year low of $1.49 as the expectation of further rate cuts compounded its chronic weakness
ING posts first-ever loss  [11/13/2008 01:17 PM]
Dutch banking giant ING today reported the first loss since it was formed in 1991, in what was another dismal day for continental financial services firms
Minister: Tax cuts now 'will mean tax rises later'  [11/13/2008 01:17 PM]
Any tax cuts by Gordon Brown to beat the recession will be shortlived, a Cabinet minister admitted yesterday.
Barclays poker game over sovereign wealth  [11/13/2008 01:17 PM]
Building societies: The mutual fall guys  [11/13/2008 01:17 PM]
Time to come clean on tax  [11/13/2008 01:17 PM]
Comment:The UK parties are united on the need for budgetary changes but, unfortunately, there is no agreement on what form this should take
Risky business from the HBOS dealbreakers  [11/13/2008 01:17 PM]
Some banks avoid the fray  [11/13/2008 01:17 PM]
Midas share tips: Dogs of Footsie crash out  [11/13/2008 01:17 PM]