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Marks & Spencer to cut jobs

United Kingdom Marks & Spencer to cut jobs

After unveiled its worst sales figures for almost a decade, Britain’s biggest clothing retailer Marks & Spencer has announced it will lay off more than 1,200 people and close more than two dozen…

Sales slump halts Toyota productionSales slump halts Toyota production Waterford Wedgwood in administrationWaterford Wedgwood in administration Air France-KLM Alitalia deal reported closeAir France-KLM Alitalia deal reported close
Toyota is planning to stop production at all of its Japanese plants for eleven days in February and March because of a slump in sales. That comes on…
The Irish maker of luxury tableware Waterford Wedgwood called in the receivers on Monday. The loss making company had been trying to find new…
Air France-KLM is reportedly close to an agreement to buy 25 percent of the Italian carrier Alitalia. According to media reports, a deal could…
  1. Rolls Royce win big Abu Dhabi contract
  2. Toyota symptom of wider Japanese malaise
  3. EDF to become UK’s biggest electricity supplier
  4. Munich Re snaps up HSB from AIG
  5. Polaroid in Chapter 11
  6. Natixis slims down

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latest economy news
German jobless figures rise

Unemployment German jobless figures rise

German jobless figures rose in December, reversing a trend going back three years. Unemployment was up by a bigger-than-expected 18,000 in seasonally adjusted terms. The figures showed that the…

December euro zone inflation lower than expectedDecember euro zone inflation lower than expected Crude boosted by Mideast tensionsCrude boosted by Mideast tensions Oil prices boosted by Gaza violenceOil prices boosted by Gaza violence
Euro zone inflation plunged more than expected in December. The speed of decline in the inflation rate in the fifteen countries that were then using…
Crude oil prices remain volatile, later on Tuesday they slipped back after earlier hitting a one-month high above 50 dollars a barrel. That spike was…
Israel’s offensive in the Gaza Strip has helped push up oil prices close to their highest in three weeks amid increasing fears for crude supplies…
  1. Madoff was investigated eight times – report
  2. Fed moves ahead with mortgage securities purchase
  3. Crude oil ends year weak
  4. ECB rate cut considered more likely
  5. French jobless up again in November
  6. Bank of Spain confirms recession
Latest market news & analysis
European markets slip on US job figures

Europe European markets slip on US job figures

European shares finished lower on Wednesday after rising for the previous six sessions. London’s FTSE 100 slumped nearly three percent. Oil prices slid sharply pulling the energy sector down, led by…

Markets bounce back in 2009Markets bounce back in 2009 European shares end year 45 percent lowerEuropean shares end year 45 percent lower European stocks end higherEuropean stocks end higher
The new year rally has continued for stocks worldwide. On Monday, European shares briefly touching their highest level since mid-November, with…
Trading in shares in Europe is over for the year with several of the region’s stock markets having registered their worst annual losses in history.…
European shares finished up on Tuesday, but are still on track for huge losses this year. Traders in Frankfurt raised glasses of champagne at…
  1. Asia ends miserable year for stocks
  2. Europe shares close higher
  3. Brokers stay away from Europe’s trading floors
  4. No christmas cheer for European shares
  5. Shares slip again in Europe
  6. Oil prices slip further

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