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2008-10-11
FTSE slumps 8.9 pct
The top share index ended 8.9 percent lower Friday contributing to a 24 percent slump for the week, the second biggest weekly fall ever, as investors ran scared from the spectre of a full global recession.
2008-10-11
Oil drops 10 percent on demand concerns
Oil prices dropped more than 10 percent on Friday and touched 13-month lows in a global flight from risk amid concerns of a worldwide recession and further signs of slumping energy demand.
2008-10-10
Panic strangles Asia stocks but yen firm
Asian stocks plunged on Friday, with Japan's Nikkei down more than 10 percent, while the yen and U.S. Treasury debt prices rose, as panic set in after global efforts so far failed to unlock credit markets.
2008-10-10
FTSE seen opening more than 6 pct lower
The FTSE 100 index is seen opening down as much as 6.7 percent on Friday, according to financial bookmakers, as investors continue to fret about the parlous state of the global banking system.
2008-10-10
John Lewis weekly dept store sales down 0.5 pct
John Lewis Partnership JLP.UL, the employee-owned store chain seen as a barometer of the retail sector, said on Friday the latest weekly sales at its 27 department stores fell 0.5 percent.
2008-10-09
DHL Express expands service with WH Smith partners
London, 10 October 2008-DHL Express, the world's leading express delivery and logistics company, today announced a partnership with one of the UK's top retail groups, WHSmith.
2008-10-09
BA mulls cooperation with Alitalia
British Airways is considering cooperation with Alitalia, BA Chief Executive Willie Walsh told German newspaper Frankfurter Allgemeine Zeitung.
2008-10-09
WH Smith year profit up 15 percent
WH Smith, the newspapers, books and stationery retailer, posted a better-than- expected 15 percent increase in full-year profit, as margin gains and cost savings offset a continuing fall in underlying sales.
2008-10-09
Greggs cuts profit forecast on costs and sales dip
Bakery chain Greggs has cut its full-year profit forecast by 3 million pounds, blaming a weather-related dip in sales and a decision not to pass on higher costs to cash-strapped customers.
2008-10-08
Bank makes emergency rate cut of 50 basis points
The Bank of England made an emergency 50 basis point cut in interest rates on Wednesday as part of coordinated global monetary easing to alleviate the economic pain of the stresses in financial markets