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Npower to face mis-selling probe Utility firm Npower faces an investigation by regulator Ofgem over allegations over sales tactics.
Survey sees house price slowdown Annual house price growth in England and Wales falls for the seventh straight month, the Land
Nationwide wants bigger deposits The UK's second-biggest mortgage lender, Nationwide, is demanding bigger deposits for most of its
Slow start for fast cash transfer A banking scheme for one-day cash transfers over the phone or on the internet will have a slow
Mortgage charges are still rising The credit crunch leads some big mortgage lenders to announce another round of price rises for new
Court orders to secure loans rise The number of court orders made by banks to secure loans against borrowers' properties has surged.
Rail fares 'set to be simplified' Measures aimed at making the purchase of rail tickets simpler and easier to understand will be
Call for bank action on ID theft Financial services firms need to do more to stem the rise in identity fraud, the Financial Services
'Time needed' for 10p changes Chancellor Alistair Darling says "it will take time" to finalise concessions promised to those hit
Banks lose overdraft fees case The UK's biggest banks have lost a test case, allowing the OFT to look at the fairness of overdraft
UK retail sales on slide in March Retail sales drop slightly in March but sales growth is revised up for January and February.
Measures to target fuel poverty Energy suppliers agree to a package of measure to help those struggling with high fuel bills.
Bank mortgage approvals slump The global credit crunch has led to a further slump in mortgage lending by the UK's major banks.
Net card fraud 'underestimated' Internet credit and debit card fraud in the UK is far greater than thought, a BBC investigation
Homeowners get 'mortgage help' Homeowners will have enough support to ensure that their homes are not repossessed, the government

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Lehman Brothers Collapse

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Lehman Brothers Collapse Mon 15/09/2008 Lehman Brothers, the fourth-largest US investment bank, has filed for bankruptcy protection, dealing a blow to the fragile global financial system. ...

Company News
New builds stopped as sales fall House builder Persimmon reveals it will not start work on new sites until mortgage conditions
New OFT supermarket crackdown The Office of Fair Trading targets the UK's top four supermarkets as part of an investigation into
Opec warns oil could reach \$200 Opec, the oil producing cartel, warns that the price of crude could reach \$200 a barrel as oil
Mars set to pocket Wrigley's gum Confectionery giant Mars is set to buy US firm Wrigley's, best known for its chewing gum, in a deal
Publisher deserts UK tax regime UK publishing and events firm United Business Media plans to move its tax arrangements offshore.
HBOS mulls plan for extra funds HBOS is considering a rights issue to raise up to £4bn of extra funding from its existing
Eurotunnel 'considers cash call' Eurotunnel shares are suspended amid reports that the firm will announce a 900m euros rights issue.
Downturn sparks Electrolux loss Electrolux posts a loss for the first three months of 2008 as hard-up consumers bought fewer
Nationwide wants bigger deposits The UK's second-biggest mortgage lender, Nationwide, is demanding bigger deposits for most of its
Puddings firm sheds 390 workers A maker of trifles and chocolate puddings for supermarkets is closing a Devon factory with the
No move as Yahoo deadline ends A deadline expires for Yahoo to agree to Microsoft's \$44.6bn offer, paving the way for a hostile
Exxon 'is low on transparency' Exxon-Mobil, the world's largest energy group, is as secretive as its Russian and Chinese rivals, a
More Costa coffee shops planned Whitbread plans to double the number of Costa coffee shops and increase the number of Premier Inns.
ASOS sees strength in web sales Online fashion retailer ASOS sees yearly sales rise and sees growth ahead despite the economic
Microsoft falls on weak forecasts Microsoft sees shares fall 6%, a day after posting a fall in profits and disappointing earnings
Strong demand for mobile phones Global demand for mobile phones remain strong, despite high food prices and the credit crisis,
Retailers in tobacco price probe Supermarkets and cigarette firms have been engaged in unlawful practices linked to retail prices,

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